Rekor Systems, Inc. (REKR) (“Rekor”) (“Company”), a Nasdaq company focused on bringing smarter, faster, cost-competitive solutions to the worlds of smart cities, public safety and customer experience, announced today it has sold its wholly owned subsidiary AOC Key Solutions, Inc (“AOC Key Solutions”). Current members of AOC Key Solutions management will purchase the company for $4 million.

Rekor Systems, Inc. (REKR) (“Rekor”) (the “Company”), a Nasdaq company focused on bringing smarter, faster, cost-competitive solutions to the worlds of smart cities, public safety and customer experience, today announced that Susan Crandall has joined the Company as its Chief Marketing Officer (CMO). Bringing significant marketing and business development experience at large multi-national companies, she is expected to guide the Company through its next major phase of growth.

Rekor Systems, Inc. (REKR) (“Rekor”) (“Company”), a Nasdaq company focused on bringing smarter, faster, cost-competitive solutions to the worlds of smart cities, public safety and customer experience, acknowledged today it has received an offer of $4M to purchase its subsidiary AOC Key Solutions. The offer has been made by current AOC Key Solutions management. The Company is also currently in negotiations to sell another subsidiary, Team Global. Team Global is a Texas-based avionics engineering staffing company. The Company cannot assure that these transactions will be closed in a timely fashion or at all. Both subsidiaries are no longer core to the strategic direction adopted by the Company’s Board of Directors and announced last year.