Newsroom - Rekor Systems

Rekor Announces Closing of Senior Secured Notes Financing

Rekor Systems, Inc. announces the closing of its previously announced private placement of Senior Secured Notes in the aggregate principal amount of up to $15 million. This financing was led by the company's Chairman and CEO, Robert A. Berman.

January 23, 2023

Press Release

One of Mexico's Largest States Selects Rekor Roadway Intelligence Solutions for State-wide Public Safety Deployment

Rekor Systems, Inc. announced today that a large state in Mexico has awarded a purchase order for the Company's vehicle recognition AI-driven roadway intelligence software and hardware solutions across 1800 locations.

January 12, 2023

Press Release

Rekor Announces Multiple State Departments of Transportation Task Orders and Contract Extensions for Non-Intrusive Roadway Data Collection

Rekor announced today that Pennsylvania DOT, Florida DOT, Mississippi DOT, Alabama DOT, and Ohio DOT have issued new or extended existing contracts and task orders with Rekor that will feature the use of the company's non-intrusive technology.

January 4, 2023

Press Release

Rekor Announces Financing to Solidify Cash Position and Accelerate Business Growth and Technology Development

Rekor Systems, Inc. today announced it has executed a term sheet providing for the issuance of up to $15 million in notes (“the Notes”) to solidify its cash position and accelerate its growth plan.

December 21, 2022

Press Release

Rekor Finalizes Sale of Non-Core Business Unit

Rekor announces the closing of the sale of the Company's Automated Traffic Safety Enforcement ("ATSE") business to Altumint, an industry-leading provider of automated traffic law enforcement, traffic monitoring, and forensic investigations.

December 8, 2022

Press Release