Rekor Systems Reaches $16.8M Agreement with OKDAC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2026
0mins
Should l Buy REKR?
Rekor Systems announced it has reached an agreement in principle with the Oklahoma District Attorneys Council, or OKDAC, to continue as the technology partner for its Uninsured Vehicle Enforcement Diversion, or UVED, program. The agreement, subject to final contract negotiations, carries a total value of $16.8M over a multi-year term.
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Analyst Views on REKR
Wall Street analysts forecast REKR stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.859
Low
2.50
Averages
3.25
High
4.00
Current: 0.859
Low
2.50
Averages
3.25
High
4.00
About REKR
Rekor Systems, Inc. is engaged in developing and implementing roadway intelligence systems using artificial intelligence (AI)-enabled computer vision and machine learning. The Company delivers mission-critical traffic and engineering services. It collects, connects and organizes the mobility data, and making it accessible and useful to its customers for real-time insights and decisioning for situational awareness, rapid response, risk mitigation, and predictive analytics for resource and infrastructure planning and reporting. Rekor One is its AI-powered roadway intelligence platform, serving multiple missions with modular and rapid development capabilities. Its products and solutions include Rekor Command for transportation management, Rekor Discover for urban mobility, and Rekor Scout for public safety, plus various commercial use cases. Its subsidiaries include Rekor Recognition Systems, Inc., Waycare Technologies, Ltd., Southern Traffic Services, Inc., and All Traffic Data Systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Pentagon Unveils Largest Counter-Drone Budget in History
- Record Counter-Drone Budget: The Pentagon's request for over $70 billion in its fiscal 2027 budget for drone platforms and counter-UAS systems marks a historic investment that is expected to significantly enhance national security capabilities and create substantial market opportunities for related companies.
- AI Surveillance Network Expansion: The Department of Homeland Security is constructing 890 AI-powered autonomous surveillance towers along the southern border, integrating detection, tracking, and interdiction, which is anticipated to improve border security and law enforcement efficiency, thereby driving growth for technology firms.
- Surge in Market Demand: Global government spending on counter-UAS systems exceeded $29 billion in publicly announced contracts during the first quarter of 2026, indicating a strong demand for layered defense programs that presents significant market opportunities for companies like VisionWave.
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See More
Rekor Secures $16.8 Million Contract with Oklahoma District Attorneys Council
- Significant Contract Value: Rekor Systems has secured a contract worth $16.8 million with the Oklahoma District Attorneys Council, which is expected to provide a stable revenue stream and enhance its market position in public safety.
- Deepening Technological Partnership: This contract allows Rekor to continue as the technology partner for the uninsured vehicle enforcement diversion program, utilizing its vehicle recognition sensors statewide to capture vehicle data and improve enforcement efficiency.
- Addressing Uninsured Driving Crisis: As the national uninsured driving crisis worsens, Oklahoma ranks 27th in uninsured motorist rates, and the implementation of this project aims to reduce the state's uninsured driving rate, thereby enhancing public safety.
- Positive Market Reaction: In pre-market trading on Nasdaq, REKR's stock price rose by 20.21% to $1.050, reflecting investor optimism regarding the contract and its potential benefits.
See More
Rekor Partners with Oklahoma for $16.8 Million UVED Program
- Technology Partnership: Rekor Systems has reached a preliminary agreement with the Oklahoma District Attorneys Council to continue as the technology partner for the Uninsured Vehicle Enforcement Diversion (UVED) Program, valued at $16.8 million, which is expected to provide the company with a long-term recurring revenue stream.
- Public Safety Impact: Since 2020, Rekor's vehicle recognition sensors have been deployed statewide, successfully improving Oklahoma's uninsured motorist rate from the worst in the nation to the middle tier, significantly enhancing public safety and alleviating burdens on law enforcement and the judiciary.
- Market Trend Response: Amid a deepening national crisis of uninsured driving, Rekor's technology has helped Oklahoma reverse this trend, demonstrating the company's substantial influence in the public safety and compliance technology market and enhancing its competitive position.
- Industry Implications: Uninsured driving shifts enormous financial risks onto responsible motorists, and Rekor's solutions not only protect drivers' rights but also save the insurance industry billions in claims costs, further solidifying its critical role in the industry.
See More
Pentagon Unveils Largest Counter-Drone Budget in History
- Historic Counter-Drone Budget: The Pentagon's request for over $70 billion in its fiscal 2027 budget for drone platforms and counter-UAS systems marks a historic investment that is expected to significantly enhance market opportunities for companies in the defense and security sectors.
- AI Surveillance Network Expansion: The Department of Homeland Security is constructing 890 AI-powered autonomous surveillance towers along the southern border, integrating detection, tracking, and interdiction capabilities, which will enhance border security and operational efficiency, benefiting technology firms in this space.
- Surge in Market Demand: Global government spending on counter-UAS systems surpassed $29 billion in publicly announced contracts during Q1 2026, indicating a pressing demand for autonomous interceptor drones, particularly across NATO's eastern flank and Gulf states, driving rapid procurement of related technologies.
- Patent Application Strengthens Position: VisionWave Holdings has filed a provisional patent for its xCalibre™ visual intelligence platform, designed to convert conventional camera feeds into intelligent sensor data, which is expected to bolster its competitive edge in AI-driven computer vision and edge intelligence, positioning the company for future growth.
