Attached files
| file | filename |
|---|---|
| EX-99.2 - CORPORATE PRESENTATION - Rekor Systems, Inc. | rekr_ex99-2.pdf |
| 8-K - CURRENT REPORT - Rekor Systems, Inc. | rekr_8k.htm |
| EX-99.2 - CORPORATE PRESENTATION - Rekor Systems, Inc. | rekr_ex992.htm |
Exhibit
99.1
Rekor
Launches New Visual Identity
New corporate overview and website reflects focused mission on
evolving technology and
expansion into new markets
COLUMBIA, MD
– May 5, 2020 - 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 program 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 achievements we express or imply. 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. All forward- looking
statements 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
Bretzius
FischTank Marketing
and PR
matt@fischtankpr.com
Investor
Contact:
Charles
Degliomini
Rekor
ir@rekorsystems.com