Rekor Raises $75 Million, Now $600+ Million Valuation

*** ******* ** **** ***** ** IPVM ******* *** ******* ******** ************** *** ******* ** *** ****** for * **** ******, **** ********* future.

** ***** **** *****'* ********** ** better ********** **** ***** ***** *** and **** ***** *** ******* *** face.

** **** ******, **** ********:

• ***** **********
• ******* *****
• *** ****** ************* (********** *. **********)
• **** **********
• **** *&* ********
• $**+ ******* **** *** ********* *** M&A
• ***********

Rekor **********

*****, ******** ***** ** ******, ****************** ***** ****.

********* ********'* ***********, ****** ***** ** reorganize *** ********, ***** ********** *** both * ********** ******* *** ************ services *******. *** ********** ******* ********* of ******** ******* ******, ***** ***** traffic *******, ***, ***** ***** ****, OpenALPR. *** ************ ******** ******* ********* of * ****** ** ************ **** provided ******** *** ********** ******** ** the ******* ********** *** *** *********/******** industries. **** ************** ***** ** ***** the *******'* ********* ** *** ********** segment ********** ** ********* *** ** its ************ ******** ************. ** ******* this ***** ** ******** ** ***** on **** *** ********** *******, ****** changed *** **** ** ***** ******* in **** ***** ****.

*** ******* ***** ***** *** ******** of ******/*****'* ************ *** *******:

** ** **** **, ****, ***** had **** *** *** ** ***"***-**** ***** ************", ********* *** ** *** ****** in *** ************ ******** *******. ***, Rekor's ********* ***** ** ******** *** all **** ******** ******* ****** *** OpenALPR. *******, *****'* ******* **** ******** Traffic ****** ** *******, ***** **** IPVM.

AI / ******* *****

*****'********* ***************** ****** "** ********** ************ '**' software *** ******** ******** **** ******** video ********* *** ****-**** ******** ******* solutions" ************ ******* ** *** "************ of ***, ***** ******, *** *********** Roadways."

*****'* ******** ******* ** *********** ***, * ****** ******** **** ********** roadway ************, ********** ************** ** ****** to *******-********** *********.****** ******, *****'* ***, ******* *** ***** One's ******* ********* ** * ****** system *** ***** ** ***** *********** and ***** *********** ** *** ***.

******** ***** ** **** ***** *** OpenALPR, ****** ******** ** **** **** Rekor ** ** "** ***, *****, or **** ** *** *******." ***** has "****** ** ***** ******* ** roadways", ** ***** ** ** *******-******* as * ****** ** ****** ********, it **** ****** ********* ********* **** could ******* ***********, *****, ** ********.

******** ***** *** ******* **** ********* in *** ***** ***** ******* ** is "***-******* *****," ***** ********** ********** that *** ********** *** ******* **** "goes ****** ******* ***********". **** ** the ***** **** ** *****'* ********** are ****** *****, ********* ********** ******* emissions **** *** ********* **** ************** (e.g. **** *** ********** ****** ***** detected ********):

Commercial / ********** *************

*****'* *** *** ******* *** ********** and ********** *******, ************* ** *** current**** (********* ******* *********** *******) ******* in ********************** **** ************ ******** ****-**** *****-******* **********.

***** ******* ********* **** ******** **** other ******, **** ** *****, *******, and *********, ** ******** ******* ** hundreds ** ******** ** ******* ** successful, ************ ** ***** ** *** uninsured ******** ******* *** ******. ***** noted **** "******** **** **** ** successful ** ***** ****** ***** ** significant ******* *** ****** ** ********* vehicles ** **** *****." ********* ** Rekor, *** ******* ******* ~*/* ** the ********* *** ($**) ** *** Oklahoma ******. ***** ********* ***** *** 600,000 ********* ******** ** ********, ******* this ******* ***** ******** ******** ** dollars ** *******. *******, ** ** unclear *** **** ******** *** ** 600,000 ***** ******* **** ******** ******* and *** **** ***. ***** *** larger ******, **** ******* **** *.* million ********, **** ***** **** ** big ********* ******** *** *****.

** *** ********** ******, ***** **** described ** **** *** ****** *********** with ********** ** "******** *****-******* ************" by ***** ******* *********** ** ***** personalized **** ******* ********* ** *** customer's ********** ********** ******. **** ****** piloted ** ****** ***** ******* ** October ****.

****** **** ** ** "**** ** say" ***** *** ****** **** ** more *********** ** ***** ** *** future ** *****'* ****** ** ****** market ***** ************* ****** ********* ** demand ** *** ************ ** *** infrastructure *****.

No ****** ***********

***** ********* ** **** **** ** does *** ***** ****** *********** *** has ** ***** ** ***** *** controversial **********.

