Carrier-neutral, SOC 2-compliant facility on Potter County land positioned adjacent to the Panhandle's largest colocation hub to provide a Tier 3 Data Center to compliment the carrier neutral colocation facilityJACKSONVILLE, Fla. and POTTER COUNTY, Texas, March 19, 2026 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiaries including Duos Edge AI, Inc., a leading provider of adaptive, modular, and scalable Edge Data Center (“EDC”) solut ...

Core Insights - Duos Technologies Group, Inc. has announced a strategic partnership with Seimitsu to enhance digital infrastructure in Georgia, focusing on low-latency performance and high-bandwidth connectivity for various sectors [1][5] Company Overview - Duos Technologies Group, Inc. operates through subsidiaries including Duos Edge AI, which specializes in localized edge computing solutions [1][8] - Seimitsu is a technology company with over 40 years of experience in fiber infrastructure and IT solutions, aiming to expand connectivity across Georgia [10] Partnership Details - The collaboration combines Duos Edge AI's modular infrastructure solutions with Seimitsu's extensive fiber network, providing unprecedented access to real-time data processing [1][3] - This partnership is part of Duos Edge AI's strategy to scale distributed AI infrastructure through fiber and site partnerships nationwide [5] Technological Advancements - The partnership aims to support mission-critical applications by processing data at the source, leveraging Seimitsu's fiber-optic network with a capacity of 25 Terabits [7] - Duos Edge AI's infrastructure is designed for rapid deployment in underserved areas, ensuring scalability and enhanced connectivity [7][9] Market Context - The demand for real-time data processing is increasing due to advancements in AI, IoT, and autonomous systems, making localized infrastructure critical [3] - The partnership positions Georgia as a leader in the "Edge" revolution, enhancing its competitiveness on a global scale [3][4]

Core Insights - Duos Technologies Group, Inc. has secured a contract with Hydra Host to deploy a high-density NVIDIA GPU cluster, expected to generate approximately $176 million in revenue over 36 months, with an initial customer pre-payment of $18 million and projected annual EBITDA of around $40 million [1][7]. Financial Projections - The contract is anticipated to deliver over $50 million in annual revenue and more than $40 million in annual EBITDA, with gross margins expected to exceed 80% [1][7]. - The project represents a significant commercial validation of Duos' High-Power Edge Data Center (EDC) business line, which is designed to cater to AI companies and high-performance compute tenants [5]. Deployment Details - The initial deployment will include multiple high-density modular EDCs, specifically designed for large-scale AI workloads, with manufacturing already underway [3]. - The first phase includes a 4.3+ MW colocation commitment from a leading global technology company, marking the largest Edge Data Center project in the company's history [3][5]. Market Demand and Scalability - There is significant inbound interest from AI hyperscalers and other potential AI infrastructure customers seeking deployments ranging from 5 to 20 MW, indicating strong market demand for Duos' distributed infrastructure platform [5]. - The company is actively evaluating additional high-density deployment sites to meet the accelerating demand, with a long-term objective of achieving 75 MW of distributed capacity [5]. Partnership and Funding - The partnership with Hydra Host is fully funded through a recently completed $65 million public offering and existing hardware financing arrangements, allowing for immediate deployment without the need for additional equity financing [2].

Financial Performance - Total revenues for the year ended December 31, 2025, were reported at $28,156,000[7] - Total cost of revenues amounted to $20,242,000, resulting in a gross margin of $7,914,000[7] - The company incurred a net loss of $9,508,000, translating to a basic and diluted net loss per share of $0.62[7] - Total operating expenses were $17,350,000, leading to a loss from operations of $9,436,000[7] Assets and Liabilities - As of December 31, 2025, the company had cash reserves of $15,472,000 and total assets of $70,725,000[7] - Contract liabilities stood at $12,051,000, while total stockholders' equity was reported at $48,763,000[7] - The company reported a working capital of $11,016,000 as of the end of 2025[7] Audit and Future Outlook - The financial results are preliminary and remain subject to audit[7] - Future growth rates and cash flow positions are subject to risks and uncertainties as outlined in the forward-looking statements[5] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[6]

Core Viewpoint - Duos Technologies Group, Inc. has successfully closed a public offering of 8,666,666 shares, raising approximately $65 million to support its growth strategy and capitalize on a $200 million NVIDIA GPU hosting letter of intent with Hydra Host under new CEO Doug Recker [1][2] Group 1: Financing and Offering Details - The public offering was led by existing institutional shareholders and new institutional investors, indicating strong confidence in the company's leadership and strategy [1][2] - The offering closed on March 2, 2026, and the net proceeds will be used to expand and commercialize the Edge Data Center business, as well as for working capital and general corporate purposes [1][2] Group 2: Strategic Initiatives and Market Position - The company aims to accelerate the commercialization of its high-power Edge Data Center business model and expand its Edge AI platform, aligning with growing demand for distributed AI compute and GPU capacity [2] - Doug Recker emphasized the company's strategic positioning to convert increasing demand into sustained revenue growth and long-term shareholder value [2] Group 3: Underwriting and Regulatory Information - Titan Partners acted as the sole bookrunner for the offering, which was made under a shelf registration statement filed with the SEC [3]

Group 1 - Duos Technologies Group, Inc. (DUOT) shares are down approximately 14 percent following the announcement of a non-binding letter of intent with Hydra Host and the appointment of Doug Recker as CEO effective April 1, 2026 [1][3] - The current stock price is $7.47, reflecting a decline of 14.93 percent from the previous close of $8.79, with a trading range over the past year between $3.84 and $12.17 [1] Group 2 - The partnership with Hydra Host aims to deploy a high-density NVIDIA GPU cluster for a leading global customer [2] - The company has entered into a non-binding letter of intent for a ground lease in Iowa, which will provide access to up to 10MW of utility power, establishing a strategic high-density deployment site [2]

