Duos Technologies Group, Inc. appointed Christopher J. DeAlmeida as Chief Financial Officer effective August 24, 2026, succeeding Adrian Goldfarb who returns to a Strategic Advisor role. Mr. DeAlmeida receives an annual base salary of $350,000, a bonus potential of up to 80% of base, corporate housing for 90 days, and $12,000 in relocation assistance. He was granted 200,000 restricted shares vesting on September 1, 2029. The company operates in the technology infrastructure sector, providing modular edge data center solutions and colocation facilities.

Duos Technologies Group reported Q2 2026 revenue of $6.18 million, up 30% year-over-year, driven by a pivot to AI infrastructure and the divestiture of its legacy rail business. The company achieved net income of $47.8 million, largely due to a $53.2 million gain on the sale of its stake in New APR Energy. Duos secured over $100 million in growth capital, including a $55 million registered direct offering and proceeds from asset sales. Strategically, it signed five-year hosting agreements with Axe Compute valued at over $500 million for 55 MW of capacity and closed the sale of its rail subsidiary. The company reaffirmed its 2026 guidance for over $50 million in revenue and 25 MW deployed. Duos Technologies Group operates in the data center infrastructure industry, providing modular edge computing solutions.

Duos Technologies Group, Inc. appointed Dipan Patel as its new Chief Operating Officer effective August 14, 2026. Mr. Patel brings extensive experience in digital infrastructure and telecommunications, having previously served at Telstra InfraCo, SBA Communications Corporation, and Cox Communications. His compensation package includes an annual base salary of $375,000, a performance bonus potential of up to 80% of the base salary, and a grant of 200,000 restricted shares vesting on July 1, 2029. The company operates in the digital infrastructure sector, focusing on data centers, fiber networks, power, and edge computing solutions.

Duos Technologies Group, Inc. announced that two of its project entities executed five-year hosting service orders with Axe Compute Inc. for an aggregate of 55 megawatts of AI facility capacity across multiple U.S. sites. The agreements are valued at over $500 million in contractual base payments over their initial terms, including annual escalators but excluding usage-based charges like electricity. Billing is contingent upon successful completion and acceptance of the deployments, with initial project readiness targeted for late 2026 into early 2027. Additionally, nonbinding term sheets contemplate potential minority investments by Axe Compute in the associated special-purpose entities, subject to definitive documentation. Duos Technologies Group, Inc. operates in the data center infrastructure industry, providing modular edge data center colocation facilities and solutions for high-density AI computing.

Duos Technologies Group completed the divestiture of its wholly-owned subsidiary Duos Technologies, Inc., its legacy rail technology business, to Sandbank Acosta, LLC on August 5, 2026. The transaction is a related-party sale, with Sandbank Acosta owned equally by Interim CFO Adrian Goldfarb and private investor Javier G. Acosta. As part of the deal, Duos contributed $3.5 million in cash to DTI and received a $5,435,403 promissory note bearing 5% simple interest, payable on August 5, 2031. This sale marks the company's complete exit from the rail technology industry, allowing it to focus exclusively on edge data center infrastructure and colocation services. The results of DTI will be reported as discontinued operations beginning with the quarter ended June 30, 2026.

Duos Technologies Group, Inc. purchased a building and land in Columbus, Georgia, for $15 million in cash and a Seller Contingent Earnout Note. The Note has a three-year term and a maximum payout of $15 million based on following three power-delivery milestones. Milestone payments can be made in common stock at a fixed price of $10.50 per share starting December 14, 2026. Duos Technologies Group, Inc. provides technology solutions for the rail and transportation industry.