Duos Utilized sciences Group, Inc. (NASDAQ:DUOT) This fall 2024 Earnings Conference Title March 31, 2025 4:30 PM ET
Agency People
Chuck Ferry – Chief Authorities Officer
Adrian Goldfarb – Chief Financial Officer
Conference Title People
Ed Woo – Ascendiant Capital Markets
Vijay Devar – Northland Capital Markets
Operator
Good afternoon. Welcome to Duos Utilized sciences’ Fourth Quarter and Full Yr 2024 Earnings Conference Title. Changing into a member of us for as we communicate’s title are Duos’ CEO, Chuck Ferry, and CFO, Adrian Goldfarb. Following their remarks, we’re going to open the choice in your questions. Then, sooner than we conclude as we communicate’s title, I’m going to current the obligatory cautions in regards to the forward-looking statements made by administration all through this title.
Now, I want to present the choice over to Duo’s CEO, Chuck Ferry. Sir, please proceed.
Chuck Ferry
Thanks. Welcome, all people, and thanks for changing into a member of us.
Earlier as we communicate, we issued our earnings press launch and our 10-Okay for 2024. Copies will be discovered throughout the Investor Relations a part of our web page. I encourage all listeners to view press releases and our 10-Okay submitting to raised understand just a few of the particulars we’ll be discussing all through as we communicate’s title.
We’ve obtained beforehand talked about our method to diversify our enterprise and velocity up the timeline of profitability. Since our remaining earnings title, our workforce has been very busy working to execute our strategy of diversification in Rail Know-how, Edge Data Services and Vitality and points are going very properly correct now. Inside the remaining three months we now have closed the Asset Administration settlement with new APR Energy and Fortress Funding Group the place we anticipate to earn roughly $42 million over the next two years.
Under the Asset Administration Settlement, we now have assumed administration of an current contract with a utility agency in Southern California utilizing 90 megawatts of gasoline turbines. We have now moreover deployed an additional 300 megawatts of gasoline
