Category: REKR

REKR – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of August 30, 2021 – REKR

New York, New York–(Newsfile Corp. – August 22, 2021) – The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (“Rekor Systems”) (NASDAQ: REKR) between April 12, 2019 and May 25, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of Maryland. To get more information go to:

https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=18811&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Cannot view this image? Visit: https://www.elitestockchat.com/wp-content/uploads/2021/08/94032_232568_logo.jpg

Rekor Systems, Inc. f/k/a Novume Solutions, Inc. NEWS – REKR NEWS

CASE DETAILS: According to the filed complaint: (i) Rekor’s automatic license plate recognition (“ALPR”) technology and uninsured vehicle enforcement diversion (“UVED”)-related business is outclassed by global competitors with an established, dominant market share; (ii) it was unlikely that states would pass legislation authorizing deals similar to Rekor’s Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns; (iii) Rekor’s UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (iv) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Rekor Systems, you have until August 30, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Rekor Systems securities between April 12, 2019 and May 25, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=18811&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm’s Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs’ securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94032

info

REKR – Rekor Class Action Reminder

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Rekor To Contact Him Directly To Discuss Their Options

New York, New York–(Newsfile Corp. – August 22, 2021) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Rekor Systems, Inc. (“Rekor” or the “Company”) (NASDAQ: REKR) and reminds investors of the August 30, 2021 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $50,000 investing in Rekor stock or options between April 12, 2019 and May 25, 2021 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/REKR.

Cannot view this image? Visit: https://www.elitestockchat.com/wp-content/uploads/2021/08/94010_dce96a53446c8bcd_001.jpg

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.

As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Rekor’s ALPR technology and UVED-related business is outclassed by global competitors with an established, dominant market share; (2) it was unlikely that states would pass legislation authorizing deals similar to Rekor’s Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns; (3) Rekor’s UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (4) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Specifically, on May 10, 2021, a bill authorizing the establishment of a state UVED program was excluded from the Texas Legislature’s Daily House Calendar and left pending in a state committee. Because May 10, 2021 was the deadline for the Texas UVED bill to move from the committee, news sources reported significant market speculation that the bill was dead. Further, on a post-market earnings call that same day to discuss Rekor’s first quarter 2021 financial results, Defendant Berman also indicated that Rekor may not secure a UVED agreement with Texas.

On news of the Texas UVED bill’s exclusion from the state’s Daily House Calendar, Rekor’s stock price fell $5.20 per share, or 27.5%, to close at $13.71 per share on May 10, 2021. Then, following Defendants’ post-market conference call with investors the same day, Rekor’s stock price fell an additional $2.45 per share, or 17.87%, to close at $11.26 per share on May 11, 2021-representing a two-day total decline of $7.65 per share, or 40.45%. Despite this decline in the Company’s stock price, Rekor securities continued to trade at artificially inflated prices throughout the remainder of the Class Period because of Defendants’ continued misrepresentations or omissions with respect to Rekor’s ALPR business prospects.

Then, on May 26, 2021, private investor Western Edge published a report addressing Rekor, entitled “Rekor Systems: Lackluster Growth Runway And Exaggerated Insurance Scheme Raise Substantial Downside Risk.” The Western Edge report alleged, among other things, that global competition was “miles ahead” of Rekor in ALPR development and market establishment; that “realized results suggest management’s potential revenue guidance could be overstated by up to 80%”; and that investors were at risk of facing a “massive downside if [the Company’s] growth doesn’t show up.”

Also on May 26, 2021, Mariner published a report addressing Rekor, entitled “REKR – Government documents do not support investor expectations.” The Mariner report largely comported with, and supplemented, the Western Edge report, finding that, among other things, “Oklahoma government budgets imply that [Rekor]’s much vaunted UVED program is a sub $2MM revenue opportunity – almost 96% less than the >$40MM in revenue intimated by Rekor’s CEO” and that Rekor’s “largest contributor to 2020 revenue will fall 95% in 2021 due to its non-recurring nature.”

