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Duos Technologies says AI to become increasingly important in railroads, triples 1Q earnings

Duos Technologies Group Inc (OTCQB:DUOT) CFO Adrian Goldfarb says the technology company saw revenue more than triple in the first quarter of 2019.

The Florida-based company recently hosted its two-day 2019 Rail Solutions Summit in Ponte Vedra Beach, where Senior VP of Solutions & Innovations Scott Carns says Duos introduced a few of its new artificial intelligence products. Carns also says he expects railroads to be operating with AI of some sort in five to 10 years.

Quick facts: Duos Technologies Group, Inc

Price: 0.49 USD

OTCMKTS:DUOT
Market: OTCMKTS
Market Cap: $12.46 m
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Full interview: Duos Technologies wins new rail contract, posts record...

Duos Technologies Group Inc (OTCMKTS:DUOT) CEO Gianni Arcaini tells Proactive that the company has secured a $2.3 million contract from a Class 1 freight rail operator, including a five-year contract for technical support. Goldfarb adds the company reported record revenue in the first half of...

on 08/15/2019

2 min read