Duos Technologies Group has filed a notice of an exempt offering of securities to raise $30,000,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Duos Technologies Group is raising $30,000,000.00 in new funding. Sources indicate that as part of senior management Chief Financial Officer, Andrew Murphy played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Duos Technologies Group
Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiary, Duos Technologies, Inc. designs, develops, deploys and operates intelligent technology solutions supporting rail, logistics, intermodal and Government customers that improve safety, streamline operations, and reduce costs. Since our inception in 1990, Duos Technologies, Inc. (Duos) has provided a broad variety of sophisticated, technology-based applications to a growing range of clientele. We specialize in automated systems with an emphasis on Machine Vision & Artificial Intelligence, vision based analytical technology solutions, and integrated smart Command & Control centers that combine both new and existing equipment and a broad range of smart sensor systems. Our combined team expertise includes subject matter experts (with years of practical experience) in the diverse fields of mechanical, electrical, chemical, industrial, electronic, and computer engineering, IT, procurement, project management, and construction management. We start with a customers rough concept or requirement, and leverage our unique synergy to define, create, enable, and implement a solution to meet those requirements. Our organizational structure and company culture encourage our team members to respond and interact innovatively and proactively to the needs of our customers. Most companies drive the customer toward a cookie-cutter, one size fits all solution this is the Duos point of difference. We have a richness of expertise, experience, partnerships, and resources to provide one-stop- shop solutions that specifically meet the needs of our customers.
To learn more about Duos Technologies Group, visit http://www.duostechnologies.com/
Contact:
Andrew Murphy, Chief Financial Officer
904-652-1616
SOURCE: http://www.intelligence360.io
Copyright (c) 2023 SI360 Inc. All rights reserved.