DoD selects Rekor's vehicle recognition system solution, powered by industry leading OpenALPR software; purchases 200 licenses to turn existing IP cameras into automatic license plate readers
CHANTILLY, VA / ACCESSWIRE / May 28, 2019 / Rekor Systems, Inc. (NASDAQ:REKR) (''Rekor'') announced today it has been selected by the Department of Defense (DoD) to provide automatic license plate recognition (ALPR) solutions. The contract with the DoD is for the purchase of 200 licenses to use Rekor's machine learning-enabled vehicle recognition system, powered by our industry-leading OpenALPR software.
''We are pleased to be selected by the DoD to provide vehicle recognition systems. Our systems are easy to integrate and highly scalable, making them an ideal solution to enhance security and surveillance operations,'' said Robert A. Berman, President and CEO of Rekor. ''Selection by the world's preeminent defense department is a great validation of our technology and one we are proud of. We look forward to working with the DoD to support their important work, and to further showcase the power of our solutions.''
Rekor's OpenALPR software enables automatic license plate and vehicle recognition through virtually any IP camera. Its industry-leading artificial intelligence-based solutions can be hosted locally or in the cloud. Enabled by machine learning from its robust and growing database covering over 60 countries, OpenALPR software can identify in real time vehicle license plate data, color, make, model and body type.
Rather than buying expensive cameras that take weeks or months to ship and install, Rekor's OpenALPR software can be deployed to any existing IP camera immediately. This can represent a potential substantial savings per camera, as well as greater flexibility to expand or decrease usage as needed without large capital expenditures on hardware. It also eliminates the need for two separate cameras, one for LPR functionality and one for general surveillance recording. Rekor's solution can be used to collect license plate data and information such as the make, model, and color of a vehicle using the same camera that provides surveillance monitoring.
''The fact that Rekor's solution can be deployed to any existing IP camera is extremely attractive in the defense sector, particularly where cameras may already be set up for surveillance and the installation of new hardware might prove difficult due to time constraints or location in harsh or remote terrains,'' Berman continued. ''The flexibility of our SaaS model also allows for the easy integration of additional cameras if they are needed in a hurry, rather than having to wait for hardware to be shipped and installed. It provides valuable new capabilities within the defense sector.''
To learn more about Rekor's OpenALPR software, please visit our website.
Rekor Systems, Inc., a Nasdaq-listed ( REKR ) Delaware company, is the parent of Maryland-based Rekor Recognition Systems, Inc. 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 software can turn most IP cameras into highly accurate and affordable vehicle recognition devices. 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.
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, including statements regarding the impact of Rekor's core suite of AI-powered technology and the size of the market for global ALPR systems. 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. 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.
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