Duos Technologies Secures $1.1 Million in Add-On Upgrades for Passenger Rail Contract
March 14, 2023
Additional Modifications Represent 11.5% Increase in Total Contract Value
JACKSONVILLE, FL / Globe Newswire / March 14, 2023 - 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 that analyzes fast moving vehicles, today announced that it has secured contract modifications worth an additional $1.1 million in upgrades to a new system for an existing customer in the passenger transportation sector. The add-ons are part of a long-term installation of the Company’s high-end Railcar Inspection Portal (“rip®” or “RIP”) that is designed to capture images at up to 125 miles per hour.