2020 ********** ********

*****, ** *** **** *********, ******** $*.* ******* ** ******* for **-** ****, ***** *** ******* surpassed *** $*.* ***** ******* *** all ** ****. ** ** ** 2020 ***** ********* ** **** ** the **** ** *** ******* **-** 2019 ** *** **** ****** ** 2020, **** ***** *** *** **** revenue ** ~$*.* *******, * *** growth ** **+%.

*****'* ******* ******** $* ******* **** annual ********* ************* *** ** *********** by ************* ******** (*.*. ****, *******), software ******** *** ************* ***, *** hardware *****.

*******, ** ********, ****** **** ***** will ******** ** ***** ** *** analytics *** ******** **** ** ******** is **** "* ***** ** ** end" *** *****. *** ******** ******* that ***** **** ***** *** **** made "*** ** *********" ******* ***** felt ********** ********* ** *** ****** did *** **** ********** ********** *****.

*****'* ****** ********* ***** *** *** next *-* ***** ********* * *****-**** revenue ** $*-** ******* *** *******, which ***** ***** **** ** **** its ******* ******* * ***** ** hit. ***** ******* *** *****-**** *******, Rekor ******* ******* ** ******** ** grow ** **+% ***********. ******* ***** will ** **** ** ********** **** target ******* ** ** ****.

High *&* ***** ****** ****

***** *** **** *&* ***** ** a ********** ** ***** ********, ***** is ********. *&* ******** *** **% of *** ******** ** *** **** few ***** (*** *****'************ ****). **** ********* ********* ***** * higher ********** ** ***** *** ******* and *&* ********, ******* *&* ******** the ******** ********. ***** *****'* *&* expenses *** ********* ** * ********** of *** ********, *&* ******* ********** remains ****.

***** ********* ** **** ****** **** the ******* ** ***** ** *** early ****** ** *********** *** **** it ********* *** ******* ****** ** being * ****** *******:

***** ** ** *** ***** ***** of ***********, ** ** ****'* *** a ****** *** ** ********* **********. Once *** ******* **********, ******* **** grow, *** **&* ******** **** ********. Compared ** ***** *********, **** ** them **** *** ** **** *** 3 ************ *** ****** *** ******** of ****. ** **** **** * few ******* ******* ** ****** ******* expenses, **** ** ****** ** ***** D&O ********* *** ****** * **** department.

Rekor ****** $** ******* ***, $**+ ******* **** ** ****

***** *** ****** *** **** $** million ** **** ** ****, ***** enables ** ** ****** ************ ** and **** ** ******* ******* ** acquire. ** ***** ******** ****, *********** $**.* *********** *** ****** ******** ** ****** stock, ** ***** ***** ****** ~$** million ***** ********* ************ *****. ****** this ********, ***** ******* *** ~$**.* million ** ****, ** * ****** of ******* ~$** ******* ** ******* common ***** ** ********* ****.

M&A *************

***** ** ******** ******* *** *&* opportunities, **** * *** ******* ***** on *********** ************** *********. ********* ** particular ******** ***** ** ***** **** a "******, ******** ******** ****" *** "underwhelming **********," ***** **** ****. ******* its ************, ***** **** ****** "******* to ****** *** *********** ******* ******."

***********

**** **** *** ***** ** *** ITS / ******* ************ ****** ** our ******** **** ** *******.

**** *****, ** ***** *** ********* are *******:

***** ******,*** ****** $** ******* ** ****, ** *** **** ****** **********. The ******* ******* **** ******** ******* / ******* ***** ***********. *******, ***** has ******* ** ***** ********* ***, in ********** ************ / ********* ********. Nonetheless, *** *** **** ****** ********* are ****** ** ************ ******* ** they **** ****** ** ****** * wider ***** ** ******* *********** *************.

********,******** ** ******** *** $*** ******* in ****, ** * ******** ******* ***** provider, ********* ~$*** ******* ******* ** 2019. ****** ***** *** *****, ******** has ***** ***** ******** **** *** past ~** *****, ********* **** * substantial **** *****. ***, ** **** of * ********, ******** *** *** own ****-****** ***** **** *** *********** existing ********** ********* **** ******** **** to **** ******** ****.

*******

*** ***** ***, ***** *** * penny ***** **** * ************ ******. Now, *** ******* *** ****** $*** million ** **** *** ******** ** expand **** *** ******* ***** ********* market. *** **** ***** *** **** and ******* ** *** ***** ** ultimately ***** *** $***+ ******* ** is ********* ****** ** ******* ** be ****, *** **** **** *** resources ** **** * ******* *** in **** ******.

Poll / ****