UPDATE - Rekor Set To Join Russell Microcap Index®
Rekor Systems, Inc. (REKR) announced its addition to the Russell Microcap Index effective June 29, 2020. This inclusion enhances the company's visibility and signifies shareholder value creation. The Russell Indexes, utilized by investment managers and institutional investors, benchmark approximately $9 trillion in assets. Rekor's focus on real-time roadway intelligence through AI technology positions it to impact sectors such as public safety and smart cities globally. The company aims to leverage its index membership to further its growth strategy.
- Inclusion in the Russell Microcap Index enhances visibility and stature in the investment community.
- Membership in the index could attract institutional investors, given that about $9 trillion in assets are benchmarked against Russell Indexes.
- None.
COLUMBIA, Md., June 17, 2020 (GLOBE NEWSWIRE) -- Rekor Systems, Inc, (REKR) (“Rekor”) Rekor Systems, Inc. (NASDAQ:REKR)("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that the Company has been added to the Russell Microcap Index® at the conclusion of the 2020 Russell Indexes annual reconstitution, effective after the U.S. market opens on June 29, according to a final list of additions posted June 15.
“Being added to the Russell Microcap Index® provides increased visibility and stature within the investment community and signifies the value we are creating for our shareholders. We look forward to continuing the hard work that we’ve begun, continuing our go-to-market strategy and delivering strong growth to our investors,” said Eyal Hen, CFO, Rekor.
Membership in the Russell Microcap Index®, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell Indexes primarily by objective, market-capitalization rankings and style attributes.
Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
About Rekor Systems, Inc.
Rekor (Nasdaq: REKR) is a Maryland-based company providing real-time roadway intelligence through AI-driven decisions. Rekor bridges commercial and government sectors with actionable, real-time vehicle recognition data to enable informed decisions faster, and with greater outcomes. Rekor is transforming industries like Public Safety, Customer Experience, and Smart Cities in more than 70 countries across the globe with smarter, quicker, cost-competitive vehicle recognition solutions for security, revenue discovery and recovery, public safety, electronic toll collection, brand loyalty, parking operations, logistics, and traffic management. We use the power of artificial intelligence to analyze video streams and transform them into AI-driven decisions by our clients. Our machine learning software can turn most IP cameras into highly accurate and affordable vehicle recognition devices used to help protect lives, increase brand loyalty, and enhance operations and logistics, without the need to install expensive new infrastructure. We make what was once considered impossible, possible. To learn more please visit our website: https://rekor.ai.
Forward-Looking Statements
This press release includes 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 of the market for global 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 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 Contacts: Emily Burdeshaw REQ For Rekor Systems Investor Contacts: Charles Degliomini Rekor Systems, Inc.
