Duos Granted Comprehensive Patent for Railcar Scanning - Seite 2

"Duos’ latest patent marks a significant milestone in our ongoing mission to revolutionize railcar inspection processes," commented Chuck Ferry, CEO of Duos. "In development for many years, this technology is in productive use in 13 locations across the US, Canada and Mexico, with an additional three locations expected within nine months. The full system covered by this patent delivers value by identifying even the most minor anomalies or defects according to AAR and FRA Rules and Regulations, thereby helping to facilitate the safety and reliability of rail transportation networks."

The combination of the RIP, AI and associated Edge Data Centers provides a comprehensive solution to the rail operators. The Company is also expanding its target market by offering bespoke solutions such as subscriptions for customized data, specific industry applications outside of traditional rail operations and high-speed edge data processing. The underlying technology is developed and supported “in-house” using AI and rail industry experts. This patent confirms the integrated approach giving Duos a significant advantage in terms of custom-built implementations and speed of results delivery versus a home-grown system using third party developers.

Duos was recently granted a rail safety AI patent incorporating supervised machine learning. This combined with the recently awarded patent covers an integrated set of technology that offers rail operators a completely integrated railcar inspection system designed to detect defects and prevent costly derailments.

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About Duos Technologies Group, Inc.

Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiary, Duos Technologies, Inc., designs, develops, deploys and operates intelligent vision-based technology solutions using Machine Vision and Artificial Intelligence (“AI”) to analyze fast moving freight, passenger and transit trains and trucks streamlining operations, improving safety and reducing costs. The Company provides cutting edge solutions that automate the mechanical and security inspection of fast-moving trains, trucks and automobiles through a broad range of proprietary hardware, software, information technology and artificial intelligence. For more information, visit www.duostech.com.