Duos Technologies receives $50.4M from New APR asset sale, $9.9M escrow

DUOS TECHNOLOGIES GROUP, INC.

Net proceeds of approximately $50.4 million from sale of substantially all assets of New APR Energy.
Additional $9.9 million placed in escrow for indemnity obligations; remaining funds distributed after 12 months.
Company owned 5% non-voting ownership interest in Sawgrass APR Holdings, parent of New APR Energy.

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