Rekor Systems (NASDAQ:REKR) announced on Wednesday 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 rise by 1.28% in premarket trading to $1.58. The patent is one of many that Rekor Systems has filed for and received, and it includes a versatile sensor that combines traffic monitoring with the protection of personally identifiable information.
According to the company, this sensor can capture high-resolution images of vehicles and process them using advanced algorithms to produce accurate records for each vehicle. This technology allows for a wide range of applications while maintaining privacy protection for individuals. Rekor Systems (REKR) believes that this patent and others like it will help them advance their offerings in the field of traffic monitoring and data protection.