DealsMay 4, 2026, 07:33 AM
Rekor Systems Secures $16.8M Multi-Year Deal with Oklahoma DAC
AI Summary
Rekor Systems, Inc. announced an agreement in principle with the Oklahoma District Attorneys Council (OKDAC) to continue as the technology partner for its Uninsured Vehicle Enforcement Diversion (UVED) Program. The multi-year agreement, valued at $16.8 million, highlights Rekor's successful role since 2020 in significantly improving Oklahoma's uninsured motorist rates. This contract is expected to add a substantial, long-term recurring revenue stream to Rekor's portfolio.
Key Highlights
- Rekor Systems reached an agreement in principle with OKDAC for the UVED Program.
- The multi-year agreement is valued at $16.8 million.
- Rekor has been the technology partner for the UVED Program since 2020.
- Oklahoma's uninsured motorist rate improved from worst to 27th nationally.
- The program diverts cases from the court system and eases burden on law enforcement.
- The contract adds a significant, long-term recurring revenue stream for Rekor.