Welcome to our dedicated page for Duos Technologies Group news (Ticker: DUOT), a resource for investors and traders seeking the latest updates and insights on Duos Technologies Group stock.
Duos Technologies Group, Inc. (DUOT) is a prominent provider of advanced, AI-driven digital video security systems catering to a diverse range of sectors including government, transportation, commercial, and healthcare industries. The company designs and manufactures a comprehensive array of security systems that encompass intelligent video surveillance and monitoring, automatic digital video recording, intrusion detection (both indoor and outdoor), and integrated intelligent command. Their product portfolio also extends to intelligent perimeter security, browser-based video and alarm monitoring, human-machine interfaces, electronic access control, biometric readers, and identification badge systems.
In addition to security systems, Duos Technologies Group, Inc. offers robust information technology solutions. These include network design topology, program and application development, wide and local area networking, infrastructure cabling, IP telephony and video, virtual private networks (VPNs) and security, remote network administration, data services, historical data collection and reporting, production assets analysis, and disaster recovery services.
Operating under the brand name duostech, Duos Technologies Group, Inc. focuses on intelligent technology solutions specifically tailored for the rail, logistics, and intermodal industries. These solutions are designed to streamline operations, enhance safety, and reduce costs. Their flagship product, the Railcar Inspection Portal (RIP), allows for automated railcar inspections at full train speeds, serving both freight and transit railroads and select government agencies. Another significant innovation by the company is the Automated Logistics Information System (ALIS), which automates gatehouse operations at large logistics and intermodal facilities.
The company boasts a well-diversified business model, with segments spanning Rail, Commercial, Government, Banking, and AI. One of the latest milestones includes securing a new support and AI agreement, projecting an annual recurring revenue of $360,000. Despite a short-term revenue decline attributed to transitioning to a subscription revenue model, Duos Technologies has demonstrated significant operational progress and an expanding pipeline of opportunities. Their recent achievements also include obtaining another patent for their RIP technology, solidifying their position as a leader in high-speed scanning of freight and passenger rolling stock.
Overall, Duos Technologies Group, Inc. continues to make key strides in advancing their strategic initiatives and intellectual property, setting a solid foundation for anticipated improvements in their financial results and operational performance.
Duos Technologies Group (Nasdaq: DUOT) has announced its participation in The Microcap Conference 2025, scheduled for January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ. The Company's management team will deliver a corporate presentation on Wednesday, January 29th at 10:30 AM ET.
During the conference, Duos' executives will engage in one-on-one meetings with institutional and individual investors, sharing insights about recent developments, growth strategy, and investment opportunities. Interested parties can register to watch the Company's virtual presentation through a provided link.
The Microcap Conference 2025 serves as a premier event for growth-focused companies and investors, providing Duos with a platform to showcase its revolutionary technology platforms and connect with potential investors.
Duos Technologies Group (NASDAQ: DUOT) has been granted a new patent for its obliquevue® Oblique Vehicle Undercarriage Examiner, enhancing its railcar inspection capabilities. The technology provides high-resolution imaging of railcar undercarriages, integrating with the company's Railcar Inspection Portal (RIP®) and CENTRACO® platform.
In 2024, Duos' patented imaging systems scanned nearly 10 million railcar images, demonstrating significant market adoption. The system employs advanced imaging techniques and AI analytics to meet Association of American Railroads (AAR) and Federal Railroad Administration (FRA) safety standards.
The company's intellectual property portfolio now includes 11 granted patents and 6 pending applications, strengthening its position in automated railcar inspection solutions. The technology enables real-time detection of safety concerns and anomalies that traditional systems might miss.
Duos Technologies Group (Nasdaq: DUOT) has finalized an Asset Management Agreement (AMA) through its subsidiary, Duos Energy , with Fortress Investment Group.
The deal, announced on November 20, 2024, involves managing a fleet of 30 mobile gas-powered turbines capable of generating 850 megawatts of power. These assets have been acquired by Fortress and will be managed in partnership with Duos. The agreement is valued at $42 million over two years, with Duos securing a 5% equity stake in the parent company owning the assets.
The turbines are immediately deployable and will address urgent energy demands for data centers and other critical sectors. This partnership aligns with Duos' strategic focus on providing scalable energy solutions to support infrastructure growth.
Duos' leadership, which includes former executives from APR Energy, will oversee the deployment and management of these assets. The company is in active discussions with U.S.-based data center developers and international energy projects for immediate turbine deployment.
CEO Chuck Ferry emphasized the importance of flexible and dependable energy solutions to meet evolving power needs.
