Guardforce AI Expands Applications of Robotics Solutions

Rhea-AI Summary

Guardforce AI (NASDAQ:GFAI, GFAIW) has initiated the rollout of enhanced features for its Intelligent Cloud Platform (ICP) powered robots in Macau. This upgrade aims to boost usability and create new revenue opportunities, especially in advertising. As of March 31, 2022, over 200 robots are deployed in Macau, showcasing customizable displays for static and multimedia ads. The expansion aligns with Macau's growing status as a destination for events, enhancing partnership prospects for the company.

Positive

• Rollout of enhanced features for robots expands advertising capabilities.
• Over 200 robots deployed on trial basis in Macau, indicating market commitment.
• Customizable display options for static and multimedia increase client opportunities.

Negative

• Dependence on a single market (Macau) may pose risks if market conditions change.
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Rollout of Additional Features for Robots Powered by Intelligent Cloud Platform Initiated in Macau

NEW YORK, NY / ACCESSWIRE / April 5, 2022 / Guardforce AI Co., Limited ("Guardforce AI" or the "Company") (NASDAQ:GFAI)(GFAIW), an integrated security solutions provider, today announced it has begun to roll out additional features for its Intelligent Cloud Platform ("ICP") powered robots in Macau. This expansion increases the usability and application of its robots while creating new revenue and partnership opportunities with advertisers and marketing vendors.

On the Company's new expansion, Terence Yap, Chairman of Guardforce AI, commented, "At Guardforce AI, we are continuously and consistently focused on innovation and improvement. Our initial rollout of our ICP powered robots in Macau is a testament to our commitment and an important part of our ethos of ‘one machine, multi-revenue streams.' Macau is expected to be one of the preferred destinations for meetings, incentives, conventions, and exhibitions, making it an ideal market to test our latest technology and drive additional revenue opportunities for advertisers and marketers going forward."

Guardforce AI's robots are ideal for displaying advertisements as most deployments are concentrated within indoor facilities and entrances, with high visibility upon immediate entrance into the facility. The large screen displays on the robots provide increased advertising opportunities for Guardforce AI's clients. Through the ICP, we have upgraded our robot's displays with the capability to display static and multi-media videos. As the displays are completely customizable and can be managed remotely, they are highly suitable for retail and corporate advertisers. As of March 31, 2022, Guardforce AI had more than 200 robots deployed on trial basis Macau.

About Guardforce AI Co., Ltd.

Guardforce AI Co. Ltd. (Nasdaq: GFAI, GFAIW) is a global integrated security solutions provider that is focused on developing robotic solutions and information security services that complement its well-established secured logistics business. With more than 40 years of professional experience, Guardforce AI is a trusted brand name that protects and transports the high-value assets belonging to public and private sector organizations. Guardforce AI develops and provides innovative technologies and services that enhance safety and protection.

For more information, visit www.guardforceai.com

Forward Looking Statements

This press release contains statements that do not relate to historical facts but are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their use of terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and reports under the heading "Risk Factors" as filed with the SEC. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether because of new information, future events or otherwise.

Media Relations
Patrick Yu
Email: patrick.yu@fleishman.com
Phone: (+852) 2586-7877

Investor Relations
Shannon Devine
Email: GFAI@mzgroup.us
Phone: +1 203-741-8811

Guardforce AI Corporate Communications
Hu Yu
Email : yu.hu@guardforceai.com

SOURCE: Guardforce AI Co., Limited

View source version on accesswire.com:
https://www.accesswire.com/696000/Guardforce-AI-Expands-Applications-of-Robotics-Solutions

FAQ

What are the new features for Guardforce AI's robots in Macau?

Guardforce AI has rolled out additional features for its Intelligent Cloud Platform (ICP) robots, enhancing advertising capabilities.

How many robots does Guardforce AI have deployed in Macau?

As of March 31, 2022, Guardforce AI has over 200 robots deployed in Macau.

What is the significance of Macau for Guardforce AI?

Macau is seen as a key market due to its potential for meetings and events, providing opportunities for advertising.

What are the stock symbols for Guardforce AI?

The stock symbols for Guardforce AI are GFAI and GFAIW.