UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
____________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): May 5, 2020
____________________
REKOR SYSTEMS, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-38338
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81-5266334
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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7172 Columbia Gateway Drive, Suite 400, Columbia, MD
21046
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(Address
of Principal Executive Offices)
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Registrant's
Telephone Number, Including Area Code: (410)
762-0800
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
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☐ Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)
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☐ Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
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☐ Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐ Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the
Act:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common
Stock, $0.0001 par value per share
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REKR
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The
Nasdaq Stock Market
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the
Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this
chapter)
Emerging
Growth Company ☐
If
an emerging
growth company, indicate
by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
On May 5, 2020, Rekor Systems, Inc. (the “Company”)
issued a press release announcing the launch of its newly
redesigned corporate website (the “Press Release”). The
Company also posted a corporate presentation to its website (the
“Presentation”). The Presentation is intended to be
used by the Company in future investor meetings. A copy of the
Press Release and Presentation are attached hereto as Exhibit 99.1
and Exhibit 99.2, respectively, and are incorporated herein by
reference.
Forward-Looking Statements
The Press Release and Presentation attached to this Current Report
on Form 8-K contain forward-looking statements within the
meaning of U.S. federal securities laws. Such forward-looking
statements include, but are not limited to, statements regarding
the expectations, hopes, beliefs, intentions, plans, prospects or
strategies of the Company. Any statements contained herein that are
not statements of historical fact may be deemed to be
forward-looking statements. In addition, any statements that refer
to projections, forecasts or other characterizations of future
events or circumstances, including any underlying assumptions, are
forward-looking statements. The words “anticipate,”
“believe,” “continue,” “could,”
“estimate,” “expect,”
“intends,” “may,” “might,”
“plan,” “possible,”
“potential,” “predict,”
“project,” “should,” “would”
and similar expressions may identify forward-looking statements,
but the absence of these words does not mean that a statement is
not forward-looking. The forward-looking statements contained in
the Press Release and Presentation are based on certain assumptions
and analyses made by the management of the Company in light of
their respective experience and perception of historical trends,
current conditions and expected future developments and their
potential effects on the Company as well as other factors they
believe are appropriate in the circumstances. There can be no
assurance that future developments affecting the Company will be
those anticipated. These forward-looking statements involve a
number of risks, uncertainties (some of which are beyond the
control of the parties) or other assumptions that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking statements. Should
one or more of these risks or uncertainties materialize, or should
any of the assumptions being made prove incorrect, actual results
may vary in material respects from those projected in these
forward-looking statements. We undertake no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
Item
9.01.
Financial
Statements and Exhibits.
(d) Exhibits
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Exhibit No.
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Description
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Press
Release dated May 5, 2020.
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Corporate
Presentation dated May 5, 2020.
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SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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REKOR SYSTEMS, INC.
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Date:
May 5, 2020
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/s/
Robert A. Berman
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Name:
Robert A. Berman
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Title: President and Chief
Executive Officer
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Exhibit
99.1
Rekor
Launches New Visual Identity
New corporate overview and website reflects focused mission on
evolving technology and
expansion into new markets
COLUMBIA, MD
– May 5, 2020 - Rekor (Nasdaq:
REKR) (“the Company”), a Maryland-based company using
AI to provide real-time roadway intelligence, announced today it
has unveiled a new visual identity. The new visual identity signals
the execution of its business plan and a go-to-market strategy that
enables its clients to make faster, better informed decisions
through the use of the Company’s AI-based technology. The
Company’s web site has changed to www.rekor.ai where
a new
corporate video and
overview are
available.
“We’ve
launched this new visual identity to better reflect who we are, and
what we do. In just one year’s time, Rekor has disrupted a
mature market with our AI-driven technology, innovative business
model and proven results. We already have a strong footprint across
Public Safety, Consumer Experience and Smart City markets with a
global customer base in over 70 countries and, most importantly, a
disruptive pricing model. As the Company’s business continues
to grow, it will provide a bridge to big data that will feed even
better market insight,” said Robert A. Berman, President and
CEO, Rekor.
