Duos Technologies Group, Inc. announced a new five-year agreement with CN (Canadian National Railway) on October 8, 2024. This strategic deal enables Duos to offer Machine Vision/AI Wayside Detection Safety Data through a subscription service.
CN has utilized Duos's Machine Vision/AI Wayside Detection technology along its network in Canada and the U.S. for over five years. The agreement allows Duos to provide data subscriptions to railcar owners and shippers.
This partnership is significant as it transitions Duos's core rail business towards a high-margin subscription model. This is expected to create a more predictable and recurring revenue stream for the company.
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