Originally posted on Data Center POST
Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its subsidiary Duos Edge AI, Inc. (“Duos Edge AI”), has announced a significant milestone in the production of its innovative Edge Data Center (EDC) solutions. With secured funding totaling $2.2 million from two institutional investors, Duos Edge AI is poised to commence the construction, deployment, and initial operations of its first three EDCs.
The secured promissory notes, which mature at the end of 2025 and carry an annual interest rate of 10%, will facilitate the production of EDCs tailored to meet the dynamic needs of various environments, including remote districts serving schools, government agencies, and health facilities. The first EDC is anticipated to be fully operational by late October, with the subsequent units expected to follow in November.
For more information about Duos Edge AI and its cutting-edge solutions, visit www.duosedge.ai.
To learn more about Duos Technologies Group, visit www.duostechnologies.com.
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