Business
Duos Technologies Group Adds to Extensive Catalogue with Release of New AI Detection Models for Rail Customers
JACKSONVILLE, FL / ACCESSWIRE / November 9, 2022 / Duos Technologies Group, Inc. ("Duos" or the "Company") (Nasdaq:DUOT) through its operating subsidiary Duos
About this update from Duos Technologies Group, Inc.
[{"type":"text","content":"JACKSONVILLE, FL / ACCESSWIRE / November 9, 2022 / Duos Technologies Group, Inc. (\"Duos\" or the \"Company\") (Nasdaq:DUOT) through its operating subsidiary Duos Technologies, Inc., a provider of machine vision and artificial intelligence that analyzes fast moving trains and trucks, today announced the release of five (5) new artificial intelligence (AI) detection models for use with the Company's Railcar Inspection Portal (\"rip®\" or \"RIP\") solution. The new offerings represent the latest additions to the Company's growing catalog of deployment-ready AI detection models, each of which is designed to target and identify specific defects and/or anomalies on railcars as they pass through the RIP at track speed.Most of Duos' AI detection models are focused on identifying railcar defects relating to inspection points that are required by the Federal Rail Administration (\"FRA\") and other regulatory agencies. These latest additions, for which several of the Company's Class 1 Railroad customers have expressed a need, are also intended to address FRA inspection requirements. Specifically, Duos' new AI detection models monitor brake beam bent, ladder stile condition, retainer valve handle position, side handhold condition, and ladder tread condition. In addition to undergoing lab testing and the Company's stringent quality assurance processes, all five (5) models have been successfully performing in customer-owned environments for several weeks.\"The growth of our AI and broader technology teams has been instrumental in securing additional customers and bolstering the opportunities within our existing relationships as well,\" said Duos Chief Executive Officer Chuck Ferry. \"At the end of the day, we are an artificial intelligence company, and the use cases of the AI solutions will only increase in quality and quantity as we continue to expand. Our detection models are core to extracting the most value from our RIPs for our customers, and these expanded applications will be useful in both our traditional business as well as our new efforts towards subscription offerings for a broader market opportunity. We're looking forward to seeing the efficiency and performance of these algorithms, as well as the others that are in development, continue to improve as they are exposed to datasets in the field.\"\"The release of this latest set of...