SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety
technology company, and Rekor Systems, Inc. (Nasdaq: REKR), a
leader in developing and implementing state-of-the-art roadway
intelligence technology for public safety, urban mobility, and
transportation management, today announced a strategic partnership
to create and launch a new end-to-end public safety solution,
“PlateRanger, Powered by Rekor.”
This collaboration brings together two industry leaders,
combining SoundThinking's expertise in acoustic gunshot detection
and investigative solutions with Rekor's best-in-class vehicle and
LPR solutions. PlateRanger is now available for demonstration and
quotation and is expected to be part of the SafetySmart™ platform
starting in September 2024, marking SoundThinking's expansion into
the growing LPR market. This market is estimated to be $3.2B
globally, according to Emergen Research.
The collaboration between SoundThinking and Rekor represents a
fusion of cutting-edge public safety technologies, paving the way
for a new era of comprehensive roadway intelligence and law
enforcement solutions. This strategic partnership, formalized
through the recent inclusion of SoundThinking in the Rekor Partner
Network (“RPN”), a global ecosystem of technology, data, and
solution providers working together to generate the most
comprehensive and innovative solutions in roadway intelligence, is
expected to create powerful synergies between two industry leaders
by combining SoundThinking’s extensive law enforcement customer
base and brand strength with Rekor’s advanced roadway intelligence
capabilities.
“We’ve been using ShotSpotter successfully for years to improve
our response time to shootings and save lives, and Rekor to provide
accurate and rapid vehicle and license plate recognition to
identify criminal suspect vehicles,” said Patrol Captain Paul Grech
of the Bridgeport, CT Police Department. “The idea of more tightly
integrating these two useful and proven products is compelling and
can provide even better investigative insight for our department to
solve crimes, ultimately supporting our mission to protect and
serve the community.”
SoundThinking’s new PlateRanger offering bundles solar power,
warranty, integrations and customer service into a single
subscription price, providing law enforcement agencies with a
cost-effective and efficient tool to enhance their investigative
capabilities.
When used in conjunction with ShotSpotter®, PlateRanger will
enable streamlined investigations for gun crimes, improved
operational efficiency, and real-time, actionable intelligence
without the need for additional resources. When used standalone,
the system delivers significant investigative value for
vehicle-related crime.
“We’re thrilled to partner with Rekor Systems and this
represents our commitment to bringing innovative solutions that
help solve public safety challenges,” said Ralph Clark, CEO of
SoundThinking. “We believe this strategic partnership is
synergistic and will be a game changer, with two market leaders
collaborating to bring unique value to customers. Partnering with
the established industry leader in vehicle recognition and LPR
helps ensure that customers receive a seamless experience and can
maximize the impact of a fully integrated solution.”
David Desharnais, CEO of Rekor Systems, stated, “Our
collaboration with SoundThinking significantly broadens the impact
of our advanced roadway intelligence technologies for public
safety. By merging our capabilities, we are developing an
integrated solution poised to redefine public safety technology. We
are thrilled about the innovation this alliance will deliver and
its potential to profoundly benefit communities nationwide.”
Rekor’s products and technologies are established in the law
enforcement sector and beyond, serving as mission-critical
solutions for thousands of customers worldwide who rely on its
roadway intelligence technologies. This presents significant
potential opportunities for SoundThinking’s SafetySmart
solutions.
Privacy policy and controls are a priority at SoundThinking,
which has expanded its robust existing privacy and security policy
to incorporate technology controls in the PlateRanger solution in
order to protect communities.
Safe Harbor StatementThis press release
contains “forward-looking statements” within the meaning of the
“safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995, including but not limited to statements
regarding the creation and launch of a new public safety solution,
PlateRanger, powered by Rekor, including the expected availability,
capabilities and potential thereof, expected synergy resulting from
the partnership between SoundThinking and Rekor, and expansion
opportunities for SoundThinking’s SafetySmart solutions. Words such
as “expect,” “anticipate,” “should,” “believe,” “target,”
“project,” “goals,” “estimate,” “potential,” “predict,” “may,”
“will,” “could,” “intend,” variations of these terms or the
negative of these terms and similar expressions are intended to
identify these forward-looking statements. Forward-looking
statements are subject to a number of risks and uncertainties, many
of which involve factors or circumstances that are beyond the
company’s control. Actual results could differ materially from
those stated or implied in forward-looking statements due to a
number of factors, including but not limited to the effective use
of the company’s technology and achieving its intended benefits, as
well as other risk factors included in the company’s most recent
annual report on Form 10-K and quarterly report on Form 10-Q and
other Securities and Exchange Commission filings. These
forward-looking statements are made as of the date of this press
release and are based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. Except as required by law, the company undertakes no
duty or obligation to update any forward-looking statements
contained in this release as a result of new information, future
events or changes in its expectations.
About SoundThinkingSoundThinking, Inc. (Nasdaq:
SSTI) is a leading public safety technology company that delivers
AI- and data-driven solutions for law enforcement, civic
leadership, and security professionals. SoundThinking is trusted by
approximately 250 customers and has worked with over 2,100 agencies
to drive more efficient, effective, and equitable public safety
outcomes. The company’s SafetySmart™ platform includes
ShotSpotter®, the leading acoustic gunshot detection system;
CrimeTracer™, the foremost law enforcement search engine;
CaseBuilder™, a one-stop investigation management system;
ResourceRouter™, software that directs patrol and community
anti-violence resources to help maximize their impact; and
SafePointe®, a next-generation concealed weapons detection system.
SoundThinking has been designated a Great Place to Work® Company.
Please visit www.soundthinking.com.
About Rekor Systems, Inc. Rekor Systems, Inc.,
(NASDAQ: REKR) is a trusted global authority in developing and
delivering roadway intelligence utilizing 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. With our Rekor One™ Roadway
Intelligence Engine at the foundation of our technology, we
aggregate and transform trillions of data points into intelligence
through proprietary computer vision, machine learning, and big data
analytics that power our platforms and applications. 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 https://www.rekor.ai/.
Company Contact:Alan Stewart, CFOSoundThinking,
Inc.+1 (510) 794-3100astewart@soundthinking.com
Investor Relations Contact:Matt Glover and Greg
BradburyGateway Group, Inc.+1 (949)
574-3860SSTI@gateway-grp.com
Media & Investor Relations Contact:Rekor
Systems, Inc.Charles Degliominiir@rekor.ai
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