Rekor And MS2 Join Forces To Accelerate State DOT Transition To Digital Infrastructure And AI-Based Roadway Intelligence
Rekor Systems has partnered with MS2, a leader in Transportation Data Management Systems (TDMS), to accelerate the transition to AI-based roadway intelligence for State Departments of Transportation (DOTs). This collaboration integrates Rekor's advanced traffic analytics platform, Rekor Discover™, with MS2's cloud-based TDMS. MS2, part of the Rekor Partner Network, manages transportation data for numerous state DOTs, metropolitan planning organizations, and other entities. The partnership aims to enhance traffic data analysis, offering real-time insights and simplifying the transition to digital infrastructure. Key features include non-intrusive traffic data collection and AI-enhanced actionable insights, designed to improve safety, efficiency, and mobility.
- Rekor Systems partners with MS2, enhancing traffic data analysis capabilities.
- Integration of Rekor Discover™ with MS2's TDMS offers real-time traffic data insights.
- MS2 manages transportation data for 25 state DOTs, 63 metropolitan planning organizations, 52 counties, 127 cities, and 4 institutions.
- Partnership simplifies and accelerates the transition to digital, AI-based roadway intelligence.
- Non-intrusive, AI-driven traffic data collection improves safety by avoiding the need for workers to enter hazardous conditions.
- Enhanced infrastructure offers a powerful tool for transportation agencies, improving safety, efficiency, and mobility nationwide.
- No specific financial data or revenue projections from the partnership are mentioned, making it difficult to gauge the direct financial impact on Rekor Systems.
- The scope of the partnership's implementation and potential challenges in integration are not detailed, which could pose risks to timely execution.
- No information on potential costs associated with integrating Rekor's AI technology into MS2's TDMS is provided, leaving financial implications uncertain.
Insights
The partnership between Rekor Systems and MS2 presents a strategic move that could positively influence both companies' financial trajectories. Rekor, already a leader in AI-based roadway intelligence, can leverage MS2's established market presence across numerous state departments of transportation, metropolitan planning organizations and cities. By integrating their cutting-edge AI technology with MS2's Transportation Data Management Systems (TDMS), Rekor can significantly enhance its revenue streams by accessing new clients and expanding its service offerings.
Financially, this integration could lead to increased
From a technological standpoint, the integration of Rekor's AI-driven traffic analytics into MS2's cloud-based TDMS represents a significant advancement. Rekor Discover™ and the Edge Series systems are designed to capture and analyze traffic data non-intrusively, providing real-time insights which are important for modernizing infrastructure. This reduces the need for manual data collection, enhancing safety and efficiency. Additionally, the seamless integration with existing software like ArcGIS Server and Google Maps offers a comprehensive, user-friendly experience for transportation agencies.
AI technology in traffic management can result in more accurate data collection, predictive analytics and real-time monitoring, all of which are essential for optimizing traffic flow and reducing congestion. This partnership is a step towards more intelligent and automated infrastructure management, a field expected to grow substantially as cities and states invest in smart city initiatives.
The market implications of this partnership are noteworthy. Rekor's integration with MS2's platform could potentially set a new industry standard for transportation data management. By combining forces, they are creating a well-rounded solution that addresses several pain points in the industry, such as data fragmentation and the labor-intensive processes of traditional traffic monitoring systems. This partnership positions them well to capture a significant share of the market as more state DOTs and municipalities look to adopt advanced, AI-based technologies for traffic management.
For investors, it is important to understand that this move aligns well with the broader trend towards smart cities and digital infrastructure. As governments and municipalities increase funding in these areas, companies like Rekor and MS2 that offer scalable, innovative solutions are likely to benefit.
MS2 - National Leader in Transportation Data Management Systems - Joins Rekor Partner Network
COLUMBIA, MD / ACCESSWIRE / May 20, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced a partnership with MS2, the national leader in Transportation Data Management Systems (TDMS). This partnership seamlessly integrates real-time FHWA 13 bin traffic data from the Rekor Discover™ traffic analytics platform and Rekor Edge Series systems into MS2's cloud-based TDMS. This integration of leading AI technology and modernization of traffic studies is a key outcome of MS2's recent entry into the Rekor Partner Network ("RPN"), a nationwide ecosystem of technology, data, and solution providers working together to generate the most comprehensive view of roadway intelligence and infrastructure data, aimed at solving transportation and mobility challenges and streamlining innovation.
