Rekor Systems, Inc. (NASDAQ: REKR)("Rekor"), a leading provider of innovative vehicle recognition systems, announced today it has appointed Steven D. Croxton to its Board of Directors, effective June 19, 2019.
Croxton currently serves as Managing Director and Head of Investment Banking for Rice, Voelker, LLC and has more than 32 years of experience in investment and commercial banking. During his career, Steve has been involved in financing and advisory transactions totaling more than $35 billion for a variety of public and private corporations. He previously served on the Board of Directors of Peninsula Gaming Partners, LLC, and has held leadership roles with responsibilities related to investment, corporate, and international banking. Steve earned a B.S. in Finance from Louisiana State University, and a Master of International Management from the American Graduate School of International Management (now Thunderbird School of Global Management), and holds FINRA Series 7, 24, 63, and 79 licenses.
“We are excited to welcome a talented executive like Steve to our Board of Directors. Steve has worked with public companies for more than three decades, advising them through financing and transactions that spur growth,” said Robert A. Berman, President and CEO, Rekor. “Steve’s unmatched experience within the investment banking space, more particularly his understanding of today’s capital markets, will be of tremendous benefit to Rekor as we continue to grow our business and maintain demand from our customers utilizing more than a dozen solutions of both software and hardware as we enter new markets. We look forward to his immediate impact on the Board.”
“I’m honored for the opportunity to join Rekor’s Board of Directors during such an exciting time for the company. With an industry-leading technology, a deep business pipeline of potential customers, and Rekor’s unique recurring revenue model the company is well-positioned to achieve significant growth as it continues its penetration of the vehicle recognition systems market and related sectors,” said Croxton. “I look forward to working with my fellow Directors to lend my expertise within the capital markets.”