Rekor Systems Pioneers $1.5M Roadway Intelligence Program for Maryland Highways
Rekor Systems (NASDAQ:REKR) has launched a $1.5 million Strategic Corridor Monitoring project for Maryland highways. Funded by a federal and state grant, the initiative will deploy Rekor's AI-powered Discover™ platform along key transportation corridors from Washington, D.C. to Baltimore. The project aims to provide real-time traffic insights to the Maryland Department of Transportation (MDOT), revolutionizing roadway planning and maintenance.
The system will be installed at 50 strategic locations along I-495, I-95, and I-695, offering data on vehicle classification, volumes, speeds, emissions, air quality, and more. It will focus on electric vehicle usage patterns and promote sustainable transportation. This initiative aligns with Rekor's mission to make roadways smarter, safer, greener, and more efficient through advanced roadway intelligence technology.
Rekor Systems (NASDAQ:REKR) ha lanciato un progetto di monitoraggio strategico dei corridoi del valore di 1,5 milioni di dollari per le strade del Maryland. Finanziato da un programma di sovvenzioni federali e statali, l'iniziativa implementerà la piattaforma Discover™ alimentata da IA lungo i principali corridoi di trasporto da Washington D.C. a Baltimora. Il progetto si propone di fornire informazioni sul traffico in tempo reale al Dipartimento dei Trasporti del Maryland (MDOT), rivoluzionando la pianificazione e la manutenzione delle strade.
Il sistema verrà installato in 50 località strategiche lungo le autostrade I-495, I-95 e I-695, offrendo dati su classificazione dei veicoli, volumi, velocità, emissioni, qualità dell'aria e altro ancora. Si concentrerà su modelli di utilizzo dei veicoli elettrici e promuoverà i trasporti sostenibili. Questa iniziativa è in linea con la missione di Rekor di rendere le strade più intelligenti, più sicure, più green e più efficienti attraverso tecnologie avanzate di intelligenza stradale.
Rekor Systems (NASDAQ:REKR) ha lanzado un proyecto de monitoreo estratégico de corredores por valor de 1.5 millones de dólares para las carreteras de Maryland. Financiado por una subvención federal y estatal, la iniciativa desplegará la plataforma Discover™ impulsada por IA a lo largo de los principales corredores de transporte desde Washington D.C. hasta Baltimore. El proyecto tiene como objetivo proporcionar información de tráfico en tiempo real al Departamento de Transporte de Maryland (MDOT), revolucionando la planificación y el mantenimiento de las vías.
El sistema será instalado en 50 ubicaciones estratégicas a lo largo de las carreteras I-495, I-95 e I-695, ofreciendo datos sobre clasificación de vehículos, volúmenes, velocidades, emisiones, calidad del aire y más. Se enfocará en patrones de uso de vehículos eléctricos y promoverá el transporte sostenible. Esta iniciativa está alineada con la misión de Rekor de hacer las carreteras más inteligentes, seguras, ecológicas y eficientes a través de tecnología avanzada de inteligencia vial.
Rekor Systems (NASDAQ:REKR)는 메릴랜드 고속도로를 위한 150만 달러 규모의 전략적 통행 모니터링 프로젝트를 시작했습니다. 연방 및 주정부 보조금으로 자금을 지원받아, 이 initiative는 워싱턴 D.C.에서 볼티모어까지 주요 교통 коридор에 Rekor의 AI 기반 Discover™ 플랫폼을 배치할 것입니다. 이 프로젝트의 목표는 실시간 교통 정보를 메릴랜드 교통부(MDOT)에 제공하여 도로 계획 및 유지보수를 혁신하는 것입니다.
시스템은 I-495, I-95 및 I-695를 따라 50곳의 전략적 위치에 설치되어 차량 분류, 수량, 속도, 배출가스, 공기 질 등에 대한 데이터를 제공합니다. 전기 자동차 사용 패턴에 초점을 맞추고 지속 가능한 교통을 촉진할 것입니다. 이 initiative는 도로를 더 스마트하고, 안전하며, 친환경적이며, 효율적으로 만들기 위한 Rekor의 사명과 일치합니다.
Rekor Systems (NASDAQ:REKR) a lancé un projet de surveillance stratégique des corridors d'une valeur de 1,5 million de dollars pour les autoroutes du Maryland. Financé par une subvention fédérale et étatique, l'initiative déploiera la plateforme Discover™ alimentée par l'IA le long des principaux corridors de transport de Washington D.C. à Baltimore. Le projet vise à fournir des informations sur le trafic en temps réel au Département des Transports du Maryland (MDOT), révolutionnant ainsi la planification et l'entretien des routes.
Le système sera installé à 50 emplacements stratégiques le long des autoroutes I-495, I-95 et I-695, offrant des données sur la classification des véhicules, les volumes, les vitesses, les émissions, la qualité de l'air, etc. Il se concentrera sur les modèles d'utilisation des véhicules électriques et promouvra les transports durables. Cette initiative s'inscrit dans la mission de Rekor de rendre les routes plus intelligentes, plus sûres, plus écologiques et plus efficaces grâce à une technologie avancée d'intelligence routière.
Rekor Systems (NASDAQ:REKR) hat ein 1,5 Millionen Dollar umfassendes strategisches Korridormonitoring-Projekt für die Autobahnen von Maryland ins Leben gerufen. Finanziert durch einen bundesstaatlichen und staatlichen Zuschuss, wird die Initiative Rekors KI-gesteuerte Discover™-Plattform entlang wichtiger Verkehrswege von Washington, D.C. nach Baltimore bereitstellen. Das Projekt zielt darauf ab, Echtzeit-Verkehrsinformationen für das Maryland Department of Transportation (MDOT) bereitzustellen und die Straßenplanung und -wartung zu revolutionieren.
