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Media Contacts:Emily BurdeshawREQ For Rekor Systemsrekor@req.co, Investor Contacts: Charles Degliomini Rekor Systems, Inc.ir@rekor.ai, Pennsylvania District Attorney's Office Signs Rekor to Provide Vehicle Recognition Across Agencies. In more than 70 countries worldwide, Rekor is providing actionable, real-time insights to improve the way industries handle customer experience, operational efficiencies, public safety, and roadway intelligence. 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. Pennsylvania District Attorney's Office Signs Rekor to Provide Vehicle Recogn.. Tennessee Police Department Selects Rekor to Improve Community Safety, Rekor Announces Revolutionary New Roadway Intelligence Platform, Chairman, President & Chief Executive Officer. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. Forward-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 statements regarding the impact of Rekor's core suite of AI-powered technology and the size of the market for global ALPR systems. Rekor has sold TeamGlobal to current members of the TeamGlobal management team for approximately $4M in cash and secured notes. Last year the Company announced that it would take steps to divest itself of the assets in its professional services segment as it moves ahead with its business strategy to focus on providing its vehicle recognition solutions for the public safety, smart cities and customer service markets. Rekor Systems, Inc., through its subsidiaries, provides vehicle identification and management systems based on artificial intelligence in the United States, Canada, and internationally. Our technology empowers prominent businesses, cities, and departments to effectively deal with evolving needs. 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. Rekor provides businesses and property managers with actionable, real-time data to enable informed decisions and automate operations. To learn more please visit our website: http://www.rekor.ai. Rekor has sold TeamGlobal to current members of the TeamGlobal management team for approximately $4M in cash and secured notes. Oops! Municipalities and communities become smarter and more efficient while deterring and solving crimes. COLUMBIA, Md., June 30, 2020 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor") (the “Company”), a Maryland-based company providing real-time roadway intelligence through artificial intelligence (“AI”) driven decisions, announced today that it has divested its TeamGlobal subsidiary, as a final step in its announced change in strategic direction. The Company’s Board of Directors announced last year that it was planning to sell subsidiaries that are no longer core to the strategic direction of the Company. Rekor’s stock is followed by B. Riley and was recently added to the Russell Microcap Index®. “Given our current strategic direction, the Board determined that divestiture of our last non-core asset at this price was a logical step in maximizing shareholder value and fully focusing on our plan to expand growth in our core markets.”. With a client-base that includes the United States Department of Defense, Swedish Customs, major metropolitan cities, local law enforcement agencies, and more, Rekor's real-time intelligence helps municipalities and communities become smarter and more efficient while deterring and solving crimes. Rekor Systems, Inc. is positioned firmly in the DMV area at the intersection between private business and government operations. We use the power of artificial intelligence to analyze video streams and transform them into AI-driven decisions. Rekor's AI-driven vehicle recognition allows retailers to conduct safe and efficient contactless transactions. Rekor recently announced a new contract with the Department of Defense for additional licenses for its vehicle recognition software to use with DOD’s existing cameras. “Given our current strategic direction, the Board determined that divestiture of our last non-core asset at this price was a logical step in maximizing shareholder value and fully focusing on our plan to expand growth in our core markets.”. Rekor's AI-driven technology allows retailers to conduct efficient contactless transactions and leverage customized dashboards for real-time customer insights. Agencies can derive actionable insights from a single source with the Rekor One platform and effectively fulfill their missions. Oops! We make what was once considered impossible, possible. Â, “This transaction marks the completion of a major milestone in our transition to a pure technology centric company. The sale of TeamGlobal removes the last remaining asset from the Company’s professional services segment. Rekor’s stock is followed by B. Riley and was recently added to the Russell Microcap Index®. 