Duos Technologies Group, Inc. (DUOT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Welcome to Duos Technologies' first quarter 2025 earnings conference call. Joining us for today's call are Duos' CEO, Chuck Ferry, and CFO, Adrian Goldsvarg. Following their remarks, we will open the call for your questions. Then, before we conclude today's call, I'll provide the necessary cautions regarding the forward-looking statements made by management during this call. I'd like to turn the call over to Duo's CEO, Chuck Perry. Please go ahead, Chuck. Welcome, everyone, and thank you for joining us. Earlier today, we used our earnings press release in our 10-2 for the first quarter of 2025. Copies are available in the investor relations section of our website. I encourage all listeners to view the press releases and our 10-2 filing to better understand some of the details we'll be discussing during today's call. Since the last training call in March, only six weeks ago, we've made significant progress, particularly in our power and edge data center lines of business. Let's first talk about our power line of business. Through our asset management agreement with APR Energy, we have now successfully contracted 570 megawatts with the APR Energy Gap Turbine Fleet, which is an increase of 180 megawatts since our last report six weeks ago. I expect the contract to close on an additional 160 megawatts in the coming two weeks. Altogether, this means we will have approximately 730 megawatts of gas turbines contracted in just five months for entering into our asset management agreement with APRNG and Fortress Investment Group. These assets will be deployed across multiple projects in the United States and Mexico in the coming three months. With our edge data center business called USAGI, We have previously reported contracting our first edge data center in A...