Duos Technologies Group has announced the receipt of approximately $50.4 million in proceeds from the sale of substantially all the assets of New APR Energy.
The transaction, which closed on May 26, 2026, was executed by Sawgrass APR Holdings, LLC, the ultimate parent company of New APR, in which Duos holds a 5% non-voting ownership interest. An additional approximately $9.9 million was retained in escrow related to Duos’ pro rata portion of any indemnity and other similar obligations that may be owed to the purchaser under the asset purchase agreement, with any remaining funds to be distributed to Duos after 12 months.
The proceeds represent a significant capital infusion for the Jacksonville, Florida-based company, which has been focused on scaling its modular Edge AI data center platform and technology infrastructure solutions. Duos said the transaction strengthens its financial position and supports its strategic focus on core technology and Edge AI initiatives, providing capital to deploy in meaningful ways to create value for customers and shareholders.
Duos Technologies operates through its wholly owned subsidiaries Duos Edge AI, Inc. and Duos Technology Solutions, Inc., delivering high-function computing infrastructure at the edge designed to support AI and enterprise computing workloads. The company also provides manufacturer-agnostic sourcing and fulfillment services to support efficient deployment of data centers and IT environments, serving Tier 3 and Tier 4 markets while scaling its edge data center platforms for the growing demand for distributed digital infrastructure.
KEY QUOTE:
“This transaction strengthens Duos’ financial position and further supports the Company’s strategic focus on core technology and Edge AI initiatives. We believe this is an important milestone as we continue the momentum we have built and look to deploy capital in meaningful ways to increase the value for our customers and shareholders.”
Doug Recker, Chief Executive Officer, Duos Technologies Group
