Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, May 27, 2022

Article Excerpt

REKOR SYSTEMS INC., $2.87, symbol REKR on Nasdaq, provides, through its Rekor One Intelligent Platform, licence plate recognition and security solutions. It offers systems for surveillance, electronic toll collection, parking operations, and traffic management. The company’s clients include Mastercard, Amazon, and the U.S. Department of Defense. Rekor’s traffic management and analytics solutions include Predictive traffic congestion modelling and forecasting Roadway monitoring and incident detection and response Support systems for integrated corridor management Electric vehicle adoption and charge station planning Commercial vehicle and tonnage monitoring and analysis Real-time emissions analysis, sustainability, and green initiatives Live and archival HD video management and traffic surveillance Law enforcement and intelligence-based policing Contactless compliance and enforcement Vehicle and licence plate recognition for public safety On May 16, 2022, the company announced that has signed a letter of intent to acquire Southern Traffic Services (STS) for $14.5 million (which includes potential performance payouts for hitting specified revenue targets). In addition to traffic data collection, STS provides traffic engineering expertise…