February 8, 2023
Rekor Systems Selected for Federal Agency Deployment
Company's AI Software to Strengthen National Security
Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and greener cities through intelligent infrastructure, announced today that the Company's AI-driven roadway intelligence software has been selected for a national security-related application for a federal agency. The Company received a purchase order extension of more than $900,000 for one-year software subscription for the Company's AI roadway intelligence software.
"Our AI software has previously been used for national security applications, and we are honored to continue our work in this critical area," said Michael Dunbar, CRO Rekor. "When it comes to national security, federal agencies have exacting standards. Knowing the wide range of solutions they have at their disposal, we are pleased they continue expanding their use of Rekor's best-in-class, machine learning, and artificial intelligence-based software."
"The national security market is important for Rekor," said Eyal Hen, Chief Financial Officer, Rekor. "This additional order is another example of the increase in software revenue being generated from our existing customer base."
Recently, the Company announced one of Mexico's largest states selected Rekor Roadway Intelligence solutions for state-wide public safety deployment.
About Rekor Systems, Inc.
Rekor Systems, Inc. (NASDAQ:REKR) is a trusted global authority on intelligent infrastructure providing innovative solutions that drive the world to be safer, smarter, and greener. As a provider of comprehensive, continuous, and real-time roadway intelligence, Rekor leverages AI, machine learning, and holistic data to support the intelligent infrastructure that is essential for smart mobility. With its disruptive technology, the Company delivers integrated solutions, actionable insights, and predictions that increase roadway safety.
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