MS2, the newest RPN ecosystem partner, delivers a secure, scalable enterprise solution already being used for managing transportation data around the clock for 25 US State Departments of Transportation, 63 Metropolitan Planning Organizations and Regional Planning Commissions, 52 counties, 127 cities, and 4 institutions across the US MS2's comprehensive software suite includes tools for field operations, real-time data retrieval, short-term count processing, data evaluation, and public portals with customizable reports and dashboards. MS2's Autopoll extension seamlessly integrates with Rekor's AI-based traffic analytics platform, Rekor Discover™, to aggregate comprehensive traffic data from Rekor's Edge Series roadside systems, a series of non-intrusive and easy-to-deploy systems that leverage cutting edge AI to fully automate the capture of traffic analytics without the need for workers to enter unsafe conditions, cut pavement, or disrupt traffic.
This collaboration signifies a major advancement for both organizations, combining MS2's market position with Rekor's cutting-edge AI technology and traffic analytics platform capabilities. With the integration of Rekor Discover™, MS2's cloud-based TDMS now offers a powerful new dimension of real-time traffic data analysis. The robust, secure, and modular infrastructure, integrated with ArcGIS Server, Google Maps, and other data providers, will be significantly enhanced by the AI-based actionable insights from Rekor Discover™. MS2's transportation data management modules, including traffic count, turning movement, weigh-in-motion, and Event Response Dashboards, will now be able to extend to AI-based analytics and reporting, simplifying and accelerating State DOT transition to digital infrastructure and roadway intelligence.
Ben Chen, Founder and CEO of MS2, shared his enthusiasm for the collaboration, stating, "Our partnership with Rekor marks a significant milestone in the evolution of transportation data management systems. We can offer our clients unprecedented real-time traffic data analysis by integrating Rekor's cutting-edge AI technology and traffic analytics platform into MS2's cloud-based TDMS. This collaboration enhances our existing infrastructure and empowers state DOTs, metropolitan planning organizations, and cities to transition more rapidly to digital, AI-based roadway intelligence."
"We are thrilled to welcome MS2 to the Rekor Partner Network," said David Desharnais, President and CEO of Rekor. "This partnership combines the strengths of our AI-driven traffic analytics with MS2's robust data management systems, creating a powerful tool for transportation agencies nationwide. Together, we are driving the future of digital infrastructure and roadway intelligence, providing our clients with the insights they need to improve safety, efficiency, and mobility across the nation."
About Rekor Systems, Inc.
Rekor Systems, Inc. (NASDAQ: REKR) is a leader in developing and implementing state-of-the-art roadway intelligence systems using AI-enabled computer vision and machine learning. As a pioneer in the implementation of digital infrastructure, Rekor is collecting, connecting, and organizing the world's mobility data - laying the foundation for a digitally-enabled operating system for the roadway. With our Rekor One® Roadway Intelligence Engine at the core of our technology, we aggregate and transform trillions of data points into intelligence through proprietary computer vision, machine learning, and big data analytics that power our platforms and applications. Our solutions provide actionable insights that give governments and businesses a comprehensive picture of roadways while providing a collaborative environment that drives the world to be safer, greener, and more efficient. To learn more, please visit our website: https://rekor.ai, and follow Rekor on social media on LinkedIn, X (formerly Twitter), Threads, and Facebook.
About MS2
Founded in 2003, MS2 is a national leader in transportation data management and analysis and has the largest traffic count database in North America. More than 260 agencies in 33 US States, and Canada, including 25 state Departments of Transportation, are using MS2 software to manage their transportation data. MS2 is a
Forward-Looking Statements
This press release and its links and attachments contain 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 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the impact of Rekor's core suite of AI-powered technology and the size and shape of the global market for ALPR systems. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the statements regarding the use of proceeds from the sale of the Series A Notes in the offering and the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.
Media & Investor Relations Contact:
Rekor Systems, Inc.
Charles Degliomini
ir@rekor.ai
MS2
Jeffrey A. Rice
jar@ms2soft.com
SOURCE: Rekor Systems, Inc.
View the original press release on accesswire.com
FAQ
What is the partnership between Rekor Systems and MS2 about?
How will the partnership between Rekor and MS2 benefit State DOTs?
What is Rekor Discover™ and how is it used in the partnership with MS2?
How many entities does MS2 manage transportation data for?
What are the expected outcomes of the Rekor and MS2 partnership?
