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Rekor Systems Completes Note Exchange

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COLUMBIA, Md., July 16, 2020 (GLOBE NEWSWIRE) — Rekor Systems, Inc. (NASDAQ:REKR) (“Rekor”) (“the Company”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that on July 15, 2020 it completed the final step to consummate the Note Exchange Agreement that was signed on June 30, 2020.“We’ve benefitted greatly from the support of our noteholders. They have given us the resources to seize remarkable opportunities, overcome significant challenges, and position the Company for a period of outstanding performance,” said Robert Berman, CEO, Rekor. “Completion of this transaction reflects the extraordinary level of trust they have gained in our ability to grow rapidly despite the many challenges we face. The entire team here at Rekor is grateful for their continuing support.”In March 2019, investors loaned Rekor $20,000,000 in exchange for senior secured promissory notes and warrants. A portion of the Notes was previously redeemed. In an agreement reached on June 30, 2020, noteholders agreed to a redemption of approximately 77% of the remaining principal balance of the Notes as of June 30, 2020. As contemplated by the Note Exchange Agreement, approximately $15.1 million in aggregate principal amount of the Notes, including accreted interest, plus call premiums and other fees payable pursuant to the terms of the Notes totaling $2.3 million, were redeemed in exchange for 4,349,497 shares of common stock at a rate of $4 per share.Following completion of the transaction, only $4.5 million aggregate principal amount of the Notes remain outstanding, while shares of common stock outstanding increased to approximately 27.3 million shares. Concurrently with the execution of the Note Exchange Agreement, the remaining noteholders also agreed to extend the maturity of the $4.5 million remaining balance of the Notes until December 31, 2021 and to waive certain financial covenants. Detailed information concerning this transaction is contained in the Company’s Current Report on Form 8-K, as filed with the Securities and Exchange Commission (the “SEC”) on July 6th, 2020.“The note exchange is major milestone for the Company as it immediately improves our cash flow and increases our financial flexibility,” said Eyal Hen, CFO, Rekor. “The transaction has transformed our balance sheet, increased shareholder’s equity and will result in a dramatic reduction in interest expense.”To learn more about Rekor, please visit www.rekor.ai.About Rekor Systems, Inc.Rekor (Nasdaq: REKR) is a Maryland-based company providing real-time roadway intelligence through AI-driven decisions. Rekor bridges commercial and government sectors with actionable, real-time vehicle recognition data to enable faster, better informed decisions with greater 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. 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: http://www.rekor.aiForward-Looking StatementsThis 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, including preliminary information regarding Rekor’s gross revenues. 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 SEC. 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.Media Contacts:
Emily Burdeshaw
REQ For Rekor Systems
[email protected]Investor Contacts:
Charles Degliomini
Rekor Systems, Inc.
[email protected]

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Discovery launches documentary series Being Digi-Sapiens exploring the changing relationship between humans and technology

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July 5, 2024

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Travelling across Europe, the series reveals the personal, societal and environmental benefits of digitalization
DÜSSELDORF, Germany, July 5, 2024 /PRNewswire/ — The first episode of the three-part documentary series “Being Digi-Sapiens” was released today by Warner Bros. Discovery. It features the Swedish inventor, roboticist and YouTuber Simone Giertz as she travels across Europe to see how technology is transforming our daily lives. The series was made with support from Huawei and features a broad range of digital innovations, reaching far beyond the brand’s own products.

