Duos Implements First Passenger Transit Subscription Services Agreement

Duos Technologies Group, Inc. (Duos), through its operating subsidiary Duos Technologies, Inc., announced July 13 that it has implemented its first subscription services agreement with a passenger transit operator, offering access to the company’s Railcar Inspection Portal (RIP®) and optional artificial intelligence (AI) detection models for key inspection points.

According to Duos, the initial agreement, renewable annually, is valued at $300,000 and encompasses customer training, installation and railcar data services across up to three existing Class I portals. With the signing of the first customer for the subscription service, Duos says it expects to provide the same near real-time inspection data and AI-based alerts that have been developed and tested in conjunction with its Class I railroad customers.

Duos, on Oct. 4, announced a new subscription service for the rail industry, including Class I’s, as well as car owner/lessors and is “currently engaged in discussions with multiple railroads, railcar owners/lessors, and other potential users to expand its offering,” according to the company.

“We are actively engaged in expanding our markets into both transit, as well as railcar owners and lessors,” said Duos CEO Chuck Ferry. “This initial agreement is evidence that there is a market need for lower cost but higher value services in which operators benefit from automated near real-time inspection platforms that provide high quality data for necessary safety inspections. We look forward to providing updates on our continued progress as new portals and subscription customers come online.”