<img src="https://ml.globenewswire.com/Resource/Download/e705f1e3-be41-4ec9-95b4-f24191d97fdd?size=2" nborder="0" align="left" hspace="5" vspace="5" title="Rekor-Logo-Horiz-Color-Tag-Web.png" alt="Rekor Systems"/>Termination of two leases in the United States and Israel further reduces fixed costs and strengthens operating flexibilityCOLUMBIA, Md., Sept. 03, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> -- Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor" or the "Company"), which builds trusted data, privacy, and security solutions for real-world video and sensor networks, today announced it has terminated its two remaining long-term real estate leases, one in the United States and one in Israel. The terminations eliminate Rekor's ongoing rent obligations under the two agreements and are expected to deliver more than $2 million in annualized savings. The Company will use approximately $2.8 million in cash to reduce $10 million in outstanding lease obligations, and the related deposit, fixed assets, and right-of-use assets will be removed from the Company’s balance sheet in connection with the transaction. This action advances Rekor's focus on improving operating leverage, lowering fixed costs, and directing resources toward growth priorities. “Terminating these leases is another important step in executing our plan to optimize the business and structurally reduce our cost base,” said Joseph Nalepa, Chief Financial Officer at Rekor. “This action builds on the cost-reduction measures we have implemented across the organization and further aligns our operating footprint with the needs of the business. While the termination requires a one-time cash payment, it eliminates significant ongoing lease obligations and delivers approximately $2 million in annualized overhead savings, reinforcing a leaner operating model and supporting our path toward sustainable profitability.” About Rekor Systems, Inc. Rekor Systems, Inc. (NASDAQ: REKR) builds trusted data, privacy, and security solutions for real-world video and sensor networks. Rekor's AI-powered roadway intelligence platforms are deployed across the United States, delivering real-time data and actionable insights to transportation agencies, law enforcement, and commercial operators. For more information, visit Rekor.ai. Forward-Looking Statements This press release and its links and attachments contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Rekor Systems, Inc. that involve substantial risks and uncertainties, including particularly statements regarding our future results of operations and financial position, business strategy, prospective products and services, timing and likelihood of success, plans and objectives of management for future operations and future results of current and anticipated products and services. These statements involve uncertainties, such as known and unknown risks, and are dependent on other important factors that may cause our actual results, performance, or achievements to be materially different from the future results, performance or achievements we express or imply. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions. These forward-looking statements speak only as of the date they are made and are subject to a number of risks, uncertainties and assumptions described under the sections in our Annual Report on Form 10-K for the year ended December 31, 2025 entitled "Risk Factors" and in our subsequent Quarterly Reports on Form 10-Q filed with the SEC. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made in this press release and in other documents we file from time to time with the SEC that disclose risks and uncertainties that may affect our business. The forward-looking statements do not reflect the potential impact of any divestiture, merger, acquisition, or other business combination that had not been completed as of the date of this filing. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond our control, you should not rely on them as predictions of future events. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top ; ">Company Contact Joseph Nalepa, Chief Financial Officer +1 (410) 762-0800 | jnalepa@rekor.ai</td><td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top ; ">Media and Investor Relations Charles Degliomini ir@rekor.ai</td></tr></table> <img alt="" src='https://ml.globenewswire.com/media/ODJkNGEyYmUtZWVmNS00YzUxLTk0MzgtMzBhYTNhZGZjY2MzLTExOTg5ODMtMjAyNi0wOS0wMy1lbg==/tiny/Rekor-Systems.png' referrerpolicy='no-referrer-when-downgrade' />

Rekor Eliminates Approximately $10 Million in Liabilities and Generates More Than $2 Million in Annual Savings

Latest news from the world of business and finance – both local and global

MONEY FM 89.3 is Singapore's first and only Business and Personal Finance station, featuring local and international business and financial news.

MONEY FM 89.3

Discover newsletters from our DJs on LinkedIn