Core Insights - Duos Technologies Group, Inc. has signed a non-binding letter of intent with Hydra Host to deploy a high-density NVIDIA GPU cluster, expected to generate approximately $176 million in revenue over a 36-month term with projected annual EBITDA exceeding $40 million [1][2] Group 1: Financial Projections - The GPU-as-a-Service partnership is modeled to support gross margins of more than 80% [1] - Incremental colocation revenue from the collaboration is expected to total approximately $25 million over the same 36-month term [2] Group 2: Strategic Developments - Duos has secured a ground lease in Iowa with access to up to 10MW of utility power, establishing a strategic high-density deployment site [3] - The company aims to build up to 75MW of distributed capacity as part of its long-term strategy [3] Group 3: Leadership Changes - Doug Recker has been appointed as Chief Executive Officer effective April 1, 2026, succeeding Chuck Ferry, who will remain on the board [4] - Under Mr. Recker's leadership, Duos will focus on scaling modular Edge Data Centers and expanding GPU hosting capabilities [4][5] Group 4: Market Positioning - The partnership with Hydra Host is seen as a validation of Duos' High-Power Edge Data Center business line, designed to meet the growing demand for AI compute capacity [2][5] - Duos is positioned to pursue high-value infrastructure opportunities with secured power and rapid deployment capabilities [5]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - Neurogene Inc. (NGNE) is up 34% at $26.42 [3] - Cardio Diagnostics Holdings, Inc. (CDIO) is up 20% at $6.29 [3] - Applied Optoelectronics, Inc. (AAOI) is up 19% at $64.00 [3] - Caris Life Sciences, Inc. (CAI) is up 19% at $22.93 [3] - Block, Inc. (XYZ) is up 18% at $64.59 [3] - MARA Holdings, Inc. (MARA) is up 16% at $9.84 [3] - NCR Atleos Corporation (NATL) is up 14% at $48.13 [3] - Birchtech Corp. (BCHT) is up 12% at $2.70 [3] - The RealReal, Inc. (REAL) is up 11% at $13.80 [3] - Candel Therapeutics, Inc. (CADL) is up 10% at $5.68 [3] Premarket Losers - Duolingo, Inc. (DUOL) is down 24% at $88.30 [4] - Xponential Fitness, Inc. (XPOF) is down 23% at $6.16 [4] - Emergent BioSolutions Inc. (EBS) is down 22% at $8.58 [4] - Flutter Entertainment plc (FLUT) is down 14% at $105.85 [4] - Ginkgo Bioworks Holdings, Inc. (DNA) is down 14% at $8.27 [4] - Willdan Group, Inc. (WLDN) is down 12% at $104.63 [4] - Duos Technologies Group, Inc. (DUOT) is down 12% at $7.67 [4] - CoreWeave, Inc. (CRWV) is down 11% at $85.96 [4] - Zscaler, Inc. (ZS) is down 9% at $152.22 [4] - Progyny, Inc. (PGNY) is down 8% at $20.40 [4]

Core Viewpoint - Duos Technologies Group, Inc. has announced a public offering of 8,666,666 shares of common stock, aiming to raise approximately $65 million in gross proceeds to support the expansion and commercialization of its Edge Data Center business [1][2]. Group 1: Offering Details - The public offering consists of 8,666,666 shares priced to generate about $65 million in gross proceeds, excluding underwriting discounts and expenses [1]. - Underwriters have a 30-day option to purchase an additional 1,299,999 shares to cover over-allotments at the public offering price [1]. - The offering is expected to close on or about March 2, 2026, pending customary closing conditions [1]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to expand and accelerate the Edge Data Center business, as well as for working capital and general corporate purposes [2]. Group 3: Regulatory Information - The offering is made under a shelf registration statement on Form S-3, which was filed with the SEC on February 11, 2026, and declared effective on February 12, 2026 [3]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC and are available on their website [3]. Group 4: Company Overview - Duos Technologies Group, Inc. is based in Jacksonville, Florida, and specializes in intelligent technology solutions for Machine Vision and AI applications, including Edge Data Centers [5].

Core Insights - Duos Technologies Group, Inc. achieved its revenue guidance for FY2025, reporting $28 million in revenue, a 288% increase from the previous year, and expects positive adjusted EBITDA in Q4 FY2025 [1][6] Financial Performance - The company recorded a revenue of $28 million for the fiscal year ending December 31, 2025, marking an estimated 288% increase over the prior year and nearly double its previous best year [1] - Duos anticipates achieving positive adjusted EBITDA in the fourth quarter of FY2025, which would be the second consecutive quarter of such performance [1][6] Business Expansion - Duos has expanded its offerings to include Data Center Infrastructure Solutions, enhancing its core data center vertical and supporting the deployment of Edge Data Centers (EDCs) [3] - The company has rolled out 12 EDCs across Texas, with two more expected to ship soon and one planned for Illinois, despite temporary supply chain constraints [3] - The Infrastructure Solutions Group signed approximately $7 million in contracts during Q4, indicating early traction and validating the strategic value of this expansion [4] Technological Advancements - Duos Technologies Group and Duos Edge AI received the Outstanding Innovation Award at the Pacific Telecommunications Conference 2026 for their patented modular Edge AI infrastructure [5] - The company is engaged in discussions with industry leaders regarding the planned expansion of EDCs for AI applications [6] Market Positioning - Duos Edge AI aims to provide high-powered edge computing solutions to underserved communities, focusing on education, healthcare, and rural industries [8] - The company's EDC solutions are designed to minimize latency and optimize performance, with capabilities of providing over 100 kW per cabinet and rapid deployment within 90 days [8]