1.9800 -0.02 (-1.00%)
After hours: 6:56PM EDT
|Bid||1.9800 x 3100|
|Ask||2.1900 x 1000|
|Day's Range||1.9300 - 2.0500|
|52 Week Range||0.4320 - 5.4400|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Air Force Base Replaces Outdated LPR with Rekor's Industry-Leading Vehicle Recognition Solution as Company Continues Penetration of Defense Segment COLUMBIA, MD / ACCESSWIRE / October 17, 2019 / Rekor ...
Local Mississippi law enforcement agency utilizes Rekor’s industry-leading software solution for vehicles and license plate recognition; Department has already recovered seven stolen vehicles and one missing ...
Rekor’s Watchman Software Enables Automatic License Plate and Vehicle Recognition for Existing Traffic and Surveillance Cameras Police Department Also Joins Rekor Public Safety Network COLUMBIA, MD / ACCESSWIRE ...
Through its unique vehicle-recognition-as-a-service model, Rekor is able to realize strong product margins by offering long-term payment options at affordable monthly prices, with seamless integration of its software to any existing traffic or surveillance camera, without sacrificing any of the functionality of the existing system or the need to purchase new, expensive hardware. “The current model of selling expensive hardware that requires large upfront payments pervasive to the industry isn’t beneficial to the customers and communities that need these solutions.
COLUMBIA, MD / ACCESSWIRE / August 30, 2019 / Rekor Systems, Inc (REKR) (the Company), a Nasdaq company focused on bringing smarter, faster, cost-competitive solutions to the worlds of public safety and customer experience, announced today that the Company has been selected by a municipal law enforcement agency in the state of Alabama to deploy Rekor Watchman software. Rekor’s software eliminates the need for two separate cameras - one for license plate reading functionality, one for general surveillance recording - as this 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.
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.
Any state or local law enforcement agency participating in the RPSN will be able to access real time data from any part of the network at no cost. With thousands of automatic license plate reading cameras currently in service that capture approximately 150 million plate reads per month, the network is expected to be live by the first quarter of 2020.
Highlights: Q2 Revenues in Technology Segment Increased 62% to $1.4 million Six Months Technology Segment Revenues Increased 39% to $2.4 million Six Months gross profit increased by nearly 60% in Technology ...
In the letter, Mr. Berman provides shareholders with updates on recent Company initiatives since it has refined its business focus as Rekor Systems earlier this year, including the recently achieved 240% increase in gross sales from Q1 to Q2 of this year. The letter also highlights the various technology solutions in which Rekor has identified significant market opportunities for its innovative suite of AI and machine learning powered public safety and vehicle recognition systems.
OnGuard protective intelligence monitoring has the potential to identify otherwise unknown threats Early warning and threat identification solutions for social media, school bus safety, school permit parking ...
FIRSTSight™ was used to monitor hundreds of schools in Florida, Montana and Michigan during the 2018-2019 school year and is available for just $3 per student per year. FIRSTSight™ is more than just a monitoring solution.
Applications Include Public Safety, Traffic Management and Resource Optimization COLUMBIA, MD / ACCESSWIRE / July 16, 2019 / Rekor Systems, Inc . (NASDAQ: REKR) ("Rekor"), a leading provider ...
Already operating at a precision 99.02% accuracy rating on U.S. license plates, OpenALPR was able to improve accuracy across all vehicle recognition metrics, based on publicly available benchmarks. “We’ve already exceeded human-level accuracy benchmarks, so to be able to develop an even more accurate solution is a giant leap for vehicle recognition technology,” said Matthew Hill, Chief Science Officer, Rekor. “Doubling processing speed can be a game-changer for customers who want to increase the number of vehicle recognition cameras they’re running.
Company receives $800,000 order for 1,200 additional vehicle recognition software licenses from VeroGo, S.A. With this supplemental order, VeroGo has now secured licenses to use Rekor's vehicle recognition software in a total of 1,785 cameras at locations throughout Brazil for the next five years.
