Welcome to our dedicated page for Guardforce Ai Co news (Ticker: GFAIW), a resource for investors and traders seeking the latest updates and insights on Guardforce Ai Co stock.
Guardforce AI Co (GFAIW) delivers cutting-edge robotic security solutions and comprehensive cash logistics services across Asia Pacific. This news hub provides investors with essential updates spanning both technological innovations and financial operations.
Access official press releases covering new product launches, strategic partnerships, and operational milestones. Track developments in thermal imaging robotics, cash handling systems, and expansion into retail/hospitality sectors. Our curated updates ensure timely awareness of earnings reports, leadership changes, and service enhancements.
Key focus areas include AI-driven security robots for commercial environments, ATM management solutions in Thailand, and RaaS (Robot-as-a-Service) deployments. Content is vetted for relevance to shareholder interests and market positioning.
Bookmark this page for consolidated access to Guardforce AI's financial disclosures, technology patents, and cross-industry contract announcements. Stay informed about this dual-sector innovator through verified updates maintained by Stock Titan's editorial team.
Guardforce AI Co., Limited (NASDAQ: GFAI, GFAIW) has signed a deal to acquire certain assets from Shenzhen Kewei Robot Technology Company Ltd for approximately $2.1 million, fully paid in stock. The acquisition enhances Guardforce AI's Robot-as-a-Service capabilities and provides access to Kewei's client base and sales channels in China. This acquisition is projected to drive robotic-related revenue to about $12 million in 2023, with significant growth anticipated over the next three years. The transaction is expected to complete in Q1 2023.
Guardforce AI Co., Limited (NASDAQ: GFAI, GFAIW) announced the launch of its AIoT Robot Advertising (RA) model and the GFAI AD mobile app on the Apple App Store in Asia. This service allows advertisers to utilize Guardforce AI's robots for advertising, leveraging data analytics from the GFAI Intelligent Cloud Platform. With 6,000 robots deployed globally, the app offers e-payment integration for streamlined ad placements and is aimed at enhancing Digital Out-of-Home (DOOH) advertising strategies. The launch follows successful pilot feedback from Macau, with expansion plans into other markets.
Guardforce AI Co. (NASDAQ:GFAI, GFAIW) announced its participation at the Microcap Rodeo's Windy City Roundup 2022 Conference on October 12-13, 2022, in Chicago. CFO Brian Ma will present on October 13 at 10:00 a.m. CT, with the presentation available for live streaming. Investors can engage with management through one-on-one meetings. This annual event brings together over 60 microcap companies, offering insights into investment opportunities and industry trends. For more information, visit Guardforce AI's website.
Guardforce AI reported an increase of 253% in Robotics AI revenue for the first half of 2022, contributing to a total net revenue of $16.9 million, down 7.9% year-over-year due to COVID-19 impacts. The company expanded its global presence to 8 countries and acquired Shenzhen Kewei Robot Technology, enhancing its Robot-as-a-Service (RaaS) capabilities. Despite facing challenges, Guardforce AI anticipates a rebound in revenue as restrictions ease, highlighting a scalable business model designed for significant shareholder value.
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.
