Partnership will provide greater visibility into extreme weather events that can impact road safety to enhance proactive traffic management operations
Rekor Systems, Inc, (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to build safer, smarter and more efficient cities around the world through intelligent infrastructure, today announced that it has partnered with the world's leading Weather Intelligence Platform, Tomorrow.io. The partnership will enable data integration to provide transportation agencies increased visibility into weather-related challenges impacting traffic conditions. Government agencies and other field users will benefit from predictive insights to identify high-risk zones and routes and enable proactive operational decisioning to increase road safety prior to weather impact.
"As areas around the world are experiencing extreme weather that is unprecedented in its severity and frequency, it is critical to give governments, communities, and first responders better information and actionable intelligence to ensure public safety at a massive scale," said Robert A. Berman, President and CEO, Rekor. "This new partnership between Rekor and Tomorrow.io takes a major step forward on the availability of quality data and insights that can help increase public safety on roadways immediately."
Rekor currently incorporates a number of data sources from governmental agencies to partners including Volvo Cars. The partnership with Tomorrow.io will provide an additional level of intelligence to understand the impact of current and forecasted weather events like snow on the roadway, black ice, excessive heat, thunderstorms, hurricanes, storm surges and more. Additionally, the integrated solution will provide customers with real-time visualization of these events within the Rekor solution for faster and more effective planning and response.
"Reduced visibility is one of the leading causes of traffic incidents, and many customers are unable to get accurate, advanced forecasts on when and where this is likely to occur on roadways," said Noam Maital, Co-Founder, Rekor's subsidiary Waycare Technologies. "Our solution uses AI to ingest, synthesize, and process weather information from a variety of sources and use it to increase the accuracy of forecasts. This partnership with Tomorrow.io provides us with highly granular data that will increase both the accuracy of these forecasts and, more importantly, allow insights to be used proactively rather than reactively. The real time aspect of these insights allows customers to address likely trouble spots before drivers are put at risk."
The need for better weather forecasting and safety planning have been a priority for Rekor, especially given its customer base in regions often threatened by extreme weather events. In late August, as Hurricane Ida and the Caldor Fire made headway, Rekor jumped into action, releasing extreme weather features ahead of schedule for clients in Louisiana and the Tahoe Basin. The features enabled regional traffic management operators to view roads impacted by flooding, fires, and closures, as well as monitor progress of local evacuations.
"We must increase our resilience to these extreme weather events that can bring about severe consequences for drivers," said Itai Zlotnik, Chief Customer Officer and Co-Founder, Tomorrow.io. "We are transforming how forecasts are translated into proactive actions that can save lives and reduce damages. Together with Rekor, we will bring our combined solution to traffic management agencies to help them reduce the number and severity of traffic incidents caused by weather events."
About Tomorrow.io
Tomorrow.io is the world's leading Weather Intelligence Platform™. Fully customizable to any industry impacted by the weather, customers around the world including Uber, Delta, Ford, National Grid and more use Tomorrow.io to dramatically improve operational efficiency. Tomorrow.io was built from the ground up to help teams predict the business impact of weather, streamline team communication and action plans, improve productivity, and optimize profit margins.
About Rekor Systems
Rekor Systems, Inc. (NASDAQ:REKR) is a trusted global authority on intelligent infrastructure providing innovative solutions that drive the world to be safer, smarter and more efficient. As a provider of comprehensive, continuous and real-time roadway intelligence, Rekor leverages AI, machine learning and holistic data to support the intelligent infrastructure that is essential for smart mobility. With its disruptive technology the Company delivers integrated solutions, actionable insights and predictions that increase roadway safety. To learn more please visit our website: https://rekor.ai.
CONTACTS:
Media:
Robin Bectel
REQ for Rekor Systems
This email address is being protected from spambots. You need JavaScript enabled to view it.
Dan Slagen
Tomorrow.io
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations Contact:
Rekor Systems, Inc.
Bulent Ozcan
This email address is being protected from spambots. You need JavaScript enabled to view it.
Last Trade: | US$1.01 |
Daily Change: | 0.12 13.48 |
Daily Volume: | 5,624,951 |
Market Cap: | US$94.770M |
November 14, 2024 August 21, 2024 August 12, 2024 August 07, 2024 |
GreenPower Motor designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van, and a cab and chassis...
CLICK TO LEARN MOREHillcrest Energy Technologies is a clean technology company developing high value, high performance power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable...
CLICK TO LEARN MORECOPYRIGHT ©2022 GREEN STOCK NEWS