Duos Technologies

People News: Greenbrier; Duos; WSP-USA; Greater Cleveland RTA

The Greenbrier Companies has announced leadership promotions in five business units. In addition, Duos Technologies Group, Inc. has appointed rail industry veteran Edmond (Ed) L. Harris to its Board of Directors; WSP-USA has named Thomas LeBeau and Darwin Desen to the national Transit and Rail team; and Greater Cleveland RTA has named Mark Petit Deputy General Manager of Innovation and Technology.

CN has seven Duos Railcar Inspection Portals (rip®) currently in operation along its network.

Supply Side: CN Signs Contract with Duos, Bentley Launches Virtuosity

CN has awarded a multi-year contract to Duos Technologies, Inc., for complete North American service, support, maintenance and spare components sourcing for the seven Railcar Inspection Portals (rip®) currently in operation along its network. Additionally, engineering software firm Bentley Systems, Inc., has established Virtuosity to combine subscriptions to Bentley applications, such as OpenRail, with training and expert services.

Duos Technologies Appoints Ferry CEO

Duos Technologies Group, Inc. has appointed Charles “Chuck” Ferry as CEO, based in Jacksonville, Fla. Ferry replaces Founder and Chairman Gianni Arcaini, who continues to serve on the board of directors.

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.