Remark AI Awarded $6 million Rio De Janeiro police contract

(24/7 MARKET NEWS) – Remark Holdings, Inc. (NASDAQ:MARK) stated, this morning, that it has awarded the first phase of a 30-month recurring revenue subscription contract by the Rio De Janeiro police department to equip their existing police car fleet with license plate and facial recognition capabilities, valued at over $6 million.

Remark is trading at $1.50, up $0.17 (+12.70%), on 1.82M premarket shares traded.

Its 52-week range is $0.87 to $6.10. February’s action around the @2 level is the key inflection. If this breaks through the $2 resistance, on strong trading volume, this could go ballistic.

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