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Rekor Systems preliminary second quarter revenues show continued rapid growth. Read more.
Rekor's machine learning software can turn existing IP, traffic and security cameras into highly accurate and affordable vehicle recognition devices to help protect lives, increase brand loyalty, and enhance operations and logistics.
With over 12 SaaS and hardware product offerings, Rekor has innovative solutions to deliver actionable insights through real-time roadway intelligence to customers in both the public and private sector.
In addition to detecting a license plate, Rekor’s vehicle intelligence captures unique attributes that allow users to quickly locate vehicles of interest and detect roadway and traffic anomalies.
Rekor offers affordable subscriptions with full lifetime support on both hardware and software, allowing agencies and companies of all sizes to leverage the power of our AI-driven technology.
“With higher accuracy than other providers, as well as the ability to affordably scale, Rekor’s solutions fit the needs of our department both now and for the future. We look forward to working with Rekor to make Mt. Juliet and the surrounding communities a safer place.”
- Chief James Hambrick
Before selecting Rekor, MJPD and IT professionals conducted rigorous testing and an extensive review of Rekor and other leading license plate recognition systems. After testing was completed, the Rekor solution clearly outperformed competitors.
Learn how Rekor helped
Rekor's AI-driven license plate and vehicle recognition software provides law enforcement, neighborhoods and campus security officials with an affordable solution to deter, interrupt and solve more crimes.
Rekor's AI-driven vehicle recognition allows retailers to conduct safe and efficient curbside and drive-thru transactions. Customized dashboards provide real-time insights to help operations become more efficient and profitable.
Rekor's real-time roadway intelligence helps cities become smarter and more efficient, enhancing revenue today and ensuring greater compliance in the future.
July 8, 2020
Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor") (“the Company”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that it expected gross revenue to be above $2.6 million for the second quarter of 2020 which represents over 60% growth from the first quarter of 2020.
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July 2, 2020
Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, and Mesa Technologies, LLC (“Mesa”) today announced a five-year non-exclusive licensing agreement for the use of Rekor’s intellectual property as part of a school bus stop arm system (“SBSA”). Mesa has installed over 3000 photo enforcement systems world-wide. Above an annual payment to Rekor of $1,120,000, Mesa will be entitled to volume discounts that increase through to 20,000 units. The agreement is in place immediately and will increase Rekor’s market penetration in the state, local government, and international markets.
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July 1, 2020
Rekor Systems, Inc. (REKR) (“Rekor”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that it has reached an agreement on a consensual balance-sheet restructuring with its lenders involving a debt-for-equity swap and other loan modifications. The transaction will have an immediate impact on Rekor’s balance sheet by extending the maturity and significantly reducing the amount of the Company’s outstanding promissory notes.
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