Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor"), a leading provider of
innovative vehicle recognition systems, announced today it has been
selected by Nokia (NYSE: NOK) to provide automatic license plate
reader (ALPR) solutions. Rekor’s solutions, powered by artificial
intelligence-based OpenALPR software, will be offered to Nokia’s
worldwide customer-base for use within Nokia smart city offerings.
“We’re proud to be selected by a global leader
like Nokia to provide our industry-leading ALPR solutions to Nokia,
and to partner with a company that is at the forefront of smart
cities and IoT technology,” said Robert A. Berman, President and
CEO of Rekor. “Our ALPR solution, powered by OpenALPR, is an ideal
addition to the Nokia smart city offerings, as our technology is
super scalable and has multiple applications within law
enforcement, traffic monitoring, public/private security,
transportation, logistics, and more. We’re excited for the
opportunity to work with a market leader and for the exposure to
their vast global clientele searching for a leading ALPR solution
like ours.”
Nokia has applications that help utilities,
transportation, logistics, and other public and private entities
analyze real-time video streams for site surveillance, inspection,
public safety, and more. Nokia utilizes machine learning across a
network of connected cameras to track video analytics that detect
anomalous behavior across video frames. It captures suspect issues
on video and feeds it to human operators, enabling a fast and
efficient detection of real problems.
“Rekor’s ALPR solution is a natural fit for
Nokia due to its power, accuracy, and scalability. Rekor’s high
accuracy solution outperforms traditional ALPR technology and is
ideal for conditions present in live city environments. We’re
excited to offer such an innovative solution to our customers,”
said Amit Shah, VP of Enterprise Analytics and IoT, Nokia.
Rekor’s OpenALPR software enables automatic
license plate and vehicle recognition through virtually any IP
camera. Its industry-leading artificial intelligence-based
solutions can be hosted locally or in the cloud. Combined with its
robust and growing license plate database covering 60 countries,
OpenALPR software can identify in real time vehicle license plate
data, color, make, model and body type. Outside of law enforcement,
it can be utilized for public safety initiatives such as traffic
tolling, car counting, parking security, and more. Nokia develops
and delivers the industry's only end-to-end portfolio of network
equipment, software, services and licensing that is available
globally. Its customers include communications service providers
and enterprises in the private and public sector. It’s IoT software
customers rely on Nokia’s applications to help them reduce cost and
risk, increase capital efficiency, pinpoint theft, spoilage, and
shrinkage, lower frequency and duration of service outages,
personalize customer service, and more. Nokia has done business in
more than 130 countries.
To learn more about Rekor’s OpenALPR software,
please visit our website.
About Rekor Systems, Inc.
Rekor Systems, Inc., a Nasdaq-listed (REKR)
Delaware company, is the parent of Maryland-based Rekor Recognition
Systems, Inc. Our smarter, faster, cost-competitive solutions
are disrupting major industries in over 60 countries across the
globe, including security and surveillance, public safety,
electronic toll collection, brand loyalty, parking operations,
banking and insurance, logistics, and traffic management. We
use the power of artificial intelligence to analyze video streams
and transform them into actionable information for our clients. Our
machine learning enabled software can turn most IP cameras into
highly accurate and affordable vehicle recognition
devices. Rekor provides advanced vehicle recognition systems,
powered by its innovative OpenALPR software, which dramatically
improves the accuracy of license plate reads and can also identify
the make, model and color of vehicles. Rekor's solutions include
mobile and fixed license plate readers, "Move Over" law
enforcement, school bus stop-arm enforcement, and red light and
speed enforcement, parking enforcement and citation
management. Rekor’s solutions help to protect lives, increase
brand loyalty, and manage complex supply chain logistics. Our
systems can dramatically reduce the cost of collecting tolls on
major highways or manage congestion in the bumper-to-bumper traffic
of large cities, without the need to install expensive new
infrastructure. We make what was once considered impossible,
possible. To learn more please visit our
website: https://rekorsystems.com.
Forward-Looking Statements
This press release includes statements
concerning Rekor Systems, Inc. and its future expectations, plans
and prospects that constitute "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding the impact of Rekor's core
suite of AI-powered technology and the size of the market for
global ALPR systems. Such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. 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," "should,"
"expects," "plans," "anticipates," "could," "intends," "target,"
"projects," "contemplates," "believes," "estimates," "predicts,"
"potential," or "continue," by the negative of these terms or by
other similar expressions. You are cautioned that such statements
are subject to many risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks
that actual circumstances, events or results may differ materially
from those projected in the forward-looking statements,
particularly as a result of various risks and other factors
identified in our filings with the Securities and Exchange
Commission. All forward-looking statements contained in this press
release speak only as of the date on which they were made and are
based on management's assumptions and estimates as of such date. 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 Contact:
Matthew Bretzius FischTank Marketing and PR
matt@fischtankpr.com
Investor Contact:
Charles Degliomini Rekor Systems, Inc.
ir@rekorsystems.com
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