- Rekor Systems ( NASDAQ: REKR ) shares popped 4% pre-market on Tuesday after the AI technology firm won a five-year multimillion dollar contract from the Florida DOT Office of Transportation Data and Analytics.
- The contract will leverage Rekor's technology to detect bicycles and pedestrians in support of FDOT's goal of improving safety and mobility for all road and trail users. It covers hardware, software and data collection services for the State's Non-Motorized Count Station Installation and Maintenance Services.
- Rekor subsidiary Southern Traffic Services ( STS ) is executing the contract.
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Rekor Systems stock gains on multimillion dollar contract from Florida DOT