Duos Technologies Group Inc Stock Price, News & Analysis

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.

Duos Technologies Group, through its subsidiary Duos Edge AI, has announced a strategic partnership with Accu-Tech to accelerate the deployment of edge computing infrastructure across the United States. This collaboration aims to address the growing demand for low-latency data processing and improved connectivity in underserved markets.

The partnership comes as the edge computing market is expected to reach $43.4 billion by 2027, growing at a compound annual rate of 37.4%. Duos Edge AI's innovative Edge Data Center (EDC) solutions, combined with Accu-Tech's distribution network, will support the rapid expansion of edge computing capabilities.

The first edge data center deployments are planned for Q4 2024, focusing on bringing scalable, efficient edge computing solutions to diverse industries across the U.S. This collaboration will strategically increase Duos Edge AI's reach, ensuring key markets benefit from advanced technology solutions for optimized performance and connectivity.

Duos Technologies Group (Nasdaq: DUOT) is set to participate in the Lytham Partners Fall 2024 Investor Conference on October 1, 2024. The event, held virtually, will feature a webcasted presentation by the company at 3:30pm ET. Investors can access the webcast through the conference homepage or a direct link provided.

In addition to the presentation, Duos management will be available for one-on-one meetings with investors throughout the event. Interested parties can arrange meetings through Lytham Partners or by registering for the event online.

The company encourages stakeholders to stay updated on their latest developments by following their website and social media channels or signing up for email alerts.

Duos Technologies Group (Nasdaq: DUOT) has announced the launch of its first Edge Data Center (EDC) at the Region 16 Education Service Center in Amarillo, Texas. This initiative, led by Duos Edge AI, aims to enhance student learning and drive economic growth in the Texas Panhandle by providing high-speed connectivity and advanced technological solutions.

The EDC will support 60 public school districts in the rural Texas Panhandle, offering reliable internet access and scalable IT resources. Set to be operational by mid-September, this project is expected to improve educational outcomes, support local businesses, and foster digital equity in the region.

Doug Recker, President of Duos Edge AI, emphasized the company's commitment to closing the digital divide in underserved areas. Chuck Ferry, CEO of Duos, highlighted the strategic expansion into the education sector, while Michael Keough, Region 16 CTO, stressed the importance of this initiative for the region's future competitiveness.

Duos Technologies Group, Inc. (Nasdaq: DUOT) is set to present at the 2024 Annual Gateway Conference in San Francisco on September 4, 2024. The presentation is scheduled for 11:30 a.m. Pacific Time (2:30 p.m. Eastern Time) and will be webcast live with replay available. Duos executives will also be available for one-on-one meetings throughout the conference.

Interested parties can request invitations or schedule meetings by emailing conference@gateway-grp.com. To stay informed about Duos' developments and revolutionary technology platforms, individuals can follow the company's website or sign up for email alerts. For more information, contact DUOT@duostech.com or visit the company's website and social media channels on LinkedIn and Twitter.

Duos Technologies Group (Nasdaq: DUOT) reported Q2 2024 results, showing a 15% decrease in total revenue to $1.51 million compared to Q2 2023. However, recurring services and consulting revenue increased by 38%. The company closed a 5-year support services and data sharing agreement with a Class 1 railroad valued at $10.9 million. Duos performed over 2.3 million comprehensive railcar scans across 13 portals in Q2. The company formed two new subsidiaries: Duos Edge AI for the Edge Data Center market and Duos Energy for power support in data centers. As of Q2 end, Duos has $19.6 million in revenue backlog, with $6.9 million expected to be recognized in 2024. Despite current financial challenges, the company is focusing on long-term growth initiatives and expanding its subscription data offering.

Duos Technologies Group (Nasdaq: DUOT) has announced its second quarter 2024 earnings call, scheduled for Tuesday, August 13, 2024, at 4:30 PM Eastern Time. The company will release its financial results for the quarter ended June 30, 2024, via press release before the call. Management will host the conference call, which will be followed by a question-and-answer session.

Investors can access the call using the following details:
- U.S. dial-in: 877-407-3088
- International dial-in: 201-389-0927
- Confirmation code: 13747856

Participants are advised to call 5-10 minutes before the start time. The call will also be broadcast live and available for online replay through the investor section of the company's website.