Following publication of the Western Edge and Mariner reports, Rekor’s stock price fell $0.44 per share, or 3.93%, to close at $10.77 per share on May 26, 2021.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Rekor’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94010

info

REKR – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of August 30, 2021 – REKR

New York, New York–(Newsfile Corp. – August 15, 2021) – The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (“Rekor Systems”) (NASDAQ: REKR) between April 12, 2019 and May 25, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of Maryland. To get more information go to:

https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=18556&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Cannot view this image? Visit: https://www.elitestockchat.com/wp-content/uploads/2021/08/93200_816677_logo.jpg

Rekor Systems, Inc. f/k/a Novume Solutions, Inc. NEWS – REKR NEWS

CASE DETAILS: According to the filed complaint: (i) Rekor’s automatic license plate recognition (“ALPR”) technology and uninsured vehicle enforcement diversion (“UVED”)-related business is outclassed by global competitors with an established, dominant market share; (ii) it was unlikely that states would pass legislation authorizing deals similar to Rekor’s Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns; (iii) Rekor’s UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (iv) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Rekor Systems, you have until August 30, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Rekor Systems securities between April 12, 2019 and May 25, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=18556&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm’s Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs’ securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93200

info

REKR – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of August 30, 2021 – REKR

New York, New York–(Newsfile Corp. – August 12, 2021) –  The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (“Rekor Systems”) (NASDAQ: REKR) between April 12, 2019 and May 25, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of Maryland. To get more information go to:

https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=18500&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Cannot view this image? Visit: https://www.elitestockchat.com/wp-content/uploads/2021/08/92977_541138_logo.jpg

Rekor Systems, Inc. f/k/a Novume Solutions, Inc. NEWS – REKR NEWS

CASE DETAILS: According to the filed complaint: (i) Rekor’s automatic license plate recognition (“ALPR”) technology and uninsured vehicle enforcement diversion (“UVED”)-related business is outclassed by global competitors with an established, dominant market share; (ii) it was unlikely that states would pass legislation authorizing deals similar to Rekor’s Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns; (iii) Rekor’s UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (iv) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Rekor Systems, you have until August 30, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Rekor Systems securities between April 12, 2019 and May 25, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=18500&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm’s Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs’ securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92977

info

REKR – Rekor Shareholder Alert

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Rekor To Contact Him Directly To Discuss Their Options

New York, New York–(Newsfile Corp. – July 31, 2021) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Rekor Systems, Inc. (“Rekor” or the “Company”) (NASDAQ:REKR) and reminds investors of the August 30, 2021 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $50,000 investing in Rekor stock or options between April 12, 2019 and May 25, 2021 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/REKR.

Cannot view this image? Visit: https://www.elitestockchat.com/wp-content/uploads/2021/07/91802_ad33507a8468195e_001.jpg

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.

As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Rekor’s ALPR technology and UVED-related business is outclassed by global competitors with an established, dominant market share; (2) it was unlikely that states would pass legislation authorizing deals similar to Rekor’s Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns; (3) Rekor’s UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (4) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Specifically, on May 10, 2021, a bill authorizing the establishment of a state UVED program was excluded from the Texas Legislature’s Daily House Calendar and left pending in a state committee. Because May 10, 2021 was the deadline for the Texas UVED bill to move from the committee, news sources reported significant market speculation that the bill was dead. Further, on a post-market earnings call that same day to discuss Rekor’s first quarter 2021 financial results, Defendant Berman also indicated that Rekor may not secure a UVED agreement with Texas.

On news of the Texas UVED bill’s exclusion from the state’s Daily House Calendar, Rekor’s stock price fell $5.20 per share, or 27.5%, to close at $13.71 per share on May 10, 2021. Then, following Defendants’ post-market conference call with investors the same day, Rekor’s stock price fell an additional $2.45 per share, or 17.87%, to close at $11.26 per share on May 11, 2021-representing a two-day total decline of $7.65 per share, or 40.45%. Despite this decline in the Company’s stock price, Rekor securities continued to trade at artificially inflated prices throughout the remainder of the Class Period because of Defendants’ continued misrepresentations or omissions with respect to Rekor’s ALPR business prospects.

