Duos Technologies added to Russell Microcap® Index
Rhea-AI Summary
Duos Technologies (Nasdaq: DUOT) has been added to the Russell Microcap® Index as part of the 2025 Russell indexes reconstitution, effective June 30, 2025. The inclusion comes as part of FTSE Russell's annual reconstitution process, which captures the 4,000 largest US stocks ranked by total market capitalization.
According to Adrian Goldfarb, CFO of Duos, the company is experiencing momentum in its core AI inspection business and expanding its Duos Edge AI capabilities, particularly in deploying scalable edge data centers to underserved markets. The Russell indexes serve as benchmarks for approximately $10.6 trillion in assets as of June 2024.
Positive
- Inclusion in Russell Microcap® Index increases visibility with institutional investors
- Company reports strong traction in core AI inspection business
- Expanding potential in Edge AI and scalable edge data centers
Negative
- None.
News Market Reaction – DUOT
On the day this news was published, DUOT gained 1.54%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
JACKSONVILLE, Fla., July 01, 2025 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), was added as a member of the Russell Microcap® Index, effective after the US market opened on June 30 as part of the 2025 Russell indexes reconstitution, according to the FTSE Russell website.
The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Wednesday, April 30th, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“Being included in the Russell Microcap® Index marks a significant achievement for Duos and reflects the growing momentum behind our strategic initiatives,” said Adrian Goldfarb, Chief Financial Officer of Duos. “This inclusion increases our visibility with institutional investors and highlights the progress we’ve made in building a financially disciplined, innovation-driven company. With strong traction across our core AI inspection business and the expanding potential of Duos Edge AI, particularly in deploying scalable edge data centers to underserved markets, we’re well-positioned for long-term growth and look forward to engaging a broader investor base.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell’s US indexes serve as the benchmark for about
For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com , www.duosedge.ai and www.duosenergycorp.com.
About FTSE Russell, an LSEG Business
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit FTSE Russell.
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b55faf3b-a6e9-4b1e-8c1f-6ccb0ea91bc4.
This press release was published by a CLEAR® Verified individual.
Contacts Corporate Fei Kwong Director, Corporate Communications Duos Technologies Group, Inc. (Nasdaq: DUOT) 904-652-1625 fk@duostech.com
FAQ
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