Duos Technologies Receives $50.4 Million from APR Energy Asset Sale
Summary
Duos Technologies announced that it received about $50.4 million from the sale of assets tied to New APR Energy. The company also expects roughly $9.9 million to remain in escrow for up to 12 months to cover potential indemnity obligations. Duos said the cash strengthens its balance sheet and supports its focus on core technology and Edge AI initiatives. The update highlights Duos' continued push to scale its edge data center and infrastructure platforms for AI and enterprise computing.
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