REKR Rekor Systems Inc

Rekor Systems, Inc., (REKR) (“Rekor”) (the “Company”) a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced the launch of Rekor Go, an application that brings the power of accurate vehicle recognition to the mobile devices of a broad array of commercial users.

The app turns a smartphone into a handheld tool that identifies vehicles and license plates. The user receives instant confirmation when the data matches a customer generated “hotlist” record.

Rekor Go does not need to continuously connect and stream to the cloud, enabling operations in areas where Wi-Fi or cellular service is limited or unreliable. It captures data on the move, operating in real-time on a live video stream. Identified plates are instantly compared to a user-generated list, shortening the time from capture to insight and issuing an audible and haptic alert.

The Rekor Go app comes with a number of additional features, including:

• On device management – Users can manage alerts directly through the mobile app by entering license plate information directly or uploading a list. Within the application, users can also capture and review images of all reads and export data using native phone capabilities.
• On device storage – Rekor Go stores 30 days of images and metadata, and gives users full and complete access to the data.
• Export capability-- The export tool creates a .csv read file that can be downloaded and shared.
• Alerts for license plates of interest – Manage alerts directly through the mobile app by entering license plate information or by uploading a list through the application or companion website.
• Companion website– The Rekor Go companion website allows the user to create and upload bulk lists, differentiating between Allowed and Not Allowed plates.

“This is a remarkable achievement for Rekor,” said Robert Berman, president and CEO, Rekor. “It’s the first on-device mobile app that delivers AI-powered vehicle recognition capabilities directly into users’ hands. Rekor Go can alert campus safety officers to vehicles of interest, whether it’s associated with criminal activity, a protective order, or a recently terminated employee. It can be used by event staff to track VIP arrivals, identify a vehicle’s location for asset recovery, and validate vehicles that are parked in restricted access lots, even in a parking garage where Wi-Fi or cell phone service is limited. Our price point makes this technology accessible for many businesses, and we anticipate adding capabilities over time.”

Rekor Go can help schools make student pick-up lines frictionless and more secure, facilitate parking supervision for homeowners’ associations, and help streamline event parking management.

Rekor offers a two-week free trial of the full application. Separately, users can try the mobile app before purchasing by using a ‘playground’ that allows users to capture images of license plates and receive digital feedback, including the alphanumeric plate read. 

Available to both iOS and Android users, Rekor Go is available for purchase and download through both the App Store and Google Play. The $9.99 per month price of the application includes read and image storage on-device for 30 days as well as access to the companion site for simplified hotlist management. For a discount, users can choose a yearly contract for $89.99. Visit https://www.rekorgo.com to learn more or view an informational video here.

Rekor Blue, a vehicle recognition smartphone application for law enforcement customers, will be released during the first half of 2021. The application will synchronize with existing Rekor platforms and allow video and image capture at much higher speeds. More details will be released in the first part of the new year.

About Rekor Systems, Inc.

Rekor (Nasdaq: REKR) is a Maryland-based company providing real-time roadway intelligence through AI-driven decisions. Rekor provides commercial and government customers with actionable, real-time vehicle recognition data to enable informed decisions to be made faster and provide better outcomes. Rekor is transforming industries like Public Safety, Customer Experience and Smart Cities in more than 70 countries across the globe with smarter, quicker, cost-competitive vehicle recognition solutions for security, revenue discovery and recovery, public safety, electronic toll collection, brand loyalty, parking operations, logistics, and traffic management. We use the power of artificial intelligence to analyze video streams and transform them into AI-driven decisions by our clients. Our machine learning software can turn most IP cameras into highly accurate and affordable vehicle recognition devices used to help protect lives, increase brand loyalty and enhance operations and logistics, without the need to install expensive new infrastructure. We make what was once considered impossible, possible. To learn more please visit our website: https://rekor.ai.

Forward-Looking Statements

This press release includes statements concerning Rekor Systems, Inc. and its future expectations, plans and prospects that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. Important factors that could have such a result include a decline or weakness in general economic conditions, an outbreak of hostilities, the ongoing pandemic and responses thereto related to COVID-19, a decline or volatility in the securities markets or regulatory changes or other adverse developments with respect to the markets for the Company’s products and services or an inability to obtain adequate financing. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/afff4ec4-d4f3-4f24-b08c-e50a8dfcfc0f

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ac58cfa-7faf-40db-bdb3-3e1fe09a1513

Media Contact:
Emily Burdeshaw
REQ for Rekor Systems
eburdeshaw@req.co

Investor Contact:
Charles Degliomini
Rekor Systems, Inc.
ir@rekor.ai