Duos Technologies Announces Strategic Partnership With Class 1 Railroad For Subscription-Based Railcar Inspection System; Amtrak Engages Duos To Build Two High-Speed Systems
Portfolio Pulse from Benzinga Newsdesk
Duos Technologies has announced a strategic partnership with a Class 1 railroad for a subscription-based railcar inspection system. Additionally, Amtrak has engaged Duos to build two high-speed systems capable of mechanical analysis at speeds up to 125 MPH, delivering safety data within 60 seconds. The first part of these systems has already been shipped.
June 20, 2024 | 12:04 pm
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Duos Technologies has secured a strategic partnership with a Class 1 railroad and Amtrak for its high-speed railcar inspection systems. This development is likely to boost DUOT's market position and revenue.
The strategic partnership with a Class 1 railroad and the engagement with Amtrak for high-speed systems are significant milestones for Duos Technologies. These partnerships are likely to enhance DUOT's market presence and drive revenue growth, positively impacting the stock price in the short term.
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