Duos Applied sciences Group, Inc. (NASDAQ:DUOT) This fall 2024 Earnings Convention Name March 31, 2025 4:30 PM ET
Firm Individuals
Chuck Ferry – Chief Government Officer
Adrian Goldfarb – Chief Monetary Officer
Convention Name Individuals
Ed Woo – Ascendiant Capital Markets
Vijay Devar – Northland Capital Markets
Operator
Good afternoon. Welcome to Duos Applied sciences’ Fourth Quarter and Full Yr 2024 Earnings Convention Name. Becoming a member of us for as we speak’s name are Duos’ CEO, Chuck Ferry, and CFO, Adrian Goldfarb. Following their remarks, we are going to open the decision in your questions. Then, earlier than we conclude as we speak’s name, I am going to present the mandatory cautions concerning the forward-looking statements made by administration throughout this name.
Now, I would like to show the decision over to Duo’s CEO, Chuck Ferry. Sir, please proceed.
Chuck Ferry
Thanks. Welcome, everybody, and thanks for becoming a member of us.
Earlier as we speak, we issued our earnings press launch and our 10-Ok for 2024. Copies can be found within the Investor Relations part of our web site. I encourage all listeners to view press releases and our 10-Ok submitting to raised perceive a few of the particulars we’ll be discussing throughout as we speak’s name.
We’ve got beforehand mentioned our technique to diversify our enterprise and speed up the timeline of profitability. Since our final earnings name, our workforce has been very busy working to execute our technique of diversification in Rail Know-how, Edge Information Facilities and Energy and issues are going very nicely proper now. Within the final three months we now have closed the Asset Administration settlement with new APR Power and Fortress Funding Group the place we anticipate to earn roughly $42 million over the subsequent two years.
Below the Asset Administration Settlement, we now have assumed management of an present contract with a utility firm in Southern California using 90 megawatts of gasoline generators. We have additionally deployed a further 300 megawatts of gasoline
