Business
Rekor Announces $2.1 Million Contract Expansion with Texas Department of Transportation
Continues Transformation of Traffic Management in the Austin DistrictCOLUMBIA, MD / ACCESSWIRE / January 4, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor"
About this update from Rekor Systems, Inc.
[{"type":"text","content":"Continues Transformation of Traffic Management in the Austin DistrictCOLUMBIA, MD / ACCESSWIRE / January 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 that its Transportation Management division has expanded collaboration with the Texas Department of Transportation (TxDOT). This contract leverages Rekor's cutting-edge AI-powered traffic management platform, Rekor Command™, to enhance traffic management and safety in the TxDOT Austin District, including Austin and the surrounding areas.The Austin District, which covers a vast geographical area and serves as home to the vibrant population of Austin, the capital city of Texas, is a critical hub of transportation and urban mobility. Rekor's extended presence allows for even more comprehensive data collection and analysis, enhancing roadway management and incident response for this bustling community. This strategic expansion reinforces Rekor's commitment to providing innovative solutions that drive citizen and roadway safety, benefiting the local community and the broader transportation ecosystem.\"We are immensely proud to expand our partnership with TxDOT and support their most critical mission to ensure smoother, more reliable, and safer transportation in the Austin District - a vital transportation hub in Texas,\" said David Desharnais, Rekor President & COO. \"This collaboration is not just about implementing state-of-the-art roadway intelligence technology; it's about fundamentally changing the way traffic flows and enhancing road safety and efficiency, revolutionizing transportation management and urban mobility for the people of Austin and the surrounding areas.\"TxDOT first awarded Rekor a contract in August 2022. This renewal and expansion, worth $2.1 million over a 5-year term, will significantly enhance the features and services Rekor Command provides to ensure smarter, safer, and more efficient transportation for the Austin District.The expansion includes the following features:Introducing the Traffic Impact Feature: Rekor is excited to bring the Traffic Impact feature to Rekor Command™, enhancing the situational awareness for transportation management teams' ability to quickly and efficiently prioritize the most impactful events. Traff...