Company Overview: Duos Technologies Group, Inc.

Core Business Operations

• Focus Areas:
  • Development and deployment of machine vision and artificial intelligence (AI) technology for analyzing moving objects such as trains, trucks, automobiles, and aircraft.
  • Enhancing safety, maintenance efficiency, and operational metrics across various industries.
• Primary Product:
  • Railcar Inspection Portal (RIP): An automated inspection system for freight and transit train cars operating at speeds up to 125 mph.
  • Functionality: Uses optical, laser, and speed sensors combined with AI algorithms to detect safety and security defects on railcars from the top, sides, and undercarriage.
  • Regulatory Compliance: Meets standards mandated by the Federal Railroad Administration (FRA) and the Association of American Railroads (AAR) for safety inspections.

Technology and Intellectual Property

• Patents:
  • 11 patents related to rail scanning and defect detection technologies.
  • Notable patents include AI-based defect detection (US 11,891,098 B1), high-resolution imaging devices (US 11,974,035 B1), and undercarriage imaging (US 12,188,846 B2).
• Proprietary Solutions:
  • Centaco®: Enterprise information management platform consolidating data and events for operational awareness.
  • truevue360™: Platform for developing and deploying AI algorithms, including machine learning, computer vision, blob detection, and neural networks.
• Other Offerings:
  • Automated Logistics Information System (ALIS) for automating gate operations at logistics and intermodal facilities.

Market Presence & Customers

• Deployed systems with several Class 1 railroads, including a major passenger rail operator.
• Customer Base:
  • Railcar owners, shippers, transit railroads, and government law enforcement agencies.
• Geographical Deployment:
  • Systems deployed across the United States, Canada, and Mexico.
• Employees:
  • Approximately 84 employees in management, engineering, development, support, and project management (as of 2024).

Revenue & Financial Highlights (2024)

• Total Revenue:
  • $7.28 million (down slightly from $7.47 million in 2023).
• Revenue Breakdown:
  • Technology systems: $2.25 million (~38% decrease from $3.62 million in 2023).
  • Services and consulting: $5.03 million (up 31% from $3.85 million in 2023).
• Net Loss:
  • $10.76 million (improved from a loss of $11.24 million in 2023).
• Gross Margin:
  • $469,215, down 64% from $1.31 million, mainly due to timing of manufacturing and deployment delays.
• Cash Position (March 2025):
  • Approximately $4.06 million in cash after recent funding activities.

Subsidiaries & Market Expansion

• Duos Technologies, Inc.: The original operating company, specializing in rail inspection and industrial AI solutions.
• Duos Edge AI (Founded July 2024): Focuses on high-speed, localized data processing, deploying edge data centers primarily in underserved Tier 3 and Tier 4 markets.
• Duos Energy (Founded July 2024): Provides consulting and operational support for power generation assets, including management of ~850 MW of mobile gas turbines via an asset management agreement with Fortress Investment Group’s New APR Energy.
• Deployed Assets & Projects:
  • Multiple rail inspection portals.
  • Edge data centers in the planning and deployment phase.
  • Power assets supporting data center operations.

Summary

Duos Technologies Group, Inc. develops advanced machine vision and AI technologies primarily for railcar inspection, with a strong patent portfolio and deployed systems in North America. It is expanding into edge computing markets with a focus on underserved rural communities and the power generation sector, aided by recent subsidiaries and strategic partnerships. The company operates with about 84 employees and reported approximately $7.28 million in revenue for 2024. Despite operational challenges, its financial position includes around $4 million in cash and ongoing projects and partnerships poised to contribute to future growth.