Rekor Systems Appoints Marc Segal as Director of Rekor Command® to Drive Expansion in Key Growth Markets
Rekor Systems (NASDAQ: REKR) named Marc Segal Technical Account Management Director for Rekor Command® to drive expansion in Texas and other growth markets.
Rhea-AI Summary
Rekor Systems (NASDAQ: REKR) named Marc Segal Technical Account Management Director for Rekor Command® to drive expansion in Texas and other growth markets. Based in Austin, Segal brings TxDOT and Yunex experience and will lead product and operations for the real-time traffic operations platform.
Rekor Command holds a statewide blanket purchase order with Texas Department of Transportation, and Rekor reports shifting engineering and product operations from Israel to the U.S. to improve speed, reduce costs, and address geopolitical risks.
Positive
- Statewide blanket purchase order with Texas Department of Transportation
- Austin-based hire aligns with expanded Texas presence
- Engineering and product operations moved to U.S. for faster updates and lower costs
Negative
- Prior engineering operations in Israel exposed core technology to geopolitical disruption
Details
News Market Reaction – REKR
On Mar 25, the day this news came out, REKR closed 3.53% above the previous close.
Data tracked by StockTitan Argus for the Mar 25 session.
Key Figures
- Cost savings plan
- $7.5 million
- Expected annual operating expense reduction from U.S. on-shoring (Feb 24, 2026 news)
- Registered direct gross
- $15.0 million
- Gross proceeds from Dec 16, 2025 underwritten registered direct offering
- Units offered
- 8,571,428 units
- Size of Dec 16, 2025 underwritten registered direct unit offering
- Unit price
- $1.75 per unit
- Public offering price in Dec 16, 2025 offering
- Warrant exercise price
- $2.40
- Exercise price for warrants in Dec 16, 2025 unit offering
- Armistice ownership
- 14,061,005 shares (9.99%)
- Beneficial ownership reported as of 12/31/2025 in Schedule 13G
- Anson ownership
- 7,532,319 shares (5.5%)
- Beneficial ownership reported as of 12/31/2025 in Schedule 13G
- Price vs 52-week high
- -75.14%
- Position of current price relative to 52-week high of $3.42
Historical Context
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USPTO granted incident-based ALPR data retention patent.
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Announced date and call details for fiscal 2025 results.
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On-shoring engineering to U.S. with expected $7.5M annual savings.
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Former Rekor CFO appointed CFO at Coro, highlighting prior role.
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Closed $15.0M registered direct unit offering with attached warrants.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
blanket purchase order financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
COLUMBIA, Md, March 25, 2026 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR), ("Rekor" or the "Company"), a leader in developing and implementing cutting-edge roadway intelligence systems, announced today the appointment of Marc Segal as Technical Account Management Director of Rekor Command®, the Company's real-time traffic operations and incident management platform.
Based in Austin, Texas, Marc Segal is positioned at the center of one of the most active transportation innovation markets in the country. His operations base aligns closely with Rekor's expanding presence in Texas, and the Rekor Command® product has a statewide blanket purchase order with the Texas Department of Transportation (TxDOT), enabling TxDOT districts statewide to deploy Rekor Command.®
With a background as a former TxDOT employee and Yunex Senior Product Manager, Mr. Segal has extensive expertise in transportation systems, product leadership, and operational technology. At Rekor, he will lead the development and expansion of Rekor Command, focusing on delivering real-time operational intelligence to transportation agencies.
He joins Rekor's Command® leadership team, which includes Jeanus Ko, Director of Product, as Rekor continues expanding its platform, a key component of its roadway intelligence ecosystem.
Texas is one of the most significant markets in the country for transportation innovation, said Robert A. Berman, Chair and CEO of Rekor Systems. "Marc's presence in Austin and his experience in transportation technology will help us speed up the adoption of Rekor Command®, enhance our engagement with state and local agencies, and build on the momentum we're witnessing across the region."
Rekor Command® lets agencies combine data from multiple sources, such as traffic sensors, video feeds, incident reports, and roadway intelligence systems, into a single operational platform. The system allows for faster incident detection, improved coordination across jurisdictions, and more effective management of congestion and roadway events.
I am excited to join Rekor and help develop the next generation of real-time traffic operations platforms," said Marc Segal. "With Rekor's solid foundation, including its work with TxDOT, we have a clear chance to expand Command's impact by providing actionable intelligence that enhances both safety and mobility outcomes.
Berman concluded, "Moving Rekor's Command's® engineering and product operations from Israel to the U.S. has already paid off. The shift has led to faster product updates, better customer service, and improved teamwork. By centralizing operations in the U.S., the Company has reduced costs, increased agility, and improved compliance with domestic data and technology regulations. Crucially, the move also protects Rekor's core technology from disruptions or risks arising from the ongoing war in the Middle East.
About Rekor Systems, Inc.
Rekor Systems, Inc. (NASDAQ: REKR) is a leader in developing and implementing state-of-the-art roadway intelligence systems using AI-enabled computer vision and other advanced technologies. Our solutions provide actionable insights to government agencies and businesses in a secure, collaborative, privacy-protected environment that drives the world to be safer and more efficient. To learn more, please visit our website: https://rekor.ai, and follow Rekor on social media on LinkedIn, X (formerly Twitter), Threads, and Facebook.
Media & Investor Relations Contact:
Rekor Systems, Inc.
Charles Degliomini
ir@rekor.ai
Forward-Looking Statements
This press release and its links and attachments contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Rekor Systems, Inc. that involve substantial risks and uncertainties, including particularly statements regarding our future results of operations and financial position, business strategy, prospective products and services, timing and likelihood of success, plans and objectives of management for future operations and future results of current and anticipated products and services. These statements involve uncertainties, such as known and unknown risks, and are dependent on other important factors that may cause our actual results, performance, or achievements to be materially different from the future results, performance or achievements we express or imply. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions. These forward-looking statements speak only as of the date they are made and are subject to a number of risks, uncertainties and assumptions described under the sections in our Annual Report on Form 10-K for the year ended December 31, 2024 entitled "Risk Factors" and elsewhere in our Quarterly Reports on Form 10-Q. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made in this Press Release and in other documents we file from time to time with the SEC that disclose risks and uncertainties that may affect our business. The forward-looking statements in this Press Release do not reflect the potential impact of any divestiture, merger, acquisition, or other business combination that had not been completed as of the date of this filing. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond our control, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements are qualified in their entirety by reference to the risks discussed in our SEC filings. This cautionary statement also applies to any forward-looking statements made during the conference call referenced herein. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.
Media & Investor Relations Contact:
Rekor Systems, Inc.
Charles Degliomini
ir@rekor.ai
FAQ
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