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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: 6.16 USD

NASDAQ:DUOT
Market: NASDAQ
Market Cap: $12.2 m
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Full interview: Duos Technologies Group graduates its shares to the Nasdaq,...

Duos Technologies Group Inc (NASDAQ:DUOT) CEO Gianni Arcaini and CFO Adrian Goldfarb tells Proactive the technology company has priced a $8 million public offering the same day its shares began trading on the Nasdaq. The two executives say Florida-based intelligent analytical technology...

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