Rekor Systems (REKR) announced its largest statewide contract to date, a multi-year award from the Georgia Department of Transportation. The agreement accelerates the deployment of Rekor Discover and Data-as-a-Service, strengthens GDOT’s modernization of traffic data collection, validation, and utilization, and delivers a smarter, safer, and more scalable approach to monitoring roadway conditions and enforcing safety standards across the state. At GDOT’s discretion, the full term of the statewide contract can extend up to seven years and is available for cooperative use by Georgia cities, counties, municipal planning organizations, and regional commissions through a procurement process that does not require separate competitive bids across the state. The agreement is projected to generate over $50M in additional revenue throughout its duration, potentially increasing the total contract value to more than $100M.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REKR:
