September date set for Redwire merger | Jax Day by day Report | Jacksonville Daily Record

Genesis Park Acquisition Corp. established Sept. 1 as the date for its shareholders conference to vote on its merger with Jacksonville-based place technologies organization Redwire.

Houston-primarily based Genesis Park is a particular purpose acquisition company that agreed in March to merge with Redwire.

The merger, which must be accomplished shortly right after the shareholders meeting, will make Redwire Corp. a public business.

Immediately after reporting to start with-quarter earnings of $36 million, Genesis Park reported in a information release last 7 days it is self-assured Redwire will meet up with its projection of $163 million in income for all of 2021.

It explained Redwire has $280 million in buy backlog and $220 million in bids submitted that are awaiting a selection.

Duos Technologies impacted by COVID-19 delays

Although moving forward with strategies for a new Jacksonville headquarters, Duos Systems Group Inc.’s enterprise has been impacted by COVID-19 pandemic-associated delays.

Duos, which provides technologies largely for railroads, has found organization slow not only because of deal delays with shoppers but also the international pc chip scarcity, which affects its techniques.

“We are encountering delays in acquiring vital factors for our rail car inspection portals, such as superior cameras and superior-pace servers, which are significant to our inspection portals,” CEO Chuck Ferry claimed in Duos’ quarterly convention contact final week, according to a enterprise transcript.

“In response, we are taking specified steps to mitigate some of these concerns this kind of as obtaining extended guide moments in advance of official recognize to

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