COLUMBIA, Md., June 26, 2019 -- Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor"), a leading provider of innovative vehicle recognition systems, announced today it has been selected.
COLUMBIA, MD / ACCESSWIRE / June 25, 2019 / Rekor Systems, Inc. (REKR) ("Rekor" or the "Company"), a leading provider of innovative vehicle recognition systems, today announced that Nasdaq has determined that the Company has regained compliance with its Bid Price Rule, and that this matter is now closed. The Nasdaq determination is based on the closing bid price of the Company's common stock being at $1.00 per share or greater for at least ten consecutive business days."We are happy to have regained compliance with Nasdaq's minimum bid price listing requirement," said Robert A. Berman, President and Chief Executive Officer of Rekor.
Following a test comparing Rekor's solution with a competitive product Rekor's Cloud API solution outperformed the competitor with an astonishing 65% greater accuracy rate than the other system. As a result of the test performed Tire Profiles have renewed and extend their contract with Rekor.
Croxton currently serves as Managing Director and Head of Investment Banking for Rice, Voelker, LLC and has more than 32 years of experience in investment and commercial banking. Steve earned a B.S. in Finance from Louisiana State University, and a Master of International Management from the American Graduate School of International Management (now Thunderbird School of Global Management), and holds FINRA Series 7, 24, 63, and 79 licenses.
Rekor's NUMERUS™ cloud-based solution will provide license plate reading capabilities at toll stations along E-470 Colorado. Owned and maintained by the E-470 Public Highway Authority, E-470 is a 47-mile-long controlled-access toll road traversing the eastern portion of the Denver-Aurora Metropolitan Area in the state of Colorado.
Within First Week of Use, Rekor's Mobile LPR-2 Collected 8,900 License Plate Reads and Issued 11 Accurate Stolen Vehicle Alerts CHANTILLY, VA / ACCESSWIRE / June 11, 2019 / Rekor Systems, Inc . (NASDAQ: ...
The proposed Bill A8206 would allow for law enforcement agencies to utilize a compact video and radar-based camera system affixed to police vehicles to record drivers that do not move over or slow down when approaching emergency or service vehicles conducting roadside operations. New York's Move Over Law, first passed in 2011 and later expanded in 2016, requires drivers to move over to a different lane if they see a police car, ambulance, tow truck, or other service vehicle on the shoulder of the road with their lights flashing. "We applaud the New York State Assembly for recognizing how dangerous the roadways have become for our police officers, tow truck drivers, and other roadside workers, and for taking the first step toward a solution that will literally save lives," said Rod Hillman, Chief Operating Officer, Rekor Systems.
Rekor Systems' Chief Operating Officer, Rod Hillman, stated, "Our subscription-based, 36-month contract at $299 per month is a game-changing methodology of providing vehicle recognition as a service. The LPR-2's sophisticated machine learning enabled technology can scan and recognize thousands of plates per hour from multiple lanes of traffic or in parking lots, with accuracy rates exceeding 99 percent.
Existing OCR-based license plate reading ("LPR") can cost as much as $30,000 and are difficult to install and maintain. With an MSRP of only $1,599 and an accuracy rate exceeding 99 percent, the Rekor Edge™ will be the most cost-effective vehicle recognition solution on the market, enabling broad adoption of the Company's vehicle recognition solutions in industries such as parking operations, logistics, customer loyalty, law enforcement - or virtually any business or government agency.
Cloud Based Solution Delivers Vast Savings On Vehicle Recognition Transactions At Less than 75 Cents Per 1,000 -- With Greater Than 99 Percent Accuracy CHANTILLY, VA / ACCESSWIRE / May 29, 2019 / Rekor ...
DoD selects Rekor's vehicle recognition system solution, powered by industry leading OpenALPR software; purchases 200 licenses to turn existing IP cameras into automatic license plate readers CHANTILLY, ...