Rekor Systems Launches AI-Powered Traffic Monitoring Project with $1.5M Grant
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Rekor Systems, Inc. (NASDAQ:REKR) has launched its Strategic Corridor Monitoring project, funded by a $1.5M federal and state grant. The project will deploy AI-powered sensors to provide real-time traffic insights for the Maryland Department of Transportation State Highway Administration (MDOT).
August 05, 2024 | 11:37 am
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Rekor Systems has launched a new AI-powered traffic monitoring project funded by a $1.5M grant. This project aims to provide real-time traffic insights for MDOT, potentially boosting REKR's revenue and market position.
The $1.5M grant and the launch of the AI-powered traffic monitoring project are significant for Rekor Systems. This initiative not only provides immediate revenue but also strengthens its relationship with MDOT, potentially leading to more contracts and a stronger market position.
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