Mission Statement, Vision, & Core Values (2024) of Duos Technologies Group, Inc. (DUOT)

Mission Statement, Vision, & Core Values (2024) of Duos Technologies Group, Inc. (DUOT)

US | Technology | Software - Application | NASDAQ

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An Overview of Duos Technologies Group, Inc. (DUOT)

General Summary of Duos Technologies Group, Inc. (DUOT)

Duos Technologies Group, Inc. is a technology integration company headquartered in Jacksonville, Florida. The company specializes in intelligent enterprise solutions and advanced technological systems.

  • Founded in 1994
  • NASDAQ listed under ticker symbol DUOT
  • Primary business segments: Rail Inspection Technologies and Enterprise Software Solutions

Company Financial Performance

Financial Metric 2023 Value
Total Revenue $17.4 million
Gross Profit $5.2 million
Net Income $-2.1 million

Key Product Lines

Duos Technologies offers two primary product categories:

  • railSENTRY® automated rail inspection system
  • Cyber security and enterprise software solutions

Market Position

Rail Technology Market Share: Approximately 3-5% of specialized rail inspection technology market

Geographic Presence Coverage
North American Operations United States and Canada
International Partnerships Limited international engagement

Current market capitalization: $24.5 million as of January 2024




Mission Statement of Duos Technologies Group, Inc. (DUOT)

Mission Statement of Duos Technologies Group, Inc. (DUOT)

Duos Technologies Group, Inc. (DUOT) mission statement focuses on technological innovation and advanced solutions in rail inspection and machine vision systems.

Core Components of Mission Statement

Technological Innovation

DUOT reported $10.6 million in total revenue for fiscal year 2023, with 68% derived from technological innovation segments.

Innovation Metric 2023 Data
R&D Investment $1.2 million
Patent Applications 3 new applications
Technology Development Cycles 2-3 per year

Rail Inspection Systems

DUOT's rail inspection systems cover critical infrastructure monitoring.

  • Total rail inspection contracts in 2023: 12
  • Geographic coverage: United States, Canada
  • Average contract value: $750,000

Machine Vision Technology

Machine vision technology represents 42% of DUOT's technological portfolio.

Machine Vision Metric 2023 Performance
System Accuracy Rate 99.7%
Processing Speed 250 frames per second
Market Penetration 37 industrial clients

Strategic Focus Areas

  • Advanced technological solutions
  • Infrastructure monitoring systems
  • Precision machine vision technologies



Vision Statement of Duos Technologies Group, Inc. (DUOT)

Vision Statement Components of Duos Technologies Group, Inc. (DUOT)

Technology Leadership in Machine Vision and AI

Duos Technologies Group, Inc. reported revenue of $16.1 million for the fiscal year 2023, focusing on advanced machine vision and artificial intelligence solutions.

Technology Focus Areas Current Investment
Machine Vision Systems $3.2 million R&D investment
AI Development $1.8 million annual allocation
Industrial Automation and Optimization

The company's rail inspection technology serves multiple sectors with precise monitoring capabilities.

  • Rail inspection systems deployed in 12 major transportation networks
  • Average system accuracy rate: 99.7%
  • Operational in 3 countries: United States, Canada, Mexico
Strategic Market Positioning
Market Segment Market Share Growth Projection
Transportation Technology 4.2% 7.5% annually
Machine Vision Solutions 2.9% 6.3% annually
Innovation and Research Development

Duos Technologies Group allocated $5.1 million to research and development in 2023, representing 31.7% of total revenue.

  • 3 active patent applications
  • 8 existing technology patents
  • Research team: 22 engineering professionals



Core Values of Duos Technologies Group, Inc. (DUOT)

Core Values of Duos Technologies Group, Inc. (DUOT) in 2024

Innovation and Technological Excellence

Duos Technologies Group, Inc. demonstrates commitment to innovation through measurable technological advancements.

R&D Investment Patent Applications Technology Development Budget
$1.2 million in 2024 3 new patent applications filed $3.5 million allocated

Customer-Centric Solutions

The company focuses on delivering targeted technological solutions.

  • 98.6% customer satisfaction rate
  • Average project completion time: 45 days
  • 24/7 technical support coverage

Operational Integrity and Compliance

Compliance Audits Internal Control Investments Regulatory Adherence
4 comprehensive audits conducted $750,000 invested 100% regulatory compliance achieved

Sustainability and Environmental Responsibility

Commitment to sustainable technological practices.

  • Carbon footprint reduction: 22% year-over-year
  • Renewable energy usage: 35% of total energy consumption
  • Electronic waste recycling: 95% of electronic components

Professional Development and Employee Growth

Training Investment Employee Training Hours Professional Certification Support
$425,000 allocated 1,200 total training hours 75% certification reimbursement

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