June 23, 2024 8:34 pm
Rekor achieves a significant milestone with new patent for privacy-enhanced traffic management technology

On Wednesday, Rekor Systems (NASDAQ: REKR) announced that it has been granted a patent titled “Systems and Methods for Consolidated Traffic Monitoring with Privacy Protection” by the U.S. Patent Office. This news caused the company’s stock price to increase by 1.28% in premarket trading to $1.58. The company stated that this new patent, along with several other patent applications and awards, introduces a multi-functional sensor that prioritizes protecting personally identifiable information while still serving various applications.

According to Rekor Systems (REKR), the sensor is designed to create precise per-vehicle records by capturing high-resolution vehicle images and analyzing them using advanced algorithms. This technology is expected to be used in a variety of applications, including traffic management, law enforcement, and transportation planning.

By obtaining this patent, Rekor Systems (REKR) is able to secure its technology and provide a valuable solution for a wide range of applications. The company has filed for or received several other patents as well, which are key components of its strategy for protecting personal information while still delivering accurate and useful data.

The development of this innovative sensor is a significant step for Rekor Systems (REKR) as it demonstrates their commitment to technological advancements and the protection of sensitive information. With this technology in place, the company is poised to become a leader in the field of consolidated traffic monitoring while maintaining privacy protections for all individuals involved.

Overall, the granting of this patent represents an exciting milestone for Rekor Systems (REKR), and it will undoubtedly help drive growth in the years ahead as the company continues to innovate and expand its offerings.

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