Dauphin County, PA has chosen Rekor to provide vehicle recognition services to support law enforcement.
October 22, 2020
Dauphin County, PA, District Attorney’s Office has chosen Rekor to provide vehicle recognition services to support five different law enforcement jurisdictions.
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Rekor Systems, Inc, (REKR) (“Rekor”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today reported its unaudited financial results for the second quarter of 2020.
Rekor 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") (“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.
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.
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.
