Duos Technologies Appoints Rail Industry Veteran Matt Keepman as Senior VP of Sales and Marketing to Accelerate Growth – Yahoo Finance
JACKSONVILLE, FL / ACCESSWIRE / October 6, 2022 / Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT) through its operating subsidiary Duos Technologies, Inc., a provider of machine vision and artificial intelligence that analyzes fast moving trains and trucks, today announced the appointment of Matt Keepman as its Senior Vice President of Sales and Marketing. In this newly created role Keepman will report directly to CEO Chuck Ferry and will be responsible for leading the Company's commercial strategy with a focus on driving top line growth.
Keepman brings two decades of experience in managing strategic accounts within the North American rail industry. Most recently he was a Key Account Executive for Wabtec Corporation where he led the commercial strategy for the Canadian Pacific Railway across all of Wabtec's business segments.
Keepman will be tasked with advancing Duos Technologies' go-to-market strategy as it expands its offerings to private railcar owners, lessors, and shippers via inspection data subscription plans. He will also assist the executive leadership team in communicating the broader commercial strategy to internal and external stakeholders while further building out the infrastructure for both the sales and marketing teams.
"Matt's addition has been a long time coming. We look forward to his contributions to our targeted commercial growth efforts that lie ahead," said Ferry. "Our team has spent the last two-plus years laser-focused on increasing the quality and reliability of our solutions with that directive now largely completed. As part of the next phase of our plan, we are actively exploring additional revenue streams that call for broader market penetration to a considerably larger list of prospective customers. We expect that Matt and his team will be essential in serving our existing customer base as well as pursuing new lines of business that will support our goals for sustained, consistent revenue growth."
"Duos has entered a key phase of its strategic growth plan that warrants a more targeted sales presence, and I'm energized to be leading those efforts," added Keepman. "I've had a front row seat over the past 20 years as railroads and railcar owners have become more receptive to emerging technologies. Now is the time for Duos' AI inspection solutions to capitalize on that shift. Chuck and the team have built considerable momentum around the Railcar Inspection Portals. I look forward to advancing our efforts to improve both safety and efficiency in our industry."
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (NASDAQ:DUOT), based in Jacksonville, Florida, through its wholly owned subsidiary, Duos Technologies, Inc., designs, develops, deploys and operates intelligent vision based technology solutions supporting rail, logistics, intermodal and Government customers that streamline operations, improve safety and reduce costs. The Company provides cutting edge solutions that automate the mechanical and security inspection of fast-moving trains, trucks and automobiles through a broad range of proprietary hardware, software, information technology and artificial intelligence. For more information, visit www.duostech.com
Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding, among other things, information regarding the anticipated dates for the earnings call and release of financial results prior to the earnings call. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
CONTACT:
Corporate
Fei Kwong, Director, Corporate Communications
Duos Technologies Group, Inc. (NASDAQ:DUOT)
904-652-1625
fk@duostech.com
Investor Relations
Matt Glover or Tom Colton
Gateway Investor Relations
949-574-3860
DUOT@gatewayIR.com
SOURCE: Duos Technologies Group, Inc.
View source version on accesswire.com:
https://www.accesswire.com/718660/Duos-Technologies-Appoints-Rail-Industry-Veteran-Matt-Keepman-as-Senior-VP-of-Sales-and-Marketing-to-Accelerate-Growth
Related Quotes
The ongoing macroeconomic challenges continue to impact SmileDirectClub's (SDC) core demographic and business spending.
AMN Healthcare Services (AMN) closed the most recent trading day at $111.66, moving +0.1% from the previous trading session.
The message is simple. Be greedy when others are fearful.
Levi Strauss, AMD and Tilray are among the top trending stocks in after hours trading on Thursday, October 6, 2022.
The chip maker warned that revenue for the third quarter would be lower than expected. CEO Lisa Su said that the PC market has "weakened significantly."