Then, on May 26, 2021, private investor Western Edge published a report addressing Rekor, entitled “Rekor Systems: Lackluster Growth Runway And Exaggerated Insurance Scheme Raise Substantial Downside Risk.” The Western Edge report alleged, among other things, that global competition was “miles ahead” of Rekor in ALPR development and market establishment; that “realized results suggest management’s potential revenue guidance could be overstated by up to 80%”; and that investors were at risk of facing a “massive downside if [the Company’s] growth doesn’t show up.”

Also on May 26, 2021, Mariner published a report addressing Rekor, entitled “REKR – Government documents do not support investor expectations.” The Mariner report largely comported with, and supplemented, the Western Edge report, finding that, among other things, “Oklahoma government budgets imply that [Rekor]’s much vaunted UVED program is a sub $2MM revenue opportunity – almost 96% less than the >$40MM in revenue intimated by Rekor’s CEO” and that Rekor’s “largest contributor to 2020 revenue will fall 95% in 2021 due to its non-recurring nature.”

Following publication of the Western Edge and Mariner reports, Rekor’s stock price fell $0.44 per share, or 3.93%, to close at $10.77 per share on May 26, 2021.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Rekor’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91802

info

REKR – REKR REMINDER: Investors With Substantial Losses Have Opportunity to Lead the Rekor Systems, Inc. Class Action Lawsuit

San Diego, California–(Newsfile Corp. – July 21, 2021) – The Rekor Systems class action lawsuit seeks to represent purchasers of Rekor Systems, Inc. (NASDAQ: REKR) securities between April 12, 2019 and May 25, 2021, inclusive (the “Class Period”) and charges Rekor Systems along with certain of its top executives with violations of the Securities Exchange Act of 1934. The Rekor Systems class action lawsuit (Miller v. Rekor Systems, Inc., No. 21-cv-01604) was commenced on June 29, 2021 in the District of Maryland and is assigned to Judge George Levi Russell, III.

If you suffered substantial losses and wish to serve as lead plaintiff of the Rekor Systems class action lawsuit, please provide your information by clicking here. You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Rekor Systems class action lawsuit must be filed with the court no later than August 28, 2021.

CASE ALLEGATIONS: The Rekor Systems class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Rekor System’s automatic license plate recognition (“ALPR”) technology and uninsured vehicle enforcement diversion (“UVED”) related business is outclassed by global competitors with an established, dominant market share; (ii) it was unlikely that states would pass legislation authorizing deals similar to Rekor Systems’ Oklahoma UVED partnership because of, among other things, state and local privacy laws and related public concerns; (iii) Rekor Systems’ UVED partnership was not as profitable as defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (iv) accordingly, Rekor Systems had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, Rekor Systems’ public statements were materially false and misleading at all relevant times.

On May 10, 2021, a bill authorizing the establishment of a state UVED program was excluded from the Texas Legislature’s Daily House Calendar and left pending in a state committee. Because May 10, 2021 was the deadline for the Texas UVED bill to move from the committee, news sources reported significant market speculation that the bill was dead. On this news, Rekor Systems’ stock price fell nearly 28%.

Then, on an earnings call that same day to discuss Rekor Systems’ first quarter 2021 financial results, Rekor Systems’ President and Chief Executive Officer, defendant Robert A. Berman, also indicated that Rekor Systems may not secure a UVED agreement with Texas. On this news, Rekor Systems’ stock price fell nearly 18%.

