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Rekor Systems Selected By SCDOT For Statewide Contract With 7-Yr Term And Expected Potential Value In Excess Of $22M
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Rekor Systems, Inc. (NASDAQ:REKR), which builds trusted data, privacy, and security solutions for real-world video and sensor networks, today announced it has been selected by the South Carolina Department of Transportation (SCDOT) for a statewide contract with a seven-year term and an expected potential value in excess of $22 million. The award is subject to customary final contract negotiations.

Under the contract, Rekor will maintain, upgrade, and modernize SCDOT's statewide network of traffic count, vehicle classification, and speed monitoring sites, along with the agency's weigh-in-motion (WIM) sites. The work replaces aging in-road sensor infrastructure with non-intrusive, AI-powered roadside systems that deliver higher accuracy, require no lane closures to service, and produce data that exceeds Federal Highway Administration (FHWA) reporting standards.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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