Thu, 27 Feb 2020

Leading SaaS based parking solutions company to offer Rekor's iP360 Parking and Permit Management Software as a simple, reliable, and affordable solution to its global client-base

COLUMBIA, MD / ACCESSWIRE / February 11, 2020 / Rekor Systems, Inc. (NASDAQ:REKR) ('Rekor'), a Nasdaq company focused on bringing smarter, faster, cost-competitive solutions to the worlds of public safety and customer experience, announced today it has signed a licensing agreement with SecurePark Technologies to enable the resale of Rekor's cutting edge iP360 Parking Ticket & Permit Management Software Suite.

Built using cutting edge Microsoft technology, iP360 creates seamless and efficient processes for registered owner information management, adjudication management, payment integration, letter creation, and reporting. It also comes with a permit management module and can be integrated within a city's handheld enforcement devices.

SecurePark will offer Rekor's iP360 platform on a software-as-a-service (SaaS) subscription model for parking operations customers. SecurePark's customers include parking owners, operators and security companies in the United States and Canada who provide services to airports, schools, hospitals, hotels, transportation and property management (commercial, retail, residential) clients.

'Rekor's iP360 platform is a robust parking, permit and violation management solution that our customers will benefit from when using with SecurePark's mobile enforcement solutions. iP360 is easy to integrate, highly scalable and the licensing supports our SaaS based subscription model, making it affordable for all budgets,' said Shane Nolan, President, SecurePark. 'We're excited to partner with Rekor to offer cutting-edge parking technologies to our clients across the globe.'

The agreement with SecurePark represents further penetration by Rekor into the parking vertical. Last year it announced a licensing agreement with ParkSmart, a subsidiary of Coinamatic Canada, whose first deployment of the iP360 system is in the final stages of launching with the City of Ottawa. Once live, it will enable the city to manage and track parking tickets throughout the ticket lifecycle.

'We are excited to announce our partnership with SecurePark, a recognized leader in the parking management software industry, and to continue our penetration of this growing vertical. All around the world, parking operations supervisors are searching for more efficient ways to manage inventory and streamline the handling of permit issuance, payments, reporting, and more,' said Robert A. Berman, President and CEO, Rekor. 'Rekor's iP360 is an all-inclusive solution that enables the simple management of all aspects of parking operations, from a single dashboard. The selection by two leaders in the space serves as validation that our iP360 platform is the go-to solution.'

The combination of Rekor's vehicle recognition systems with its iP360 platform creates a complete and scalable parking management solution. The system, powered by OpenALPR's state-of-the-art AI-based software, allows additional capabilities such as gate access and fixed and portable camera monitoring using whitelist features. Data captured by the system can be used to create strategies to optimize parking management and enforcement, with more efficient oversight of residential, employee, and visitor parking. The powerful, dynamic platform can be used where any type of approved permits is valid. Customers have several permit management options including applying for a new permit for property including office building garages/lots, municipal garages/lots, convention centers, hotels, or multi-purpose developments.

To learn more about Rekor's parking management systems, visit our website.

About Rekor Systems, Inc.

Rekor Systems, Inc. is a publicly traded company listed on Nasdaq (REKR) with headquarters in Columbia, Maryland. Rekor is focused on bringing smarter, faster, cost-competitive solutions to the worlds of public safety and customer experience. With a strong presence in over seventy countries across the world, we use the power of artificial intelligence to provide actionable, vital information for our clients. Whether it's using machine learning software to give those who protect us better tools to keep us safe, or through solutions tailored to improving the everyday lives of everyday people, Rekor has the tech, and the expertise, for the job. At Rekor, we strive to make the impossible … possible. To learn more please visit our website: https://rekorsystems.com.

About SecurePark Technologies, Inc.

SecurePark Technologies Inc. has been providing parking management and enforcement solutions for customers in education, healthcare, municipalities, property management, security services and for parking operators of all sizes. SecurePark provides simple, reliable, affordable, cloud-based parking management applications using smartphones, sensors and automatic license plate recognition (ALPR / ANPR) technologies. For more information, visit http://www.securepark.io

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 Systems, Inc.
ir@rekorsystems.com

SOURCE: Rekor Systems, Inc.



View source version on accesswire.com:
https://www.accesswire.com/575966/Rekor-Selected-by-SecurePark-Technologies-to-Deploy-Cutting-Edge-Parking-Management-Solutions

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