New Platform Enables Automation and Mobile Verification of Large Data Center IT Assets
JACKSONVILLE, Fla., June 20, 2018 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (OTCQB:DUOT),
a provider of intelligent security analytical technology solutions, has launched its new dcVue™ software platform
for data collection and auditing of IT assets with a focus on large data centers. The system will be commercially available by June
30, 2018 and is expected to be generally available by early September 2018. dcVue™ is based on one of the
Company’s patents outlining a methodology for collecting asset data populating large data centers.
Gianni Arcaini, the Company’s Chief Executive Officer, stated: “The release of this newest technology represents
another building block in Duos’ growing inventory of intellectual property. We have earned a reputation for delivering innovative
and proprietary solutions to our customers that improve their business operations across a variety of functions. This new platform
further builds on that legacy and supports our potential for future growth into adjacent and new industries.”
Joseph Coschera, Senior VP of Duos’ Information Technology Asset Management (ITAM) division, added: “We believe
the dcVue™ platform represents a significant step forward for the entire ITAM industry. While in use, an
Android-based mobile touch computer will provide a platform for the exchange of data between both dcVue™ and a
best-in-class data center as well as other IT asset management solutions. In creating this software platform, one of our primary
objectives was to provide advanced methods of auditing IT assets. For example, our system features a ‘quick scan’ process that
verifies the presence of rack mounted assets in as little as two seconds per device providing a significant improvement in cost and
efficiency over traditional methods.”
Duos’ ITAM division has a long history of delivering professional services to some of the largest data centers
in the world. The Company’s new dcVue™ platform allows customers to continue using the high-quality data
that Duos’ teams deliver and to audit asset data within their existing IT infrastructure and asset management systems.
dcVue™ quickly and seamlessly provides accurate, cataloged results for data center asset inventory and audits.
With this initial release, users will be able to navigate through easy-to-use input forms and search
capabilities. A powerful library template module insures the consistency of data collected and a significant reduction of process
time. The audit feature ensures the consistency and accuracy of the data contained in the customer’s system of record. Moves, Adds
and Changes (MAC) are recorded and reported in real time. The last step before submitting the data to the system of record is the
finalization process. This provides the dcVue™ user with the ability to accept only those transactions that are
deemed relevant.
The new system, which is currently undergoing beta testing at a large data center, will continue to be used by
Duos’ professional services team to identify value-added functionality in the future.
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (OTCQB:DUOT), based in Jacksonville, Florida, through its wholly owned subsidiary,
Duos Technologies, Inc., provides advanced intelligent security and analytical technology solutions with a strong portfolio of
intellectual property. The Company’s core competencies include intelligent technologies that combine machine learning, artificial
intelligence and advanced video analytics that are delivered through its proprietary integrated enterprise command and control
centraco® platform. The Company provides its broad range of technology solutions with an emphasis on mission critical security,
inspection and operations within the rail transportation, retail, petrochemical, government, and banking sectors. Duos Technologies
also offers an asset management system in conjunction with professional and consulting services for large data centers. For more
information, visit www.duostech.com.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,”
“anticipates,” “plans,” or similar expressions are intended to identify forward-looking statements. Such statements are subject to
certain risks and uncertainties, which could cause Duos Technologies Group, Inc.’s actual results to differ materially from those
anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in
Item 1A in Duos’ Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may
periodically be described in Duos’ filings with the SEC.
Contacts: Duos Technologies
Corporate
Tracie Hutchins
Duos Technology Group, Inc.
904-652-1601
tlh@duostech.com
Investor Relations
Matt Glover or Tom Colton
Liolios
949-574-3860
DUOT@liolios.com
