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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: 3.76 USD

NASDAQ:DUOT
Market: NASDAQ
Market Cap: $13.28 m
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Duos Technologies' new CEO is a former Lockheed-Martin exec and Army veteran

Duos Technologies Group Inc (NASDAQ:DUOT) new CEO Charles Ferry speaks to Proactive about his defense contracting and longtime US Army service member background. Ferry says he spent 26 years of active duty service in the US Army. He most recently served as CEO of APR Energy, a global fast-track...

6 days, 11 hours ago

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