Rekor Systems Expands Market Opportunities with Mesa Technologies Partnership
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.
July 2, 2020