Rekor
has redefined an entire industry by using AI and machine learning
to develop software that captures roadway information and
identifies valuable patterns in real time. Whether replacing
prohibitively expensive legacy systems that do nothing more than
see a license plate or installing new comprehensive vehicle
recognition and roadway management systems, governments and private
companies can use Rekor technology to significantly reduce their
total cost and time-to-deployment.
In
conjunction with this announcement, the Company also provided
additional updates as to its progress, indicating that it
has:
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Forged a
partnership with a major payment network processor to use Rekor
technology to improve drive-thru and curbside pick-up for the quick
service restaurant market
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Launched new
reseller and partner program created to grow the channel and
deliver mutually beneficial collaboration
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Completed
automation of new licensing platform enabling frictionless
distribution of our high margin SaaS products
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Continued
international expansion of its iP360 Parking and citation
management solution
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Added over 50 new
public safety clients
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Received coverage
from B. Riley FBR with an initial Buy rating and $6 price target,
stating that the Company's technology is underpenetrated and well
positioned for "significant growth"
The
Company has also introduced a new tagline to further reinforce its
messaging: AI Driven Decisions. The tagline speaks to the
Company’s core mission of delivering the most advanced
machine learning and machine vision technology to our customers,
providing real-time roadway intelligence and delivering faster,
better informed decisions whose outcomes can make their communities
safer, cities smarter and businesses more successful.
The
Company has also assembled an unrivaled senior leadership team with
executive appointments over the last year. Berman concluded,
“The combined expertise of those on our senior leadership
team is second to none. The experience and vision they have each
brought to Rekor over the last year has played a significant part
in us reaching this milestone. Make no mistake, we are headed for
greater places.”
About
Rekor
Rekor
(Nasdaq: REKR) is a Maryland-based company providing real-time
roadway intelligence through AI-driven decisions. Rekor bridges
commercial and government sectors with actionable, real-time
vehicle recognition data to enable faster, better informed
decisions with greater outcomes. Rekor is transforming industries
like Public Safety, Customer Experience, and Smart Cities in more
than 70 countries across the globe with smarter, quicker,
cost-competitive vehicle recognition solutions for security,
revenue discovery and recovery, public safety, electronic toll
collection, brand loyalty, parking operations, logistics, and
traffic management. We use the power of artificial intelligence to
analyze video streams and transform them into AI-driven decisions.
Our machine learning software can turn most IP cameras into highly
accurate and affordable vehicle recognition devices used to help
protect lives, increase brand loyalty, and enhance operations and
logistics, without the need to install expensive new
infrastructure. We make what was once considered impossible,
possible. To learn more please visit our website: http://www.rekor.ai
Forward-Looking
Statements
This
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve substantial risks and uncertainties. Other than
statements of historical facts, all statements contained in this
press release are forward- looking statements, including
particularly statements regarding our future results of operations
and financial position, business strategy, prospective products and
services, timing and likelihood of success, plans and objectives of
management for future operations, and future results of current and
anticipated products and services. These statements involve
uncertainties, such as known and unknown risks, and are dependent
on other important factors that may cause our actual results,
performance or achievements to be materially different from the
future results, performance or achievements we express or imply. In
some cases, you can identify forward-looking statements by terms
such as “may,” “will,”
“should,” “expect,” “plan,”
“anticipate,” “could,”
“intend,” “target,” “project,”
“contemplates,” “believes,”
“estimates,” “predicts,”
“potential” or “continue” or the negative
of these terms or other similar expressions. All forward- looking
statements contained in this press release speak only as of the
date on which they were made, are based on management's assumptions
and estimates as of such date and are subject to a number of risks,
uncertainties and assumptions, including those described under the
sections in our Annual and Quarterly Reports filed with the
Securities and Exchange Commission. Because forward-looking
statements are inherently subject to risks and uncertainties, some
of which cannot be predicted or quantified and some of which are
beyond our control, you should not rely on these forward-looking
statements as predictions of future events. We undertake no
obligation to publicly update any forward-looking statements,
whether as a result of the receipt of new information, the
occurrence of future events, or otherwise.
Media
Contact:
Matthew
Bretzius
FischTank Marketing
and PR
matt@fischtankpr.com
Investor
Contact:
Charles
Degliomini
Rekor
ir@rekorsystems.com
This regulatory filing also includes additional resources:
rekr_ex99-2.pdf
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