Duos Technologies Launches Proprietary dcVue™ Software Platform

New Platform Enables Automation and Mobile Verification of Large Data Center IT Assets

JACKSONVILLE, Fla., June 20, 2018 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (OTCQB:DUOT), a provider of intelligent security analytical technology solutions, has launched its new dcVue™ software platform for data collection and auditing of IT assets with a focus on large data centers. The system will be commercially available by June 30, 2018 and is expected to be generally available by early September 2018. dcVue™ is based on one of the Company’s patents outlining a methodology for collecting asset data populating large data centers.

Gianni Arcaini, the Company’s Chief Executive Officer, stated: “The release of this newest technology represents another building block in Duos’ growing inventory of intellectual property. We have earned a reputation for delivering innovative and proprietary solutions to our customers that improve their business operations across a variety of functions. This new platform further builds on that legacy and supports our potential for future growth into adjacent and new industries.”

Joseph Coschera, Senior VP of Duos’ Information Technology Asset Management (ITAM) division, added: “We believe the dcVue™ platform represents a significant step forward for the entire ITAM industry. While in use, an Android-based mobile touch computer will provide a platform for the exchange of data between both dcVue™ and a best-in-class data center as well as other IT asset management solutions. In creating this software platform, one of our primary objectives was to provide advanced methods of auditing IT assets. For example, our system features a ‘quick scan’ process that verifies the presence of rack mounted assets in as little as two seconds per device providing a significant improvement in cost and efficiency over traditional methods.”

Duos’ ITAM division has a long history of delivering professional services to some of the largest data centers in the world.  The Company’s new dcVue™ platform allows customers to continue using the high-quality data that Duos’ teams deliver and to audit asset data within their existing IT infrastructure and asset management systems. dcVue™ quickly and seamlessly provides accurate, cataloged results for data center asset inventory and audits.

With this initial release, users will be able to navigate through easy-to-use input forms and search capabilities. A powerful library template module insures the consistency of data collected and a significant reduction of process time. The audit feature ensures the consistency and accuracy of the data contained in the customer’s system of record. Moves, Adds and Changes (MAC) are recorded and reported in real time. The last step before submitting the data to the system of record is the finalization process. This provides the dcVue™ user with the ability to accept only those transactions that are deemed relevant.

The new system, which is currently undergoing beta testing at a large data center, will continue to be used by Duos’ professional services team to identify value-added functionality in the future.

About Duos Technologies Group, Inc.

Duos Technologies Group, Inc. (OTCQB:DUOT), based in Jacksonville, Florida, through its wholly owned subsidiary, Duos Technologies, Inc., provides advanced intelligent security and analytical technology solutions with a strong portfolio of intellectual property. The Company’s core competencies include intelligent technologies that combine machine learning, artificial intelligence and advanced video analytics that are delivered through its proprietary integrated enterprise command and control centraco® platform. The Company provides its broad range of technology solutions with an emphasis on mission critical security, inspection and operations within the rail transportation, retail, petrochemical, government, and banking sectors. Duos Technologies also offers an asset management system in conjunction with professional and consulting services for large data centers. For more information, visit www.duostech.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “anticipates,” “plans,” or similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause Duos Technologies Group, Inc.’s actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Duos’ Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Duos’ filings with the SEC.

Contacts: Duos Technologies

Corporate
Tracie Hutchins
Duos Technology Group, Inc.
904-652-1601
tlh@duostech.com 

Investor Relations
Matt Glover or Tom Colton
Liolios
949-574-3860
DUOT@liolios.com

Released June 20, 2018