Duos Technologies targets $460M cloud deal with modular data center pivot. October 22, 2026 Key points. * Duos Technologies has pivoted to modular colocation data centers, targeting 1-MW to 20-MW facilities built near existing "stranded power" sources rather than competing for large hyperscale projects. * The company signed a 20-MW, 10-year agreement with a publicly traded cloud provider in the Carolinas, which management values at approximately $460 million and expects to bring online by April 2027. * Duos expects more than $50 million in revenue and positive EBITDA in 2026, followed by over $160 million in revenue in 2027, but plans to pursue additional debt financing to fund its growth and project development. * Want to know the moment analysts change their view on Duos Technologies Group? Get MarketBeat All Access for $149 a year and keep that rate for life. Duos Technologies Group NASDAQ: DUOT said it has repositioned itself as a pure-play colocation data-center provider after selling its rail inspection portal business in July, with management outlining a strategy focused on smaller, rapidly deployable facilities supported by existing power infrastructure. Chief Executive Officer Doug Recker said the company is targeting data-center deployments in the 1-megawatt to 20-megawatt range, rather than competing for large hyperscale projects requiring 100 MW or more. The strategy centers on identifying "stranded power" at sites such as former industrial facilities or underused cryptocurrency mining locations, where electrical infrastructure is already in place. "We actually have the power," Recker said, contrasting Duos' approach with projects that depend on future utility upgrades. He said the company can deploy facilities in under six months by using modular infrastructure and sourcing equipment that is closer to off-the-shelf availability than equipment used in larger data-center developments. Focus on modular colocation deployments. Recker said Duos operates as a landlord and colocation provider, rather than owning the graphics processing units installed by customers. The company charges roughly $180 per kilowatt for its colocation services, while passing through power costs without markup, according to management. The company's customer contracts generally run for five to 10 years, Recker said. He added that Duos recently deployed a 4.7-MW cluster with Axe Compute for a Tier 1 hyperscaler customer in fewer than 75 days. Supermicro delivered equipment for that installation, he said. Duos previously purchased $144 million in GPUs to demonstrate that its modular facilities could be deployed quickly, Recker said. Those GPUs have since been sold to Axe Compute and its Tier 1 hyperscaler customer, leaving Duos focused solely on colocation services. Management said its Columbus site is currently billing at 7 MW and is being expanded to 10 MW. Duos also has a 55-MW agreement with Axe Compute spanning two sites, including 35-MW and 20-MW locations, with projects planned in Ohio, the Carolinas and Oregon. New 20-MW customer agreement. Recker announced that Duos had signed a new 20-MW agreement in the Carolinas with what he described as a mature, publicly traded cloud provider. He said the project is expected to enter service by the end of April 2027. Discover more Host Servers Get Cloud Storage Read Company News Chief Financial Officer Chris DeAlmeida said the agreement is a 10-year committed contract and characterized it as worth approximately $460 million over its full term. Recker said the company sees potential for additional deployments ranging from 5 MW to 20 MW with the same customer. The company has secured more than 100 MW of land and power capacity across the country, management said, largely in 5-MW to 20-MW increments that it believes can be delivered within 60 to 90 days. Economics and financing plans. DeAlmeida said Duos estimates build costs of slightly less than $6 million per MW, or about $6.5 million per MW including land. The company expects annual revenue of about $2.2 million per MW and annual EBITDA of approximately $1 million per MW. During a question-and-answer session, however, management clarified that payback periods vary by project size. Recker said smaller 4-MW projects can have payback periods of less than three years, while larger projects may take less than five years. DeAlmeida said Duos expects revenue of more than $50 million and positive EBITDA for 2026. For 2027, management expects revenue of more than $160 million as signed projects become operational. The company ended the prior quarter with $112 million of cash, according to DeAlmeida, though some of that capital was deployed into projects during the third quarter. He said Duos expects to require additional capital and is primarily pursuing debt financing, potentially through project-level and corporate financing arrangements. Management said the company currently has no debt on its balance sheet. DeAlmeida said asset-backed financing could support roughly 50% to 60% of project value, while the credit quality of the end customer and the terms of the underlying contract will also be important factors for lenders. About Duos Technologies Group (NASDAQ:DUOT). Duos Technologies Group, Inc develops technology that combines artificial intelligence, machine learning, computer vision and data analytics to automate the inspection and monitoring of rail and other transportation infrastructure. The company serves commercial and government customers seeking to improve safety, security and operational efficiency through automated systems. Its core offerings include the Railcar Inspection Portal, an automated, wayside inspection system designed to capture high-resolution images and other data as trains pass through a portal. