Duos Technologies Receives Renewal of SAFETY Act Designation From Department of Homeland Security
praesidium(R) Technology Continues to Provide Important Liability Protections
JACKSONVILLE, FL -- (Marketwired) -- 01/21/16 -- Duos Technologies Group, Inc. (OTCQB: DUOT), a provider of intelligent security analytical technology solutions, has received a renewal of SAFETY Act Designation of its praesidium® technology from the U.S. Department of Homeland Security (DHS).
The SAFETY Act was enacted by the U.S. Congress in 2002 and provides important legal liability protections for providers of Qualified Anti-Terrorism Technologies and their customers. The Act is intended to encourage the development and deployment of innovative anti-terrorism technologies and services by limiting potential liabilities of providers and users, and its protections extend to Duos and its customers.
To achieve SAFETY Act Designation, Duos had to demonstrate that praesidium® has the capacity to deter, defend against, identify, respond to, or mitigate an act of terrorism. Duos received the initial SAFETY Act designation in 2010 with a retroactive protection for technologies deployed after April 1, 2004. Duos once again passed a rigorous review by the U.S. Department of Homeland Security to earn the Designation.
"For over 10 years, the praesidium® analytics suite has been the foundation of our proprietary intelligent technology solutions securing our national critical infrastructure," stated Felix Krupczynski, Executive Vice President and General Manager of Duos Technologies. "The renewal of this designation reinforces the level of confidence in the security that our systems have provided and will continue to provide throughout all of our deployments."
praesidium® is a browser-based sensor detection software suite that processes and analyzes incoming video feeds, using algorithms to detect activities and events. praesidium® can be customized to the individual customer's needs and concept of operations. The system is designed to provide buffer zone protection in challenging environments such as railroad infrastructure, oil, gas, utilities and a variety of other critical infrastructure industries requiring complex virtual fencing. Key activities detected by praesidium® include perimeter violation, wrongway movement, loitering activity, objects that are removed or left behind, and traffic congestion. The software will also detect, tag, and automatically track people or objects within an area of interest and classify objects by size, direction, and speed.
About Duos Technologies Group Inc.
Duos Technologies Group, Inc. (OTCQB: DUOT), based in Jacksonville, FL, provides intelligent security analytical technology solutions with a strong portfolio of intellectual property. Its 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, petrochemical, healthcare, and hospitality sectors. The Duos Technologies Group also offers IT, professional services.
Forward Looking Statements
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, the market acceptance of our security related products, our business environment and industry trends, our ability to successfully implement our financial strategy, including up-listing to a national exchange, competitive environment, the sufficiency and availability of working capital and general changes in economic conditions. We undertake no obligation to revise or update any forward-looking statement for any reason.
Contacts:
Corporate
Jean Martin
904-652-1601
jmm@duostech.com
Investors Relations
Adrian Goldfarb
904-652-1616
agg@duostech.com
Source: Duos Technologies Group, Inc.
Released January 21, 2016