News & Videos - REKOR SYSTEMS INC. - English

COLUMBIA, MD, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that the New Mexico Department of Transportation (NMDOT) has expanded its use of Rekor Discover™ and Rekor’s non-intrusive video-based Edge Series systems. This latest pay-for-data deployment, installed by an authorized third party, builds on the success of an initial Phase One deployment announced in...

COLUMBIA, Md., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, announced today that, as of December 31, 2024, it has fully satisfied the outstanding balance of $15 million under its August 2024 Prepaid Advance Agreement with an affiliate of Yorkville Advisors Global. Eyal Hen, Rekor's Chief Financial Officer, commented, "This prepayment underscores our dedication to prudent financial...

Highlights Q3 2024 gross revenue increased 16% to $10.5 million compared to $9.1 million in Q3 2023 Q3 recurring revenue increased 14% to $5.5 million compared to $4.8 million Rekor Discover™ now on the Florida DOT Approved Product List, and deployments commenced Our CEO, David Desharnais, was inducted into the ITS America Board COLUMBIA, Md., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor" or the "Company"), a leader in developing and implementing advanced...

Company will host earnings call on Thursday, November 14, 2024 COLUMBIA, MD / ACCESSWIRE / October 14, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor "or the" Company "), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its financial results for the third quarter of 2024 will be released on Thursday, November 14, 2024, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time...

COLUMBIA, MD / ACCESSWIRE / September 4, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the release of a new shareholder letter from President and CEO David Desharnais. The letter offers an overview of the Company's recent achievements, strategic milestones, and future growth prospects. In the letter, Mr. Desharnais discusses Rekor's notable financial performance, including a significant increase...

Respected ITS Industry Veteran to Drive Channel Expansion in North America and Global Markets COLUMBIA, MD / ACCESSWIRE / September 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the appointment of Rish Malhotra as Executive Vice President of Global Strategic Growth. With over 20 years of international management experience in the Intelligent Transportation Solutions (ITS) sector, Mr. Malhotra...

Rekor provides Rekor Scout®, Rekor Discover™, and Rekor Command™ Customers with Certifiable Confidence and Trust in Data Security COLUMBIA, MD / ACCESSWIRE / August 21, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its Rekor Scout® and Rekor Discover™ platforms have successfully completed the Service Organization Control (SOC) 2 Type II audit, joining the already SOC 2 compliant...

Highlights: Received $15 million prepaid advance under facility to provide up to $35 million in financing, strengthening the Company's financial position and supporting future growth initiatives Q2 2024 gross revenue increased 45% to $12.4 million compared to $8.6 million in Q2 2023 Q2 year-to-date 2024 gross revenue increased 51% to $22.2 million compared to $14.7 million in 2023 Improved Adjusted EBITDA from a loss of $7.2 million for Q2 2023 to a loss of $5.8 million for Q2 2024 Secured $1.5...

Up to $15 Million In Combined Multi-Year Contracts for Traffic Data and Air Quality Studies COLUMBIA, MD / ACCESSWIRE / August 12, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it has secured significant contracts with the Texas Department of Transportation (TxDOT), the Ohio Department of Transportation (OhioDOT), and Pitkin County, Colorado for comprehensive traffic studies. These...

Rekor Discover to Power Corridor Management and Sustainable Mobility Across Maryland's I-495, I-95, and I-695 Roadways COLUMBIA, MD / ACCESSWIRE / August 5, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the launch of its Strategic Corridor Monitoring project, funded by an initial stage one $1,497,000 federal and state grant. This groundbreaking initiative will deploy Rekor's state-of-the-art...

Simplified Procurement Accelerates Security and Safety Initiatives that use Rekor's AI-Driven Vehicle Recognition Technology COLUMBIA, MD / ACCESSWIRE / August 2, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art artificial intelligence and machine learning (AI/ML), today announced the availability of its Rekor Scout® Platform in AWS Marketplace and Rekor Edge Pro on Amazon Business . The...

Simplified Procurement Approach Makes It Easier and Faster for States to Accelerate Roadway and Traffic Monitoring Programs COLUMBIA, MD / ACCESSWIRE / June 8, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art artificial intelligence and machine learning (AI/ML), today announced the availability of its leading Rekor Discover™ Platform, including the Class, Count & Speed and Vehicle...

COLUMBIA, MD / ACCESSWIRE / June 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that David Desharnais, Rekor's President and CEO, will present to the investor community and host meetings at the upcoming William Blair Growth Stock Conference. William Blair 44th Annual Growth Stock Conference Presentation Date and Time: Thursday, June 5, 2024, at 10:40 CT (11:40 am...

Company Introduces Next-Generation Solution for AI-based Traffic Studies and Analytics Rekor Previews Advanced New Features to Help DOTs Meet Emerging Government Policies for Air Quality, Data Management, AI Innovation, and Cyber Security for Protecting Critical Transportation Infrastructure COLUMBIA, MD / ACCESSWIRE / May 31, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the unveiling of a...

Rekor's Unique Edge-AI Solutions Tackle Evolving Cyber Threats and Align with Emerging Government AI and Cybersecurity Policies to Safeguard Transportation Networks COLUMBIA, MD / ACCESSWIRE / May 28, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it has further invested in its commitment to safeguarding the nation's transportation infrastructure through the...

COLUMBIA, MD / ACCESSWIRE / May 22, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor"), a leader in advanced roadway intelligence technology, today announced that the U.S. Patent Office has awarded it a patent titled "Systems and Methods for Consolidated Traffic Monitoring with Privacy Protection." This innovative patent - in addition to multiple other patent filings and awards - introduces a multi-functional sensor that effectively safeguards personally identifiable information (PII) while...

MS2 - National Leader in Transportation Data Management Systems - Joins Rekor Partner Network COLUMBIA, MD / ACCESSWIRE / May 20, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced a partnership with MS2, the national leader in Transportation Data Management Systems (TDMS). This partnership seamlessly integrates real-time FHWA 13 bin traffic data from the Rekor Discover ™...

David Desharnais, President and COO, appointed as CEO; Viraj Mehta, Chief Investment Officer at Arctis Global, named Executive Director of the Board; Company Founder Robert A. Berman continues as Chairman. Highlights : Q1 2024 gross revenue increased 58% to $9.8 million as compared to $6.2 million in Q1 2023 Recurring revenue increased 18% to $5.0 million in Q1 2024 as compared to $4.2 million in Q1 2023 Closed All Traffic Data acquisition in January 2024 Completed a $26.4 million Public...

Company will host earnings call on Wednesday, May 15, 2024 COLUMBIA, MD / ACCESSWIRE / April 22, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its financial results for the first quarter of 2024 will be released on Wednesday, May 15, 2024, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss...

Company Achieves Fourth Consecutive Quarter of Top Line Growth and Record Revenue COLUMBIA, MD / ACCESSWIRE / March 25, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today unveiled its notable financial results for the fiscal year ending December 31, 2023. Demonstrating substantial progress across all metrics, the Company not only continued its trajectory of year-over-year revenue...