| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Wejo Group Limited (NASDAQ:WEJO), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric, and autonomous vehicle data, and Rekor Systems (NASDAQ:REKR) ("Rekor"), today announced that Wejo has joined the Rekor Partner Network ("RPN"). The RPN is a global ecosystem of technology, data, and solution providers working together to provide the most comprehensive view of the world's roadway data and intelligence available, streamlining innovation and solving transportation and mobility challenges. The RPN facilitates and streamlines roadway data collection and analysis for transportation agencies, corporations, and private firms, enabling them to gain valuable insights quickly.
The RPN is a global ecosystem of technology, data, and solution providers working together to provide the most comprehensive view of the world's roadway data and intelligence available, streamlining innovation and solving transportation and mobility challenges. The RPN facilitates and streamlines roadway data collection and analysis for transportation agencies, corporations, and private firms, enabling them to gain valuable insights quickly.
As a member of the RPN, Wejo contributes its expertise in processing billions of data points from millions of connected vehicles – vital information for state and municipal transportation agencies eager to access real-world, real-time road incident data, resulting in quicker and more effective response times. Wejo joins dozens of other global technology and data leaders already part of the RPN.
Rekor utilizes Wejo and other connected vehicle data (CVD) to identify road incidents that may not have been reported, resulting in a 23% increase in detection rates. This technology is particularly effective in rural areas, providing superior coverage compared to traditional methods of incident detection. By leveraging CVD, Traffic Management Centers in Departments of Transportation can now identify and respond to incidents up to 15 minutes faster, resulting in faster incident response and recovery and reducing the occurrence of secondary incidents and congestion. Rekor's automatic incident detection system augments other emergency notification systems like 911, detecting incidents even before they are reported, especially minor incidents that are frequently overlooked or ignored. All of this works together to improve the safety of all drivers on roadways.
"Roadway incidents such as collisions, stalled vehicles, debris, traffic stops, and congestion are major safety hazards for drivers, cyclists, and pedestrians. Vehicle crashes alone result in 1.35 million deaths annually, in addition to causing secondary crashes, dangerous backups, and other hazardous conditions," said David Desharnais, President, and COO, Rekor. "Faster identification and response to these incidents by traffic managers and emergency personnel is critical to the impact and outcome of these situations, often making the difference between life and death. The integration of Wejo into the RPN and Rekor solutions, Departments of Transportation now have access to another source of critical real-time road incident data at their fingertips, enabling more rapid and life-saving response times."
"We are excited to partner with Rekor and make Wejo's CVD accessible to Rekor's customers," said Richard Barlow, Found and CEO of Wejo. "The wealth of data available we are able to provide includes trillions of data points from over 20 million vehicles enabling agencies to better understand trends in their roadway network and optimize their planning and response. By working together, Rekor and Wejo aim to make our roads safer, smarter, and more efficient, ultimately improving the lives of all road users."
