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Rekor Systems Announces Early Deployments with Caltrans and Texas DOT for Rekor Discover ®, Signaling Scalable Statewide Opportunities [Yahoo! Finance]

Rekor Systems, Inc. (REKR) 
Company Research Source: Yahoo! Finance
leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that the California Department of Transportation (CalTrans) and the Texas Department of Transportation (TxDOT), two of the largest transportation agencies in the United States, are now actively using Rekor Discover® through initial installations that pave the way for wider deployment. These deployments follow the recent announcement that the Company has secured its largest state contract with the Georgia DOT , which has the potential to generate a total contract value of over $100 million. Georgia DOT's award highlights the valuable role Rekor's Discover® has played as part of the Data-as-a-Service (DaaS) model it has pioneered with Georgia DOT over the past decade and confirms its ability to meet the increasingly rigorous demand for modern, non-intrusive traffic data that is reliable, scalable, and fully compliant with federal reporting standards. Rekor Discover® provides agencie Show less Read more
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