Guardforce AI Co., Limited Ordinary Shares - GFAI STOCK NEWS

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has signed a letter of intent to acquire twelve additional robotics companies, building on its earlier agreement to acquire seven companies. These firms are established leaders in Robotics-as-a-Service (RaaS) across key Chinese markets. The total acquisition value is US $18 million, to be funded through 10% cash and 90% stock at $2.00 per share. Expected closure is in the second half of 2022.

Chairman Terence Yap emphasized the company's strategy to capitalize on increasing demand for contactless robotic services.

Guardforce AI (NASDAQ: GFAI, GFAIW) has extended its contract with the Government Savings Bank (GSB) in Thailand for ATM services, valued at approximately USD $19.5 million over three years, starting June 1, 2022. The subsidiary, Guardforce Cash Solutions Security, will service around 4,000 ATMs throughout Thailand. Additionally, Guardforce AI received a notification from NASDAQ indicating it does not meet the minimum bid price requirement, allowing until November 23, 2022 to regain compliance.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) announced two agreements to acquire eight companies in China for a total of $30 million. The first acquisition involves Beijing Wanjia Security System Limited for approximately $8.4 million, expected to close in June 2022. The second involves seven companies from Shenzhen Kewei Robot Technology Co. valued at $21.6 million, with a planned closure in Q3 2022. The payments consist of 10% cash and 90% restricted shares at $2.00 per share, aimed at expanding their Robotics-as-a-Service and integrated security capabilities.

Guardforce AI Co., Limited (NASDAQ: GFAI, GFAIW) announced that Chairman Terence Yap will present at the H.C. Wainwright Global Investment Conference from May 23-26, 2022, at the Fontainebleau Miami Beach Hotel. Mr. Yap's in-person presentation is scheduled for May 24 at 3:00 p.m. ET and will be available for live streaming. The company focuses on integrated security solutions, including robotic technologies and secured logistics, boasting over 40 years of experience in protecting high-value assets. One-on-one meetings with qualified investors will also be held during the conference.

Guardforce AI has expanded its robotic disinfection services in response to the COVID-19 outbreak in China. This new offering bundles disinfectant solutions with robotic services, aiming to reduce labor costs and provide cost savings through bulk pricing. The T-series robots now include features like temperature screening and health code verification. The company plans to test this in Shenzhen before rolling it out to more cities. The global disinfection robot market is projected to grow at a CAGR of 30.1%, reaching $2.79 billion by 2028, enhancing Guardforce AI's Robots-as-a-Service model.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has launched an automated marine scanning service to enhance cybersecurity in maritime transportation. Developed by its subsidiary Handshake Networking, the service allows vessel operators to schedule scans adapting to unpredictable network changes. This initiative comes as global shipping companies face increased cyber threats, with over 63,000 trading vessels in operation worldwide. The service addresses key vulnerabilities and aligns with International Maritime Organization regulations for cyber risk management.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has announced that Chairman Terrance Yap will present at the Spring Into Action - Best Ideas Investor Conference from May 16-20, 2022. His presentation is scheduled for May 17, 2022, at 9:30 a.m. ET and will be available via live webcast with a replay option.

Qualified investors can schedule one-on-one meetings during the conference. The event highlights top investment ideas, featuring 36 companies recommended by institutional investors.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) announced the deployment of over 4,800 robots across 9 global locations including Hong Kong, Singapore, and the USA, targeting sectors like healthcare, tourism, and retail.

With expectations to exceed 10,000 deployments by year-end, the company's Robotics-as-a-Service (RaaS) model is evolving, integrating customer feedback for improved AI solutions. The rollout aims to capture a significant share of the growing RaaS market, enhancing customer experience and operational efficiency through innovations like the Intelligent Cloud Platform.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) announced its participation in the Hotel Show in Dubai from May 24 to May 26, 2022. The company will showcase its Robotics-as-a-Service (RaaS) solutions, featuring the T-Series robot for voice interaction and temperature screening, and the S-Series for spray disinfection. The event aims to connect Guardforce with potential partners in the hospitality sector, highlighting Dubai's role in the UAE's economic diversification. Guardforce AI emphasizes the potential for RaaS in Dubai's thriving hospitality market, which boasts over 270 luxury hotels.