Duos Technologies Group Unveils Strategic Partnership and Announces New Subsidiary at Press Conference

Duos Technologies Group Unveils Strategic Partnership and Announces New Subsidiary at Press Conference
Duos Technologies Group Unveils Strategic Partnership and Announces New Subsidiary at Press Conference

Duos Technologies Group Unveils Strategic Partnership and Announces New Subsidiary at Press Conference

Sponsored

Duos Technologies Group, Inc. held a significant press conference, sharing key advancements in its business strategy. The event, held in Jacksonville, was attended by local dignitaries, members of the Jacksonville Chamber of Commerce, and key industry stakeholders, and was also streamed live via the Duos YouTube channel.

CEO Chuck Ferry revealed that Duos has entered into a strategic partnership with a Class 1 railroad company to roll out its subscription-based railcar inspection system. Currently in production and test phases with key railroad operators, this innovative system is set to revolutionize railcar inspections. Ferry noted that Amtrak is already using the system, with Duos building two high-speed inspection systems for the rail operator. The first components of these systems, specialized Edge data centers, were in the process of being shipped during the event. These data centers will support portals capable of analyzing trains traveling up to 125 MPH, delivering actionable safety data within 60 seconds, thus enhancing rail safety and operational efficiency.

Highlighting the company’s foray into AI and data center deployment, Ferry emphasized Duos’ capability to execute large, sophisticated projects. The new developments position Duos at the forefront of the fast-growing AI and data center markets. Michael Elias, Senior Equity Research Analyst at TD Cowen, underscored this expansion, stating, “AI is driving a re-rating of the data center demand as the data center leasing seen in the last 12 months is the equivalent of adding an entire New York City to the US electricity grid.”

Sponsored

“We are thrilled to announce these groundbreaking developments that not only reinforce our leadership in rail safety but also expand our technological reach into new markets,” said Ferry. “Our partnership with Amtrak and the deployment of our Edge Data Center represents significant strides forward, while the formation of Duos Edge AI marks an exciting new chapter for our company.

A key highlight of the press conference was the announcement of Duos Edge AI Inc., a new subsidiary focused on deploying Edge Data Centers to remote areas, including schools and health facilities. Doug Recker, an IT veteran and former marine, has been appointed as the President of this new venture, effective July 15, 2024.

Recker brings over 30 years of experience in telecommunications and data centers to Duos Edge AI. In his remarks, he expressed his enthusiasm for the venture’s potential to deliver high-speed connectivity and compute power to underserved communities. “I am excited to join Duos and lead Duos Edge AI. Our focus on education, healthcare, and rural industries will help drive innovation and growth, ensuring that these communities benefit from the same technological advancements as major urban centers.” 

Duos Technologies Group’s latest initiatives signify a major leap forward in both their traditional rail safety market and new technological domains. The company’s strategic partnerships and the formation of Duos Edge AI exemplify its commitment to innovation and community impact.

For those interested in staying updated on Duos’ developments or learning more about their revolutionary technology platforms, you can follow the company or sign up for email alerts. More information is available by contacting DUOT@duostech.com or visiting Duos’ website, LinkedIn, and X

Leave a Reply

Your email address will not be published. Required fields are marked *