Rekor Systems Announces Retirement of James K. McCarthy from the Board of Directors
July 24 2020 - 4:30PM
Rekor Systems, Inc, (Nasdaq: REKR) (“Rekor”) “the Company”), a
Maryland-based company providing real-time roadway intelligence
through AI-driven decisions, announced today that James K. McCarthy
has retired as the Chairman of the Board of Directors of Rekor
Systems (the "Board") effective immediately. The resignation was
not the result of any disagreement with the Company or any of its
affiliates on any matter relating to the Company's operations,
policies or practices. After accepting Mr. McCarthy’s resignation,
the Board appointed the Company’s president and CEO Robert A.
Berman to be its Executive Chairman upon the recommendation of its
Governance Committee.
“Jim McCarthy served the Board and the Company
with character and dignity during a period of extraordinary
transformation for the Company. We are grateful for the selfless
service and unmatched knowledge he brought to the Rekor Systems
Board of Directors. His wisdom and experience will be missed, and
we wish him well in his retirement,” said the Company’s Lead
Director, Paul de Bary. “We are pleased to welcome Robert Berman as
Board Chairman. He is a highly experienced executive who brings a
proven track record and strategic vision to the Executive
Chairman’s position. We look forward to benefiting from his
insights and perspectives as we continue to execute our strategy to
drive growth and value for our shareholders.”
Visit our website to learn more:
https://www.rekor.ai
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.
Media Contacts:
Emily Burdeshaw
REQ For Rekor Systems
rekor@req.co
Investor Contacts:
Charles Degliomini
Rekor Systems, Inc.
ir@rekor.ai
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