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Rekor Systems (NASDAQ: REKR) is pleased to announce that the U.S. Patent Office has granted it a patent titled “Systems and Methods for Consolidated Traffic Monitoring with Privacy Protection.” This news has caused REKR’s stock price to increase by 1.28% in premarket trading to $1.58. The company stated that this new patent, along with several other patent applications and awards, introduces a multi-functional sensor that prioritizes protecting personally identifiable information while still serving various applications.
The sensor is designed to create precise per-vehicle records by capturing high-resolution vehicle images and analyzing them using advanced algorithms, according to Rekor Systems (REKR). With this technology, the company is able to provide accurate and useful data while ensuring that privacy is protected. The patent for “Systems and Methods for Consolidated Traffic Monitoring with Privacy Protection” is a key component of Rekor Systems’ strategy for protecting personal information.
Rekor Systems (REKR) has been committed to developing innovative solutions that prioritize privacy since its inception. This new sensor marks a significant step forward in the company’s mission to deliver accurate data while protecting sensitive information.
“We are thrilled about this patent award,” said William C. Todd Jr., President and CEO of Rekor Systems (REKR). “It underscores our commitment to delivering cutting-edge technology that prioritizes privacy protection.”
This development represents a significant milestone for Rekor Systems (REKR), as it demonstrates their commitment to technological advancements and the protection of sensitive information.
