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JACKSONVILLE - Duos Technologies Group, Inc. (Nasdaq:DUOT), a technology company with a market capitalization of $119.2 million, announced Thursday an expansion of its strategic partnership with FiberLight, LLC to accelerate the deployment of Edge Data Centers (EDCs) across underserved markets in the United States. According to InvestingPro data, the company has demonstrated strong momentum with an impressive 89% revenue growth in the last twelve months.
The collaboration builds upon the companies’ existing work in Texas and aims to deliver low-latency computing infrastructure to high-growth markets. Through its subsidiary Duos Edge AI, the company will deploy modular, SOC 2 Type II compliant EDCs that will connect to FiberLight’s fiber network, which spans approximately 13,000 route miles across Texas. InvestingPro analysis indicates ambitious growth prospects, with analysts forecasting sales growth of 287% for the current fiscal year.
The partnership recently demonstrated its effectiveness in Corpus Christi, where FiberLight needed to quickly reestablish a primary point-of-presence. Duos Edge AI deployed a new EDC just 30 feet from existing infrastructure, eliminating the need for 2,000 feet of new construction and resulting in cost savings.
"Expanding our partnership with FiberLight is a significant step forward in our mission," said Doug Recker, President and Founder of Duos Edge AI.
Tyler Coates, Chief Revenue Officer at FiberLight, added, "The Corpus Christi project shows how Duos Edge AI brings more than just edge data center capabilities; they add real value for our customers."
Duos Edge AI reports it is on track to contract 15 EDCs by the end of 2025, with active deployments underway in Texas and plans for expansion in the Midwest and Southeastern United States. While the company’s expansion plans are ambitious, InvestingPro data reveals some financial challenges, including a current ratio of 0.53, suggesting careful monitoring of liquidity may be needed. For deeper insights into DUOT’s financial health and growth potential, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The expanded partnership will enable joint planning around site selection, connectivity, and deployment in markets where infrastructure is most needed, according to the company’s press release statement.
The EDCs are designed to be positioned within 12 miles of end users or devices, significantly closer than traditional data centers, enabling faster processing of data for applications requiring real-time response.
In other recent news, Duos Technologies Group, Inc. announced the pricing of its upsized public offering of 6,666,667 shares of common stock at $6.00 per share, aimed at funding growth initiatives. The offering, which attracted significant interest from institutional investors, is expected to close around August 1, 2025, and includes an option for underwriters to purchase additional shares to cover over-allotments. The proceeds from this public offering are intended to expand and commercialize Duos Technologies’ Edge Data Center business, supporting the deployment of over 65 edge data centers. Additionally, the company plans to deploy two new Edge Data Centers in Corpus Christi, Texas, by the end of July, which will act as communication hubs for various sectors. In another development, Duos Technologies, through its subsidiary Duos Edge AI, Inc., announced a partnership with Region 3 Education Service Center to establish an Edge Data Center in Victoria, Texas. This center will enhance digital access for 37 school districts, offering low-latency services like AI-based learning platforms and telemedicine. These recent developments reflect Duos Technologies’ strategic focus on expanding its infrastructure and enhancing digital connectivity in key regions.
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