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Rekor Systems CEO Robert A. Berman Issues Letter to Shareholders in Advance of 2019 Annual Meeting
Letter highlights Company’s recent growth and opportunities within its Technology Segment, including a 240% increase in gross sales from Q1 to Q2 in 2019 in that segment
Rekor Systems, Inc. (NASDAQ: REKR)(“Rekor”), a leading provider of public safety and vehicle recognition systems powered by artificial intelligence (“AI”) and machine learning, announced today that Robert A. Berman, its President and CEO, has issued a letter to shareholders to be presented at the Company’s 2019 Annual Meeting to be held later today.
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.
This summary of the letter is not intended to be complete, and the Company urges its shareholders and other interested parties to read the letter in full attached to this press release and/or by visiting: https://rekorsystems.com/wp-content/uploads/2019/08/Shareholder-Letter-August2019.pdf
About Rekor Systems, Inc.
Rekor Systems, Inc. is a publicly traded company listed on Nasdaq (REKR) with headquarters in Columbia, Maryland. Our smarter, faster, cost-competitive solutions are disrupting major industries in over 60 countries across the globe, including security and surveillance, public safety, electronic toll collection, brand loyalty, parking operations, banking and insurance, logistics, and traffic management. We use the power of artificial intelligence to analyze video streams and transform them into actionable information for our clients. Our machine learning enabled software can turn most IP cameras into highly accurate and affordable vehicle recognition devices. Rekor provides advanced vehicle recognition systems, powered by its innovative OpenALPR software, which dramatically improves the accuracy of license plate reads and can also identify the make, model and color of vehicles. Rekor’s solutions include mobile and fixed license plate readers, “Move Over” law enforcement, school bus stop-arm enforcement, and red light and speed enforcement, parking enforcement and citation management. Rekor’s solutions help to protect lives, increase brand loyalty, and manage complex supply chain logistics. Our systems can dramatically reduce the cost of collecting tolls on major highways or manage congestion in the bumper-to-bumper traffic of large cities, without the need to install expensive new infrastructure. We make what was once considered impossible, possible. To learn more please visit our website: https://rekorsystems.com.