Duos Technologies Expands Energy Sector with New Agreement

Duos Technologies Group ( (DUOT) ) has shared an update.

Duos Technologies Group announced the successful closing of an Asset Management Agreement with Fortress Investment Group, enabling Duos Energy to manage and operate a fleet of mobile gas turbines with a capacity of 850 megawatts. This strategic partnership emphasizes Duos’ role in providing flexible energy solutions for data centers and industrial facilities, while also securing a 5% equity stake in the venture, reflecting the company’s commitment to expanding its footprint in the energy sector and meeting growing power demands.

More about Duos Technologies Group

Duos Technologies Group, Inc., based in Jacksonville, Florida, operates through its subsidiaries such as Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation. The company specializes in intelligent technology solutions for Machine Vision and AI applications, including real-time analysis of fast-moving vehicles, Edge Data Centers, and energy consulting. Duos Energy Corporation focuses on sustainable energy projects, particularly clean-burning natural gas generation, to power Edge Data Centers and critical infrastructure.

YTD Price Performance: 6.05%

Average Trading Volume: 87,081

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $63.42M

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