Duos closes asset management deal with Fortress; estimated $42M revenue over two years

DUOS TECHNOLOGIES GROUP, INC.

Duos Energy will deploy/operate 30 mobile gas turbines (850 MW capacity) acquired by Fortress-affiliated buyer.
Duos received $5M advance payment and 5% equity interest in parent of buyer; deal closed Dec 31, 2024.
Appointed Christopher King as COO effective Jan 1, 2025; he previously served as COO of Duos subsidiary.
Charles Ferry (CEO) named Executive Chairman of buyer's parent; King will also serve as COO of buyer.
Deal estimated at $42M revenue over two years; assets immediately deployable for data centers and energy markets.

item 1.01 item 5.02 item 9.01

Executive movements

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Appointed

Christopher King

Chief Operating Officer

DUOT · DUOS TECHNOLOGIES GROUP, INC.

Effective: 2025-01-01
Filed: January 6, 2025, 6:59 PM ET

Effective January 1, 2025, the Company appointed Christopher King as Chief Operating Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher King was appointed as Chief Operating Officer at DUOS TECHNOLOGIES GROUP, INC..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

Effective January 1, 2025, the Company appointed Christopher King as Chief Operating Officer.

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DUOS TECHNOLOGIES GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001079973-25-000038

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