Duos Technologies (US:DUOT) Newsfilter·2024-06-20 12:00Core Insights - Duos Technologies Group, Inc. is expanding its business strategy by focusing on AI, data center deployment, and power infrastructure, which are fast-growing sectors in the technology landscape [2][3] Business Developments - The company held a press conference on June 18, 2024, to announce key developments in its strategy, attended by local dignitaries and industry stakeholders [1] - Duos has appointed Doug Recker as the President of its new subsidiary, Duos Edge AI Inc., effective July 15, 2024, to lead efforts in providing Edge Data Centers to underserved areas [3] - A strategic partnership has been signed with a Class 1 railroad to roll out a subscription-based railcar inspection system, with Amtrak as a current user [8][9] Technological Advancements - The company is leveraging its expertise in AI and machine vision to automate inspections of fast-moving freight and passenger trains, enhancing operational efficiency and safety [5] - The new Edge Data Center will support mechanical analysis of trains at speeds up to 125 MPH, delivering actionable safety data within 60 seconds [8][9] Market Position - The CEO emphasized that these developments reinforce the company's leadership in rail safety and expand its technological reach into new markets [9] - The demand for data centers is being driven by AI, with recent leasing activity comparable to adding an entire New York City to the US electricity grid [2]