Duos Technologies

Duos: “We Ended the Year on a High Note”

Duos Technologies Group, Inc. reported financial results for the fourth quarter and full year ended Dec. 31, 2019. In doing so it noted that its total revenue increased 125% to $5.75 million, compared to $2.56 million in the same quarterly period, and its gross profit increased 176% to $3.15 million (55% of total revenue) compared to $1.14 million (45% of total revenue) in the same quarterly period last year.

Duos Awarded rip® Contract Worth $1MM

Duos Technologies Group, Inc.—through its operating subsidiaries Duos Technologies, Inc. and truevue360™—has again been awarded an expanded contract with a Class I freight railroad, this time for an estimated initial value of approximately $1 million in recurring revenue to be recognized over the five-year life of the contract.

Duos launches truevue360™

Jacksonville, Fla.-based Duos Technologies Group Inc. has launched a new operating subsidiary, truevue360™ (tv360) through subsidiary Duos Technologies, Inc., a provider of intelligent security and analytical technology. Tv360 will focus on developing, implementing and marketing artificial intelligence (AI) and “deep learning solutions” for a broad range of industries, among them rail.

Amtrak awards Duos Technologies IPAWS CAP contract

Duos Technologies Group, Inc. (OTCQB: DUOT), has been awarded several contracts at an aggregate value of $230,000 to provide a Needs Assessment and GAP Analysis of Integrated Public Alert and Warning System Common Alerting Protocol (IPAWS CAP) capabilities at five Amtrak facilities throughout the U.S. that are representative of stations across the entire Amtrak system.