Duos Technologies Group implements first subscription customer

Duos Technologies, through its operating subsidiary Duos Technologies, announced that it has implemented its first subscription services agreement with a passenger transit operator. In connection with the agreement, Duos will offer access to its Railcar Inspection Portal and optional artificial intelligence detection models for key inspection points. The initial agreement, renewable annually, is initially valued at $300,000 and encompasses customer training, installation, and railcar data services across up to three existing Class 1 portals. “We are actively engaged in expanding our markets into both transit as well as railcar owners and lessors,” said Duos Chief Executive Officer Chuck Ferry. “This initial agreement is evidence that there is a market need for lower cost but higher value services in which operators benefit from automated near real-time inspection platforms that provide high quality data for necessary safety inspections. We look forward to providing updates on our continued progress as new portals and subscription customers come online.”