Duos Technologies Group (Nasdaq: DUOT), through its subsidiaries Duos Edge AI and Duos Energy, announced a partnership with Pampa Energy Center to develop high-density Data Center Development Parks in Pampa, Texas. This project will be powered by up to 500MW of natural gas self-generation, supplemented by up to 200MW of wind turbine generation. The initiative, spanning over 500 acres, aims to transform Pampa's infrastructure, create jobs, and drive economic growth. The first 50MW HDDC is expected to be operational by the end of 2025. Duos Energy, in collaboration with Fortress Investment Group, will manage power generation assets, ensuring sustainability and resilience. This project addresses the national shortage of High-Density Data Center capacity and positions Pampa as a technological leader.
Duos Technologies Group has announced that its subsidiary Duos Energy has signed a two-year Asset Management Agreement (AMA) worth $42M with Fortress Investment Group affiliates. The agreement involves deploying and operating a fleet of mobile gas turbines with 850 megawatts of combined generation capacity. The assets, being acquired by Fortress from APR Energy, will be managed by Duos, which is already in discussions for deployment to data center developers and international projects. This agreement is part of Duos's strategy to achieve profitability in FY2025.
Duos Technologies Group reported Q3 2024 results with revenue increasing 112% to $3.24 million, driven by technology systems ($1.69M) and recurring services ($1.55M). Gross margin improved 306% to $919,000, while operating expenses decreased 11% to $2.84M. Net loss reduced 53% to $1.40M compared to Q3 2023. The company has $18.8 million in revenue backlog, including near-term extensions. Notable developments include the delivery of Edge Data Center for Amtrak, expansion of Duos Edge AI subsidiary, and the launch of Duos Energy , which secured initial revenues of $500,000.
Duos Technologies Group (Nasdaq: DUOT) has scheduled its third quarter 2024 earnings call for Wednesday, November 20, 2024 at 4:00 PM Eastern Time. The call will discuss the financial results for the quarter ended September 30, 2024, which will be released via press release prior to the call. The event will include a question-and-answer period hosted by Duos management. Interested parties can dial in using U.S. dial-in number 877-407-3088 or international dial-in number 201-389-0927, with the confirmation code 13749773. The call will be broadcast live and will be available for replay on the company's investor section of the website.
Duos Technologies Group (Nasdaq: DUOT), through its subsidiary Duos Edge AI, announced the early deployment of three new Edge Data Centers (EDCs) across Texas. The accelerated acquisition was facilitated through a financing partner and aims to provide low-latency, high-speed internet access for remote districts, particularly benefiting schools and public institutions. The EDCs, built by strategic partner Accu-Tech, are ready for deployment and contribute to the company's goal of having up to 15 units deployed and generating revenue by the end of 2025. The three new EDCs are expected to be operational by the end of Q1 2025.
Duos Technologies Group (NASDAQ: DUOT) announced its participation in the 17th annual LD Micro Main Event. The company's CFO, Adrian Goldfarb, will present on Wednesday, October 30th, at 2:30 PM PT at the Luxe Sunset Boulevard Hotel in Los Angeles. Investors will have the opportunity to engage with the Duos team in one-on-one meetings to discuss the company's strategic vision and ongoing initiatives.
The LD Micro Main Event XVII will run from October 28th to the 30th, featuring around 150 companies presenting in half-hour increments and attending private meetings with investors. Registration begins at 3:00 PM PT on the 28th, followed by keynotes and happy hour. Presentations will run from 8:00 AM PT to 5:00 PM PT on the 29th and 30th.
Interested parties can register to watch Duos Technologies' virtual presentation online and stay updated on the company's developments through their website and social media channels.
Duos Technologies Group, Inc. (Nasdaq: DUOT) has signed a new five-year agreement with CN (NYSE: CNI) to offer Machine Vision/AI Wayside Detection Safety Data through a subscription service. This agreement builds on CN's five-year use of Duos' technology for railcar inspections. Duos, the inventor of the Railcar Inspection Portal, will now offer shippers and car owners on the CN network access to this safety data, which can be used for predictive maintenance, trend analytics, and fleet health monitoring.
The company recently piloted a similar program with Amtrak, sending real-time machine vision images to mechanical inspectors. This new offering aims to improve railcar maintenance, enhancing network safety and productivity. Chuck Ferry, CEO of Duos, expressed the company's commitment to further improving the solution, with a focus on wheels and brakes.
FAQ
What is the current stock price of Duos Technologies Group (DUOT)?
What is the market cap of Duos Technologies Group (DUOT)?
What does Duos Technologies Group, Inc. (DUOT) specialize in?
What industries does Duos Technologies serve?
What is the Railcar Inspection Portal (RIP)?
What is the Automated Logistics Information System (ALIS)?
What recent achievements has Duos Technologies made?
How has Duos Technologies' revenue model changed recently?
What areas do Duos Technologies' IT solutions cover?
How does Duos Technologies enhance safety and reduce costs for their clients?
What is the significance of Duos Technologies' new patent?
What segments does Duos Technologies Group operate in?
