Duos Technologies Signs Five-Year, 55 MW Hosting Agreements with Axe Compute Valued at Over $500 Million

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Record agreements represent a significant commercial milestone in Duos' strategy to develop and operate high-density AI infrastructure JACKSONVILLE, Fla., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (Nasdaq: DUOT), a leading provider of adaptive, modular, and scalable Edge Data Center ("EDC") solutions, today announced that two of its project entities have executed five-year hosting service orders with Axe Compute Inc. ("Axe Compute") (Nasdaq: AGPU), a neocloud AI infrastructure platform delivering dedicated enterprise GPU compute capacity at global scale. The agreements cover an aggregate of 55 megawatts ("MW") of total AI facility capacity across multiple U.S. data center sites. The agreements are valued at over $500 million, representing aggregate contractual base payments over their initial five-year terms, including annual escalators and excluding electricity and other usage-based charges. Billing under each agreement is subject to successful completion, ready-for-service testing, and Axe Compute's written acceptance of the applicable deployment. Initial project readiness is targeted to begin in late 2026 and continue into early 2027, subject to construction, commissioning, performance testing, and Axe Compute's written acceptance. "These executed agreements represent an important advancement of our AI infrastructure strategy and demonstrate our ability to translate development opportunities into long-term commercial relationships," said Doug Recker, Chief Executive Officer of Duos. "Axe Compute brings a clear vision for deploying high-performance AI capacity at scale. We believe the combination of Axe Compute's platform and Duos' infrastructure development and operating capabilities create a strong foundation for these projects and potential future expansion." The agreements reserve an aggregate of 55 MW of total facility capacity for Axe Compute and include renewal options and rights supporting potential future expansion. "It is a significant milestone in the growth of Axe Compute's AI infrastructure platform," said Chris Miglino, Chief Executive Officer of Axe Compute. "We align with partners that can deliver on efficient timeframes at the highest quality for our customers. These projects are being designed around the density, cooling, and availability requirements of next-generation GPU systems. We lo...

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