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: https://rekor.ai, and follow Rekor on social media on LinkedIn, Twitter, and Facebook.
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