Mastercard Selects Rekor Systems to Enable Touchless Economy

Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor") (“the Company”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that the company is now substantially debt-free following the retirement of approximately $4.9 million in debt. The debt retirement eliminates all remaining short and long-term liability for Notes on the Company’s balance sheet, including accreted interest and all fees payable upon the retirement of the Notes. In addition, Matt Hill, Rekor’s Chief Science Officer, exercised 625,000 warrants stemming from the purchase of OpenALPR in March 2019.

Rekor Systems, Inc., (REKR) (“Rekor”) (the “Company”) a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced Rekor Go, a mobile application that will bring the power of accurate Automatic License Plate Recognition (APLR) to commercial users in a broad array of markets later this fall.

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 will be presenting at the SNN Network Virtual Investor Conference on August 6, 2020, at 11:30 AM EST. Robert A. Berman, CEO, will host the presentation and answer questions from investors.

Rekor Systems, Inc, (Nasdaq: REKR) (“Rekor”) “the Company”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that James K. McCarthy has retired as the Chairman of the Board of Directors of Rekor Systems (the "Board") effective immediately.

Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor") (“the Company”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that on July 15, 2020 it completed the final step to consummate the Note Exchange Agreement that was signed on June 30, 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.