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DUOT
Duos Technologies Group, Inc.

Common Stock

7.12

-0.505

-6.62%

Delayed (15 Min) Trade Data: 12:00am 07/11/2025

Duos Technologies Group, Inc.

7660 Centurion Parkway

Suite 100

Jacksonville, FL 32256

Business Description
The Company focuses on the design, development and turnkey delivery of proprietary intelligent technologies that enable our customers to derive measurable increases in return on investment for their business. Our technologies integrate with our customers existing business process and create actionable information to streamline mission critical operations. Our target market is the largest transportation, industrial and retail corporations representing over $10 billion in total available market. Our technologies have been verified by multiple government and private organizations including Johns Hopkins University Applied Physics Laboratory (JHU/APL), the Department of Homeland Security (DHS), and ...
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Financial Reporting
Reporting Status
U.S. Reporting: SEC Reporting
Audited Financials
Audited
Latest Report
CIK
0001396536
Fiscal Year End
12/31
Company Officers & Contacts
Gianni B. Arcaini
CEO, COO, President

Mr. Arcaini, has been the Chairman of the Board, Chief Executive Officer and President since April 1, 2015, and held the same positions with our subsidiary, Duos Technologies, Inc. since 2002. Prior to his involvement with Environmental Capital Holdings, Inc., a predecessor of the Company, Mr. Arcaini spent over 10 years in various executive capacities with Robex International, a joint venture of Royal Volker Stevin, Royal Bijenkorf and the Westland Utrecht Bank, ultimately acquiring the Robex International in a management buyout after having expanded its operations into the United States.Mr. Arcaini completed his early education at a Jesuit Boarding school in Austria and Germany, and graduated from a state business school in Frankfurt, Germany. He is fluent in German, Dutch, Italian, Spanish and English. The Board believes Mr. Arcaini has significant experience in the Company’s industry, a deep knowledge of our business and customers and contributes a perspective based on his many years of involvement with our company which will be of great value to the Company as it grows. Mr. Arcaini is also the visionary leader of the Company and is personally involved in creating the initial design of our technologies prior to implementation by our research and development teams.

Adrian G. Goldfarb
CFO, EVP

Mr. Goldfarb has served as a Director since April 2010. Effective July 1, 2012, he was appointed as President and Chief Financial Officer of Information Systems Associates, Inc., which merged with Duos Technologies, Inc in April 2015 upon which he agreed to continue serving the merged company, Duos Technologies Group, Inc., as Chief Financial Officer and Director. Mr. Goldfarb also currently serves as a non-Executive Chairman of Gelstat Corporation, a public company engaged in the development, manufacturing and marketing of homeopathic and natural supplements. Mr. Goldfarb is a 35-year technology industry veteran including more than 30 years in information technology. Mr. Goldfarb graduated cum laude with a business degree specializing in Finance from Rutgers University, Newark, NJ. The Board believes Mr. Goldfarb's significant experience in financial stewardship of small public companies will be of great value to the Company as it grows.

Connie Weeks
Chief Accounting Officer

Ms. Weeks has worked for Duos and its predecessor companies for over 30 years. She has provided accounting oversight for the Company's operations since inception and is a key member of the executive management team. Following the Company's reverse merger in 2015, Ms. Weeks assumed the position of Vice-President of Finance and interfaced extensively with the Company's auditors. In April of 2016, Ms. Weeks was promoted to Chief Accounting Officer.

Board of Directors
Gianni B. Arcaini
Chairman, CEO, COO, President

Mr. Arcaini, has been the Chairman of the Board, Chief Executive Officer and President since April 1, 2015, and held the same positions with our subsidiary, Duos Technologies, Inc. since 2002. Prior to his involvement with Environmental Capital Holdings, Inc., a predecessor of the Company, Mr. Arcaini spent over 10 years in various executive capacities with Robex International, a joint venture of Royal Volker Stevin, Royal Bijenkorf and the Westland Utrecht Bank, ultimately acquiring the Robex International in a management buyout after having expanded its operations into the United States.Mr. Arcaini completed his early education at a Jesuit Boarding school in Austria and Germany, and graduated from a state business school in Frankfurt, Germany. He is fluent in German, Dutch, Italian, Spanish and English. The Board believes Mr. Arcaini has significant experience in the Company’s industry, a deep knowledge of our business and customers and contributes a perspective based on his many years of involvement with our company which will be of great value to the Company as it grows. Mr. Arcaini is also the visionary leader of the Company and is personally involved in creating the initial design of our technologies prior to implementation by our research and development teams.

