REKOR NEWS

The latest and greatest press releases about Rekor.

Rekor Systems, Inc. Joins NVIDIA Metropolis Software Partner Program to Apply Deep Learning to Video Streams

Rekor Systems, Inc. (NASDAQ: REKR) (“Rekor”), a leading provider of innovative vehicle recognition systems, announced today it has joined the NVIDIA Metropolis Software Partner Program (“NVIDIA Metropolis”) and is leveraging NVIDIA Graphic Processing Units (“GPU”) to accelerate its OpenALPR vehicle recognition software. NVIDIA Metropolis is an intelligent video analytics platform that spans multiple NVIDIA products operating on a unified architecture.

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Rekor Announces Upgrade to Industry Leading OpenALPR Vehicle Recognition Software

Rekor Systems, Inc. (NASDAQ: REKR)(“Rekor”), a leading provider of innovative vehicle recognition systems, announced today that it has released an upgrade to its OpenALPR vehicle recognition software. The newly released software improves processing speed on Central Processing Units (“CPU”) up to 100%, thus enabling customers to reduce costs by deploying up to twice as many cameras using the same computing hardware.

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Rekor Systems Expands Global Involvement In Customer Loyalty Programs

Rekor Systems, Inc. (REKR) (“Rekor”), a leading provider of innovative vehicle recognition systems, announced today that VG8 JV S.A. (“VeroGo”) has placed an additional $800,000 USD order for 1,200 multi-year vehicle recognition software licenses. 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.

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Rekor Systems Selected by Nokia to Provide Automatic License Plate Reader Software as Part of Nokia’s Analytics Solutions

Rekor Systems, Inc. (NASDAQ: REKR) (“Rekor”), a leading provider of innovative vehicle recognition systems, announced today it has been selected by Nokia (NYSE: NOK) to provide automatic license plate reader (ALPR) solutions. Rekor’s solutions, powered by artificial intelligence-based OpenALPR software, will be offered to Nokia’s worldwide customer-base for use within Nokia smart city offerings.

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Rekor Systems, Inc. Regains Compliance with Nasdaq Bid Price Rule

Rekor Systems, Inc. (NASDAQ: 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.

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Rekor Systems Selected to Provide Cloud-based License Plate Recognition Solutions to Tire Profiles, LLC

Rekor Systems, Inc. (NASDAQ: REKR)(“Rekor”), a leading provider of innovative vehicle recognition systems, announced today it has been selected by Tire Profiles, LLC to provide cloud-based license plate recognition (LPR) solutions utilizing Rekor’s proprietary Cloud API product.  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.

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Rekor Systems Appoints Steve Croxton to Board of Directors

Rekor Systems, Inc. (NASDAQ: REKR)(“Rekor”), a leading provider of innovative vehicle recognition systems, announced today it has appointed Steven D. Croxton to its Board of Directors, effective June 19, 2019. 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.

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Rekor Systems’ NUMERUS™ Selected By E-470 Public Highway Authority To Provide Vehicle Recognition Solutions For Electronic Tolling

Rekor Systems, Inc. (REKR) (“Rekor”), a leading provider of innovative vehicle recognition systems, announced today it has been selected by the E-470 Public Highway Authority to provide vehicle recognition solutions for electronic tolling. Rekor’s NUMERUS™ cloud-based solution will provide license plate reading capabilities at toll stations along E-470 Colorado.

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