InnovationThe company has developed the Railcar Inspection Portal (RIP) that provides both freight and transit railroad customers and select government agencies the ability to conduct fully automated inspections of trains while they are in transit.
Market OpportunityThe major train derailment in Ohio of highly hazardous materials may be a catalyst for the railroads or its regulatory agencies to elevate safety inspections requirements including using Duos RIP technologies.
Regulatory EnvironmentThere is a big push by federal regulators and railroad companies to move towards advanced technology and automation to reduce costs, increase efficiency, and improve safety.