7th Largest Police Department in New York State Joins Rekor Public Safety Network; Signs 5-Year Agreement to Turn Existing Traffic and Surveillance Cameras into Robust AI-Powered Vehicle Recognition Systems
COLUMBIA, MD / ACCESSWIRE / May 6, 2020 / Rekor Systems, Inc, (NASDAQ:REKR) ("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that the New Rochelle Police Department ("the Department") has entered into a five-year, $225,000 subscription agreement for the Company's Watchman vehicle recognition software. The New Rochelle Police Department is the 7th largest in the state of New York and serves more than 78,000 citizens.
The Department will employ Watchman software, which instantly turns existing IP cameras into high-powered vehicle recognition systems, for 50 existing security and traffic cameras. Additionally, it will add two Edge cameras and two mobile cameras. The Department has also purchased the Rekor Hub. Built for demanding conditions and high volume, the Rekor Hub eliminates the need to purchase a server or PC for local processing and is an all-in-one vehicle recognition processing solution, pre-loaded and configured with Rekor Watchman software.
"We are pleased to add the New Rochelle Police Department to our growing list of law enforcement customers and to further expand the Rekor Public Safety Network throughout the state of New York," said Robert Berman, CEO, Rekor. "The simple integration of our robust software can turn any existing traffic or security camera into a powerful vehicle recognition system - without loss of its original function - making our solution cost-effective for law enforcement searching for an ALPR solution that also provides make, model and color identification, without the addition of prohibitively expensive hardware."
As part of its subscription, and at no additional cost, the New Rochelle Police Department will be joining the Rekor Public Safety Network ("RPSN"). Any state or local law enforcement agency participating in the RPSN will be able to access real-time data from any part of the network at no cost. The Company is initially launching the network by aggregating vehicle data from customers in over 30 states. With thousands of automatic license plate recognition cameras currently in service that capture approximately 30 million plate reads per week, the network is expected to be live in 2020. New Rochelle is the 11th New York State police department to become part of the RPSN, following Rotterdam Police Department who joined in September 2019.
Rather than buying expensive new cameras that take weeks or months to ship and install, Rekor's software can be deployed to support existing traffic or surveillance cameras immediately. It eliminates the need for two separate cameras - one for vehicle recognition functionality, one for general surveillance recording - as Rekor's solution can be used to collect license plate data and information such as the make, type, and color of a vehicle using the same camera that provides surveillance monitoring. This can represent a savings of tens of thousands of dollars per camera, as well as greater flexibility to expand or decrease usage as needed without large capital expenditures on hardware.
"We pride ourselves on being at the forefront of innovation and utilizing cutting-edge technologies to help keep our officers and community safe. The integration of Rekor's Watchman software will provide our officers with further resources to solve crime and ensure the safety of our residents," said Joseph F. Schaller, Police Commissioner of the New Rochelle Police Department. "We look forward to working with Rekor to create a safer community in New Rochelle and throughout New York State as part of the Rekor Public Safety Network."
To learn more about Rekor's vehicle recognition software, please visit our website.
About Rekor Systems, Inc.
Rekor (NASDAQ:REKR) is a Maryland-based company providing real-time roadway intelligence through AI-driven decisions. Rekor bridges commercial and government sectors with actionable, real-time vehicle recognition data to enable informed decisions faster, and with greater outcomes. 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. We use the power of artificial intelligence to analyze video streams and transform them into AI-driven decisions by our clients. 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. We make what was once considered impossible, possible. To learn more please visit our website: https://rekor.ai.
This 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. 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.
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