ISA Duos Technologies Awarded Follow-Up Contract for Rail Undercarriage Program
Contract Award for DHS Funded Rail Undercarriage Screening System
JACKSONVILLE, FL / ACCESSWIRE / June 22, 2015 / Information Systems Associates Inc. (OTCQB: IOSA) and its wholly-owned subsidiary Duos Technologies Inc. (“Duos”), a provider of intelligent security analytical technology solutions, have been awarded a contract to complete the next phase of a Rail Undercarriage Screening System research grant funded by the Department of Homeland Security (DHS) Science and Technology Directorate (S&T). This contract represents the next step of a multi-phased approach that attempts to advance the state of the Company’s technology currently used for freight railcar undercarriage screening to Mass Transportation Rail Systems and is expected to expand the capabilities of Duos” Vehicle Undercarriage Examiner (vue(TM)) system.
“This contract award marks a significant milestone in the development of the vue(TM) system,” stated Felix Krupczynski, EVP & GM for ISA Duos Technologies. “With the successful completion of the first phase of the contract, we will now demonstrate the enhanced capabilities targeted for use by Mass Transportation Rail Systems.”
The vue(TM) system is part of Duos Technologies’ Rail Inspection Portal technology, the Company’s latest innovation that combines several of its intelligent technologies and sub-systems that utilize the Company’s proprietary analytical algorithms to process and evaluate a broad range of data from multiple sensor technologies for increased security, inspection and operational effectiveness.
About Information Systems Associates Inc./Duos Technologies Inc.
Information Systems Associates Inc. (OTC Markets: IOSA), based in Jacksonville, FL, provides intelligent security analytical technology solutions with a strong portfolio of intellectual property, primarily through its wholly-owned subsidiary Duos Technologies, Inc. Duos Technologies’ core competencies include advanced intelligent technologies that are delivered through its proprietary integrated enterprise command and control platform, centraco(TM). The Company provides its broad range of technology solutions with an emphasis on mission critical security, inspection and operations within the rail, utilities, petrochemical, healthcare, and hospitality sectors. ISA also offers IT, professional services and consulting services for information technology projects.
For more information, check out: http://www.duostechnologies.com
Forward-Looking Statements
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, our ability to successfully progress the award beyond the second phase, the successful application of our vue system to the mass transportation rail systems, the success of our efforts to develop our proprietary technology solutions to meet changing needs, the market acceptance of our technology solutions, our ability to tap into the relevant potential markets, the sufficiency and availability of working capital and general changes in economic conditions. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2014. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to revise or update any forward-looking statement for any reason.
Contacts:
Corporate
Jean Martin
904-652-1601
jmm@duostech.com
Investors Relations
Hayden IR
917-658-7878
hart@haydenir.com
SOURCE: Information Systems Associates Inc.
ReleaseID: 430010