Rekor Systems Fully Satisfies Outstanding Balance from Yorkville Advisors

Financial Update - Rekor Systems fully satisfied the outstanding balance of $15 million under its August 2024 Prepaid Advance Agreement with an affiliate of Yorkville Advisors Global as of December 31, 2024 [1] - The prepayment demonstrates the company's commitment to prudent financial management and shareholder value creation, enhancing balance sheet flexibility [2] - Eliminating this obligation early positions Rekor to better capitalize on strategic growth initiatives while maintaining disciplined capital allocation [2] Company Overview - Rekor Systems is a leader in developing and implementing state-of-the-art roadway intelligence systems using AI-enabled computer vision and machine learning [3] - The company is a pioneer in digital infrastructure implementation, collecting, connecting, and organizing the world's mobility data to create a digitally-enabled operating system for roadways [3] - Rekor's core technology, the Rekor One® Roadway Intelligence Engine, aggregates and transforms trillions of data points into actionable intelligence through proprietary computer vision, machine learning, and big data analytics [3] - The company's solutions provide governments and businesses with comprehensive roadway insights, aiming to create a safer, greener, and more efficient world [3]