Investors are facing a storm of headwinds right now – a genuine bear market, stubbornly high inflation, rising interest rates, and increased fears of a recession in the near-term. However, Mary Callahan Erdoes, CEO of JPMorgan's Asset & Wealth Management division, advises investors to stay invested. "It's actually the easiest time in the world to find alpha — there is alpha everywhere… It's everywhere, because we are in such a state of change… While all the world is focused on all the black
(Bloomberg) — Technology stocks are facing more pain after chipmaker Advanced Micro Devices Inc. revived fears about the upcoming earnings season after warning that third-quarter sales were softer than expected.Most Read from BloombergMusk's Twitter Takeover Hits Snag Over Debt-Financing IssueKremlin Lets State Media Tell Some Truths About Putin’s Stalling WarNord Stream Leaks Caused by Detonations in Sign of SabotageBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Trump Says US A
(Bloomberg) — Cathie Wood’s latest dip-buying binge appears to be largely focused on smaller stocks, cementing her firm’s already hefty shareholdings in such companies.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Secretive Chip Startup May Help Huawei Circumvent US SanctionsMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialNord Stream Leaks Caused by Detonations in Sign of SabotageMass Shooting in Thailand Leaves 38 Dead, Most
Two of the major cruise line operators on the scene, Carnival (NYSE: CCL)(NYSE: CUK) and Royal Caribbean (NYSE: RCL), had very different voyages on the stock market Thursday. Carnival didn't quite barrel into an iceberg, but investors nevertheless bailed, sinking its main class of shares by over 6%. On the other hand, Royal Caribbean enjoyed a pleasant sailing, gaining more than 1% on the day.
“If you buy at the (inflation) peak, you do pretty darn well over the next 12 months,” says investment strategist Jim Paulsen.
Most stocks slumped heading into the close aside from the cannabis sector, which surged on news of President Biden pardoning all prior federal offenses for simple marijuana possession.
Elon Musk bought himself some time on Thursday, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company by Oct. 28. Musk said earlier this week he would buy Twitter for $54.20 per share, the price that was agreed in April, but included a condition that the closing of the deal be contingent on debt financing for the transaction coming through. Musk has pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covers the $44 billion price tag and closing costs.
POUGHKEEPSIE, N.Y. (Reuters) -President Joe Biden on Thursday championed his administration's push to subsidize U.S. semiconductor chip manufacturing and boost blue-collar jobs at a visit to an IBM Corp facility in New York. IBM plans to invest $20 billion in New York's Hudson Valley region, once a manufacturing powerhouse, over the next decade to make and develop semiconductors, mainframe technology, artificial intelligence and quantum computing. "Where is it written that we can’t lead manufacturing in the world?” Biden said.
The major indexes reversed from short-term levels Thursday with the September jobs report on tap. Twitter fell as Elon Musk made new demands. AMD warned late.
These two stocks are among the riskiest in the Berkshire Hathaway portfolio, but they could be huge winners.
It works out to $93K per person.
(Bloomberg) — Shares of Chinese electric-vehicle makers plunged in Hong Kong on Friday amid growing concerns about the sector’s growth outlook.Most Read from BloombergMusk's Twitter Takeover Hits Snag Over Debt-Financing IssueKremlin Lets State Media Tell Some Truths About Putin’s Stalling WarNord Stream Leaks Caused by Detonations in Sign of SabotageBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Trump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Li
Smart investors know that when a solid company is out of favor with Wall Street and its stock has been beaten down, it’s usually just a matter of time before the stock rebounds and the shares begin to sell in more of their usual range. When REITs are out of favor, their usual 4% or 5% dividend yield can soar to above-average percentages. It takes courage to buy them at these times, but the rewards can be substantial if appreciation occurs, along with the huge dividend yields locked in for the lo
Shares of Agenus (NASDAQ: AGEN), a clinical-stage biopharmaceutical company that specializes in immuno-oncology, saw its shares jump 18.4% on Thursday. First, the company on Wednesday said it planned to present data on botensilimab, a therapy that is being studied for its effectiveness as a combination drug or a monotherapy to active T-cell immune responses in patients who have pancreatic cancer, colorectal cancer, or melanoma, a type of skin cancer. Another move that helped push up the stock was the announcement of inside buying of Agenus stock by some members of the company's board of directors on Wednesday, including Susan Hirsch, Wadih Jordan, Ulf Wiinberg, and Timothy Wright, totaling more than 30,000 Agenus shares.
Oppenheimer analyst Timothy Horan upgraded Verizon stock to Outperform from Perform, citing its cheap valuation and attractive 6.6% dividend yield.