The first episode, “Connecting with Ourselves” explores digital technology’s impact on our homes, health and hospitals. After kicking things off in a tech-enhanced fiber-connected home in Bonn, claiming to have one of the “fastest internet connections in Germany”, Simone heads to a state-of-the-art sports and health lab to see first-hand how both professional and amateur athletes are benefiting from cutting-edge data collection. Finally, Simone visits Barcelona’s historical Hospital de la Santa Creu I Sant Pau to get a crash course in how the latest technologies are being harnessed to help patients more effectively.
Warner Bros. Discovery Greater China and South East Asia’s Vice President and Head of Content & Products, Vikram Channa, said “The idea of becoming ‘Digi-Sapiens’ represents the next step in our evolution, where digital technology enhances our natural abilities and expands what we can achieve. The documentary aims to inspire viewers to see the potential in embracing technology thoughtfully and creatively. It’s about highlighting how technology can improve our lives, solve real-world problems, and open up new opportunities.”
In the coming two episodes, Simone will crisscross more European countries to discover how technology is helping us connect with our communities and our environment. 
Smart home in Bonn, GermanyHuawei’s Fiber-to-The-Room (FTTR) Demo House in Bonn allows visitors to experience what life feels like in a world where networks respond at light speed at all times, no matter how much data is being transmitted or where in a building we stand. Simone uses the opportunity to set up an array of video calls with herself.  But her experiment is suddenly interrupted by a digital poltergeist…
Wearable health and fitness tech, in Helsinki, FinlandElite athletes rely heavily on technology to precisely measure and optimize their performance. The results are improved strides and endurance for runners, more efficient swimming strokes, and more balanced weight bearing on both legs while skiing. But it’s not only top athletes who can benefit. At Huawei’s state-of-the-art lab in Helsinki, Simone discovers that her biological age, according to wearable data, is younger than her age in calendar years.  She also tries out running at full speed on a treadmill to find out her lungs’ maximum capacity.
Sant Pau Hospital in Barcelona, SpainSant Pau may be old, but it’s certainly not obsolete. The latest technologies implemented by the hospital help improve treatment for patients. As Simone tours Sant Pau’s Dimension Lab to discover VR applications in medicine, a doctor hands her an exact replica of a human heart made on a 3D printer.  Simone had no idea it was so big…
Since 2020, Huawei has been Sant Pau’s leading strategic partner in state-of-the-art storage systems. Huawei supplied Sant Pau with an all-flash storage solution providing medical staff near-instant access to patient data when needed. The solution features the latest backup, recovery, and anti-ransomware technologies ensuring the highest levels of patient data protection.
To watch the documentary, please visit:UK: https://www.youtube.com/watch?v=fY-BMMmEgBQ&t=15shttps://www.discoveryuk.com/being-digi-sapiens-a-discovery-x-huawei-partnership/Spain: https://www.youtube.com/watch?v=_dwP7mPO5eU&t=18s Italy: https://www.youtube.com/watch?v=8eTbOKiVaYY&t=17s Germany: https://www.youtube.com/watch?v=KIm1Hqx_eK4  France: https://www.youtube.com/watch?v=DGiDZuxr9EM&t=9s 
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BIZCLIK MEDIA LAUNCHES JULY EDITIONS OF TECHNOLOGY, MOBILE AND AI MAGAZINES

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July 5, 2024

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The July editions of Technology, Mobile and AI Magazines include interviews with leading experts and executives from Google Cloud, Virgin Media O2, Genpact and more!
LONDON, July 5, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has published the latest editions of Technology, Mobile and AI Magazines. These publications are highly regarded within the technology and telecommunication sectors for their in-depth reports and interviews with prominent figures in the respective industries.

