Duos Technologies Group Inc (DUOT)

[Adrian1]

PR: Duos receives $1.9M Contract add-on

Summary: This is another contract award for enhancements to the systems being installed later this year in the Northeast US. The additions are for enhancements to the vision-based systems which will capture images at up to 125 MPH.

My opinion: This project is very strategic for Duos and the additional award is now the second one in just over a month for a total of approximately $3M for both awards. Although the systems to be installed are based on the Duos RIP technology, these systems will be the first to combine very high-speed data capture with planned AI models to quickly identify potential issues that can then be inspected in greater detail by a qualified mechanical car inspector.