July 2, 2020
Rekor Systems Expands Market Opportunities with Mesa Technologies Partnership
Company licenses mobile camera system IP and vehicle recognition technologies to Mesa to improve school bus safety
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.
The partnership aims to increase student safety as more than 95,000 motorists run school bus stop-arms each day, according to the National Association of State Directors of Pupil Transportation Services. School buses remain the dominant form of daily transportation for students. In the United States alone, there are 480,000 school buses that transport 26 million students per day to schools. Recently 22 states have passed legislation allowing for the electronic enforcement of SBSA violations.
Rekor’s SBSA vehicle recognition technology uses license plate recognition (“LPR”) as the triggering mechanism while analyzing video stream data to identify license plate characters and other relevant information, such as: state/region/province of jurisdiction as well as vehicle color, make, model, orientation and body type. Initially, Mesa will integrate Rekor’s Watchman for School Bus Stop-Arm (“SBSA”) programs in the Middle East and North America. Watchman integrates with triggering mechanisms in the SBSA device, creating images of vehicles and license plates that identify violations of school bus stop-arm laws. Having vehicle recognition in the SBSA system also provides the opportunity for law enforcement to increase safety around school busses and school bus stops.
Mesa’s SBSA technology, in coordination with Rekor’s real-time vehicle recognition, not only identifies when vehicles encroach upon the stop-arm, it also captures and records the violating vehicle for evidence purposes. A robust chain-of-evidence package is then used for issuance of citations or warnings in accordance with local ordinances. Rekor’s AI-based algorithms dramatically increase accuracy and information for law enforcement agencies and school districts.
“This partnership scales Rekor’s potential market opportunities in SBSA,” said Robert A. Berman, President and CEO of Rekor. “Through this relationship with Mesa, we will be able to help gain access to an extensive network of public safety customers seeking to implement AI and machine learning-based solutions aimed at increasing the safety of children in their communities.”
“Mesa is excited to incorporate Rekor’s Watchman technology within our edge devices, including our SBSA systems. Best-in-class accuracy and targeted identification of violations leads to more efficient photo enforcement operations for law enforcement agencies,” said Mesa Technologies Vice President Kevin Stanford. “At the end of the day, we want our children to be safe. Our SBSA System, powered by Rekor’s real-time vehicle recognition technology will be a game-changer in delivering powerful solutions to our customers quickly and cost-effectively.”