Technology MagazineThis month’s edition features an exclusive lead interview with Helen Kelisky, Managing Director at Google Cloud UK & Ireland on her perspectives as a female tech leader and the future of cloud and AI.
“Teams become stronger by not only recruiting diverse talent but in challenging the limitations of the team and playing to their unique set of strengths”
The edition also contains extensive interviews with key thought leaders from Genpact, Trane and more, along with the Top 10: Technology Consultants
Mobile MagazineThis month’s edition features an extensive lead interview with Julian Davidge, Director of Technology, Service & Operations at Virgin Media O2 on technological innovation at the telco giant.
“Technology is moving faster and faster as the desire to do something different increases”
The edition also contains extensive interviews with key thought leaders from Schneider Electric, Extreme Networks, AT&T and more. Plus the Top 10 5G Leaders
AI MagazineThis month’s edition features an extensive lead interview with Shibu Nambiar, Global High Tech Business Leader at Genpact, on how AI is transforming operations.
“Ensuring the human element remains central to any kind AI initiative is something I think about every single day”
The edition also contains extensive interviews with key thought leaders from Trane, Roy Hill and more, along with the Top 10: Consulting Companies
You can visit Technology Magazine, Mobile Magazine and AI Magazine for daily news and analysis of the ever-changing technology industry.
About BizClikBizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.
BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.
For more information, please visit https://www.bizclikmedia.com/ 

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ESG Book appoints Justin Fitzpatrick as new CEO

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July 5, 2024

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Fitzpatrick will drive the next phase of ESG Book’s growth as a global leader in sustainability data and technology.
An experienced leader of investor-backed software companies, Fitzpatrick was previously Co-founder of FullCircl, a software provider to over 700 clients and 15,000 end users in regulated industries.ESG Book offers a wide range of sustainability-related data and technology solutions that are used by many of the world’s largest financial institutions.With 200,000 disclosures, ESG Book’s platform provides data and analytics on public securities and the ability to directly request ESG disclosures from private companies.Fitzpatrick’s appointment comes as market demand for ESG and climate data solutions continues to grow, driven by increasing regulation and disclosure requirements worldwide.  LONDON, July 5, 2024 /PRNewswire/ — ESG Book, a global leader in sustainability data and technology, today announced the appointment of Justin Fitzpatrick as the company’s new CEO with immediate effect. He will lead the next phase of ESG Book’s growth, and drive the firm’s market differentiation through next-generation sustainability solutions.

 
 
A highly experienced leader of investor-backed software companies, Fitzpatrick was previously the Co-founder and COO of FullCircl, a software provider to more than 700 clients and 15,000 end users in regulated industries. Prior to that, he was the Co-founder and CEO of DueDil, an award-winning regtech solution, and Co-founder and Non-Executive Director of Innovate Finance, an industry association that has been at the forefront of establishing the UK as a global fintech hub.
ESG Book offers a wide range of sustainability related data and technology solutions that are used by many of the world’s largest financial institutions, consultants, and corporates.
Combining market-leading sustainability and climate data with a SaaS-based platform that provides access to approximately 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based technology offers best-in-class ESG performance management, peer benchmarking, and regulatory compliance solutions.
Fitzpatrick’s appointment as ESG Book’s new CEO comes as market demand for high-quality ESG and climate data products continues to grow, driven by fast-increasing sustainability regulation and disclosure requirements worldwide.  
Nazo Moosa, Advisory Board Member at ESG Book, said: “I am delighted to welcome Justin as ESG Book’s new Chief Executive. He is the ideal candidate to lead the company into a new, successful chapter at a time of a disruptive innovation cycle in sustainable finance. With his deep expertise in scaling and accelerating growth in investor-backed software companies, Justin has the track record to drive ESG Book’s global expansion and deliver its future success as a leader in sustainability data and technology.”
Justin Fitzpatrick, CEO of ESG Book, said: “I am excited to join ESG Book and lead the company into a new phase of growth. This is a business extremely well positioned to meet the fast-growing need for sustainability solutions across capital markets.”
“I look forward to working with the ESG Book team as we continue to expand our partnerships with financial institutions, reduce the friction for corporates in meeting ESG disclosure requirements, and deliver market-leading analytics and tools to help our clients achieve their sustainability goals.”
About ESG Book
ESG Book is a global leader in sustainability data and technology. Combining market-leading sustainability and climate data with an ESG disclosure platform that provides access to almost 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based sustainability dashboard is used by the world’s largest companies and consultants for ESG performance management, peer benchmarking, and regulatory compliance.
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