COLUMBIA, Md., July 24, 2020 (GLOBE NEWSWIRE) -- Rekor Systems, Inc, (Nasdaq: REKR), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that James K. McCarthy has retired as the Chairman of the Board of Directors of Rekor Systems (the "Board") effective immediately. The resignation was not the result of any disagreement with the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. After accepting Mr. McCarthy’s resignation, the Board appointed the Company’s president and CEO Robert A. Berman to be its Executive Chairman upon the recommendation of its Governance Committee.

“Jim McCarthy served the Board and the Company with character and dignity during a period of extraordinary transformation for the Company. We are grateful for the selfless service and unmatched knowledge he brought to the Rekor Systems Board of Directors. His wisdom and experience will be missed, and we wish him well in his retirement,” said the Company’s Lead Director, Paul de Bary. “We are pleased to welcome Robert Berman as Board Chairman. He is a highly experienced executive who brings a proven track record and strategic vision to the Executive Chairman’s position. We look forward to benefiting from his insights and perspectives as we continue to execute our strategy to drive growth and value for our shareholders.”

Visit our website to learn more: https://www.rekor.ai

About Rekor Systems, Inc.

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 informed decisions faster, and 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 by our clients. 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: https://rekor.ai.