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. Rekor Systems, Inc. (REKR) ("Rekor") ("Company"), a Nasdaq company focused on bringing smarter, faster, cost-competitive solutions to the worlds of smart cities, public safety and customer experience, acknowledged today it has received an offer of $4M to purchase its subsidiary AOC Key Solutions. Sign up with just a credit card and a click! On April 6, 2020, the Company announced the completion of the sale of its former subsidiary, AOC Key Solutions. Rekor Systems, Inc. (REKR) ("Rekor") ("Company"), a Nasdaq company focused on bringing smarter, faster, cost-competitive solutions to the worlds of smart cities, public safety and customer experience, announced today it has sold its wholly owned subsidiary AOC Key Solutions, Inc ("AOC Key Solutions"). Last year the Company announced that it would take steps to divest itself of the assets in its … Rekor’s technology is deployed and operates in more than 70 countries on over 8,600 lanes of traffic. Dauphin County, PA, District Attorney’s Office has chosen Rekor to provide vehicle recognition services to support five different law enforcement jurisdictions. Rekor has proven success delivering innovative technology to global clients in the government and commercial sectors to enable faster and more informed decisions. Rekor's AI-driven technology allows retailers to conduct efficient contactless transactions and leverage customized dashboards for real-time customer insights. TeamGlobal is a premier national staffing firm that provides skilled technical professionals and maintenance and modification specialists to the aerospace and aviation maintenance industries. … Rekor is powering the technology behind some of the most influential agencies and businesses today. Current members of AOC Key Solutions management will purchase the company for $4 million. Frictionless and contactless transactions, Identify unusual patterns and receive alerts, Law enforcement license plate & vehicle recognition, Unsafe speed & hazardous object detection, Vehicle emissions and tonnage calculations. Since announcing the change in its strategic direction, the Company has concentrated on its technology segment, working to increase sales and further develop its line of AI-driven products and services. TeamGlobal is a premier national staffing firm that provides skilled technical professionals and maintenance and modification specialists to the aerospace and aviation maintenance industries. Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor") (the “Company”), a Maryland-based company providing real-time roadway intelligence through artificial intelligence (“AI”) driven decisions, announced today that it has divested its TeamGlobal subsidiary, as a final step in its announced change in strategic direction. Retailers can conduct efficient contactless transactions and leverage customized dashboards for real-time customer insights. September 17, … 70+ Countries Served. It also announced a joint venture with Cygnet Infotech to automate parking enforcement. Rekor One™ is a new platform that will serve as a unifying source of roadway intelligence for government agencies across cities, counties and states. Since announcing the change in its strategic direction, the Company has concentrated on its technology segment, working to increase sales and further develop its line of AI-driven products and services. Cities, counties and state agencies can derive actionable insights from a single source with the Rekor One platform and effectively fulfill their missions. Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor") (the “Company”), a Maryland-based company providing real-time roadway intelligence through artificial intelligence (“AI”) driven decisions, announced today that it has divested its TeamGlobal subsidiary, as a final step in its announced change in strategic direction. Rekor Systems Completes Major Debt Retirement Rekor is now substantially debt-free following the retirement of approximately $4.9 million in debt. Customized dashboards provide real-time customer insights to help drive personalized experiences and make businesses more profitable. The redesigned OpenALPR.com sales channel gives quick access to both hardware and software vehicle intelligence solutions that enhance operations, automate tasks, and increase community safety. Your submission has been received! Last year the Company announced that it … Sign up with just a credit card and a click! Rekor is driven to provide faster, real-time intelligence to enable informed decisions with greater outcomes. 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. Dauphin County, PA, District Attorney’s Office has chosen Rekor to provide vehicle recognition services to support five different law enforcement jurisdictions. This marks the end of a year-long strategy to sell lower margin assets and focus on Rekor’s core technology segment. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support In addition, the Company is developing further product and service expansions for the public safety, transportation, customer service and residential markets worldwide. The redesigned OpenALPR.com sales channel gives quick access to both hardware and software vehicle intelligence solutions that enhance operations, automate tasks, and increase community safety.

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