Duos Edge AI Acquires Additional Edge Data Centers
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), tramite la sua sussidiaria Duos Edge AI, ha annunciato il dispiegamento anticipato di tre nuovi Edge Data Center (EDC) in Texas. L'acquisizione accelerata è stata facilitata attraverso un partner finanziario e ha lo scopo di fornire accesso a internet ad alta velocità e bassa latenza per i distretti remoti, beneficiando in particolare scuole e istituzioni pubbliche. Gli EDC, costruiti dal partner strategico Accu-Tech, sono pronti per il dispiegamento e contribuiscono all'obiettivo dell'azienda di avere fino a 15 unità dispiegate e generare entrate entro la fine del 2025. I tre nuovi EDC dovrebbero essere operativi entro la fine del primo trimestre del 2025.
Duos Technologies Group (Nasdaq: DUOT), a través de su subsidiaria Duos Edge AI, anunció el despliegue anticipado de tres nuevos Edge Data Centers (EDC) en Texas. La adquisición acelerada fue facilitada por un socio financiero y tiene como objetivo proporcionar acceso a internet de alta velocidad y baja latencia para distritos remotos, beneficiando especialmente a escuelas e instituciones públicas. Los EDC, construidos por el socio estratégico Accu-Tech, están listos para su despliegue y contribuyen al objetivo de la empresa de tener hasta 15 unidades desplegadas y generando ingresos para finales de 2025. Se espera que los tres nuevos EDC estén operativos a finales del primer trimestre de 2025.
Duos Technologies Group (Nasdaq: DUOT)는 자회사인 Duos Edge AI를 통해 텍사스 전역에 세 개의 새로운 Edge Data Center (EDC)를 조기 배치한다고 발표했습니다. 가속화된 인수는 금융 파트너를 통해 촉진되었으며, 원거리 지역에 저지연, 고속 인터넷 접근을 제공하는 것을 목표로 하고 있으며, 특히 학교 및 공공기관에 이익을 줍니다. 전략적 파트너인 Accu-Tech가 구축한 EDC는 배치를 위해 준비되었으며, 회사의 목표인 2025년 말까지 최대 15개의 유닛을 배치하고 수익을 창출하는 것에 기여합니다. 세 개의 새로운 EDC는 2025년 1분기 말까지 운영될 예정입니다.
Duos Technologies Group (Nasdaq: DUOT), par l'intermédiaire de sa filiale Duos Edge AI, a annoncé le déploiement anticipé de trois nouveaux Edge Data Centers (EDC) au Texas. L'acquisition accélérée a été facilitée par un partenaire financier et vise à fournir un accès Internet à haute vitesse et à faible latence pour les districts éloignés, bénéficiant particulièrement aux écoles et aux institutions publiques. Les EDC, construits par le partenaire stratégique Accu-Tech, sont prêts pour le déploiement et contribuent à l'objectif de l'entreprise d'avoir jusqu'à 15 unités déployées et générant des revenus d'ici la fin de 2025. Les trois nouveaux EDC devraient être opérationnels d'ici la fin du premier trimestre de 2025.
Duos Technologies Group (Nasdaq: DUOT) hat über ihre Tochtergesellschaft Duos Edge AI den vorzeitigen Einsatz von drei neuen Edge Data Centers (EDC) in Texas bekanntgegeben. Die beschleunigte Akquisition wurde durch einen Finanzierungspartner ermöglicht und zielt darauf ab, schnellen Internetzugang mit niedriger Latenz für entlegene Gebiete bereitzustellen, was insbesondere Schulen und öffentlichen Einrichtungen zugutekommen soll. Die von dem strategischen Partner Accu-Tech errichteten EDCs sind bereit für den Einsatz und tragen zum Ziel des Unternehmens bei, bis Ende 2025 bis zu 15 Einheiten einzusetzen und Umsätze zu generieren. Die drei neuen EDCs sollen bis Ende des ersten Quartals 2025 betriebsbereit sein.
- Early deployment of three new EDCs ahead of schedule
- Secured financing partnership for accelerated acquisition
- EDCs are already built and ready for deployment
- Contributing to target of 15 revenue-generating units by end of 2025
- None.
Insights
The acquisition of three Edge Data Centers (EDCs) represents a modest but strategic expansion for Duos Edge AI. While the immediate financial impact appears , the deployment demonstrates market validation and execution capability in the growing edge computing sector. The Texas deployment focusing on education connectivity shows promising recurring revenue potential and positions the company in the public sector market.
The financing partnership structure suggests careful capital management, though it may impact margins. The accelerated timeline towards the 15-unit deployment goal by 2025 indicates strong market demand, but investors should monitor execution risks and revenue realization timeframes. The rural focus presents both opportunities in underserved markets and challenges in infrastructure deployment.
Three additional EDCs to be deployed for Texas Economic Development
JACKSONVILLE, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Edge AI, Inc. (“Duos Edge AI”), a provider of adaptive, versatile, and streamlined Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment, announced the early deployment of three new EDCs across Texas. The accelerated acquisition was enabled by using a financing partner, underscoring the Company’s fast-to-market capabilities in delivering edge computing solutions for underserved areas. These additional EDCs will provide low-latency, high-speed internet access tailored for remote districts, directly addressing connectivity challenges faced by schools and public institutions in Texas. The acquisition of these additional units aligns with Duos Edge AI’s commitment to supporting regional development by enabling seamless access to modern digital resources.
The three new EDCs, built by strategic partner Accu-Tech, are complete and ready for deployment. Duos Edge AI intends to deploy these for identified opportunities and expects the acquisition to accelerate plans for having up to 15 units deployed and generating revenue by the end of 2025.
“Bringing these EDCs online ahead of schedule is a milestone for Duos Edge AI and demonstrates our dedication to equipping remote communities with the infrastructure they need to thrive,” said Doug Recker, President of Duos Edge AI. “I would like to thank our financing partner and the Duos finance team for quickly negotiating this agreement and allowing the business to meet the demand for these solutions.”
The rapid EDC deployment model showcases Duos Edge AI’s capacity to efficiently scale edge computing solutions across diverse sectors, providing robust, adaptable infrastructure that meets the evolving needs of rural and underserved markets. These three EDCs are expected to go live by end of Q1 2025, marking a significant step forward in the Texas digital transformation.
To learn more about Duos Edge AI, visit: www.duosedge.ai
To learn more about Duos Technologies, visit www.duostechnologies.com
About Duos Edge AI, Inc.
Duos Edge AI, Inc. is a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT). Duos Edge AI's mission is to bring advanced technology to underserved communities, particularly in education, healthcare, and rural industries, by deploying high-powered edge computing solutions that minimize latency and optimize performance. Duos Edge AI specializes in high-function Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment. By focusing on providing scalable IT resources that seamlessly integrate with existing infrastructure, its solutions expand capabilities at the network edge, ensuring data uptime onsite services. With the ability to provide 100 kW+ per cabinet, rapid 90-day deployment, and continuous 24/7 data services, Duos Edge AI aims to position its edge data centers within 12 miles of end users or devices, significantly closer than traditional data centers. This approach enables timely processing of massive amounts of data for applications requiring real-time response and supporting current and future technologies without large capital investments. For more information, visit www.duosedge.ai.
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc. and Duos Edge AI, Inc. designs, develops, deploys, and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (AI) applications including real-time analysis of fast-moving vehicles and Edge Data Centers. For more information, visit www.duostech.com and www.duosedge.ai.
Forward- Looking Statements
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
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FAQ
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