Rekor Systems Inc (REKR)

[RC78]

from the 11/15 pr........

The anticipated acquisition comes during a period of tremendous growth for OpenALPR, an internationally recognized leading provider of license place reader (LPR) software used by both law enforcement and commercial clients. OpenALPR's proprietary AI-
powered LPR solution is currently running on over 3,000 cameras,
capturing millions of license plates per day, that are operated by more than 400 clients, including several Fortune 100 companies


from the 1/21 pr........

BOSTON, MA / ACCESSWIRE / January 22, 2019 / OpenALPR Technology, Inc., a company that develops software for automatic license plate and vehicle recognition systems, announced that paid contracts for its artificial intelligence-based LPR solutions now cover over 9,200 cameras as the company achieved further penetration of the global vehicle recognition system market which is expected to reach $4.25B by 2023. This represents more than a 2,960% increase, from approximately 300 licensed cameras at the end of 2016, the year in which OpenALPR initiated sales.

The company now has an active sales footprint internationally with customers in more than 70 countries signing agreements for the use of its products and services in Europe, South America, Asia, and Mexico, while continuing to expand its customer-base within the United States after entering into a managed services agreement with Novume Solutions, which also executed a definitive agreement in November of 2018 to acquire OpenALPR


Proper Previous Planning Prevents Pi$$ Poor Performance..

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