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Duos Closes Asset Management Deal with Fortress Investment Group

GlobeNewswire LogoGlobeNewswire2w ago

Duos Closes Asset Management Deal with Fortress Investment Group - GlobeNewswire

Quick Summary:

To learn more about Duos Energy Corporation, visit: learn more about Fortress Investment Group, visit: learn more about Duos Technologies, visit About Duos Energy CorporationDuos Energy Corporation, a subsidiary of Duos Technologies Group, Inc.(Nasdaq: DUOT), focuses on developing, owning, and operating sustainable energy projects to power Edge Data Centers and critical infrastructure industrial facilities across the United States.

Duos Technologies Group, Inc.(Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence ("AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting.

Deal estimated at $42 Million revenue over two years and a 5% equity stake in the new ventureJACKSONVILLE, Fla., Jan.06, 2025 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc.("Duos” or the "Company”) (Nasdaq: DUOT), is excited to announce the successful closing of an Asset Management Agreement ("AMA”) through its operating subsidiary, Duos Energy Corporation.

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Article Details

Author / Journalist: Duos Technologies Group, Inc

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 13:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 867 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 24915829

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 76 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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