Duos Technologies Signs $42M Asset Management Agreement with Fortress for 850MW of Power Generation Assets
Duos Technologies Group, Inc. (DUOT)
NASDAQ:AMEX Investor Relations:
ir.duostechnologies.com
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Source: GlobeNewswire
JACKSONVILLE, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), is pleased to announce that its operating subsidiary Duos Energy Corporation has signed a two-year Asset Management Agreement (“AMA”) to deploy and operate a fleet of mobile gas turbines and balance-of-plant inventory (“the portfolio” or “the assets”) that has a combined generation capacity of 850 megawatts. The AMA has been signed with affiliates of Fortress Investment Group (“Fortress”); funds managed by affiliates of Fortress are acquiring the portfolio from APR Energy. Through the AMA, Duos will oversee the management and deployment of the assets. Duos is already in active discussions regarding deployment to developers of immediate-demand power projects, including US-based data center developers and other international projects. “This new agreement accelerates the diversification of Duos’s business,” said Chuck Ferry, CEO of Duos Technologies Group. “We
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News
- Duos Partners with Texas City for Data Center Development [Yahoo! Finance]Yahoo! Finance
- Duos Partners with Texas City for Data Center DevelopmentGlobeNewswire
- Duos Technologies Group, Inc. (NASDAQ: DUOT) had its price target raised by analysts at Ascendiant Capital Markets from $6.00 to $7.50. They now have a "buy" rating on the stock.MarketBeat
- Duos Technologies Group Inc (DUOT) Q3 2024 Earnings Call Highlights: Record Revenue Growth and ... [Yahoo! Finance]Yahoo! Finance
- Duos Technologies Group, Inc. (NASDAQ: DUOT) had its price target raised by analysts at Northland Securities from $5.50 to $10.00. They now have an "outperform" rating on the stock.MarketBeat
DUOT
Earnings
- 11/19/24 - Beat
DUOT
Analyst Actions
- 12/17/24 - Ascendiant Capital
DUOT
Sec Filings
- 11/21/24 - Form 8-K
- 11/20/24 - Form 8-K
- 11/19/24 - Form 10-Q
- DUOT's page on the SEC website