Finally, on May 26, 2021, private investor Western Edge published a report entitled “Rekor Systems: Lackluster Growth Runway And Exaggerated Insurance Scheme Raise Substantial Downside Risk.” The report alleged, among other things, that global competition was “miles ahead” of Rekor Systems in ALPR development and market establishment; that Rekor Systems’ “realized results suggest management’s potential revenue guidance could be overstated by up to 80%”; and that investors were at risk of facing a “massive downside if [Rekor Systems’] growth doesn’t show up.” The report also noted that Rekor Systems’ predecessor in the Oklahoma UVED partnership had exited it because “the program is not economically feasible” given costs associated with the program and because “there was typically no consequences for individuals that simply ignored the fines/insurance requirements after they were identified.” Also on May 26, 2021, Mariner Research Group published another report entitled “REKR – Government documents do not support investor expectations.” The report “highlight[ed] government documentation which shows that REKR’s revenue opportunities are likely a fraction of what investors expect.” Among other things, the report alleged that “Oklahoma government budgets imply that REKR’s much vaunted UVED program is a sub $2MM revenue opportunity – almost 96% less than the >$40MM in revenue intimated by Rekor’s CEO.” The report likewise echoed the issues disclosed in the Western Edge report, including, among other things, those that had caused Rekor’s predecessor in the Oklahoma UVED partnership to exit the program. On this news, Rekor Systems’ stock price fell an additional 3.9%, further damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Rekor Systems securities during the Class Period to seek appointment as lead plaintiff in the Rekor Systems class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Rekor Systems class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Rekor Systems class action lawsuit. An investor’s ability to share in any potential future recovery of the Rekor Systems class action lawsuit is not dependent upon serving as lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs’ firm. Please visit https://www.rgrdlaw.com/firm.html for more information.

Attorney advertising.

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Contact:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
jsanchez@rgrdlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90815

info

REKR – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of August 30, 2021 – REKR

New York, New York–(Newsfile Corp. – July 20, 2021) –  The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (“Rekor Systems”) (NASDAQ: REKR) between April 12, 2019 and May 25, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of Maryland. To get more information go to:

https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=17832&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Cannot view this image? Visit: https://www.elitestockchat.com/wp-content/uploads/2021/07/90826_100709_logo.jpg

Rekor Systems, Inc. f/k/a Novume Solutions, Inc. NEWS – REKR NEWS

CASE DETAILS: According to the filed complaint: (i) Rekor’s automatic license plate recognition (“ALPR”) technology and uninsured vehicle enforcement diversion (“UVED”)-related business is outclassed by global competitors with an established, dominant market share; (ii) it was unlikely that states would pass legislation authorizing deals similar to Rekor’s Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns; (iii) Rekor’s UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (iv) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Rekor Systems, you have until August 30, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Rekor Systems securities between April 12, 2019 and May 25, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=17832&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm’s Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs’ securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90826

info

REKR – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of August 30, 2021 – REKR

New York, New York–(Newsfile Corp. – July 18, 2021) – The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (“Rekor Systems”) (NASDAQ: REKR) between April 12, 2019 and May 25, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of Maryland. To get more information go to:

https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=17749&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Cannot view this image? Visit: https://www.elitestockchat.com/wp-content/uploads/2021/07/90566_632081_logo.jpg

Rekor Systems, Inc. f/k/a Novume Solutions, Inc. NEWS – REKR NEWS

CASE DETAILS: According to the filed complaint: (i) Rekor’s automatic license plate recognition (“ALPR”) technology and uninsured vehicle enforcement diversion (“UVED”)-related business is outclassed by global competitors with an established, dominant market share; (ii) it was unlikely that states would pass legislation authorizing deals similar to Rekor’s Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns; (iii) Rekor’s UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (iv) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Rekor Systems, you have until August 30, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Rekor Systems securities between April 12, 2019 and May 25, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=17749&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm’s Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs’ securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90566

info

REKR – REKOR INVESTOR NOTICE: Investors With Substantial Losses Have Opportunity to Lead the Rekor Systems, Inc. Class Action Lawsuit – REKR

SAN DIEGO, July 12, 2021 /PRNewswire/ — The Rekor Systems, Inc. class action lawsuit charges Rekor Systems (NASDAQ:REKR) and certain of its top executives with violations of the Securities Exchange Act of 1934 and seeks to represent purchasers of Rekor Systems securities between April 12, 2019 and May 25, 2021, inclusive (the “Class Period”).  The Rekor Systems class action lawsuit (Miller v. Rekor Systems, Inc., No. 21-cv-01604) was commenced on June 29, 2021 in the District of Maryland and is assigned to Judge George Levi Russell, III.

If you suffered substantial losses and wish to serve as lead plaintiff of the Rekor Systems class action lawsuit, please provide your information by clicking here.  You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].  Lead plaintiff motions for the Rekor Systems class action lawsuit must be filed with the court no later than August 28, 2021.

