Duos Technologies Group, Inc. (OTCMKTS:DUOT), a provider of intelligent security analytical technology solutions, has announced that it will be exhibiting at the 59th Annual Railway Interchange 2019, which is being held on September 22-24 in Minneapolis.
In a statement Thursday, the company said it will be displaying its latest generation of automated intelligent inspection technologies including, but not limited to, its Railcar Inspection Portal (rip) system, which provides 360-degree automated and semi-automated mechanical inspections of railcars.
It pointed out that it believes the many applications of the rip technology - which delivers ultra-high definition imaging in combination with algorithmic analysis tools to perform mechanical and security inspections - will be transformative to the rail industry,
The company said it is also displaying its latest innovation, the Track Intrusion Detection System (tids), which utilizes advanced Artificial Intelligence (AI) to monitor transit facilities and right-of-way to detect and characterize the presence of people and objects on and around the track bed.
Scott Carns, Duos executive vice president and interim COO commented in the statement: "Exhibiting at the RSSI conference is a tremendous opportunity for Duos to raise our profile within the rail community and get our solutions in front of relevant industry personnel who understand the value our technology holds.”
"We look forward to having the broader railroad industry and our partners witness our cutting-edge solutions and products. More specifically, we believe our newer innovations, which incorporate artificial intelligence for mechanical railcar inspection through our new truevue360TM division, are groundbreaking steps forward, representing the future direction of the industry," he added.
Duos Technologies said it will be exhibiting at booth #4518 at Railway Interchange, which is the largest gathering of members of the North American rail industry that focuses on technology trends for the rail industry and is attended by nearly 9,000 rail industry professionals from around the globe.
A month ago, Duos revealed that it had won a $1 million contract from a Class 1 freight railroad company to use artificial intelligence algorithms for automated rail-car inspections.
Duos said the five-year contract, awarded via its operating subsidiaries Duos Technologies Inc and truevue360, will provide about $1 million in recurring revenue. The name of the railroad company was not disclosed.
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