COLUMBIA, Md., Sept. 09, 2020 (GLOBE NEWSWIRE) — Rekor Systems, Inc., (REKR) (“Rekor”) (the “Company”) a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced Rekor Go, a mobile application that will bring the power of accurate Automatic License Plate Recognition (APLR) to commercial users in a broad array of markets later this fall.
The app will improve the accuracy and efficiency of many business operations by enabling a cell phone camera to be used as a handheld ALPR tool, capturing images and recognizing license plates and vehicles. The app processes both still photos and streaming video and permits both stationary users and users in motion to capture and identify plates. The app will be added to Rekor’s ecommerce platform which currently has a suite of four products with customers in 56 countries.
Rekor Go analyzes still images and video in real-time, comparing identified plates to those on user-uploaded lists and issuing an alert when a plate of interest is detected. The application comes with an optional companion site that allows users to bulk upload “whitelists” and “blacklists” for permitted or not-permitted license plates into the system, as well as download reports.
“Rekor Go is the most advanced application of its kind, bringing our industry leading vehicle recognition capabilities into the hands of many businesses and organizations that can use it strategically to further their opportunities,” said Robert Berman, president and CEO, Rekor. “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. Making this technology accessible and affordable for such a side array of businesses and organizations sets Rekor apart.”
Other anticipated use cases include, but are not limited to: alerting campus safety officers to prohibited vehicles entering campus, identifying recently fired employees or non-custodial parents; notifying event staff of a VIP arrival; validating vehicles that are parked in restricted access lots and many, many more.
Available to both iOS and Android users, Rekor Go is expected to be available for purchase and download in late October. The affordable monthly subscription price of the application includes access to the companion site, and cloud data and image storage for 30 days.
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.
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.
REQ for Rekor Systems
Rekor Systems, Inc.
A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/3e1d94af-523c-4e7c-a973-4900e089ac61