• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Rekor Systems Selected for Statewide Texas DOT Contract to Deploy Rekor Command® Platform

    6/3/25 7:30:00 AM ET
    $REKR
    Telecommunications Equipment
    Telecommunications
    Get the next $REKR alert in real time by email

    COLUMBIA, Md., June 03, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced it has been selected for a multi-year statewide contract by the Texas Department of Transportation (TxDOT). The award approves the implementation of Rekor Command®— the Company's advanced incident management and situational awareness platform, to enhance traffic operations, reduce congestion, and improve roadway safety. It includes an eight-figure blanket purchase order that pre-authorizes all TxDOT metropolitan, urban, and rural districts to immediately adopt the technology.

    Texas operates the largest state-maintained roadway network in the United States, with over 80,000 miles of highways. As population growth and traffic volumes accelerate, particularly in six of the ten fastest-growing counties in the nation, TxDOT faces increasing pressure to enhance roadway operations, reduce congestion, and improve safety outcomes. Texas has consistently led the nation in adopting cutting-edge transportation technologies, from smart infrastructure to real-time data systems, making it an ideal state for deploying Rekor's next-generation platform at scale.

    TxDOT Director of Strategy and Innovation Darran Anderson stated, "We look forward to continuing our partnership with Rekor to expand the deployment and use of advanced roadway insights powered by big data and intelligent systems to help address safety and congestion across Texas." 

    Rekor Command® has already demonstrated success in Texas. Initially deployed by the TxDOT Austin District two years ago, the platform underwent an extended, data-driven evaluation that confirmed major operational improvements, including:

    • 159% increase in incident detection
    • 8.4-minute reduction in median incident detection time
    • 83% incident detection accuracy
    • 44-minute reduction in incident clearance time
    • 29% reduction in secondary crashes



    "We are pleased to advance AI for traffic management in collaboration with Rekor and to build on the significant work we have accomplished. We look forward to implementing enhancements to further improve incident response, mobility, and, most importantly, save lives. The application of AI continues to evolve our operational practices with the impactful efficiencies provided by the Rekor platform," said Mike Arellano, TxDOT Austin District Deputy Engineer.

    "The headline here is simple: Rekor was carefully chosen by TxDOT after a rigorous and competitive process because our technology has delivered measurable results," said Paul-Matthew Zamsky, General Manager, Rekor Command®. "This blanket purchase order allows all urban and rural TxDOT districts to deploy Rekor Command® immediately. With Texas operating the largest roadway network in the United States, Rekor Command® brings scalable, real-time roadway intelligence that integrates seamlessly with virtually any Advanced Traffic Management System (ATMS) nationally and worldwide."

    Rekor Command® unifies disparate data sources into a single, AI-powered platform that enhances situational awareness, supports faster decision-making, and improves resource allocation. Replacing an array of diverse and fragmented tools with a single platform that delivers real-time insights and powerful decision support enables transportation agencies to proactively manage roads, allocate resources efficiently, and respond faster to incidents.

    Under this expanded contract, TxDOT will also deploy several new features, including:

    • Traffic Impact Module – A first-of-its-kind decision support tool that uses AI to assess and visualize how incidents affect traffic flow in real-time and provide real-time insights to operators for proactive and strategic operations, faster response times, and improved traffic safety, ultimately enhancing overall network performance.
    • Work Zone API – Enhances safety by delivering accurate, real-time insights into work zone activity, improving visibility for TxDOT operators and the public. The platform also integrates with the USDOT FHWA's Work Zone Data Exchange (WZDx), enabling standardized, open data sharing across local and national systems to support broader safety and mobility goals. By making critical work zone information more accessible and actionable, the platform supports safer construction zones, enhances roadway travel time reliability, and strengthens agency coordination.

    Rekor Command® will also continue to serve as the data backbone for TxDOT's Construction Partnership Program (CPP), a foundational data layer for improving regional collaboration, public communication, and traffic management. With this statewide expansion, Rekor's role within the CPP will grow to support additional objectives, most notably by powering the CTX-GO mobile application. Built on real-time data streams from the Rekor platform, CTX-GO delivers timely, unified information to travelers, contractors, and public agencies, ensuring enhanced situational awareness and seamless coordination across Texas's growing infrastructure network.

    This contract reinforces Rekor's growing role as a trusted partner to large-scale transportation agencies. As Texas modernizes its infrastructure, Rekor Command® will help drive smarter, safer, and more resilient roadways across the state.

    Learn more about the work being done in TxDOT and hear from Mike Arellano, Austin District Deputy District Engineer, and Anh Selissen, TxDOT's Chief Information Officer, as they explain how the platform has revolutionized their approach to real-time traffic incident detection and response. Click here to watch the video and see how Rekor's AI-driven technology makes Texas roadways safer and more efficient.

