Zinger Key Points
- Rekor secures a European patent for its AI-driven system that detects and manages irregular traffic congestion in real time.
- The patented technology integrates machine learning with historical data to optimize traffic flow and respond to real-time disruptions.
- Get real-time earnings alerts before the market moves and access expert analysis that uncovers hidden opportunities in the post-earnings chaos.
Rekor Systems, Inc. REKR has secured a key European patent for its advanced AI-driven technology, which is designed to detect and quantify irregular traffic congestion.
This achievement builds on Rekor’s previous U.S. patent approval, further reinforcing its commitment to enhancing roadway safety, efficiency, and sustainability through cutting-edge, data-driven innovation.
The patented system analyzes data from various sources, including sensors, detectors, and online platforms, to identify congestion anomalies.
By integrating machine learning with historical traffic data, it optimizes traffic flow and swiftly responds to real-time disruptions such as accidents or infrastructure issues.
“These US and European patents reflect our relentless commitment to innovation and our focus on delivering meaningful, scalable digital infrastructure solutions for roadways,” said David Desharnais, President and CEO of Rekor Systems.
Rekor also holds a patent for privacy-focused traffic monitoring, utilizing obfuscation records to safeguard personally identifiable information while ensuring regulatory compliance. Additionally, a patented image-processing technique enhances vehicle recognition while reducing computational demands, improving the efficiency of AI-driven traffic monitoring.
These patents align with Rekor’s broader strategy to modernize transportation systems through its AI-powered platforms, including Rekor Scout, Rekor Discover, and Rekor Command.
Price Action: REKR shares are trading higher by 11.2% at $2.135 at last check Tuesday.
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