Rekor Systems, Inc. Regains Compliance with Nasdaq Bid Price Rule

Rekor Systems, Inc. (NASDAQ: REKR)(“Rekor” or the “Company”), a leading provider of innovative vehicle recognition systems, today announced that Nasdaq has determined that the Company has regained compliance with its Bid Price Rule, and that this matter is now closed. The Nasdaq determination is based on the closing bid price of the Company’s common stock being at $1.00 per share or greater for at least ten consecutive business days.

“We are happy to have regained compliance with Nasdaq’s minimum bid price listing requirement,” said Robert A. Berman, President and Chief Executive Officer of Rekor. “We understand how important it is for our customers, stockholders, and the Company to retain our status on Nasdaq, and it is an important element of our ongoing efforts to improve stockholder value,” added Mr. Berman.

About Rekor Systems, Inc.

Rekor Systems, Inc., a Nasdaq-listed (REKR) Delaware company, is the parent of Maryland-based Rekor Recognition Systems, Inc. Our smarter, faster, cost-competitive solutions are disrupting major industries in over 60 countries across the globe, including security and surveillance, public safety, electronic toll collection, brand loyalty, parking operations, banking and insurance, logistics, and traffic management.We use the power of artificial intelligence to analyze video streams images and transform them into extract actionable information for our clients. Our machine learning enabled software can turn most IP cameras into highly accurate and affordable vehicle recognition devices. Rekor provides advanced vehicle recognition systems, powered by its innovative OpenALPR software, which dramatically improves the accuracy of license plate reads and can also identify the make, model and color of vehicles. Rekor's solutions include mobile and fixed license plate readers, "Move Over" law enforcement, school bus stop-arm enforcement, and red light and speed enforcement, parking enforcement and citation management. Rekor's solutions help to protect lives, increase brand loyalty, and manage complex supply chain logistics. Our systems can dramatically reduce the cost of collecting tolls on major highways or manage congestion in the bumper-to-bumper traffic of large cities, without the need to install expensive new infrastructure. We make what was once considered impossible, possible.