Major Statewide Blanket Purchase Order
Rekor announced a major statewide blanket purchase order with the Texas Department of Transportation for the Rekor Command platform, marking a transformative moment for the company and the transportation industry.
Contract Expansion with Central Texas Regional Mobile Authority
Rekor secured a $1.4 million contract expansion over 5 years, demonstrating trust and investment in its Rekor Command technology with significant measurable results.
Deployment of Rekor Discover
Rekor Discover was deployed in a Sunbelt state as part of a new statewide initiative to modernize traffic operations, under a 1-year $1.2 million Data-as-a-Service contract.
Operating Efficiency Improvements
Total operating expenses for Q2 declined 17% year-over-year, with significant reductions in G&A, sales and marketing, and R&D expenses.