Edge Data Center (EDC)
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Duos Edge AI Deploys Edge Data Center in Abilene, Texas
Globenewswire· 2026-01-07 13:00
Core Insights - Duos Technologies Group, Inc. is expanding its Edge Data Center (EDC) solutions in Texas through a partnership with Region 14 Education Service Center, aimed at enhancing digital infrastructure for education and community growth in West Texas [1][5] Group 1: Partnership and Deployment - The new EDC in Abilene, Texas, will serve as a carrier neutral colocation facility and computing hub, providing enhanced bandwidth and low-latency AI capabilities to over 40 school districts across an 11-county area [3][4] - This initiative is part of a broader strategy to deploy edge computing solutions tailored to education, healthcare, and enterprise needs, building on previous successful installations in Amarillo, Waco, and Victoria [4] Group 2: Community Impact - The partnership aims to bridge digital divides in rural and underserved communities, enabling faster access to educational tools and AI-driven applications while reducing reliance on distant centralized data centers [3][5] - The EDC is expected to significantly enhance technological capabilities for schools and partners, ensuring equitable access to high-speed computing and AI resources, which will positively impact student learning and teacher development [5] Group 3: Operational Details - The EDC is anticipated to be fully operational in early 2026, with a launch event planned at Region 14 ESC's headquarters in Abilene [5] - Duos Edge AI specializes in high-function EDC solutions that minimize latency and optimize performance, with capabilities to provide over 100 kW per cabinet and rapid deployment within 90 days [7]
Duos Technologies Group Reports Second Quarter 2025 Results
Globenewswire· 2025-08-14 20:15
Core Insights - Duos Technologies Group, Inc. reported a 280% increase in quarterly revenue, reaching $5.74 million in Q2 2025 compared to $1.51 million in Q2 2024, driven by strong performance in energy services and edge computing [4][20] - The company is on track to meet its full-year revenue guidance of $28 million to $30 million, representing a projected increase of 285% to 312% from 2024 [20][21] - The gross margin for Q2 2025 improved significantly, increasing 808% to $1.52 million from a loss of $0.21 million in Q2 2024, primarily due to the execution of the Asset Management Agreement (AMA) with New APR Energy [7][15] Financial Performance - Total revenue for the first six months of 2025 increased 314% to $10.69 million from $2.58 million in the same period last year [12][13] - Services and consulting revenue accounted for approximately $10.59 million, with significant contributions from the AMA [13][14] - Cost of revenues increased 191% to $7.86 million, primarily due to the support of the AMA [14] Operational Highlights - The company showcased its first production standalone Edge Data Center (EDC) and began installation activities at three additional locations [4][19] - As of the end of Q2 2025, Duos had a revenue backlog of approximately $40.7 million, with $18 million expected to be recognized in 2025 [19][20] - Duos completed a $40 million public offering and raised an additional $12.5 million through an At-the-Market offering, enhancing its cash position for future expansions [4][20] Management Commentary - The CEO expressed confidence in the company's growth trajectory, highlighting the record revenues achieved in the first half of 2025 and the expectation of reaching breakeven in the near future [21]