See More
Pentagon Unveils Largest Counter-Drone Budget in History
- Record Counter-Drone Budget: The Pentagon's request for over $70 billion in its fiscal 2027 budget for drone platforms and counter-UAS systems marks a historic investment that is expected to significantly enhance national security capabilities and create substantial market opportunities for related companies.
- AI Surveillance Network Expansion: The Department of Homeland Security is constructing 890 AI-powered autonomous surveillance towers along the southern border, integrating detection, tracking, and interdiction, which is anticipated to improve border security and law enforcement efficiency, thereby driving growth for technology firms.
- Surge in Market Demand: Global government spending on counter-UAS systems exceeded $29 billion in publicly announced contracts during the first quarter of 2026, indicating a strong demand for layered defense programs that presents significant market opportunities for companies like VisionWave.
- Patent Application Strengthens Position: VisionWave Holdings has filed a provisional patent application for its xCalibre™ visual intelligence platform, designed to transform conventional camera feeds into intelligent sensor data, thereby enhancing its competitive position in AI-driven computer vision and edge intelligence markets.
See More
VisionWave Files Provisional Patent for xCalibre AI Surveillance Technology
- Patent Application Progress: VisionWave Holdings filed a provisional patent for its xCalibre™ visual intelligence platform on April 24, 2026, aiming to transform conventional cameras into intelligent sensors that enhance detection and response capabilities, thereby strengthening the company's competitive edge in the AI surveillance market.
- Significant Market Potential: The military AI video surveillance market is projected to grow from $655 million in 2024 to approximately $3 billion by 2030, reflecting rapid growth in defense budgets and urgent demand for intelligent monitoring solutions, aligning perfectly with VisionWave's technology.
- Innovative Technical Architecture: xCalibre™ features a multi-stage architecture capable of processing data from various camera types, providing functionalities such as object recognition and threat scoring, which will significantly enhance the efficiency and practicality of surveillance systems to meet increasingly complex security needs.
- Competitive Industry Advantage: The patent application may bolster VisionWave's intellectual property position in AI-driven computer vision and edge intelligence, as the market increasingly favors companies that own the underlying architecture, potentially leading to long-term commercial value for the technology.
See More
VisionWave Files Provisional Patent for xCalibre AI Surveillance Platform
- Patent Application Progress: VisionWave Holdings filed a U.S. provisional patent application on April 24, 2026, for its xCalibre™ visual intelligence platform, aiming to convert conventional camera streams into structured, machine-actionable sensor intelligence, potentially providing a competitive edge in the rapidly growing military AI surveillance market.
- Significant Market Potential: The military AI video surveillance segment was valued at approximately $655 million in 2024 and is projected to reach about $3 billion by 2030, indicating strong growth potential that could enhance the company's value in defense intellectual property.
- Industry Developments: Kratos Defense was awarded a contract worth up to $446.8 million to support the U.S. Space Force's missile warning and tracking program, reflecting a trend of increasing defense spending that may create more opportunities for related technology companies.
- Technological Innovation: The xCalibre™ platform is designed to utilize not only visible light but also thermal, infrared, and stereoscopic camera inputs, aiming to enhance the intelligence level of surveillance systems, thereby providing more effective threat detection and response capabilities in an increasingly complex security environment.
See More
Rekor Secures $16.8 Million Contract with Oklahoma District Attorneys Council
- Significant Contract Value: Rekor Systems has secured a contract worth $16.8 million with the Oklahoma District Attorneys Council, which is expected to provide a stable revenue stream and enhance its market position in public safety.
- Deepening Technological Partnership: This contract allows Rekor to continue as the technology partner for the uninsured vehicle enforcement diversion program, utilizing its vehicle recognition sensors statewide to capture vehicle data and improve enforcement efficiency.
- Addressing Uninsured Driving Crisis: As the national uninsured driving crisis worsens, Oklahoma ranks 27th in uninsured motorist rates, and the implementation of this project aims to reduce the state's uninsured driving rate, thereby enhancing public safety.
- Positive Market Reaction: In pre-market trading on Nasdaq, REKR's stock price rose by 20.21% to $1.050, reflecting investor optimism regarding the contract and its potential benefits.
See More
Rekor Partners with Oklahoma for $16.8 Million UVED Program
- Technology Partnership: Rekor Systems has reached a preliminary agreement with the Oklahoma District Attorneys Council to continue as the technology partner for the Uninsured Vehicle Enforcement Diversion (UVED) Program, valued at $16.8 million, which is expected to provide the company with a long-term recurring revenue stream.
- Public Safety Impact: Since 2020, Rekor's vehicle recognition sensors have been deployed statewide, successfully improving Oklahoma's uninsured motorist rate from the worst in the nation to the middle tier, significantly enhancing public safety and alleviating burdens on law enforcement and the judiciary.
- Market Trend Response: Amid a deepening national crisis of uninsured driving, Rekor's technology has helped Oklahoma reverse this trend, demonstrating the company's substantial influence in the public safety and compliance technology market and enhancing its competitive position.
- Industry Implications: Uninsured driving shifts enormous financial risks onto responsible motorists, and Rekor's solutions not only protect drivers' rights but also save the insurance industry billions in claims costs, further solidifying its critical role in the industry.
See More