    About Rekor Systems, Inc.

    Rekor Systems, Inc. (NASDAQ:REKR) is a trusted global authority in developing and delivering roadway intelligence utilizing state-of-the-art AI and machine learning. Pioneering the implementation of digital infrastructure in our communities, Rekor is redefining infrastructure by collecting, connecting, and organizing the ' 'world's mobility data — laying the foundation for a digital-enabled operating system for the road. With our Rekor One® Roadway Intelligence Engine at the foundation of our technology, we aggregate and transform trillions of data points into intelligence through proprietary computer vision, machine learning, and big data analytics that power our platforms and applications. Our solutions provide actionable insights that give governments and businesses a comprehensive picture of roadways while providing a collaborative environment that drives the world to be safer, greener, and more efficient. To learn more, please visit our website: https://rekor.ai, and follow Rekor on social media on LinkedIn, X (formerly Twitter), Threads and Facebook.

    Forward-Looking Statements

    This press release and its links and attachments contain 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 and shape of the global market for 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.

    Media & Investor Relations Contact:

    Rekor Systems, Inc.

    Charles Degliomini

    [email protected]



    Primary Logo

    Get the next $REKR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $REKR

    DatePrice TargetRatingAnalyst
    3/4/2024Outperform
    William Blair
    More analyst ratings

    $REKR
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Executive Officer Desharnais David Philip bought $9,975 worth of shares (7,500 units at $1.33), increasing direct ownership by 2% to 362,861 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      8/19/24 5:16:16 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Large owner Arctis Global Llc bought $3,185,000 worth of shares (2,275,000 units at $1.40), increasing direct ownership by 23% to 12,312,491 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      7/8/24 12:24:34 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Chief Executive Officer Desharnais David Philip bought $7,300 worth of shares (5,000 units at $1.46), increasing direct ownership by 1% to 355,361 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      6/18/24 5:04:17 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Rekor Systems Inc.

      SC 13G/A - Rekor Systems, Inc. (0001697851) (Subject)

      11/14/24 5:18:42 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • SEC Form SC 13G filed by Rekor Systems Inc.

      SC 13G - Rekor Systems, Inc. (0001697851) (Subject)

      2/14/24 3:51:12 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • SEC Form SC 13G/A filed by Rekor Systems Inc. (Amendment)

      SC 13G/A - Rekor Systems, Inc. (0001697851) (Subject)

      2/14/24 10:33:23 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Financials

    Live finance-specific insights

    See more
    • Rekor Systems Reports First Quarter 2025 Financial Results

      Gross Revenue: Quarterly gross revenue of $9.2 million, representing a 6% decrease from $9.8 million in 2024.Improved Adjusted EBITDA: Substantially narrowed Adjusted EBITDA loss from $9.4 million in Q1 2024 to $7.4 million in Q1 2025, underscoring enhanced operational efficiency. COLUMBIA, Md., May 14, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a global leader in roadway intelligence, today announced its financial results for the first quarter that ended March 31, 2025. "While our first quarter revenues showed a modest regression to $9.2 million due to various factors, our focus on operational efficiency has delivered considerable progress, reflected in a significant im

      5/14/25 4:05:00 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Systems to Announce First Quarter Fiscal 2025 Results

      COLUMBIA, Md., April 23, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor "or the" Company "), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it will release its financial results for the first quarter of 2025 on Wednesday, May 14, 2025, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results. CONFERENCE CALL INFORMATION Any person interested in participating in the call should please dial in approximately 10 minutes before the start of the call using the following information: North America: Participant Di

      4/23/25 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Systems Reports Strong 2024 Financial Results Highlighted by Record Revenue and Significant Operational Improvements

      Record Gross Revenue: Achieved record annual gross revenue of $46.0 million, representing a 32% increase from $34.9 million in 2023.Fourth Quarter Results: Gross revenue reached an all-time quarterly high of $13.3 million in Q4 2024, marking a 20% increase compared to Q4 2023.Improved Adjusted EBITDA: Substantially narrowed Adjusted EBITDA loss from $6.7 million in Q4 2023 to $4.7 million in Q4 2024, underscoring enhanced operational efficiency. COLUMBIA, Md., March 31, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a global leader in roadway intelligence, today announced its financial results for the fiscal year that ended December 31, 2024. Throughout 2024, Rekor demonstrat

      3/31/25 4:05:13 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    SEC Filings

    See more
    • Rekor Systems Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

      8-K - Rekor Systems, Inc. (0001697851) (Filer)

      6/6/25 7:35:20 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Systems Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

      8-K - Rekor Systems, Inc. (0001697851) (Filer)

      6/3/25 7:35:24 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Systems Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - Rekor Systems, Inc. (0001697851) (Filer)

