New head office under review for Duos Technologies | Jax Daily Record | Jacksonville Daily Record


Jacksonville-based Duos Technologies Inc., which designs technologies for transportation operations, appears to be working on the construction of a new headquarters in Deerwood Park South.

The city is considering an application for a permit for Duos Technologies to construct space on the first and second floors of the former SuperStock building in Deerwood Park South at a cost of $ 973,229.

Emerald C’s Development Inc. is featured as the contractor for the 38,748 square foot space modification project for Duos Technologies at 7660 Centurion Parkway.

Duos Technologies is now based at 6622 Southpoint Drive S., Suite 310, in Fortune Plaza.

Campbell + Van Dusen Design Studio in Orlando is the architect of the new space.

Duos Technologies spokesperson Fei Kwong said by email on August 6 that the company had no comment.

The 7660 Centurion Parkway structure, built in 1993, comprises approximately 73,000 square feet of space. The duets will take more than half of it.

The rest of the building is used by Johnson & Johnson Vision, which operates its campus nearby.

Brennan Investment Group, based near Chicago, owns the 7660 Centurion Parkway building. Don Hamilton of Foundry Commercial manages it.

Foundry manager and Jacksonville manager Brad Chrischilles said by email on Aug. 5 that he is representing Brennan Investment.

“We are very happy that Duos Tech is moving into building 7660 as a new head office,” said Chrischilles.

He said Duos Technologies would release the 40,000 square foot space over two floors on the first and second floors.

Oracle Corp. previously rented the space before moving to Gramercy Woods in 2018.

The rest of the building is used by Johnson & Johnson Vision, which operates its campus nearby.

Duos Technologies is modifying 38,748 square feet of space at 7660 Centurion Parkway, the former SuperStock building.

The structure was built for the image company SuperStock in 1993 and expanded in 1998. The site covers approximately 4.9 acres.

Brennan Investment Group LLC bought it in August 2017 for nearly $ 6.26 million. It had been sold twice before.

Duos Technologies Group Inc. is listed as DUOT on the Nasdaq.

He tells that through his wholly owned subsidiary, Duos Technologies Inc., he designs, develops, deploys and operates smart technology solutions that support rail, logistics, intermodal and government customers that streamline operations. operations, improve safety and reduce costs.

A presentation to investors in June shows that it has 50 employees.

The company claims to provide cutting-edge solutions that automate the mechanical and safety inspection of high-speed trains, trucks and automobiles using a range of proprietary hardware, software, information technology and artificial intelligence.

Its annual filing with the Securities and Exchange Commission indicates that Information Systems Associates Inc. was incorporated in Florida on May 31, 1994.

The initial business operations consisted of consulting services for the management of large enterprise data center assets and the development and licensing of IT asset management software.

The record indicates that at the end of 2014, ISA entered merger negotiations with Duos Technologies Inc., which calls itself duostech.

He stated that duostech, incorporated in Florida on November 30, 1990, specializes in the design, development and deployment of technology applications and engineering systems for industries.

On April 1, 2015, duostech became a wholly owned subsidiary of ISA.

ISA then changed its corporate name to Duos Technologies Group Inc. and oversees its wholly owned subsidiary, duostech, a technology integrator, a software applications and artificial intelligence company with an intellectual property portfolio.

State records show that the company has long rented space in Fortune Plaza.

Gianni Arcaini retired as CEO in September 2020, replaced by Chuck Ferry, former CEO of Jacksonville-based APR Energy.

Adrian Goldfarb is Chief Financial Officer and Connie Weeks is Chief Accounting Officer.

Duos Technologies Group Inc. raised its profile in February 2020, when its common shares were approved for listing on the Nasdaq Capital Market.

Second quarter results for the period ended June 30 will be released on August 12.

For the first quarter ended March 31, Duos reported that its revenue increased 117% to $ 2.15 million.

It reported a net loss of $ 406,023, compared to a net loss of $ 2.15 million the previous year, mainly due to the increase in total income as well as an increase in other income during the period. related to the cancellation of the PPP loan from CARES Act. .

The company said on May 13 that it expects total revenue of $ 18 million for the fiscal year ending Dec. 31, based on backlogs and short backlogs. term. It reported revenue of $ 8 million in fiscal 2020 with a net loss of $ 6.7 million

Management said it expects its operations to reach profitability for 2021 with improved cash liquidity by the end of the year.

“Although uncertainties persist in the macroeconomic climate, management believes that 2021 will provide a much stronger financial performance for revenues and achieve profitability in the second half of the year,” he said.


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