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Rekor Systems Awarded Contract by Florida Department of Transportation (FDOT)
Five-year multimillion dollar award represents first of its kind contract for safety driven, non-motorized roadway data in the StateContract utilizes Rekor's
About this update from Rekor Systems, Inc.
[{"type":"text","content":"Five-year multimillion dollar award represents first of its kind contract for safety driven, non-motorized roadway data in the StateContract utilizes Rekor's technology to detect bicycles and pedestrians in support of FDOT's goal of improving safety and mobility for all road and trail usersCOLUMBIA, MD / ACCESSWIRE / July 26, 2022 / Rekor Systems, Inc. (NASDAQ:REKR) (\"Rekor\" or the \"Company\"), a global AI technology company with a mission to provide insights that build safer, smarter, and more efficient cities through intelligent infrastructure, today announced that it has been awarded a contract with the Florida Department of Transportation (FDOT) Office of Transportation Data and Analytics (TDA). This contract covers hardware, software and data collection services for the State's Non-Motorized Count Station Installation and Maintenance Services over a five-year term. The contract was executed by Rekor subsidiary Southern Traffic Services (STS), which it acquired in June 2022.Recently, the State of Florida (\"the State\") was named as having the most bicycle fatalities among states by the U.S. Department of Transportation and recently was cited as the second most dangerous state for pedestrians by Smart Growth America. To combat this urgent safety risk, the State has put in place an aggressive program to collect and analyze data on non-motorized pedestrian and bicycle traffic across the State. This new contract expands these efforts by using Rekor's advanced monitoring capabilities and AI-enabled analysis to identify trends and changes in real-time traffic that can lead to better solutions. The data collected, which includes volume data and supporting statistics, can be used for analyses in a variety of projects, such as safety studies and planning for FDOT facilities, pavement and trail maintenance.\"This contract is a clear example of what the billions of dollars flowing from the federal Infrastructure Investment and Jobs Act need to be used for first. The infrastructure of the future will be shaped by a better understanding of real time roadway data. Understanding these rapidly changing needs is a critical first step in every new infrastructure project and we are pleased to be a leader in delivering these vital services at this important time. Our recent acquisition of STS is already generating significant revenue for th...