Rekor Systems CEO Robert A. Berman Issues Letter to Shareholders Prior to Scheduling 2020 Annual Meeting
May 26 2020 - 7:00AM
Business Wire
Letter Highlights Completion of Company’s
Enhanced Suite of Vehicle Identification Offerings and Significant
Revenue Opportunities
Rekor Systems, Inc. (NASDAQ:REKR)("Rekor"), a Maryland-based
company providing real-time roadway intelligence through AI-driven
decisions, announced today that Robert A. Berman, its President and
CEO, has issued a letter to shareholders with an update on its
business in advance of setting a date for its next shareholder
meeting.
In the letter, Mr. Berman provides shareholders with updates on
recent Company progress, including completion of the development of
an enhanced suite of vehicle identification offerings that are
already making a profound difference in the customer experience,
public safety and smart cities markets that it serves.
The letter also highlights the various business and development
opportunities for Rekor’s AI software in retail, public safety and
intelligence—all of which are in advanced stages and represent
significant revenue opportunities for the company.
This summary of the letter is not intended to be complete, and
the Company urges its shareholders and other interested parties to
read the letter in full attached to this press release and/or by
visiting our website.
About Rekor Systems, Inc.
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 informed decisions
faster, and 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
by our clients. 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:
https://rekor.ai.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200526005113/en/
Investor Relations Contact: Rekor Systems, Inc. Charles
Degliomini ir@rekorsystems.com
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