Welcome to our dedicated page for Guardforce AI Co. Ordinary Shares news (Ticker: GFAI), a resource for investors and traders seeking the latest updates and insights on Guardforce AI Co. Ordinary Shares stock.
Guardforce AI Co., Limited (GFAI) is a leading provider of advanced robotic AI solutions, dedicated to meeting the unique business demands of its global clientele. Headquartered in Hong Kong, the company has a robust partnership with the Chinese University of Hong Kong and operates a state-of-the-art research center to develop intelligent robots. Additionally, Guardforce AI has established a manufacturing facility in Shenzhen, China, enabling the company to produce high-quality robotic solutions.
The company's portfolio includes a wide range of AI-driven robots, such as thermal imaging concierge robots, disinfection robots, delivery robots, indoor patrol robots, outdoor patrol robots, and mobile sentry robots. These advanced technologies have been successfully deployed across various industries, including hospitals, hotels, campuses, and commercial and residential buildings.
Guardforce AI also specializes in cash solutions and cash handling services through its operations in Thailand. The company’s cash logistics services encompass cash-in-transit (CIT) via dedicated vehicles, ATM management, cash center operations, cash processing, coin processing, cheque center functions, and cash deposit machine solutions (including cash deposit management and express cash service). Its clientele spans local commercial banks, chain retailers, coin-manufacturing mints, and government authorities.
Recently, Guardforce AI announced an agreement to convert $15.91 million of debt and accrued interest into ordinary shares at $5.40 per share, a move expected to significantly enhance the company’s balance sheet. This strategic decision underscores the company's commitment to financial stability and growth.
For more information, visit the company's official website at http://www.ciotrobots.com/en/.
Guardforce AI (NASDAQ:GFAI, GFAIW) has partnered with Riversoft to co-develop the Robot Travel Agency (RTA), enhancing travel services through AI-driven solutions. This e-commerce platform will offer travelers the ability to book transportation, accommodations, and tours while integrating with Riversoft’s existing booking engine linked to major travel suppliers. The RTA aims to streamline the travel experience by providing local recommendations and seamless payment options through social media applications. The partnership is timely, as global business travel is expected to recover significantly in 2023.
Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) announced a significant 5-year contract with the Bank of Thailand for its subsidiary, Guardforce Cash Solutions Security (GFCS), to manage Consolidated Cash Centers (CCCs) in Ubonratchathani and Phitsanulok. This contract marks an expansion of existing services and will involve managing around 1,100 ATM locations across 31 provinces. The Ubonratchathani contract starts in November 2022, followed by Phitsanulok in December 2022. The award showcases Guardforce AI's reputation in the security industry.
Guardforce AI (NASDAQ:GFAI, GFAIW) announced a non-binding LOI to acquire Shenzhen Kewei Robot Technology Company Limited, enhancing its robotics capabilities and expanding its Fortune 500 customer base. This acquisition supersedes a previous LOI involving 19 subsidiaries. The deal will be funded with 10% cash and 90% restricted common stock, valued at a minimum of $1 per share. Kewei reported approximately $15 million in revenue in 2021 and operates 65,000 robots, including 40,000 with advertising features. This strategic move aims to solidify Guardforce's position in the robotics market.
Guardforce AI (NASDAQ:GFAI, GFAIW) announced a new management team to boost growth in robotics and information security sectors. Lei Wang continues as CEO and is now Chairman of the Board. New appointments include Lin Jia as President, Yu-Heng Ma as CFO, and Mingchang Liu as CTO. Resignations include Terence Yap and Cynthia Ng, who left to pursue other interests without disagreements. Wang highlighted the aim to accelerate the rollout of their Robotics-as-a-Service (RaaS) platform and expand globally, tapping into the multi-billion dollar market.
On July 14, 2022, Guardforce AI Co., Limited (NASDAQ: GFAI, GFAIW), a security solutions provider, announced that its Chairman, Terence Yap, will participate in the Benzinga All Access event on July 22, 2022, at 10:00 A.M. Eastern Time.
The event will be streamed live, with a recording available later on the company’s investor relations website. Benzinga All Access features one-on-one discussions with executives across various industries, aimed at informing investors about emerging opportunities.
Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) announced it will receive about $1.33 million in gross proceeds from accredited investors exercising 5,581,918 existing warrants. The exercise price was reduced from $1.15 to $0.238 per share, allowing investors to acquire approximately 2,790,959 ordinary shares with an additional share consideration of 1/2 share for each warrant exercised. The net proceeds, after expenses, are expected to be around $1.23 million. EF Hutton acted as the warrant inducement agent in this transaction.
Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has entered a collaboration agreement with the Hong Kong Industrial Artificial Intelligence and Robotics Centre Limited (FLAIR) to develop Robotics-as-a-Service (RaaS) solutions and AI cloud platforms. This partnership, commencing in August 2022 for an initial two-year term, aims to leverage FLAIR's technology for customized robotics services globally. Guardforce AI's CEO, Olivia Wang, noted the expansion of their RaaS platform to ten markets, emphasizing the potential for improved robotics solutions tailored to local market needs.
Guardforce AI Co., Limited (NASDAQ:GFAI,GFAIW) has acquired Beijing Wanjia Security System Co., Ltd. for approximately $8.4 million, with 90% paid in restricted shares. This acquisition enhances Guardforce AI’s security solutions in China, targeting retail businesses. The company aims to leverage this purchase to solidify its market position and expand its customer base. Guardforce AI also plans to finalize another acquisition of seven companies from Shenzhen Kewei Robot Technology Co., Limited by Q3 2022, diversifying its Robotics-as-a-Service (RaaS) offerings.
Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has opened new offices in Tokyo and San Francisco, enhancing its Robotics-as-a-Service (RaaS) offerings. The new locations will provide various robotic solutions, including the T-series robot for reception, food delivery, and disinfection. Chairman Terence Yap emphasized the importance of these markets, highlighting Japan's expected growth in robotic services and San Francisco's tech ecosystem as key advantages for attracting talent. The company aims to expand its global footprint to meet the increasing demand for automated services.
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