Rekor Launches New Visual Identity
May 05 2020 - 7:30AM
Rekor (Nasdaq: REKR) (“the Company”), a Maryland-based company
using AI to provide real-time roadway intelligence, announced today
it has unveiled a new visual identity. The new visual identity
signals the execution of its business plan and a go-to-market
strategy that enables its clients to make faster, better informed
decisions through the use of the Company’s AI-based technology. The
Company’s web site has changed to www.rekor.ai where a new
corporate video and overview are available.
“We’ve launched this new visual identity to
better reflect who we are, and what we do. In just one year’s time,
Rekor has disrupted a mature market with our AI-driven technology,
innovative business model and proven results. We already have a
strong footprint across Public Safety, Consumer Experience and
Smart City markets with a global customer base in over 70 countries
and, most importantly, a disruptive pricing model. As the Company’s
business continues to grow, it will provide a bridge to big data
that will feed even better market insight,” said Robert A. Berman,
President and CEO, Rekor.
Rekor has redefined an entire industry by using
AI and machine learning to develop software that captures roadway
information and identifies valuable patterns in real time. Whether
replacing prohibitively expensive legacy systems that do nothing
more than see a license plate or installing new comprehensive
vehicle recognition and roadway management systems, governments and
private companies can use Rekor technology to significantly reduce
their total cost and time-to-deployment.
In conjunction with this announcement, the Company also provided
additional updates as to its progress, indicating that it has:
- Forged a partnership with a major payment network processor to
use Rekor technology to improve drive-thru and curbside pick-up for
the quick service restaurant market
- Launched new reseller and partner programs created to grow the
channel and deliver mutually beneficial collaboration
- Completed automation of new licensing platform enabling
frictionless distribution of our high margin SaaS products
- Continued international expansion of its iP360 Parking and
citation management solution
- Added over 50 new public safety clients
- Received coverage from B. Riley FBR with an initial Buy rating
and $6 price target, stating that the Company's technology is
underpenetrated and well positioned for “significant growth”
The Company has also introduced a new tagline to
further reinforce its messaging: AI Driven Decisions. The tagline
speaks to the Company’s core mission of delivering the most
advanced machine learning and machine vision technology to our
customers, providing real-time roadway intelligence and delivering
faster, better informed decisions whose outcomes can make their
communities safer, cities smarter and businesses more
successful.
The Company has also assembled an unrivaled
senior leadership team with executive appointments over the last
year. Berman concluded, “The combined expertise of those on our
senior leadership team is second to none. The experience and vision
they have each brought to Rekor over the last year has played a
significant part in us reaching this milestone. Make no mistake, we
are headed for greater places.”
About Rekor
Rekor (Nasdaq: REKR) is a Maryland-based company
providing real-time roadway intelligence through AI-driven
decisions. Rekor bridges commercial and government sectors with
actionable, real-time vehicle recognition data to enable faster,
better informed decisions with greater outcomes. Rekor is
transforming industries like Public Safety, Customer Experience,
and Smart Cities in more than 70 countries across the globe with
smarter, quicker, cost-competitive vehicle recognition solutions
for security, revenue discovery and recovery, public safety,
electronic toll collection, brand loyalty, parking operations,
logistics, and traffic management. We use the power of artificial
intelligence to analyze video streams and transform them into
AI-driven decisions. Our machine learning software can turn most IP
cameras into highly accurate and affordable vehicle recognition
devices used to help protect lives, increase brand loyalty, and
enhance operations and logistics, without the need to install
expensive new infrastructure. We make what was once considered
impossible, possible. To learn more please visit our website:
http://www.rekor.ai
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve substantial risks and
uncertainties. Other than statements of historical facts, all
statements contained in this press release are forward-looking
statements, 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
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contained in this press release speak only as of the date on which
they were made, are based on management's assumptions and estimates
as of such date and are subject to a number of risks, uncertainties
and assumptions, including those described under the sections in
our Annual and Quarterly Reports filed with the Securities and
Exchange Commission. 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. We undertake no 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 BretziusFischTank Marketing and
PRmatt@fischtankpr.com
Investor Contact:
Charles Degliomini Rekor ir@rekorsystems.com
A video accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/3a0feb0f-6a29-4d7b-8a01-c6a2fff1a3a9
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