• Thu. Jun 20th, 2024

Rekor Systems Secures Patent for Revolutionary Sensor Protecting Privacy in Traffic Monitoring

BySamantha Jones

May 22, 2024
Rekor achieves a significant milestone with new patent for privacy-enhanced traffic management technology

On Wednesday, Rekor Systems (NASDAQ: REKR) announced that the U.S. Patent Office has granted it a patent titled “Systems and Methods for Consolidated Traffic Monitoring with Privacy Protection.” This news caused REKR’s stock price to increase by 1.28% in premarket trading to $1.58.

According to the company, this new patent 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.

Rekor Systems (REKR) stated that this development is a significant step for the company as it demonstrates their commitment to technological advancements and the protection of sensitive information. By securing its technology and providing a valuable solution for a wide range of applications, Rekor Systems (REKR) is able to further establish itself as a leader in the field of traffic monitoring and data analytics.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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