Duos Technologies IT Services Division Receives Major Contract Award
Contract Scope Includes Audit of up to 30 Domestic Data Centers of International Mobile Operator
JACKSONVILLE, FL -- (Marketwired) -- 02/11/16 --
Duos Technologies Group, Inc. (OTCQB: DUOT), a provider of intelligent security analytical technology solutions, announced today that it has been awarded a new contract by one of its strategic partners to provide data center audit services for an international mobile telecommunications operator. The project is anticipated to be completed in the 4th Quarter of 2016. The services will be delivered by Duos Technologies' IT Infrastructure Services Division utilizing its patented data center audit methodology and a module of its proprietary centraco™ system.
"Our data collection and analysis methodologies deliver measurable intelligence on large data center infrastructures, and effectively establishes accurate awareness of our customer's rapidly expanding IT assets," said Joe Coschera, Duos Technologies Group Senior VP of IT Services. Utilizing a patented process and mobile audit software solution, Duos can insure timely completion and accurate deliverables to its clients. "We have successfully completed IT asset inventory audits for many Fortune 500 and Fortune 100 companies in hundreds of data centers with accuracy levels exceeding 99%," he went on to say.
Duos Technologies Group, IT infrastructure services division focuses on bringing products and services to support the largest Data Centers with their DCIM implementations. The division has delivered data collection and audit services via its partners for most of the major telco operators. Adrian Goldfarb, CFO of Duos Technologies Group, has corporate responsibility for the IT infrastructure services division. "Our plan is to significantly enhance our audit services by introducing innovative technologies later this year, which will increase the speed and accuracy data center audits can be accomplished," he commented.
About Duos Technologies Group Inc.
Duos Technologies Group, Inc. (OTCQB: 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, petrochemical, healthcare, and hospitality sectors. Duos Technologies Group also offers IT, professional services.
For more information, visit: http://www.duostech.com.
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 market wide acceptance of the data center auditing methodologies, continued revenue generation from our partners and ultimate profitability to allow further research & development of new solutions for the IT asset inventory audit, our business environment and industry trends, 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.
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 February 11, 2016