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United States Department of Defense Increases Deployment of Rekor Technology

Expands use of Rekor’s proprietary vehicle recognition software to enhance existing camera networks following successful initial engagement

COLUMBIA, MD / ACCESSWIRE / August 27, 2019 / Rekor Systems, Inc, (REKR) (‘Rekor”) a Nasdaq company focused on bringing smarter, faster, cost-competitive solutions to the worlds of public safety and customer experience, announced today it has received a purchase order from the Department of Defense (DoD) to provide an additional 200 camera licenses for the Company’s vehicle recognition system. The DoD has now doubled its total camera licenses from Rekor, having originally purchased 200 licenses to use the Company’s machine-learning enabled vehicle recognition system in May of this year.

“We believe that both the initial selection and the rapid subsequent second purchase by the DoD confirms what we’ve long known about our technology - that it is the most robust vehicle recognition system on the market and a critical tool to support the important work of the world’s preeminent defense department,” said Robert A. Berman, President and CEO of Rekor. “Our solutions are easy to integrate, highly scalable and very cost efficient. By deploying our software within their existing infrastructure, our customers, including the DoD, can markedly enhance the functionality of their existing IP cameras by adding the most powerful vehicle recognition system in the world. What’s more, it’s all done without sacrificing any of the functionality of the existing system or the need to purchase new, expensive hardware.”

Rekor’s 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. Enabled by machine learning from its robust and growing database covering over 70 countries, Rekor’s software can identify in real time vehicle license plate data, color, make, model and body type.

Rather than buying expensive cameras that take weeks or months to ship and install, Rekor’s software can be deployed to any existing IP camera immediately. This can represent a potential savings of tens of thousands of dollars per camera, as well as greater flexibility to expand or decrease usage as needed without large capital expenditures on hardware. It also eliminates the need for two separate cameras - one for lice plate reading functionality, one for general surveillance recording - as Rekor’s solution can be used to collect license plate data and information such as the make, model, and color of a vehicle using the same camera that provides surveillance monitoring.

About Rekor Systems, Inc.

Rekor Systems, Inc. is a publicly traded company listed on Nasdaq (REKR) with headquarters in Columbia, Maryland. Rekor is focused on bringing smarter, faster, cost-competitive solutions to the worlds of public safety and customer experience. With a strong presence in over seventy countries across the world, we use the power of artificial intelligence to provide actionable, vital information for our clients. Whether it’s using machine learning software to give those who protect us better tools to keep us safe, or through solutions tailored to improving the everyday lives of everyday people, Rekor has the tech, and the expertise, for the job. At Rekor, we strive to make the impossible … possible. To learn more please visit our website: https://rekorsystems.com.

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 risk factors 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 Systems, Inc.
ir@rekorsystems.com

SOURCE: Rekor Systems, Inc,



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