CASE ALLEGATIONS: The Rekor Systems class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Rekor System’s automatic license plate recognition (“ALPR”) technology and uninsured vehicle enforcement diversion (“UVED”) related business is outclassed by global competitors with an established, dominant market share; (ii) it was unlikely that states would pass legislation authorizing deals similar to Rekor Systems’ Oklahoma UVED partnership because of, among other things, state and  local privacy laws and related public concerns; (iii) Rekor Systems’ UVED partnership was not as profitable as defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (iv) accordingly, Rekor Systems had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, Rekor Systems’ public statements were materially false and misleading at all relevant times.

On May 10, 2021, a bill authorizing the establishment of a state UVED program was excluded from the Texas Legislature’s Daily House Calendar and left pending in a state committee.  Because May 10, 2021 was the deadline for the Texas UVED bill to move from the committee, news sources reported significant market speculation that the bill was dead.  On this news, Rekor Systems’ stock price fell nearly 28%.

Then, on an earnings call that same day to discuss Rekor Systems’ first quarter 2021 financial results, Rekor Systems’ President and Chief Executive Officer, defendant Robert A. Berman, also indicated that Rekor Systems may not secure a UVED agreement with Texas.  On this news, Rekor Systems’ stock price fell nearly 18%.

Finally, on May 26, 2021, private investor Western Edge published a report entitled “Rekor Systems: Lackluster Growth Runway And Exaggerated Insurance Scheme Raise Substantial Downside Risk.”  The report alleged, among other things, that global competition was “miles ahead” of Rekor Systems in ALPR development and market establishment; that Rekor Systems’ “realized results suggest management’s potential revenue guidance could be overstated by up to 80%”; and that investors were at risk of facing a “massive downside if [Rekor Systems’] growth doesn’t show up.”  The report also noted that Rekor Systems’ predecessor in the Oklahoma UVED partnership had exited it because “the program is not economically feasible” given costs associated with the program and because “there was typically no consequences for individuals that simply ignored the fines/insurance requirements after they were identified.”  Also on May 26, 2021, Mariner Research Group published another report entitled “REKR – Government documents do not support investor expectations.”  The report “highlight[ed] government documentation which shows that REKR’s revenue opportunities are likely a fraction of what investors expect.”  Among other things, the report alleged that “Oklahoma government budgets imply that REKR’s much vaunted UVED program is a sub $2MM revenue opportunity – almost 96% less than the >$40MM in revenue intimated by Rekor’s CEO.”  The report likewise echoed the issues disclosed in the Western Edge report, including, among other things, those that had caused Rekor’s predecessor in the Oklahoma UVED partnership to exit the program.  On this news, Rekor Systems’ stock price fell an additional 3.9%, further damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Rekor Systems securities during the Class Period to seek appointment as lead plaintiff in the Rekor Systems class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Rekor Systems class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Rekor Systems class action lawsuit.  An investor’s ability to share in any potential future recovery of the Rekor Systems class action lawsuit is not dependent upon serving as lead plaintiff. 

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions.  Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs’ firm.  Please visit https://www.rgrdlaw.com/firm.html for more information.

Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Contact:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA  92101
J.C. Sanchez, 800-449-4900
[email protected]

SOURCE Robbins Geller Rudman & Dowd LLP

Related Links

http://rgrdlaw.com

REKR – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of August 30, 2021 – REKR

New York, New York–(Newsfile Corp. – July 9, 2021) –  The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (“Rekor Systems”) (NASDAQ: REKR) between April 12, 2019 and May 25, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of Maryland. To get more information go to:

https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=17519&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Cannot view this image? Visit: https://www.elitestockchat.com/wp-content/uploads/2021/07/89884_751636_logo.jpg

Rekor Systems, Inc. f/k/a Novume Solutions, Inc. NEWS – REKR NEWS

CASE DETAILS: According to the filed complaint: (i) Rekor’s ALPR technology and UVED-related business is outclassed by global competitors with an established, dominant market share; (ii) it was unlikely that states would pass legislation authorizing deals similar to Rekor’s Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns; (iii) Rekor’s UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (iv) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Rekor Systems, you have until August 30, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Rekor Systems securities between April 12, 2019 and May 25, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?prid=17519&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm’s Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs’ securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89884

info