SOURCE: Duos Technologies Group, Inc.

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June 01, 2017 10:19 ET

Duos Technologies Awarded Contract to Develop New Thermal Inspection Technology

New High Resolution Thermal Inspection Module to Detect "Hot Spots" on Locomotives

JACKSONVILLE, FL--(Marketwired - June 01, 2017) - Duos Technologies Group, Inc. (OTCQB: DUOT), through its wholly owned subsidiary Duos Technologies, Inc. (together the "Company"), a provider of intelligent analytical technology solutions, has been awarded a contract to develop a thermal vehicle undercarriage inspection system with the objective to automatically detect hot spots on freight locomotives, using thermal imaging technology.

The Company's proprietary system design is based on extensive field testing and will leverage thermal imaging for component health monitoring. The system is designed to automatically monitor the thermal signatures of locomotive components and identify conditions that are non-compliant based on the requirements of the operating railroad. When a monitored component is out of its expected operating temperature range, the system will identify it and broadcast an alert.

The system will be installed at the Transportation Technology Center in Pueblo, Colorado. "We are very excited to have the opportunity to advance our intelligent automated inspection portfolio for the rail industry within a world class research and technology testing center," stated Felix Krupczynski, Duos Technologies' senior vice president.

One of the major objectives of this new technology focuses on early detection of excessive heat generated by anomalies, which could lead to catastrophic failures.

"This is a natural expansion of our suite of intelligent technologies that we have successfully deployed for our transportation clients," stated Gianni Arcaini, the Chief Executive Officer of Duos Technologies Group, Inc. "Continuing to expand our technology portfolio and incorporating leading technologies as they come to market, is consistent with our short and midterm strategic plan, and we expect this to have a positive impact on our revenue horizon," Arcaini said.

About Duos Technologies Group Inc.

Duos Technologies Group, Inc. (OTCQB: DUOT), through its wholly owned operating subsidiary Duos Technologies, Inc., based in Jacksonville, FL, provides intelligent security analytical technology solutions with a strong portfolio of intellectual property. The company's core competencies include advanced intelligent technologies that are delivered through its proprietary integrated enterprise command and control platform, centraco™. The Company provides its broad range of technology solutions with an emphasis on mission critical security, inspection and operations within the rail, utilities, petrochemical, healthcare, and hospitality sectors. Duos Technologies Group, Inc. also offers IT and professional services.

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