Das System wird an 50 strategischen Standorten entlang der I-495, I-95 und I-695 installiert und bietet Daten zur Fahrzeugklassifizierung, -anzahl, -geschwindigkeit, -emissionen, Luftqualität und mehr. Der Fokus liegt auf Muster der Nutzung von Elektrofahrzeugen und fördert nachhaltigen Verkehr. Diese Initiative steht im Einklang mit Rekors Mission, Straßen durch fortschrittliche Straßenintelligenztechnologie intelligenter, sicherer, umweltfreundlicher und effizienter zu gestalten.
- Secured a $1.497 million federal and state grant for the Strategic Corridor Monitoring project
- Deploying AI-powered Discover™ platform at 50 strategic locations along major Maryland highways
- Providing real-time and historical data on various traffic metrics to MDOT
- Focusing on electric vehicle usage patterns and promoting sustainable transportation
- Potential for expanding the technology to other cities and states facing similar challenges
- None.
Rekor's $1.5M Strategic Corridor Monitoring project marks a significant advancement in roadway intelligence. The deployment of AI-powered sensors along key Maryland highways showcases a shift towards data-driven infrastructure management. This initiative positions Rekor as a frontrunner in smart transportation solutions, potentially opening doors to similar contracts nationwide.
The project's focus on real-time traffic insights, vehicle classification and EV usage patterns aligns with growing demands for sustainable and efficient transportation systems. This could lead to increased investor interest in companies specializing in AI-driven traffic management solutions. The collaboration with MDOT also validates Rekor's technology, potentially boosting its market credibility and future growth prospects.
This initiative demonstrates a significant step towards sustainable transportation. By monitoring emissions and air quality in real-time, Rekor's technology enables data-driven decisions to reduce environmental impact. The focus on EV usage patterns is particularly noteworthy, as it can inform strategic placement of charging infrastructure, potentially accelerating EV adoption.
From an investor's perspective, Rekor's alignment with green transportation goals positions it favorably in a market increasingly driven by ESG considerations. The project's potential to improve air quality and promote sustainable mobility could attract environmentally conscious investors and potentially lead to future contracts in other environmentally proactive states.
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While the immediate financial impact may be , the long-term potential is significant. Success in this project could position Rekor for similar contracts in other states, potentially driving substantial revenue growth. Investors should monitor the project's progress and any subsequent contract wins as indicators of Rekor's future financial performance and market expansion.
Rekor Discover to Power Corridor Management and Sustainable Mobility Across Maryland's I-495, I-95, and I-695 Roadways
COLUMBIA, MD / ACCESSWIRE / August 5, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the launch of its Strategic Corridor Monitoring project, funded by an initial stage one
This groundbreaking initiative will deploy Rekor's state-of-the-art AI-powered sensors along vital transportation corridors from Washington, D.C. to Baltimore. The project aims to deliver unique, real-time traffic insights, revolutionizing how the Maryland Department of Transportation State Highway Administration (MDOT) plans, maintains, and prepares its roadways for the future. MDOT will be Rekor's primary customer for this transformative project.
MDOT Strategic Corridor Monitoring with Rekor Discover™
The Strategic Corridor Monitoring project harnesses Rekor's cutting-edge Discover™ platform, integrated with advanced, non-intrusive Edge AI devices. This system will be deployed at 50 strategic locations along the highway, from the I-495/I-95 interchange northeast of Washington, DC, through Baltimore, to the I-95/I-695 interchange northeast of Baltimore. Key outcomes of the project include:
Real-time and historical data on vehicle classification, volumes, speeds, emissions, air quality, weights, and more
Special focus on electric vehicle (EV) usage patterns
Automated, AI-driven traffic analysis
Enhanced road safety and efficiency
Promotion of sustainable transportation
Rekor's state-of-the-art Discover™ platform will be central to this initiative, providing MDOT with unprecedented insights into traffic patterns and vehicle behavior. This data will empower transportation officials to make better informed decisions regarding infrastructure improvements, EV charging station placement, and strategies to enhance air quality.
"This award is incredibly significant for Rekor, as it underscores our dedication to using cutting-edge technology to enhance roadway intelligence and support environmental sustainability," said David Desharnais, President and CEO of Rekor Systems. "We are thrilled to collaborate with MDOT and the Maryland State Highway Administration on this groundbreaking project, showcasing the transformative potential of digital infrastructure and data-driven insights in revolutionizing transportation networks."
The Strategic Corridor Monitoring project represents a major step forward in roadway intelligence technology. By providing a comprehensive, view of highway usage that includes both real-time and historic data, it will enable MDOT to:
Optimize traffic flow and reduce congestion
Identify ideal locations for EV charging infrastructure
Develop targeted strategies to promote sustainable, resilient and climate focused transportation
Improve road safety through data-driven decision making
Enhance overall transportation planning and management
This project aligns with Rekor's mission to make roadways smarter, safer, greener, and more efficient through roadway intelligence. As cities and states across the country grapple with aging infrastructure and increasing traffic demands, Rekor's innovative approach offers a blueprint for the future of urban mobility and transportation management.
By leveraging AI and advanced sensors, Rekor is not just aggregating critical data - it's transforming raw data into actionable information and knowledge that can reshape our roads and cities. This Maryland project serves as a powerful demonstration of how digital infrastructure and roadway intelligence can address real-world challenges in transportation and environmental sustainability.
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.
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 the Company's products and services. 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 risk 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
SOURCE: Rekor Systems, Inc.
View the original press release on accesswire.com
FAQ
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