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Power Integrations Soars: Rekor's Deal Drives 3.19% Gain!
Friday, Jun 6, 2025 10:18 am ET1min read
Power Integrations, Inc. rose 3.19% in intraday trading, with , Inc. announcing a transformative deployment with a Sun Belt state transportation agency. The company will deploy 150 Rekor Discover systems under a one-year Data-as-a-Service contract valued at $1.2 million, with all systems expected to be installed within 60 days. This deployment will enable the agency to modernize traffic data collection and monitoring using AI-enabled roadside sensors.
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