      5/16/25 4:48:54 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Leadership Updates

    Live Leadership Updates

    See more

    $REKR
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Rekor Systems Strengthens Leadership with Industry Expert Rish Malhotra as Executive Vice President of Global Strategic Growth

      Respected ITS Industry Veteran to Drive Channel Expansion in North America and Global Markets COLUMBIA, MD / ACCESSWIRE / September 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the appointment of Rish Malhotra as Executive Vice President of Global Strategic Growth. With over 20 years of international management experience in the Intelligent Transportation Solutions (ITS) sector, Mr. Malhotra will drive Rekor's strategic growth initiatives, opening new routes to market for its AI-powered transportation and traffic solutions. His leadership will be pivotal in expanding market opportunities

      9/3/24 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Anne Townsend Joins Rekor Systems Board, Strengthening Cybersecurity Oversight

      COLUMBIA, MD / ACCESSWIRE / March 4, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the addition of Anne Townsend to its Board of Directors ("Board") and her appointment as a member of the Board's Technology and Social Responsibility Committee. With a distinguished career spanning over two decades, Townsend brings unparalleled expertise in cybersecurity, smart cities, and urban transportation management to the Rekor Systems board of directors.As a Senior Principal Cybersecurity Engineer at The MITRE Corporation, Townsend has been at the forefront of cybersecurity an

      3/4/24 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Appoints David Desharnais as President and Chief Operating Officer

      COLUMBIA, MD / ACCESSWIRE / September 28, 2022 / Rekor Systems, Inc., (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide data-driven insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, today announced that effective September 30, 2022, Rodney Hillman, Chief Operating Officer, will be leaving Rekor to pursue other ventures. The Company's current President, David Desharnais, will succeed Hillman in an expanded role as President and Chief Operating Officer."I wish to express my deep appreciation to Rod for his many years of service to our company," said Robert A. Berman CEO and Chair,

      9/28/22 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Sun Belt State Transportation Agency to Deploy 150 Rekor Discover® Systems Under Rekor's Data-as-a-Service Model

      COLUMBIA, Md., June 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) (the "Company), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced a transformative deployment with a Sun Belt state transportation agency. As part of a new state initiative to upgrade its planning and operations capabilities, Rekor will deploy 150 Rekor Discover® systems under a one-year Data-as-a-Service contract valued at $1.2 million. The Company expects all 150 systems to be installed within 60 days. The program will enable the agency to use Rekor's Roadway Data-as-a-Service model to modernize traffic data collection and monitoring. The Rekor Disco

      6/6/25 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Systems Selected for Statewide Texas DOT Contract to Deploy Rekor Command® Platform

      COLUMBIA, Md., June 03, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced it has been selected for a multi-year statewide contract by the Texas Department of Transportation (TxDOT). The award approves the implementation of Rekor Command®— the Company's advanced incident management and situational awareness platform, to enhance traffic operations, reduce congestion, and improve roadway safety. It includes an eight-figure blanket purchase order that pre-authorizes all TxDOT metropolitan, urban, and rural districts to immediately adopt the technology. Texas ope

      6/3/25 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Systems Reports First Quarter 2025 Financial Results

      Gross Revenue: Quarterly gross revenue of $9.2 million, representing a 6% decrease from $9.8 million in 2024.Improved Adjusted EBITDA: Substantially narrowed Adjusted EBITDA loss from $9.4 million in Q1 2024 to $7.4 million in Q1 2025, underscoring enhanced operational efficiency. COLUMBIA, Md., May 14, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a global leader in roadway intelligence, today announced its financial results for the first quarter that ended March 31, 2025. "While our first quarter revenues showed a modest regression to $9.2 million due to various factors, our focus on operational efficiency has delivered considerable progress, reflected in a significant im

      5/14/25 4:05:00 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • William Blair initiated coverage on Rekor Systems

      William Blair initiated coverage of Rekor Systems with a rating of Outperform

      3/4/24 8:41:52 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Lake Street Capital initiated coverage on Rekor Systems

      Lake Street Capital initiated coverage of Rekor Systems with a rating of Buy

      3/1/21 11:31:53 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • B. Riley resumed coverage on Rekor Systems with a new price target

      B. Riley resumed coverage of Rekor Systems with a rating of Buy and set a new price target of $26.00 from $21.50 previously

      2/12/21 8:22:13 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Chief Revenue Officer Dunbar Michael David

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      4/11/25 5:02:58 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Chief Revenue Officer Dunbar Michael David covered exercise/tax liability with 24,212 shares, decreasing direct ownership by 11% to 198,845 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      4/3/25 5:05:28 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • CFO Hen Eyal covered exercise/tax liability with 36,164 shares, decreasing direct ownership by 11% to 306,461 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      4/2/25 9:59:00 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications