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Rekor Systems Launches AI-Powered Traffic Monitoring Project with $1.5M Grant

Author: Benzinga Newsdesk | August 05, 2024 07:37am

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 $1,497,000 federal and state grant.

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.

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