Duos Technologies Signs $42M Asset Management Agreement with Fortress for 850MW of Power Generation Assets
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Duos Technologies has signed a $42 million asset management agreement with Fortress Investment Group to deploy and operate mobile gas turbines for 850MW of power generation assets.
November 20, 2024 | 1:30 pm
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Duos Technologies has entered into a significant $42 million agreement with Fortress Investment Group to manage and operate mobile gas turbines for power generation.
The $42 million agreement with Fortress Investment Group is a substantial contract for Duos Technologies, indicating potential revenue growth and operational expansion. This partnership enhances Duos' market position in the energy sector, likely leading to a positive short-term impact on its stock price.
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