|Bid||0.0000 x 1300|
|Ask||0.0000 x 4000|
|Day's Range||0.6700 - 0.7110|
|52 Week Range||0.4320 - 3.5000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 13, 2018 - Nov 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.75|
The name change serves to further align the company with its current focus on technology solutions and applications, particularly within the automatic license plate recognition (ALPR) and vehicle recognition systems market, as announced last month. In addition to the name change, the company's Board of Director's granted approval for management to explore a corporate realignment of businesses that are not core to the ALPR industry.
The company recently renamed its subsidiary from Brekford Traffic Safety, Inc. to Rekor Recognition Systems, Inc. The line of hardware and software products and services offered by Rekor Recognition Systems, Inc. is powered by OpenALPR software, which uses artificial intelligence to improve the performance of automated license plate readers.
OpenALPR founder and Chief Technology Officer Matt Hill will join Novume as Chief Science Officer, effective immediately. The completed acquisition comes as OpenALPR's AI-powered vehicle recognition software continues to expand its coverage. OpenALPR released significant upgrades to its software in October of 2018, including seamless video analysis, additional data analytics and expanded international support.
BOSTON, MA / ACCESSWIRE / January 22, 2019 / OpenALPR Technology, Inc., a company that develops software for automatic license plate and vehicle recognition systems, announced that paid contracts for its artificial intelligence-based LPR solutions now cover over 9,200 cameras as the company achieved further penetration of the global vehicle recognition system market which is expected to reach $4.25B by 2023. The company now has an active sales footprint internationally with customers in more than 70 countries signing agreements for the use of its products and services in Europe, South America, Asia, and Mexico, while continuing to expand its customer-base within the United States after entering into a managed services agreement with Novume Solutions, which also executed a definitive agreement in November of 2018 to acquire OpenALPR.
FirstSight is already active in two U.S. states, protecting approximately 240,000 students across school districts in over 930 public schools. FirstSight is a comprehensive media monitoring program designed to prevent school violence by identifying threatening and concerning behaviors before they lead to a violent act. By combining media monitoring technology and threat assessment expertise from Firestorm's staff, which includes former U.S. Secret Service members, FirstSight identifies potential threats and guides interventions by school officials and law enforcement before violence reaches a school.
Russell will lead both Firestorm Solutions, LLC and Firestorm Franchising, LLC effective December 28, 2018. Russell served previously as the Chief Security Officer and Executive Vice President of Firestorm Solutions' security operations and has led the growth of that business group since joining the Company earlier in 2018. Prior to joining Firestorm Solutions, Russell was the founder, President, and CEO of Secure Education Consultants, LLC, which is now part of Firestorm.
Robert A. Berman, through Avon Road Partners L.P., purchased more than 4.3 million shares CHANTILLY, VA / ACCESSWIRE / December 12, 2018 / Novume Solutions, Inc . (NASDAQ: NVMM) announced today that its ...
HANOVER, MD / ACCESSWIRE / December 5, 2018 / Brekford Traffic Safety, Inc. (''Brekford''), a subsidiary of Novume Solutions, Inc. (NVMM) a holding company of leading specialty professional services and technology firms, today announced it has successfully concluded field tests of its Argos Guardian™ slow down/move over enforcement technology in Ohio. The testing was completed in cooperation with law enforcement agencies and tow truck companies to validate the efficiency of Brekford's automated enforcement solutions as well as highlight the overarching issue of consistent motorist violation of the law.
As part of the agreement and upon closing, OpenALPR founder and Chief Executive Officer, Matt Hill, will join Novume as Chief Science Officer. The anticipated acquisition comes during a period of tremendous growth for OpenALPR, an internationally recognized leading provider of license place reader (LPR) software used by both law enforcement and commercial clients. OpenALPR's proprietary AI-powered LPR solution is currently running on over 3,000 cameras, capturing millions of license plates per day, that are operated by more than 400 clients, including several Fortune 100 companies.
CHANTILLY, VA / ACCESSWIRE / November 13, 2018 / Novume Solutions, Inc . (NASDAQ: NVMM), a holding company of leading specialty professional services and technology firms, announced today financial results ...
Hanlon will replace Dr. Marta Tienda, who resigned from the Board of Directors effective November 5, 2018. Hanlon is a founding principal of strategic advisory and asset management firm Executive Hospitality Partners and CEO of Hanlon Investments.
Latest version includes seamless video recording and data analytics for law enforcement; At 99.02%, Version 2.6 achieves accuracy beyond human levels BOSTON, MA / ACCESSWIRE / October31, 2018 / OpenALPR ...
CHANTILLY, VA/ ACCESSWIRE / October 29, 2018 / Novume Solutions, Inc. (NVMM) (the "Company"), a holding company that integrates technology and human capital to solve client challenges in today's complex world, today announced the pricing of an underwritten public offering of 4,125,000 shares of common stock at a public offering price of $0.80 per share. The estimated gross proceeds to the Company are expected to be approximately $3,300,000 prior to deducting underwriting discounts, commissions and other estimated offering expenses. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.
CORAL GABLES, FL / ACCESSWIRE / October 22, 2018 / Monday morning saw the stock market rally after a turbulent week last week. China's beaten-down stock market had its best day in more than two and a half years on Monday. The recent market boom for tech and healthcare stocks has kept reporters busy.
The ease of converting almost any IP camera to a license plate reader with a simple software upload has disrupted an industry where solutions were traditionally complex and hardware-based. The services provided by Novume will help support the continued growth of OpenALPR's licensing operations. "Novume's subsidiaries are uniquely positioned to help accelerate OpenALPR's remarkable growth in the near term as Novume works to complete its previously announced intent to acquire OpenALPR," said Robert Berman, Novume's CEO.
The Argos Finder™ product is a portable vehicle recognition system that uses advanced artificial intelligence (AI) to improve the performance of automated license plate readers by combining dramatically improved license plate capture rates with the ability to identify a vehicle's make, model and color. It is the second product developed by Novume's wholly-owned subsidiary, Brekford Traffic Safety Inc. (Brekford), designed to protect first responders and improve safety and security systems. Together with its previously announced Argos Guardian Move Over Camera™ system and a third product expected to be completed by the end of the year, the Argos product line will provide a full suite of applications that take advantage of proprietary software developed by OpenALPR Technology, Inc. (Open ALPR).
CHANTILLY, VA / ACCESSWIRE / September 20, 2018 / Novume Solutions, Inc. (NVMM) a holding company that integrates technology and human capital to solve complex client challenges in today's world, announced today that effective September 17, 2018, it entered into a binding letter of intent with OpenALPR Technology, Inc. (OpenALPR). The letter of intent sets forth the parties' intent for Novume to acquire the assets of OpenALPR.