Duos Applied sciences Group, Inc. (NASDAQ:DUOT) This fall 2024 Earnings Convention Name March 31, 2025 4:30 PM ET
Firm Contributors
Chuck Ferry – Chief Government OfficerAdrian Goldfarb – Chief Monetary Officer
Convention Name Contributors
Ed Woo – Ascendiant Capital MarketsVijay Devar – Northland Capital Markets
Operator
Good afternoon. Welcome to Duos Applied sciences’ Fourth Quarter and Full 12 months 2024 Earnings Convention Name. Becoming a member of us for immediately’s name are Duos’ CEO, Chuck Ferry, and CFO, Adrian Goldfarb. Following their remarks, we’ll open the decision in your questions. Then, earlier than we conclude immediately’s name, I will present the mandatory cautions relating to the forward-looking statements made by administration throughout this name.
Now, I might 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 immediately, 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 immediately’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 crew has been very busy working to execute our technique of diversification in Rail Expertise, Edge Knowledge Facilities and Energy and issues are going very effectively proper now. Within the final three months now we have closed the Asset Administration settlement with new APR Vitality and Fortress Funding Group the place we anticipate to earn roughly $42 million over the subsequent two years.
Below the Asset Administration Settlement, now we have assumed management of an current contract with a utility firm in Southern California using 90 megawatts of fuel generators. We have additionally deployed an extra 300 megawatts of fuel
