Rekor's Vehicle Recognition Solutions Selected by City of Lauderhill, Fla. to Increase Public Safety for its 70,000+ Residents

City's police to use Rekor Edge "plug-and-play" vehicle recognition cameras and powerful Watchman software with industry leading accuracy for contract valued at approximately $1.79 million

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Rekor Systems, Inc. (REKR) ("Rekor"), a Nasdaq company focused on bringing smarter, faster, cost-competitive solutions to the worlds of public safety and customer experience, announced today that it has been selected by the City of Lauderhill, Florida (the "City") to provide robust vehicle recognition solutions to increase public safety. The City issued a Notice of Intent to Rekor, with official terms of the $1.79 million contract subject to final negotiations. The contract is expected to provide for a five-year term.

The City selected Rekor to roll out its Rekor Edge vehicle recognition cameras and Watchman software providing law enforcement an additional public safety resource. Rekor was selected after a rigorous review period in which its industry-leading license plate recognition ("LPR") technology outscored several well-known competitors. Seventy-three locations for fixed cameras have been identified that will provide the best possible coverage to protect the entire City of Lauderhill community.

"We are proud to be selected for another significant local municipal/law enforcement contract and to partner with The City of Lauderhill to provide innovative technology solutions that can help keep their community safe," said Robert A. Berman, President and CEO, Rekor. "The City's selection of Rekor's vehicle recognition solutions serves continuing notice to the market that our technology is highly sought after due to its accuracy, affordability, and scalability. With multiple additional opportunities in our pipeline, we believe our innovative licensing model will be paramount in continuing to win business and driving value back to shareholders."

The agreement with the City follows recent awards from Mt. Juliet, Tennessee and Sands Point Police Department in New York, continuing the penetration of the Company's robust vehicle recognition software solutions throughout local law enforcement across the United States.

Rekor's software and cameras can be deployed to support law enforcement without extended installation timelines. Rekor's solutions, powered by artificial intelligence and machine learning-enabled software, can be used to collect license plate data and information such as the make, type, and color of a vehicle, without sacrificing traditional security and surveillance features of existing cameras. This provides significant enhancements in performance, as well as substantial savings compared to traditional optical character recognition license plate reading technology.