April 2017 Digital Edition
March 2017 Digital Edition
Feb. 2017 Digital Edition
January 2017 Digital Edition
Nov/Dec 2016 Digital Edition
Oct 2016 Digital Edition
Duos Technologies awarded Letter of Intent from New York City Transit
JACKSONVILLE, FL June 13, 2017 - Duos Technologies Group, Inc. (OTCQB: DUOT), through its wholly owned subsidiary Duos Technologies, Inc., a provider of intelligent security analytical technology solutions, has been issued a Letter of Intent to award a Purchase Order from New York City Transit to provide a turn-key system as part of a comprehensive pilot program to test and evaluate new technologies that provide a warning when persons or objects enter onto NYC Transit system's tracks.
"Leveraging our experience in the development of many successful, cutting-edge railroad technology systems, we are honored to be chosen to utilize our intelligent technology platforms for this very important pilot program," stated Felix Krupczynski, SVP and Chief Sales Officer for Duos Technologies. "Monitoring and maintaining a safe and secure environment for New York City Transit riders and staff is a paramount focus of the agency and we're excited to demonstrate a solution that can meet the stringent demands of safety required for mass deployment."
The system will utilize redundant, multi-layered sensor technologies combined with Duos Technologies' proprietary praesidium® analytics software, based on neural network algorithms, that will maximize the reliability and accuracy of track intrusion detections. The design will also provide value added capabilities such as End of Platform intrusion detection. The pilot program is designed to evaluate the various technologies and ultimately select the technology to be rolled out to the over 1,500 tracks of NYC Transit's 450+ subway stations.
Duos Technologies Group CEO Gianni Arcaini said, "We feel strongly that our technology will receive high grades and will be instrumental in NYC Transit's stated objective of saving lives and minimizing injuries. Duos Technologies has a history of developing disruptive technology innovations, and this program will be another testimony of how we can effectively utilize our core of intelligent technologies that have been successfully deployed for our transportation clients. This program represents a significant strategic initiative within the transit rail industry with worldwide implications for transit market deployments." NYC Transit alone suffered over 350 incidents between January 2011 through February 2013 of which 129 were fatalities. In addition to the impact such accidents have on the personal lives of families and employees, consequential delays of the respective rail lines cause significant disruption to passengers and rail operations."
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (OTC Markets: DUOT), based in Jacksonville, FL, through its wholly owned subsidiary, Duos Technologies Inc., provides intelligent security analytical technology solutions with a strong portfolio of intellectual property. Duos Technologies' 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, oil and gas, chemical industries, commercial and retail distribution, and government sectors. Duos Technologies Group also offers IT, professional services. For more information, visit: http://www.duostech.com.