Rekor Finalizes Sale of Non-Main Company Device

COLUMBIA, MD / ACCESSWIRE / December 8, 2022 / Rekor Devices, Inc. (NASDAQ:REKR) (“Rekor” or the “Business”), a world wide AI engineering corporation with a mission to provide insights that establish safer, smarter, and greener towns by way of clever infrastructure, declared currently the closing of the sale of the Firm’s Automated Website traffic Basic safety Enforcement (“ATSE”) enterprise to Altumint, an sector-major company of automated website traffic legislation enforcement, site visitors checking, and forensic investigations. The sale is the result of the Firm’s beforehand announced strategic shift to prioritizing its core knowledge providers enterprises.

“Rekor has progressed into a information support business, and the sale of our legacy ATSE business enterprise unit is a different milestone towards our transformation into a increased margin technological innovation and computer software-primarily based company with our market-top alternatives at the forefront of our offerings,” reported Robert A. Berman, President, and CEO, Rekor. “We will carry on to consider options to divest our non-core assets and maximize shareholder value although remaining an innovator inside the intelligent infrastructure industry, which is at the epicenter of converging know-how, societal, and economic forces driving disruption in the industry.”

“Our conclusion to divest our ATSE company unit demonstrates our disciplined technique to analyzing and focusing our sources on strategic expansion in roadway details companies, exactly where we are an advantaged participant,” reported Eyal Hen, CFO, Rekor. “We imagine the Company is on a good route in the direction of rising recurring revenue as our technology aggregates, transforms, and analyzes details from multiple sources and provides actionable roadway insights as a support.”

About Rekor Methods, Inc.

Rekor Units, Inc. (NASDAQ:REKR) is a reliable global authority on clever infrastructure offering modern alternatives that generate the entire world to be safer, smarter, and greener. As a service provider of in depth, constant, and genuine-time roadway intelligence, Rekor leverages AI, device studying, and holistic knowledge to guidance the intelligent infrastructure that is necessary for intelligent mobility. With its disruptive technological know-how, the Company provides integrated methods, actionable insights, and predictions that raise roadway basic safety. To study far more, please visit our website:, and follow Rekor on social media on LinkedIn, Twitter, and Facebook.

Forward-Looking Statements

This press release and its one-way links and attachments contain statements about Rekor Devices, Inc. and its long term anticipations, ideas, and prospective clients that constitute “forward-wanting statements” in the that means of Part 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Trade Act of 1934, as amended, like statements regarding the impact of Rekor’s core suite of AI-run technological know-how and the measurement and shape of the world marketplace for ALPR units. These types of forward-wanting statements are created pursuant to the harmless harbor provisions of the Personal Securities Litigation Reform Act of 1995. For this goal, any statements that are not statements of historical simple fact may perhaps be considered to be ahead-hunting statements. In some cases, you can establish ahead-on the lookout statements by conditions these types of as

“may possibly,” “should,” “expects,” “programs,” “anticipates,” “could,” “intends,” “concentrate on,” “projects,” “contemplates,” “thinks,” “estimates,” “predicts,” “possible,” or “continue,” by the detrimental of these phrases or by other comparable expressions. You are cautioned that this sort of statements are subject to lots of risks and uncertainties that could lead to future instances, activities, or final results to differ materially from all those projected in the forward-wanting statements, such as the challenges that actual situations, functions or benefits may well differ materially from these projected in the forward-on the lookout statements, notably as a consequence of numerous threats and other aspects determined in our filings with the Securities and Exchange Fee. All forward-searching statements contained in this press launch talk only as of the day on which they have been made and are dependent on management’s assumptions and estimates as of this kind of date. We do not undertake any obligation to publicly update any forward-searching statements, whether as a outcome of the receipt of new info, the prevalence of future situations, or usually.

Media & Trader Relations Speak to:

Rekor Techniques, Inc.
Charles Degliomini

Supply: Rekor Systems, Inc.

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