Doug Recker will take over as chief executive officer of Jacksonville-based Duos Technologies Group on April 1, 2026, as the company lines up a sizable bet on GPU hosting. The leadership change landed the same day Duos announced a non-binding letter of intent with GPU-hosting firm Hydra Host that the company says could bring roughly $176 million in revenue over a 36-month period. Founder and current CEO Chuck Ferry will remain on Duos’ board as the company leans further into edge AI infrastructure and power services.
Duos said the LOI covers a high-density NVIDIA GPU cluster deployment for a global technology customer and is modeled to generate roughly $176 million in revenue over 36 months, with projected gross margins above 80% and more than $40 million in annual EBITDA. The company also flagged an expected $25 million in incremental colocation revenue over the contract term and a separate non-binding ground-lease LOI in Iowa for up to 10MW of utility power. In a press release via Duos Technologies, the company said the deals remain subject to financing and definitive documentation.
Recker first joined Duos in mid-2024 to run the company’s Duos Edge AI unit and lead deployments of modular edge data centers, according to a Form 8-K filing with the U.S. Securities and Exchange Commission. He was promoted to president in September 2025 and will now step into the CEO role while Ferry shifts to a board seat, as reported by the Jacksonville Daily Record.
The leadership move follows Duos’ pivot in 2024 into energy services as well as edge computing. Duos closed an asset-management agreement tied to a fleet of mobile gas turbines that the company and partners estimated would produce roughly $42 million in revenue over two years, a deal APR Energy and Duos said would help deliver fast, behind-the-meter power for data centers. APR Energy noted the arrangement accelerates Duos’ ability to commercialize immediate-need power assets.
What This Means For Duos And The Market
Investors reacted quickly to the combination of the LOI and the leadership change, and not in the way Duos might have hoped: the company’s shares slid roughly 14% on the Nasdaq after the announcement, according to market reporting. That drop reflects investor skepticism about the timing and financing risk for large GPU-hosting rollouts even as the market for dedicated AI capacity heats up. RTTNews captured early trading action following the release.
In the company release via Duos Technologies, Recker said, "With secured power, rapid deployment capabilities, and expanding strategic partnerships, we believe Duos is well positioned to pursue high-value infrastructure opportunities," while stressing the LOI’s contingencies. The coming months will show whether Duos can lock financing, finalize site agreements and deliver guaranteed power at scale as it seeks to expand distributed capacity.
