Business
Rekor Systems Announces Nomination of Professor Sanjay Sarma and Tim Davenport As New Board Directors
Distinguished nominees will bring important subject matter and analytical expertise in urban mobility and finance to the BoardCOLUMBIA, MD / ACCESSWIRE / July
About this update from Rekor Systems, Inc.
[{"type":"text","content":"Distinguished nominees will bring important subject matter and analytical expertise in urban mobility and finance to the BoardCOLUMBIA, MD / ACCESSWIRE / July 27, 2023 / Rekor Systems, Inc. (NASDAQ:REKR) (\"Rekor\" or the \"Company\"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art AI and machine learning today announced that it will nominate two new directors for election at the Company's upcoming annual meeting of shareholders. The two new additions to its Board of directors are Professor Sanjay Sarma, President, CEO, and Dean of Asia School of Business (\"ASB\"), and Mr. Tim Davenport, Chief Operating Officer and Chief Compliance Officer for Arctis Global LLC.Professor Sarma has long been recognized as a thought leader in urban mobility as a co-founder at MIT of the Auto-ID Center, which coordinated the work of major universities around the world in the development of EPCglobal, the current open standard system for RFID. This project laid the groundwork for developing the Internet of Things (IoT). With Linda Bernardi and Kenneth Traub, Professor Sarma co-authored The Inversion Factor: How to Thrive in the IoT Economy (MIT Press, 2017). He is also the founder of IoTask, which provides consulting and advisory services on creating and implementing IOT systems across a number of industry sectors.Expressing his enthusiasm for the work being done at Rekor, Professor Sarma said, \"A future of smart transportation and autonomous vehicles must involve sensor data from roads. I am very excited by Rekor's AI-based approach to smart infrastructure.\"As a seasoned professional with over 20 years of experience in the hedge fund industry, Mr. Davenport brings a vast wealth of financial and operational expertise to the Board. His keen financial insight will be invaluable in shaping Rekor's financial strategies and acquisition initiatives. Mr. Davenport is a Fellow Chartered Accountant of the Institute of Chartered Accountants in England and Wales. He also holds a degree in mechanical engineering from the University of Birmingham. Before joining Arctis, Mr. Davenport has served as Head of Fund Accounting for Marshall Wace, as COO for MW Eaglewood, and as CFO for Winton, a research-based investment management company with a special focus on statistical inference in financial markets.Commenti...