Form 8-K
8-K — DUOS TECHNOLOGIES GROUP, INC.
Accession: 0001553350-26-000118
Filed: 2026-08-17
Period: 2026-08-17
CIK: 0001396536
SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
——————
FORM 8-K
——————
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 17, 2026
——————
Duos Technologies Group, Inc.
(Exact name of registrant as specified in its
charter)
——————
Florida
001-39227
65-0493217
(State or Other Jurisdiction
(Commission
(I.R.S. Employer
of Incorporation)
File Number)
Identification No.)
6651
Gate Parkway, 4th Floor, Jacksonville, Florida 32256
(Address of Principal Executive Offices) (Zip
Code)
(904) 296-2807
(Registrant’s telephone number, including
area code)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock (par value $0.001 per share)
DUOT
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On August 17, 2026, Duos Technologies Group, Inc. (the “Company”)
issued a press release announcing that two of its project entities have executed five-year hosting service orders with Axe Compute Inc.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information
in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed
“filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as
expressly set forth by specific reference in such filing.
Forward-Looking Statements
This Current Report on Form 8-K includes
forward-looking statements. Forward-looking statements relate to future events and typically address the Company's expected future business
and financial performance. The forward-looking statements in this Current Report on Form 8-K relate to, among other things,
information regarding anticipated timing for the installation, development and delivery dates of our systems; anticipated entry into
additional contracts; anticipated effects of macro-economic factors (including effects relating to supply chain disruptions and
inflation); timing with respect to revenue recognition; trends in the rate at which our costs increase relative to increases in our
revenue; anticipated reductions in costs due to changes in the Company's organizational structure; potential increases in revenue,
including increases in recurring revenue; potential changes in gross margin (including the timing thereof); statements regarding our
backlog and potential revenues deriving therefrom; and statements about future profitability and potential growth of the Company.
Words such as "believe," "expect," "anticipate," "should," "plan," "aim,"
"will," "may," "should," "could," "intend," "estimate," "project,"
"forecast," "target," "potential" and other words and terms of similar meaning, typically identify such
forward-looking statements. Forward-looking statements involve risks and uncertainties and there are important factors that could
cause actual results to differ materially from those expressed or implied by these forward-looking statements. These factors
include, but are not limited to, the Company's ability to generate sufficient cash to expand operations, the competitive environment
generally and in the Company's specific market areas, changes in technology, the availability of and the terms of financing, changes
in costs and availability of goods and services, economic conditions in general and in the Company's specific market areas, changes
in federal, state and/or local government laws and regulations potentially affecting the use of the Company's technology, changes in
operating strategy or development plans and the ability to attract and retain qualified personnel. The Company cautions that the
foregoing list of risks, uncertainties and factors is not exclusive. Additional information concerning these and other risk factors
is contained in the Company's most recently filed Annual Reports on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent
Current Reports on Form 8-K, and other filings filed by the Company with the U.S. Securities and Exchange Commission (the
"SEC"), which are available at the SEC's website, http://www.sec.gov. The Company believes its plans, intentions and
expectations reflected in or suggested by these forward-looking statements are based on reasonable assumptions. No assurance,
however, can be given that the Company will achieve or realize these plans, intentions or expectations. Indeed, it is likely that
some of the Company's assumptions may prove to be incorrect. The Company's actual results and financial position may vary from those
projected or implied in the forward-looking statements and the variances may be material. Each forward-looking statement speaks only
as of the date of the particular statement. 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 forward-looking statement is based, except as required by law.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description of Exhibit
99.1
Press Release, dated August 17,
2026
104
Cover Page Interactive Data File
(formatted as Inline XBRL and contained in Exhibit 101)
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
DUOS TECHNOLOGIES GROUP, INC.
Dated: August 17, 2026
By:
/s/ Adrian Goldfarb
Adrian Goldfarb
Interim Chief Financial Officer
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: ex99x1.htm · Sequence: 2
Exhibit 99.1
Duos
Technologies Signs Five-Year, 55 MW Hosting Agreements with Axe Compute Valued at Over $500 Million
Record
agreements represent a significant commercial milestone in Duos’ strategy to develop and operate high-density AI infrastructure
JACKSONVILLE, Fla., Aug. 17, 2026 (GLOBE
NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), a leading provider
of adaptive, modular, and scalable Edge Data Center (“EDC”) solutions, today announced that two of its project entities have
executed five-year hosting service orders with Axe Compute Inc. (“Axe Compute”) (Nasdaq: AGPU), a neocloud AI infrastructure
platform delivering dedicated enterprise GPU compute capacity at global scale. The agreements cover an aggregate of 55 megawatts (“MW”)
of total AI facility capacity across multiple U.S. data center sites.
The agreements are valued at over $500 million,
representing aggregate contractual base payments over their initial five-year terms, including annual escalators and excluding electricity
and other usage-based charges. Billing under each agreement is subject to successful completion, ready-for-service testing, and Axe Compute’s
written acceptance of the applicable deployment.
