Board of Directors
Gianni B. Arcaini
Thirty-year industry veteran with an early career in Europe building and leading a range of companies, effecting MBO on a portion thereof. Prior to immigrating to the United States in 1984, Mr. Arcaini spent over 10 years in various executive capacities with Robex International, a joint venture of three multinational Dutch public corporations (Royal Volker Stevin N.V., Royal Bijenkorf N.V., and the Westland Utrecht Bank N.V.), ultimately acquiring the company in a management buyout. Subsequently, he expanded its operations to 10 countries, including the United States. In 1984, he sold the company's European operations to a strategic buyer and immigrated with his family to the United States. Mr. Arcaini subsequently founded and later sold Strategic Planning Group, Inc., an economic and strategic planning, research, and international permitting firm.
In 1990, Mr. Arcaini, together with a group of European investors (primarily from The Netherlands), founded Environmental Capital Holdings, Inc. (ECH) a company engaged in the technology transfer from Europe to the US. Shortly thereafter, ECH acquired a Dutch engineering company (Duos Engineering B.V.) and subsequently formed Duos Engineering (USA), Inc. (now Duos Technologies, Inc.) as a fully owned subsidiary of ECH. In 2002, Duos Technologies spun off from ECH and under the leadership of Mr. Arcaini expanded into a broad-based technology company with special focus on homeland security. Aside from his role as Chief Executive Officer, Mr. Arcaini has been the chief architect of the company's substantial technology developments, and is the primary or co-inventor of most technologies included in Duos' extensive IP library. He is signatory to 14 patents or patent pending applications. Mr. Arcaini completed his early education at a Jesuit Boarding school in Austria and in Germany, and graduated from the business school in Frankfurt, Germany. He is fluent in German, Dutch, Italian, Spanish and English.
EVP, Chief Financial Officer, Director
Mr. Goldfarb is an industry veteran including more than 35 years in information technology beginning at IBM. For the last 20 years, Mr. Goldfarb has specialized in new venture and early stage organizations where he has assumed roles of increasing responsibility and leadership including CFO, President, and Board Member. Mr. Goldfarb currently serves as our CFO and member of the Board of Directors and oversees the Company’s IT Asset Management business unit. He studied Accounting in the UK and holds a Bachelors of Arts in Business Administration with a concentration in Finance.
Independent Director, Member Governance, Compensation & Nominating Committees, Co-Chair Audit Committee
Blair is a CPA with a 30-year career span, holding various positions such as CFO, Controller and financial consultant spanning multiple industries. His experience includes positions as controller of Enterprise Rent a Car, Controller of Gate Petroleum hospitality division, and CFO of Mountainstar Capital.
Independent Director, Chairman of the Compensation Committee and Nominating Committee
Mr. Kenneth Ehrman currently serves as an independent consultant to several high-technology companies in supply chain/logistics and transportation. Mr. Ehrman advises technology companies focused on solutions for these industries and joins the Company with a strong background in technology. As an innovator in intelligent machine-to-machine (“M2M”) wireless technology and industrial applications of the Internet of Things (“IoT”), Mr. Ehrman has been awarded more than 20 patents in wireless communications, mobile data, asset tracking, power management, cargo and impact sensing, and connected car technology. Mr. Ehrman previously served as Chief Executive Officer of I.D. Systems, Inc. (“IDS”), a company he founded in 1993 as a Stanford University engineering student, pioneering the commercial use of radio frequency identification (“RFID”) technology for industrial asset management. Under Mr. Ehrman’s leadership, IDS began trading on the NASDAQ in 1999 and was named one of North America’s fastest growing technology companies by Deloitte in 2005, 2006, and 2012. During his tenure at IDS, Mr. Ehrman received multiple awards, including Deloitte Entrepreneur of the Year and Ground Support Worldwide Engineer/Innovator Leader. He also served on the Board of Financial Services, Inc. from 2012-2016 before it was successfully sold to a large financial software company.
Independent Director, Co-Chair Audit Committee, Member Nominating & Corporate Governance Committee, Member Compensation Committee
Mr. Ned Mavrommatis joined the Board on August 13, 2019. Mr. Mavrommatis has served as Chief Financial Officer of PowerFleet, Inc. ("PowerFleet") since October 2019. PowerFleet is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. From August 1999 until October 2019 he served as Chief Financial Officer of I.D. Systems, Inc. Mr. Mavrommatis serves on the Board of PowerFleets' wholly owned subsidiary PowerFleet Israel and is also the Managing Director of PowerFleets’ wholly owned subsidiaries, PowerFleet GmbH and PowerFleet Systems Ltd.
Mr. Mavrommatis received a Master of Business Administration in finance from New York University’s Leonard Stern School of Business and a Bachelor of Business Administration in accounting from Bernard M. Baruch College, The City University of New York. Mr. Mavrommatis is also a Certified Public Accountant.