Rekor Systems Secures $16.8 Million Contract with Oklahoma District Attorneys Council as Technology Partner for Statewide Uninsured Vehicle Enforcement Program
Rhea-AI Summary
Rekor Systems (NASDAQ: REKR) reached an agreement in principle with the Oklahoma District Attorneys Council to continue as technology partner for the Uninsured Vehicle Enforcement Diversion program, in a deal valued at $16.8 million over a multi-year term. The agreement is subject to final contract negotiations.
Rekor’s vehicle recognition sensors have supported Oklahoma’s uninsured-driver reduction since 2020, integrating with the state verification system and producing programmatic diversion from courts while adding a long-term recurring revenue stream to Rekor’s public-safety contracts.
Positive
- $16.8 million multi-year contract value
- Continues Rekor role as operational backbone of Oklahoma UVED since 2020
- Adds a long-term recurring revenue stream to state and municipal contract portfolio
Negative
- Agreement is only in principle and subject to final contract negotiations
- No contract term or revenue recognition schedule disclosed, limiting near-term visibility
News Market Reaction – REKR
In the May 4 session, REKR declined 2.62%, reflecting a moderate negative market reaction. Argus tracked a peak move of +30.8% during that session. Our momentum scanner triggered 29 alerts that day, indicating elevated trading interest and price volatility. Trading volume was elevated at 2.4x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 31 | Full-year earnings | Positive | -8.5% | Reported 2025 revenue growth, margin expansion, and narrower losses. |
| Mar 25 | Leadership update | Positive | +3.5% | Appointed director to expand Rekor Command in key growth markets. |
| Mar 18 | Patent grant | Positive | -1.5% | Secured patent for incident-based ALPR data retention method. |
| Mar 17 | Earnings date notice | Neutral | -6.7% | Announced timing and call details for 2025 results release. |
| Feb 24 | Cost restructuring | Positive | +2.2% | On-shoring engineering to U.S. to cut expenses by about $7.5M. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news often saw muted or negative reactions even on operationally positive updates, with a mix of aligned and divergent moves.
Over the last several months, Rekor reported full-year 2025 results with revenue of $48.45M, expanded Adjusted Gross Margin to 55.9%, and a narrowed Adjusted EBITDA loss of $(18.10)M, yet the stock fell 8.54% the next day. Positive strategic updates such as on-shoring engineering to cut operating expenses by about $7.5M annually and leadership additions around Rekor Command have drawn modest gains. Patent wins and earnings-date notices drew small or negative moves. Today’s multi-year Oklahoma contract fits the pattern of adding recurring public-sector business to this evolving roadmap.
Key Terms
vehicle recognition sensors technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Multi-Year Agreement Extends Rekor as the Engine Behind One of the Nation's Most Successful Uninsured Motorist Reduction Programs
COLUMBIA, Md., May 04, 2026 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor" or the "Company"), a leader in developing and implementing cutting-edge roadway intelligence systems, today announced it has reached an agreement in principle with the Oklahoma District Attorneys Council (OKDAC) to continue as the technology partner for its Uninsured Vehicle Enforcement Diversion (UVED) Program. The agreement, subject to final contract negotiations, carries a total value of
According to the latest data from the Insurance Information Institute, the state now ranks 27th nationally in uninsured motorist rates — placing it in the bottom half of all states and marking a dramatic reversal from the mid-2010s, when Oklahoma and Florida vied for the worst uninsured driving rates in the country.
"Oklahoma went from the worst in the nation to the middle of the pack," said Amanda Arnall Couch, director of the UVED Program. "That's a combination of smart policy, disciplined execution, and keeping the focus on public safety."
Since 2020, Rekor has been the operational backbone of this progress. Authorized under Oklahoma statute, the Company's vehicle recognition sensors are deployed statewide, capture vehicle data, and cross-reference it with the Oklahoma Insurance Verification System. When an uninsured vehicle is identified, the owner receives a notice with photographic evidence and a clear compliance path: obtain liability insurance, pay an enrollment fee, and maintain insurance coverage for two years. The program diverts cases from the court system, easing the burden on law enforcement and the judiciary while delivering measurable public safety outcomes.
The contract comes as the national uninsured driving crisis deepens. A recent U.S. News & World Report analysis found that the number of states where more than 20 percent of drivers lack insurance doubled from 2022 to 2023. Oklahoma's sustained improvement, achieved through Rekor's technology, directly counters that trend.
"This contract reflects more than a business relationship. It reflects confidence in what Rekor's technology has delivered since we began this work in 2020," said Charles. Degliomini, Executive Vice President, Rekor Systems. "We built this program in partnership with the Oklahoma District Attorneys Council, and the results are documented. Oklahoma drivers are safer and better protected because of it. We are proud to carry that work forward."
Uninsured driving shifts enormous financial risk onto responsible motorists. When an uninsured driver causes a collision, insured drivers bear the cost through higher premiums, out-of-pocket expenses, and uncompensated losses. The Insurance Research Council estimates that uninsured motorist claims cost the insurance industry billions of dollars annually nationwide.
The multi-year agreement deepens Rekor's presence in the public safety and compliance technology market. It adds a significant, long-term recurring revenue stream to the Company's growing portfolio of state and municipal contracts.
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.
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 in our subsequent Quarterly Reports on Form 10-Q filed with the SEC. 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
