JACKSONVILLE, Fla., June 02, 2026 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), a provider of modular, colocation Edge and AI data centers and technology infrastructure solutions, today announced the receipt of proceeds from the sale of substantially all the assets of New APR Energy, LLC ("New APR").

As previously disclosed, Duos owns a 5% non-voting ownership interest in Sawgrass APR Holdings, LLC, the ultimate parent company of New APR. On May 26, 2026, substantially all of the assets of New APR were sold to a third party. As a result of the transaction, Duos received approximately $50.4 million related to its ownership interest.

An additional amount of approximately $9.9 million was retained in escrow in connection with the Company's pro rata portion of any indemnity and other similar obligations that may be owed to the purchaser under the asset purchase agreement. Any such funds remaining in escrow after 12 months will be distributed to the Company.

"This transaction strengthens Duos' financial position and further supports the Company's strategic focus on core technology and Edge AI initiatives," said Duos CEO Doug Recker. "We believe ...