RCS - Rekor Systems, Inc. - Rekor Systems Announces Board Nominations
27/07/2023 07:45
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RNS Number : 3438H Rekor Systems, Inc. 27 July 2023
Rekor Systems Announces Nomination of Professor Sanjay Sarma and Tim Davenport
As New Board Directors
Distinguished nominees will bring important subject matter and analytical
expertise in urban mobility and finance to the Board
COLUMBIA, MD / ACCESSWIRE / July 27, 2023 / Rekor Systems, Inc. (NASDAQ:REKR)
("Rekor" or the "Company"), a trusted global authority in developing and
delivering roadway intelligence using state-of-the-art AI and machine learning
today announced that it will nominate two new directors for election at the
Company's upcoming annual meeting of shareholders. The two new additions to
its Board of directors are Professor Sanjay Sarma (https://pr.report/LcpIrqNQ)
, President, CEO, and Dean of Asia School of Business ("ASB"), and Mr. Tim
Davenport, Chief Operating Officer and Chief Compliance Officer for Arctis
Global LLC.
Professor Sarma has long been recognized as a thought leader in urban mobility
as a co-founder at MIT of the Auto-ID Center, which coordinated the work of
major universities around the world in the development of EPCglobal, the
current open standard system for RFID. This project laid the groundwork for
developing the Internet of Things (IoT). With Linda Bernardi and Kenneth
Traub, Professor Sarma co-authored The Inversion Factor: How to Thrive in the
IoT Economy (https://pr.report/wFTeom56) (MIT Press, 2017). He is also the
founder of IoTask, which provides consulting and advisory services on creating
and implementing IOT systems across a number of industry sectors.
Expressing his enthusiasm for the work being done at Rekor, Professor Sarma
said, "A future of smart transportation and autonomous vehicles must involve
sensor data from roads. I am very excited by Rekor's AI-based approach to
smart infrastructure."
As a seasoned professional with over 20 years of experience in the hedge fund
industry, Mr. Davenport brings a vast wealth of financial and operational
expertise to the Board. His keen financial insight will be invaluable in
shaping Rekor's financial strategies and acquisition initiatives. Mr.
Davenport is a Fellow Chartered Accountant of the Institute of Chartered
Accountants in England and Wales. He also holds a degree in mechanical
engineering from the University of Birmingham. Before joining Arctis, Mr.
Davenport has served as Head of Fund Accounting for Marshall Wace, as COO for
MW Eaglewood, and as CFO for Winton, a research-based investment management
company with a special focus on statistical inference in financial markets.
Commenting on his nomination, Davenport shared, "For over a decade, Rekor's
mission has been to collect, connect and organize the world's mobility data to
deliver safer, smarter, and more efficient transportation. I am very excited
to become part of this mission and join the Board at a time when the Company
is poised for rapid expansion and growth."
Rekor CEO and Chair Robert A. Berman acknowledged the immense value the new
appointments will bring. He said, "We are very enthusiastic about adding
Professor Sarma and Mr. Davenport to our Board. Their collective expertise in
technology and finance will significantly elevate Rekor's trajectory, helping
us continue to achieve our ambitious goals. Their arrival signifies a
promising future for our Company."
Concurrently with these appointments, Rekor announced that Dr. Richard Nathan
will be retiring from the Board at the expiration of his current term. Berman
acknowledged Nathan's contributions, remarking, "We are profoundly grateful to
Richard for his instrumental role in launching Rekor Systems and his tireless
and unwavering commitment throughout his tenure. His insights and involvement
have significantly influenced our growth."
About Rekor Systems, Inc.
Rekor Systems, Inc. (NASDAQ:REKR) is a trusted global authority in developing
and delivering roadway intelligence using state-of-the-art AI and machine
learning. Pioneering the implementation of digital infrastructure in our
communities, Rekor is redefining infrastructure by collecting, connecting, and
organizing the world's mobility data - laying the foundation for a
digital-enabled operating system for the road. Our Rekor One® Roadway
Intelligence Engine powers all of our platforms and applications, providing
the foundation of our technology by aggregating and transforming trillions of
data points into actionable intelligence through proprietary computer vision,
machine learning, and data fusion. Our solutions provide actionable insights
that give governments and businesses a comprehensive picture of roadways while
providing a collaborative environment that drives the world to be safer,
greener, and more efficient. To learn more, please visit our website:
www.rekor.ai (https://pr.report/QG4pjz8o) , and follow Rekor on social media
on LinkedIn (https://pr.report/ECkR9dZb) , Twitter
(https://pr.report/ZczhuNJQ) , Threads (https://pr.report/rvlfx7KI) , and
Facebook (https://pr.report/UVEgtmBq) .
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Media & Investor Relations Contact:
Rekor Systems, Inc.
Charles Degliomini
ir@rekorsystems.com (mailto:ir@rekorsystems.com)
SOURCE: Rekor Systems, Inc.
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