Investing.com -- SoundHound AI , Inc. (NASDAQ:SOUN) stock surged 15% as the company announced a partnership with Rekor Systems, Inc. (NASDAQ:REKR) to innovate emergency vehicle technology.
The collaboration will integrate SoundHound's voice and conversational AI with Rekor's vehicle recognition software, Rekor Scout®, to enhance the functionality of law enforcement and first responder vehicles. This technology aims to provide hands-free operation of systems such as automatic license plate recognition (ALPR) and other critical vehicle systems, potentially improving safety and operational efficiency.
The press release detailed the use of voice AI to manage various systems within police vehicles, including emergency light bars and sirens, through voice commands. The goal is to reduce distractions and increase safety during high-pressure situations. The partnership also plans to extend this advanced audio-visual AI technology to other emergency vehicles.
Rekor's President and CEO, David Desharnais, emphasized the importance of the Rekor Scout® integration, noting its advanced vehicle recognition capabilities and the significant enhancement it brings to law enforcement efficiency and safety.
SoundHound's CEO, Keyvan Mohajer, commented on the transformative potential of the partnership, expressing that this innovation will empower officers with a hands-free solution that supports responsiveness in the field. Robert A. Berman, Rekor's Chairman of the Board, also praised SoundHound's journey to becoming a leader in voice AI technology.
The market response to the announcement has been positive, reflecting investor optimism about the potential impact of this partnership on SoundHound's business and the broader public safety technology market.
Despite a 31% decline since the beginning of the year, SoundHound shares have experienced a significant rise of 745% over the last 12 months.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.