Initial project readiness is targeted to begin
in late 2026 and continue into early 2027, subject to construction, commissioning, performance testing, and Axe Compute’s written
acceptance.
“These executed agreements represent
an important advancement of our AI infrastructure strategy and demonstrate our ability to translate development opportunities into long-term
commercial relationships,” said Doug Recker, Chief Executive Officer of Duos. “Axe Compute brings a clear vision for deploying
high-performance AI capacity at scale. We believe the combination of Axe Compute’s platform and Duos’ infrastructure development
and operating capabilities create a strong foundation for these projects and potential future expansion.”
The agreements reserve an aggregate of 55
MW of total facility capacity for Axe Compute and include renewal options and rights supporting potential future expansion.
"It is a significant milestone in the
growth of Axe Compute's AI infrastructure platform," said Chris Miglino, Chief Executive Officer of Axe Compute. "We align with
partners that can deliver on efficient timeframes at the highest quality for our customers. These projects are being designed around the
density, cooling, and availability requirements of next-generation GPU systems. We look forward to working with Duos to bring this capacity
online and support the growing compute requirements of our customers."
In connection with the hosting agreements,
Duos and Axe Compute have also executed nonbinding term sheets contemplating potential minority investments by Axe Compute in the special-purpose
entities associated with the projects, with Duos expected to maintain majority ownership of those entities. Any such investments remain
subject to definitive documentation, satisfaction of closing conditions, and the respective approval processes of both companies. Neither
company is obligated to complete the contemplated investments unless and until definitive agreements are executed.
The companies are not disclosing the project
locations at this time.
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, is focused on providing and managing modular data center
colocation facilities and infrastructure solutions. Through its wholly owned subsidiaries Duos Edge AI, Inc. and Duos Technology Solutions,
Inc., the Company delivers high function computing infrastructure at the “Edge” designed to support high power computing facilities
suitable for AI and Enterprise Computing.
Duos is strategically focused on scaling its
edge data center platforms in conjunction with its data center infrastructure solutions business. It provides manufacturer-agnostic sourcing
and fulfillment services to support efficient deployment of data centers and IT environments. For more information, visit www.duostech.com and www.duosedge.ai.
About Axe Compute
Axe Compute Inc. (Nasdaq: AGPU) is a neocloud
AI infrastructure platform built on a fundamental premise: AI innovation should not be constrained by hardware choice or availability.
The company provides enterprises and AI innovators with dedicated compute through two core offerings: Axe Compute Access, delivering a
wide range of the latest high-performance GPU infrastructure across global locations, and Axe Compute Build, through which Axe Compute
co-engineers, deploys, owns, and operates large-scale, dedicated AI infrastructure worldwide. All solutions are supported by enterprise-grade
SLAs and operational expertise. Axe Compute is headquartered in Pittsburgh, Pennsylvania. For more information, visit axecompute.com.
Forward-Looking Statements
This news release includes forward-looking statements regarding the Company's business prospects that involve substantial risks and uncertainties
that could cause actual results to differ materially. The forward-looking statements in this release relate to, among other things, the
anticipated development, construction, commissioning and operation of the data center projects; expected ready-for-service timing; the
deployment of AI and high-performance computing infrastructure; potential hosting revenue and the timing of its recognition; the ability
of Duos, the project entities and AXE to perform under the hosting service orders; potential expansion capacity; and the negotiation and
completion of definitive agreements relating to contemplated project-level investments.
Words such as "believe," "expect,"
"anticipate," "plan," "aim," "will," "may," "could," "intend," "estimate,"
"project," "forecast," "target," "potential" and other words and terms of similar meaning typically
identify forward-looking statements. Forward-looking statements involve risks and uncertainties, and important factors could cause actual
results to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, construction
and commissioning delays; equipment and supply-chain availability; permitting, utility and site-control matters; the availability and
terms of financing; changes in customer demand; the ability to satisfy contractual acceptance criteria; changes in costs and availability
of goods and services; economic conditions; changes in technology; the negotiation of definitive investment documentation; and other risks
described in the Company's most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports
on Form 8-K and other filings with the U.S. Securities and Exchange Commission.
The Company believes its plans, intentions
and expectations reflected in or suggested by these forward-looking statements are based on reasonable assumptions. No assurance can be
given that the Company will achieve or realize these plans, intentions or expectations. Each forward-looking statement speaks only as
of the date of this release. The Company does not undertake or accept any obligation to publicly update or revise any forward-looking
statement, except as required by law.
Contacts
Media
iMiller Public Relations
+1 914-315-6424 | duosedge@imillerpr.com
Investor Relations
Tom Colton and Greg Bradbury
Gateway Group, Inc.
+1 949-574-3860 | DUOT@duostech.com
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