Rekor Systems Inc Stock Price, News & Analysis

Rekor Systems has been selected by the City of Winchester, Virginia, to implement the Rekor One™ Traffic Management and Public Safety platform in a six-month pilot program. This platform is designed to improve traffic management and public safety via real-time data and analytics. If successful, Winchester may transition to an annual subscription costing $455,000. The platform aims to enhance city infrastructure, particularly during peak tourist seasons, by providing agencies with actionable insights and improving overall road safety.

Rekor Systems, Inc. (NASDAQ: REKR) announced a partnership with the Philadelphia Industrial Development Corporation (PIDC) to deploy its Rekor One™ platform in a pilot project at the Philadelphia Navy Yard. The project aims to analyze traffic patterns and provide analytics over a six-month period, capturing data on vehicle counts and emissions. The pilot will kick off in Q1 2022, helping PIDC achieve its development goals. Rekor One is designed to deliver actionable insights for various city departments, promoting smarter urban infrastructure.

Rekor Systems, Inc. (NASDAQ:REKR) announced the appointment of David Desharnais as President, effective January 3, 2022. With over 20 years of experience in technology-driven businesses, Desharnais previously served as EVP at IDEMIA and held key roles at Amazon. He will lead Rekor's global engineering, product management, marketing, and partnerships. CEO Robert A. Berman emphasized Desharnais’ innovative leadership as crucial for capitalizing on growth opportunities in the intelligent infrastructure market.

Rekor Systems has announced the appointment of Deb Hennessy as its first Chief People Officer. Hennessy brings over 20 years of HR experience from leading companies like Ciena and Microsoft, where she excelled in diversity, inclusion, and talent management. Her strategic leadership is expected to support Rekor's aggressive hiring plans for 2022 and foster a high-performance, inclusive culture. With her expertise, Rekor aims to enhance its workforce and contribute to its mission of creating safer, smarter cities through intelligent infrastructure.

Rekor Systems (NASDAQ: REKR) is set to host the RTC & Rekor Tech Showcase during CES 2022 in Las Vegas on January 6, 2022, from 9 a.m. to 12 p.m. PST. This exclusive event, in partnership with the Regional Transportation Commission of Southern Nevada, will feature hands-on demonstrations of Rekor's smart transportation technology that enhances public safety and traffic management. Attendees include law enforcement, government officials, and automotive industry representatives. Registration is required, adhering to Nevada's health guidelines.

Rekor Systems (NASDAQ:REKR) has been awarded U.S. Patent 11,100,793 B2 for an algorithm that detects irregular traffic congestion using AI-based predictive insights. This technology compiles historical and real-time data to identify unusual traffic patterns, allowing traffic management centers to respond effectively. The algorithm has shown success in pilot programs across the U.S., Israel, and Sweden, enhancing the ability to manage congestion caused by factors like construction and weather, while also minimizing environmental impacts.

Rekor Systems, Inc. (NASDAQ:REKR) announced its participation in the Sidoti Virtual Micro Cap Conference on December 8-9, 2021. CEO Robert A. Berman will present, along with CFO Eyal Hen, starting at 9:15 am ET. The conference aims to showcase the Company's innovative AI technology for intelligent infrastructure that enhances roadway safety and efficiency. Investors can register for free to attend the presentation and one-on-one meetings through Sidoti's website.

Rekor Systems, Inc. (NASDAQ: REKR) has announced the deployment of its Rekor One™ platform in three additional cities in Connecticut, contributing to a total of 26 cities adopted in the past six months. This expansion demonstrates the company's growing customer base and successful execution of its land-and-expand strategy. CEO Robert A. Berman highlighted that this adoption includes a significant amount of new business and showcases the strength of Rekor's technology as they approach 2022.

Rekor Systems, Inc. (NASDAQ:REKR) has announced the deployment of its Rekor One™ vehicle intelligence platform in three new municipalities: Topeka, KS, Nampa, ID, and Watertown, NY. This system enhances public safety by providing law enforcement with advanced AI-driven tools for real-time vehicle data and alerts. Rekor One™ not only supports police missions but also facilitates broader government applications such as traffic planning and incident management, utilizing de-identified data while ensuring strict privacy compliance. The technology promises cost-effective, efficient infrastructure for smarter cities.