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Mastercard Selects Rekor Systems to Enable Touchless Economy

September 2, 2020

Mastercard Selects Rekor Systems to Enable Touchless Economy

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Rekor Systems Announces Agreement on Note Exchange

July 1, 2020

Rekor Systems Announces Agreement on Note Exchange

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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Rekor Systems Divests Final Non-Core Asset Subsidiary

June 30, 2020

Rekor Systems Divests Final Non-Core Asset Subsidiary

Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor") (the “Company”), a Maryland-based company providing real-time roadway intelligence through artificial intelligence (“AI”) driven decisions, announced today that it has divested its TeamGlobal subsidiary, as a final step in its announced change in strategic direction. Last year the Company announced that it would take steps to divest itself of the assets in its professional services segment as it moves ahead with its business strategy to focus on providing its vehicle recognition solutions for the public safety, smart cities and customer service markets. This marks the end of a year-long strategy to sell lower margin assets and focus on Rekor’s core technology segment.

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Rekor Secures $160,000 Contract from United States Department of Defense to Increase Deployment of Rekor Technology

June 22, 2020

Rekor Secures $160,000 Contract from United States Department of Defense to Increase Deployment of Rekor Technology

Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor") (“the Company”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced that the U.S. Department of Defense (DOD) has authorized $160,000 for the purchase of the Company’s vehicle recognition software. These licenses will allow Rekor’s AI-powered vehicle recognition software to be deployed quickly to existing cameras to support national security efforts.

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Rekor Set To Join Russell Microcap Index®

June 17, 2020

Rekor Set To Join Russell Microcap Index®

Rekor Systems, Inc, (REKR) (“Rekor”) Rekor Systems, Inc. (NASDAQ:REKR)("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that the Company has been added to the Russell Microcap Index® at the conclusion of the 2020 Russell Indexes annual reconstitution, effective after the U.S. market opens on June 29, according to a final list of additions posted June 15.

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Rekor Announces Venture To Launch Smart Permit and Parking Management Startup

June 1, 2020

Rekor Announces Venture To Launch Smart Permit and Parking Management Startup

Rekor Systems, Inc. (NASDAQ:REKR)("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, and Cygnet Infotech, a premier product engineering and application development services firm, today announced the launch of a standalone joint venture, to be named ROKER (pronounced “rock-er”), to automate parking enforcement and enable higher revenue recovery for both public safety institutions and private businesses alike. Rekor and Cygnet are each contributing their respective technology stacks to the standalone joint venture in exchange for 50% of ROKER’s equity.

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Rekor Systems CEO Robert A. Berman Issues Letter to Shareholders Prior to Scheduling 2020 Annual Meeting

May 26, 2020

Rekor Systems CEO Robert A. Berman Issues Letter to Shareholders Prior to Scheduling 2020 Annual Meeting

Rekor Systems, Inc. (NASDAQ:REKR)("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that Robert A. Berman, its President and CEO, has issued a letter to shareholders with an update on its business in advance of setting a date for its next shareholder meeting.

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