JACKSONVILLE, Fla., June 13, 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 patented Artificial Intelligence (“AI”) technology to analyze fast moving freight, passenger and transit trains and trucks, announced today that the Company will be a featured sponsor in Railway Age’s “Rail Insights 2024” virtual conference. Scheduled for June 20, 2024, this event will spotlight innovations in rail, with Duos presenting on the pivotal role of “AI at the Edge” in enhancing mechanical defect detection and overall operational rail safety.
The Duos Railcar Inspection Portal (RIP®) has established itself as the industry standard technology solution for mechanical defect detection using AI. This patented technology enables Class 1 and Class 2 railroads, short-line railroads, railcar owners and lessors, to instantly benefit from railcar safety data sharing from RIP portals. The advanced “AI at the Edge” significantly enhances processing power for freight, passenger trains, and railroad employee safety while improving operations and train inspection capabilities.
“We are honored to participate in Rail Insights 2024, where we will demonstrate how our RIP® technology sets the industry standard for mechanical defect detection,” said Chuck Ferry, CEO of Duos. “Our AI-driven solutions are at the forefront of railway innovation, significantly improving operational efficiency and safety for rail operators.”
Rail Insights 2024 brings together top executives and industry experts to discuss key trends, challenges, and advancements in the rail sector. Duos’ presentation will emphasize the proven real world transformative impact of their high-performance AI solutions combined with Edge processing on the future of rail transportation.
For more information about the event and to register, please visit Rail Insights 2024 here.
To stay up to date on the Company’s most recent developments or to learn more about the Duos story and its revolutionary technology platforms, be sure to follow here or sign up for email alerts here. For more information please contact [email protected] or visit the Company’s website and social media channels: Website, LinkedIn, Twitter.
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiary, Duos Technologies, Inc., designs, develops, deploys and operates intelligent vision based technology solutions supporting rail, logistics, intermodal and government customers that streamline operations, improve safety and reduce costs. The Company provides cutting edge solutions that automate the mechanical and security inspection of fast-moving trains, trucks and automobiles through a broad range of proprietary hardware, software, information technology and artificial intelligence. For more information, visit www.duostech.com.
Forward- Looking Statements
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated,” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
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