Duos Technologies Group Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed, on February 16, 2026 Duos Technologies Group, Inc. (the “Company”) entered into a letter of intent with Hydra Host, Inc. (“Hydra”) in connection with a GPU-as-a-Service contract in which Duos Edge AI, Inc., a subsidiary of the Company (“Duos Edge”), would be the data center and asset owner for a 2304 GPU B800 cluster rental contract, and Hydra would be the operator. On March 13, 2026, Duos Edge and Hydra executed a definitive contract to deploy a high-density NVIDIA GPU cluster for a leading global technology company. The contract is expected to generate approximately $176 million in revenue over a 36-month term, an initial $18 million customer pre-payment, projected gross margins exceeding 80% and expected annual EBITDA of approximately $40 million. The Company and Duos Edge have entered into a commercial partnership with Hydra to deliver GPU hosting and GPU-as-a-Service solutions at scale. The partnership is fully funded through the Company's recently completed $65 million public offering and hardware financing arrangements already in place, ensuring deployment can commence immediately without reliance on additional equity financing.
The Company issued a press release on March 13, 2026 relating to the signing of the definitive contract. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K includes information that may constitute forward-looking statements. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. Forward-looking statements include, without limitation, statements relating to projected industry growth rates, the Company’s current growth rates and the Company’s present and future cash flow position. A variety of factors could cause actual events and results, as well as the Company’s expectations, to differ materially from those expressed in or contemplated by the forward-looking statements. Risk factors affecting the Company are discussed in detail in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities laws.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description of Exhibit | |
| 99.1 | Press Release dated March 13, 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: March 17, 2026 | By: | /s/ Leah F. Brown |
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Leah F. Brown Chief Financial Officer | ||