COLUMBIA, MD - Rekor Systems, Inc. (NASDAQ:REKR), known for its advanced roadway intelligence technology, has been awarded a five-year contract by Gwinnett County Georgia's Department of Transportation. The contract, valued at around $1M, will focus on collecting data for traffic volume programs, traffic signal timing optimization, and studies encompassing vehicle, bicycle, and pedestrian counts.
This new contract follows the acquisition of All Traffic Data ("ATD"), expanding Rekor's services to include portable traffic study work at the county level, in addition to their established permanent traffic count operations within Georgia. Gwinnett County, an integral part of the Atlanta metropolitan area, covers over 2,650 centerline miles of roadways and is home to nearly a million residents.
Michael Dunbar, Rekor CRO, stated that this contract marks the beginning of a new phase for the company, allowing access to new revenue streams and data sources previously beyond their reach. He emphasized that ATD's expertise complements Rekor's existing business in Georgia and anticipates significant revenue growth as they scale this line of business.
Rekor's expansion in Georgia is part of a broader strategy that has seen the company secure contracts related to urban mobility, public safety, and licensing in various regions, including Philadelphia, Tennessee, and Maryland.
Rekor Systems specializes in AI-enabled computer vision and machine learning to develop state-of-the-art roadway intelligence systems. Their technology aggregates and transforms vast amounts of data into actionable insights, aiming to make roadways safer, greener, and more efficient.
This information is based on a press release statement from Rekor Systems, Inc. The company cautions that forward-looking statements within the press release are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
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