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Duos Technologies Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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Duos secures cloud provider as customer for 20MW of data center capacity. Contract worth $700 million, capacity due live next year October 21, 2026 Edge data center firm Duos has secured a cloud provider as a customer. Nasdaq-listed Duos Technologies Group this week announced the signing of a new ten-year colocation agreement for 20MW of facility load with an unnamed "mature publicly traded cloud services provider" in the US. The agreement represents more than $400 million of total contract value over the initial term and is expected to be deployed in Q2 2027 within Duos' "expanding portfolio of Edge AI campuses." Duos also said it is in "active negotiations" on approximately 100MW of additional powered, data center-zoned land to expand its Duos Edge AI platform. The company said it is also currently under contract and in active negotiations to secure approximately 100W of additional powered and data center-zoned land across multiple sites in the United States. Approximately 25MW of that is currently under contract across multiple sites in the US, and the company is in active negotiations on an additional 7MW. All site agreements could be finalized by year-end. Duos CEO Doug Recker said the deal and expansion represented "another significant step in executing our long-term growth strategy. He said: "These developments reflect the increasing demand we are seeing from customers seeking scalable, power-dense infrastructure that can be deployed quickly and efficiently. Our modular architecture, contract-first approach, and ability to identify attractive expansion opportunities continue to differentiate Duos in the marketplace. As AI, cloud, content delivery, and enterprise computing requirements grow, we believe we are well positioned to quickly expand our customer base and increase contracted revenue." Florida-based Duos, which previously developed rail-focused technology offerings, pivoted into data centers in 2024. The company has also installed several Edge pods in rural locations across Texas, as well as sites in Illinois and Florida. Its pods total 15 racks and 300kW per container, and Duos Edge says that they can be deployed in as little as 90 days. The firm is also targeting a higher-density container offering 1-2.5MW. The most recent presentation from the company said it aimed to have some 65 pods and 20MW of capacity deployed by the end of 2026, and 250 pods totaling 60MW of capacity by 2028. The firm has previously secured an unnamed "investment-grade hyperscaler" as a customer for 10MW of capacity, and neocloud NiStar for 2MW in Columbus, Georgia. Axe Compute recently acquired an AI infrastructure cluster in Columbus from Duos, alongside the latter's firm's GPU-as-a-service entity, as part of Duos' pivot to focus purely on colocation. Duos is separately set to provide Axe with multi-location capacity across the US totaling 55MW. As a result of the sale, Duos said it was now directing its capital exclusively to developing and operating 10-30MW modular colocation sites across the US. Duos adds bricks and mortar to container offering. The Columbus site is described as a "bricks and mortar" facility located at 8 Corporate Ridge Parkway and able to offer up to 20MW. Previously operated by JMF Solutions as its DLI One facility (and by financial technology firm TSYS before that), Duos acquired the site in June. Duos said over the summer that it would host more than 2,300 Nvidia B300 GPUs that would be operated by Hydra Host for a third-party client. It's unclear if Hydra Host is still involved after the Axe Compute acquisition. The TSYS data center was built in 1997, with the company reportedly exiting the site after it merged with Global Payments in 2019. More in colocation & wholesale.

Duos Technologies to participate in the 20th Annual LD Micro Main Event. JACKSONVILLE, Fla., Oct. 16, 2026 (GLOBE NEWSWIRE) - Duos Technologies Group, Inc. ("Duos" or the "Company") (Nasdaq: DUOT), a provider of adaptive, modular architecture data center colocation and infrastructure solutions, today announced that it will participate in the 20th Annual LD Micro Main Event being held from October 19-21, 2026 at the Luxe Sunset Blvd Hotel in Los Angeles, CA. Duos management will host a presentation on Tuesday, October 20 at 1:00 p.m. Pacific Time. The presentation will be webcast and available for replay here. Management will also be available for one-on-one and small-group meetings with institutional investors throughout the day. Those interested in scheduling a meeting with management should contact their LD Micro representative or the investor relations contact listed below. About Duos Technologies Group, Inc. Duos Technologies Group, Inc. (Nasdaq: DUOT), headquartered in Jacksonville, Florida, provides and manages modular architecture colocation data centers and infrastructure solutions. Through its Duos Edge AI brand, the Company delivers high-performance computing infrastructure built on its proprietary, scalable Duos Modular Architecture, designed to support the high-power environments required for AI and enterprise computing. Separately, Duos Technology Solutions provides manufacturer-agnostic sourcing and fulfillment services that enable efficient deployment of data centers and IT environments. Together, these platforms position the Company to address growing demand for distributed digital infrastructure in underserved Tier 3 and Tier 4 markets. For more information, visit www.duostech.com and www.duosedge.ai. Contacts Investor Relations Tom Colton and Greg Bradbury Gateway Group, Inc. +1 949-574-3860 | [email protected] Media Contact iMiller Public Relations +1.914.315.6424 [email protected]