Kenneth Ehrman
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Mr. Ehrman currently works as an industry expert focusing on real-world applications of IoT and advances in technologies for industry, serving as an independent consultant to leading Fortune-100 companies. He advises companies focused on technology solutions predominantly in the logistics and transportation industries and serves as a mentor to executives in technology startups by utilizing the experience he gained while taking a Silicon Valley startup from inception through initial public offering. He also consults with companies to facilitate acquisitions including one of the largest purchases of an IoT company by a Fortune 100 buyer in 2018.Mr. Ehrman served on the Board of Financial Services, Inc. from 2012 - 2016 before it was successfully sold to a large financial software company. Mr. Ehrman has also been awarded more than 20 patents including asset tracking, cargo and impact sensing and connected car technology.

Blair Madison Fonda
Independent Director, Audit Committee Member

Mr. Fonda was appointed as a Director on May 3, 2017 and serves as Chairman of the Audit Committee and a member of the Compensation Committee. Since 2013, Mr. Blair Fonda has served as the Chief Financial Officer of Emergent Financial Partners (“EFP”). EFP is an accounting and consulting services firm which offers financial consulting services to businesses and organizations throughout the United States and the Caribbean Islands. From 2013 to 2016, Mr. Fonda was contracted through EFP to serve as the outside Chief Financial Officer of Mountainstar Capital Engagement, a private equity and commercial real estate company. From 2007 to 2013, Mr. Fonda served as the Vice President and Controller of the Hospitality Division of Gate Petroleum, an owner and operator of convenience stores, resorts, construction and real estate operations throughout the United States. Mr. Fonda has previously served as Controller for Enterprise Rent-a-Car. Mr. Fonda is a Certified Public Accountant (CPA). The Board believes that Mr. Fonda’s education and background qualify him as a financial expert. He has extensive and directly applicable accounting experience qualifying him to serve as Chairman of the Audit Committee.

Adrian G. Goldfarb

Mr. Goldfarb has served as a Director since April 2010. Effective July 1, 2012, he was appointed as President and Chief Financial Officer of Information Systems Associates, Inc., which merged with Duos Technologies, Inc in April 2015 upon which he agreed to continue serving the merged company, Duos Technologies Group, Inc., as Chief Financial Officer and Director. Mr. Goldfarb also currently serves as a non-Executive Chairman of Gelstat Corporation, a public company engaged in the development, manufacturing and marketing of homeopathic and natural supplements. Mr. Goldfarb is a 35-year technology industry veteran including more than 30 years in information technology. Mr. Goldfarb graduated cum laude with a business degree specializing in Finance from Rutgers University, Newark, NJ. The Board believes Mr. Goldfarb's significant experience in financial stewardship of small public companies will be of great value to the Company as it grows.

Ned Mavrommatis
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Mr. Mavrommatis has more than 20 years of experience in accounting, corporate finance, mergers and acquisitions, and investor relations. As a key member of the executive team, he is responsible for managing and improving processes in financial planning, accounting, treasury, tax, investor relations along with managing general administration including human resources. Mr. Mavrommatis is the Managing Director of I.D. Systems GmbH and I.D. Systems (UK) Ltd. Prior to joining I.D. Systems, Mr. Mavrommatis was Senior Manager at the accounting firm of EisnerAmper L.L.P. Mr. Mavrommatis received a Master of Business Administration in finance from New York University's Leonard Stern School of Business and a Bachelor of Business Administration in accounting from Bernard M. Baruch College, The City University of New York. Mr. Mavrommatis is also a Certified Public Accountant.

Other Company Insiders

Not available

Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Salberg & Company, P.A.

2295 NW Corporate Blvd.

Suite 240

Boca Raton, FL 33431-7328

Investor Relations/Marketing/Communications
Gateway Investor Relations

4685 MacArthur Court, Suite 400

Newport Beach, CA 92660

Securities Counsel
Lucosky Brookman LLP

101 Wood Avenue South

Woodbridge, NJ 08830

Profile Data
SIC - Industry Classification
7372 - Prepackaged software
Incorporation Information
FL, US, 1994
Employees
78 as of 09/30/2019
Shell
No
Products and Services

Not available

Company Facilities

Not available

Company Notes
Formerly=Information Systems Associates, Inc. until 7-2015
Nasdaq
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
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