Duos Technologies Implements First Subscription Customer

Data and Visual AI-Based Services Contract Grows the Company’s Recurring Revenue Base

Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Technologies, Inc. a provider of vision based analytical technology solutions, today announced that it has implemented its first subscription services agreement with a passenger transit operator. In connection with the agreement, Duos will offer access to its Railcar Inspection Portal (“rip®” or “RIP”) and optional artificial intelligence (“AI”) detection models for key inspection points.

The Duos Technology logo on an abstract blue and orange background
Duos announced a new subscription service for the rail industry

The initial agreement, renewable annually, is initially valued at $300,000 and encompasses customer training, installation, and railcar data services across up to three existing Class 1 portals. With the signing of the first customer for the subscription service, Duos expects to provide the same near real-time inspection data and AI-based alerts that have been developed and tested in conjunction with its Class 1 railroad customers.

Duos Chief Executive Officer Chuck Ferry, said:

“We are actively engaged in expanding our markets into both transit as well as railcar owners and lessors. This initial agreement is evidence that there is a market need for lower cost but higher value services in which operators benefit from automated near real-time inspection platforms that provide high quality data for necessary safety inspections. We look forward to providing updates on our continued progress as new portals and subscription customers come online.”

Duos announced a new subscription service for the rail industry including Class 1 Railroads, as well as car owners/lessors and is currently engaged in discussions with multiple railroads, railcar owners/lessors, and other potential users to expand its offering.

To stay up to date on the Company’s most recent developments or to learn more about the Duos story and its revolutionary technology platforms, be sure to follow here or sign up for email alerts here. For more information please contact [email protected] or visit the Company’s website and social media channels: Website, LinkedIn, Twitter.

This article was originally published by Duos Technologies.

View supplier

Contact Duos Technologies, Inc.

Use the form opposite to get in touch with Duos Technologies, Inc. directly to discuss any requirements you might have.

    We'd love to send you the latest news and information from the world of Railway-News. Please tick the box if you agree to receive them.

    For your peace of mind here is a link to our Privacy Policy.

    By submitting this form, you consent to allow Railway-News to store and process this information.

    Follow Railway-News on LinkedIn
    Follow Railway-News on Twitter