Rekor terminates two leases, cuts $10M in liabilities
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Rekor Eliminates Approximately $10 Million in Liabilities and Generates More Than $2 Million in Annual Savings
September 3, 2026 7:30 AM EDTTermination of two leases in the United States and Israel further reduces fixed costs and strengthens operating flexibility
COLUMBIA, Md., Sept. 03, 2026 (GLOBE NEWSWIRE) -- 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... More
