Rekor Announces Financing To Solidify Cash Position And Accelerate Business Growth And Technology Development

COLUMBIA, MD / December 21, 2022 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and greener cities through intelligent infrastructure, today announced it has executed a term sheet providing for the issuance of up to $15 million in notes ("the Notes") to solidify its cash position and to accelerate its growth plan. Proceeds will provide necessary funding for Company's execution plan across its public safety, urban mobility, and transportation management business. The Company's Chairman and CEO, Robert A