Rekor Systems Announces Selection of Waycare Technologies by Louisiana Department of Transportation and Development for Pilot Program to Reduce State Traffic Congestion and Crashes

Rhea-AI Summary

Rekor Systems has announced a pilot program with the Louisiana Department of Transportation to tackle traffic congestion and safety on major highways. Initiated on July 15, 2021, the program utilizes Rekor's AI-driven traffic management platform to provide real-time, actionable insights from roadway data. The deployment aims to harmonize speeds, reduce incidents, and improve commutes, leveraging data analytics from connected vehicles and partnerships. This follows a successful project in Nevada that showed an 18% crash reduction and economic savings of $3 million.

Positive

• Pilot program with Louisiana Department of Transportation aims to reduce congestion and improve road safety.
• Utilization of AI technology enhances traffic management and promotes safer driving.
• Previous success in Nevada achieved an 18% reduction in crashes and $3 million in economic savings.

Negative

• None.

AI-based traffic management platform to aid in real-time, automated incident identification, crash prediction and forecasting

COLUMBIA, MD / ACCESSWIRE / September 9, 2021 / Rekor Systems, Inc, (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide intelligent infrastructure and insights that build safer, smarter and more efficient cities around the world, today announced that its Waycare Technologies subsidiary has been selected by the Louisiana Department of Transportation and Development (LaDOTD) for a pilot program to help reduce congestion and collisions in the Baton Rouge area and promote speed harmonization for a safer driver experience. The initial deployment, which kicked off July 15, 2021, focuses on some of the region's most dangerous sections of highway: Interstate 10 ("I-10") and Interstate 12 ("I-12").

"Rekor has seen a sharp increase in demand from government agencies for real-time, AI driven insights from roadways," said Robert Berman, president and CEO, Rekor. "The actionable insights derived from this platform, enables a broad set of applications for regional and state government departments and agencies to build smarter and safer cities. From traffic management and public safety to smart parking and citizen experience, Rekor is helping our government customers meet their respective missions."

The Company will use its powerful AI algorithms and machine learning to analyze large data sets from various Louisiana agency sources as well as mobile apps, connected vehicles, and third-party systems to produce actionable traffic safety insights. To aid in this real-time, automated incident identification, crash prediction and forecasting, the company's all-in-one traffic management platform has been integrated into LaDOTD's Traffic Management Center (TMC) and Motorist Assist Patrol (MAP), providing the agency with collaborative tools for more efficient responses and planning. This application is a model for Rekor's expanded focus on providing government customers with intelligent infrastructure and insights to build smarter, safer cities.

LaDOTD Secretary Dr. Shawn Wilson said of the program, "We are thrilled to kick off our deployment to investigate approaches to alleviating traffic congestion and improving road safety, especially on critical traffic corridors like I-10 and I-12. This deployment is designed to help improve driver commutes and reduce incidents, all the while bringing cutting-edge technology into the fold."

As a result of the company's numerous connected vehicle partnerships, LaDOTD will gain access to useful insights into driver behaviors and road incidents. With planned construction imminent along the I-10 and I-12 corridors, the pilot program will serve as a useful test to see how such technology can support travel demand management in the region. The pilot program is a typical first step for states to apply lessons learned before moving to a broader deployment.

"In just one month, we're already integrating deidentified data from almost 14% of vehicles driving in the state of Louisiana," said Paul-Matthew Zamsky, Strategic Partnerships, Rekor. "We are helping to increase LaDOTD's roadway visibility by connecting to infrastructure to help manage transportation and communicate better in real-time."

This deployment comes on the heels of a successful partnership with the Regional Transportation Commission (RTC) of Southern Nevada, Nevada Highway Patrol (NHP), and Nevada Department of Transportation (NDOT) in which the Company's predictive analytics and integrated platform resulted in an 18% reduction in crashes, equating to an estimated $3 million in economic savings.

About Rekor Systems

Rekor Systems, Inc. (NASDAQ:REKR) is a trusted global authority on intelligent infrastructure providing solutions that drive the world to be safer, smarter and more efficient. As a provider of comprehensive, continuous and real-time roadway intelligence, Rekor leverages AI, machine learning and holistic data to support the intelligent infrastructure that is essential for smart mobility. With its disruptive technology the Company delivers integrated solutions, actionable insights and predictions that increase roadway safety. To learn more please visit our website: https://rekor.ai.

CONTACT:
Media:
Robin Bectel
REQ for Rekor Systems
rekor@req.co

Investor Relations Contact:
Rekor Systems, Inc.
Bulent Ozcan
ir@rekor.ai

SOURCE: Rekor Systems, Inc.

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FAQ

What is Rekor Systems' recent pilot program about?

Rekor Systems' pilot program with the Louisiana Department of Transportation focuses on reducing traffic congestion and improving road safety using AI technology.

When did the Rekor pilot program with Louisiana start?

The pilot program began on July 15, 2021.

How does Rekor's AI technology work in the pilot program?

Rekor's AI technology analyzes data from connected vehicles and various agencies to provide real-time traffic safety insights.

What are the expected benefits of the Rekor pilot program?

The program aims to reduce incidents, improve driver commutes, and harmonize vehicle speeds on highways.

What previous results has Rekor Systems achieved in similar projects?

A prior project in Nevada resulted in an 18% reduction in crashes, leading to approximately $3 million in savings.