Duos Technologies secures $1.1M in add-on upgrades for passenger rail contract

Duos Technologies, through its operating subsidiary Duos Technologies, announced that it has secured contract modifications worth an additional $1.1M in upgrades to a new system for an existing customer in the passenger transportation sector. The add-ons are part of a long-term installation of the Company’s high-end Railcar Inspection Portal that is designed to capture images at up to 125 miles per hour. Due to recent events surrounding derailments, federal, state and local governments are placing an increased focus on preventative measures and technologies that railcar operators can use to mitigate the risk of mechanical defects. Duos continues to work with key stakeholders to provide a growing suite of technical solutions for such operators, including the Company’s new high-end RIP. Duos expects the new technology to be operational later this year. "We have been working for many years with our Class 1 customers to refine critical defect detection requirements and have invested tens of millions of dollars in designing, developing, and deploying the latest imaging technologies and artificial intelligence models to address their needs," said Duos Chief Executive Officer Chuck Ferry. "As our offerings improve, we will continue to explore add-on opportunities, such as this agreement with an existing customer, to ensure deployed systems are continually up to date with the most advanced iterations of our hardware and software. Moving forward, we plan to continue our important work with the industry stakeholders to drive better and safer outcomes for everyone."