Duos Secures $2.4 Million AI Subscription and Services Agreement

JACKSONVILLE, Fla., Jan. 17, 2024 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq:DUOT), through its operating subsidiary Duos Technologies, Inc., a provider of Machine Vision and Artificial Intelligence (“AI”) to analyze fast moving freight, passenger and transit trains and trucks, announced a strategic move aimed at revolutionizing rail safety. The Company has solidified its collaboration with a leading Class 1 railroad to implement a three (3) year agreement for advanced AI-Based Defect Detection models into their day to day operations as well as preventative site maintenance programs for the railroad’s Railcar Inspection Portals. Incorporating a unique subscription-based AI offering, the agreement sets new industry standards for comprehensive long-term collaboration in meeting and exceeding railway safety initiatives.

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