Rekor Systems, Inc. · NASDAQ:REKR
Rekor Systems — Merger or Acquisition (August 2021)
20 slides from Rekor Systems's merger presentation, Aug 9, 2021
Slide 1: Rekor Waycare Acquisition
"= REKOR WAYCARE ACQUISITION AUGUST 2021
Slide 2: Company Disclosure Statement
Company Disclosure Statement This presentation includes statements concerning Rekor Systems, Inc. and its future expectations, plans and prospects that constitute "forward- looking statements” within the ‘meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21£ of the Securi
Slide 3: Rekor's Vision
REKOR’S VISION To provide intelligent infrastructure and insights that build safer, smarter and more efficient cities around the world through the use of artificial intelligence.
Slide 4: Rekor One
REKOR ONE™ Drive the world to + single-source platform for intelligent infrastructure + Provides real-time analytics that help municipalities and businesses study roadway activity, globally Activity includes: + vehicle counts + speed and traffic patterns + hazardous conditions + environmental health
Slide 5: Driving Disruption in a Burgeoning Market
DRIVING DISRUPTION INA BURGEONING MARKET . ee “a \ The intelligent infrastructure industry is at the epicenter As 7 az of converging forces driving disruption in the market. ¢
Slide 6: Building the Future of Intelligent Infrastructure
BUILDING THE FUTURE OF INTELLIGENT INFRASTRUCTURE Expansive geographic footprint Advanced data aggregation Innovative software {constantly expanding global footprint for complete (comprehensive network that sources data from (real-time infrastructure analytics via Al and. data coverage) proprietary
Slide 7: Waycare Overview
WAYCARE OVERVIEW Waycare is a leading provider of cloud-based Al traffic and incident management solutions for safer and more efficient roadways.
Slide 8: Waycare Company Snapshot
WAYCARE COMPANY SNAPSHOT Provider of a cutting-edge 18 customers across 10 states and Al-powered traffic traffic & incident 3 geographic areas management platform with management software cross-agency capabilities platform Traffic Management Founded in 2016 in Tel-Aviv, Israel Offices in Israel (R&D
Slide 9: The Waycare Platform
THE WAYCARE PLATFORM Interoperable, cloud-based system for traffic and incident management. Cross-agency solution provides interoperable platform modules to serve all transportation agencies Al-driven insights improve incident detection and response times Combines real-time infrastructure traffic da
Slide 10: Impact by the Numbers
IMPACT BY THE NUMBERS Funding from federal, state and local agencies is heavily tied to the ability to show measurable improvements in traffic safety and incident management (Of speeding drivers reduced their speed to adhere to the speed limit after STMS (strategic traffic management site). g) Minut
Slide 11: Proven Land and Expand Growth Strategy
PROVEN LAND AND EXPAND GROWTH ise4ek STRATEGY eee +$350K Northern Nevada +$5.3M Infra Grant Integrated Corridor 5-year contract extension Add-on to contract H1 $780K @ 2021 Contract expansion ES $30K @ 2019 6-month pilot program a iS) 2019 H2 © 2018 Hi 2018 =y 161x TCV GROWTH IN NEVADA OVER 3 YEARS
Slide 12: Customer Conversion
Customer Conversion Startdate Pilot / POC Contract Expansion. ‘Trusted Partner EXCELLENT a ; ic ; fit 2018 @ @ @ @ CUSTOMER "ean 2019 @ @ @ @ «ese 2020 @ @ @ @ RETENTION ‘cota 2020 @ @ @ @ ® 2020 @ @ @ @ + Platform stickiness has allowed Waycare to Seg 2020) @ e@ e@ successfully transition proof of
Slide 13: Strategic Rationale
STRATEGIC RATIONALE Rekor and Waycare are better together as a result of their expanded geographic coverage, ability to acquire more data, and provide a comprehensive intelligence platform.
Slide 14: Accelerating Rekor's Vision
ACCELERATING REKOR’S VISION Integrating Waycare into Rekor saves both time and money while accelerating speed to market for Rekor One. Expand geographic footprint further Access diverse data sources Form comprehensive intelligence platform waycare
Slide 15: Rapidly Expanding Footprint
R AP I D LY In the past year, Waycare has been able to rapidly expand its footprint with new pilot programs creating an avenue for future monetization EX PA N D | N G through longer term contracts. Existing markets have also grown through upsell opportunities with shorter sales cycles. F Ce} Ce} ai
Slide 16: Accessible Third-Party Data Partner Networks
ACCESSIBLE THIRD-PARTY DATA PARTNER NETWORKS Waycare's diverse data partnerships allow for accurate and relevant infrastructure insights. These partners include leading OEMs, CV marketplace providers, telematics solutions, and more. Rekor One will enhance proprietary data with these third-party sour
Slide 17: A New Standard in Real-Time Intelligence
A NEW STANDARD IN REAL-TIME INTELLIGENCE Rekor and Waycare’s innovative and differentiated technology combines to create a complete, disruptive intelligent infrastructure platform. Hybrid Cloud and Edge Processing Systems agnostic Deployable across in one region Al-driven insights Incorporates data
Slide 18: Comprehensive Intelligent Infrastructure Platform
COMPREHENSIVE INTELLIGENT INFRASTRUCTURE PLATFORM The combination of Rekor and Waycare's tech creates a modular intelligence solution offering that includes modules for live traffic & incident management, public safety, real-time analytics, and more — all within the same unified platform. REKORONE a
Slide 19: Closing Statements
CLOSING STATEMENTS The closing of the transaction is subject to. customary closing conditions and is currently anticipated to occur during Q3 of 2021. ® Transaction has $61 million total enterprise value @ Cash on hand to fund activities for 18-24 months @ Will continue to lead the way in building i
Slide 20: Learn more: Rekor.ai
“= REKOR Learn more and watch video: REKOR.AI AUGUST 2021