Duos Technologies Group (DUOT) 2024 Annual Gateway Conference summary

Strategic transformation and business evolution

• Transitioned from a railroad-focused tech provider to a diversified intelligent technology company with three divisions: Duos Tech, Duos Edge AI, and Duos Energy.

• Over 90% of staff are new in recent years, including a revamped tech team and leadership.

• Management team includes experienced leaders for each division, aiming for significant growth.

Technology and product innovation

• Railcar Inspection Portal (RIP) uses AI and machine vision to inspect railcars at speeds up to 125 mph, providing 360-degree imaging and defect detection within 60 seconds.

• Over 50 AI models focus on safety-critical inspection points, with 95% accuracy, supporting regulatory compliance.

• Subscription service launched to provide safety data as SaaS, expanding access without hardware investment.

• Scanned over 8 million railcars last year, expected to reach 11 million this year, leading the industry in data volume.

Expansion into edge data centers

• Edge data centers process high-resolution image data locally, reducing latency and cloud costs.

• New division led by an industry veteran, targeting tier three and four markets such as schools and hospitals, with a recent contract in a Texas school district.

• Each center costs about $1 million to deploy, generates ~$400,000 annual revenue, with 71% margins and 5–10 year contracts.

• Goal to deploy 150 centers in the next few years, focusing on underserved regions.