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. (Nasdaq: DUOT) issues frequent news updates that reflect its activities across machine vision, AI, edge computing, and power consulting. Through subsidiaries Duos Edge AI, Inc. and Duos Energy Corporation, the company announces deployments of Edge Data Centers, partnerships with education and community organizations, and developments in its energy services and digital infrastructure strategy.
News items about Duos Edge AI often highlight new Edge Data Center (EDC) deployments in rural and underserved regions. Recent releases describe EDCs launched in collaboration with independent school districts and education service centers in Texas communities such as Dumas, Waco, Abilene, Victoria, Amarillo, Corpus Christi and Hereford, as well as an expansion into the Greater Chicagoland Area. These stories focus on localized, low-latency compute infrastructure that supports K–12 education, healthcare, workforce development, carrier neutral colocation, and enterprise workloads.
Investors and observers can also find coverage of financial results, capital raises, and strategic commentary. For example, Duos has reported revenue growth associated with its transition toward edge computing and its Asset Management Agreement with New APR Energy, as well as updates on backlog and service and consulting revenue. Earnings releases and conference call announcements provide insight into how edge data centers, recurring services and power consulting contribute to the company’s results.
Additional news includes corporate governance and leadership changes, such as the appointment of a new President with extensive data center experience, board additions with fiber and data center backgrounds, and changes in the chief financial officer role. Duos also reports on its participation in investor conferences and its partnership with the Nomad Futurist Foundation, which focuses on digital infrastructure education and leadership development. This news page allows readers to follow DUOT’s operational milestones, strategic initiatives, and corporate developments in one place.
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.
Duos Technologies Group's subsidiary, Duos Edge AI, has secured $2.2 million in funding from two institutional investors for the production of its first three Edge Data Centers (EDCs). The funding will support the construction, deployment, and initial operations of EDCs in remote districts, including schools, government, and health facilities. The first EDC is expected to be operational by late October, with the second and third units following in November.
The secured promissory notes mature at the end of 2025 with a 10% annual interest rate. Duos Edge AI will reserve funds from EDC revenues for repayment, and Duos will hold receipts from its ATM facility to ensure timely repayment. The company is reviewing potential ongoing debt funding proposals as the subsidiary expands.
Duos Technologies Group, through its subsidiary Duos Edge AI, has announced plans for deploying its first three Edge Data Centers (EDCs) in underserved communities. The newly appointed President, Doug Recker, has identified the locations, with the first unit expected to be operational by late Q3 2024. These EDCs aim to provide high-speed computing for AI and other applications to remote areas, including schools and health facilities.
The company anticipates recording recurring revenues starting in Q4, with the first EDC in full revenue production by late October, followed by the second and third units in November. Duos Edge AI will focus on delivering scalable, cost-efficient IT resources that integrate with existing infrastructure, leveraging Duos' expertise in AI processing to drive innovation across various sectors.