Guardforce AI Announces Two New Appointments to its Board of Directors

Rhea-AI Summary

Guardforce AI Co., Ltd (OTC Pink: GRDAF) has appointed John Fletcher and David Ian Viccars as independent board members, effective February 1, 2021. Fletcher, a finance expert with over 100 transactions, will chair the newly formed audit committee. Viccars brings 20 years of security industry experience in the APAC region. Chairman Terence Yap stated that their expertise will be crucial for the company's growth and innovative solutions. Guardforce AI provides integrated security solutions to protect high-value assets across various sectors.

Positive

• Appointment of experienced board members John Fletcher and David Ian Viccars.
• Fletcher's extensive finance background may enhance financial strategy.
• Viccars' industry experience in security strengthens operational insights.

Negative

• None.

NEW YORK, Feb. 1, 2021 /PRNewswire/ -- Guardforce AI Co., Ltd (OTC Pink: GRDAF) ("Guardforce AI"), an integrated security solutions provider in Asia, announced today the appointment of two independent board members, John Fletcher and David Ian Viccars, to its Board of Directors, effective February 1, 2021. The two board members will also be serving on the Company's newly established audit committee, with Mr. Fletcher being appointed as the Chair of the committee.

Mr. Fletcher brings a wealth of investment banking and finance experience to the Company. He is currently the Chief Operating Officer at Pluris Capital Group, Inc., a registered broker/dealer and the Chief Financial Officer at Rebus Capital Group, LLC, a financial consulting firm. With extensive experience in equity and debt financing, as well as M&A and advisory work, Mr. Fletcher has successfully completed more than 100 transactions, raising billions of dollars for numerous companies.

Mr. Fletcher has previously served as the Managing Director at Maxim Capital Group, LLC, where he was responsible for transactions associated with the global energy sector. Before that, he was a Managing Director, and co-head of Investment Banking, at Brean Capital, LLC, where he was responsible for all aspects of the company's investment banking operations.

Mr. Viccars joins the board of Guardforce AI with over 20 years of senior-level experience in the security industry within the APAC region. His most recent appointment was as the lead Asia Region Security Consultant at Vinarco International, working with leading telecoms providers, oil and gas, and logistics companies such as DHL. Prior to that, he was a Director at Securitas Asia where he led the regional business expansion team in providing tailored services for global contracts. At Securitas Asia, he also led the acquisitions team working on major M&A deals throughout Asia.

Mr. Viccars' previous experience includes the launch of Securitas Thailand, where he was a General Manager and Managing Director. Before that, Mr. Viccars was a General Manager and Managing Director at Chubb Thailand and Chubb Philippines, as well as Director of Manpower Services at Chubb Singapore. Before moving into commercial security, Mr. Viccars had a successful career in the British Army with the Royal Tank Regiment completing his service in Hong Kong where his primary role was liaising with the Government.

Terence Yap, Chairman at Guardforce AI, commented: "We are pleased to welcome both John and David as independent members of our Board. Their extensive knowledge and expertise of the finance and security industries, as well as regional insights and skills in operations and leadership will be vital to our business as we continue to grow and provide innovative solutions to our clients. John's track-record in investment banking and David's strong experience with security systems will be of significant importance. I look forward to working with both of them as their continued enthusiasm will help us to further develop and customize our solutions for clients across the region."

About Guardforce AI Co., Ltd.

Guardforce AI Co. Ltd. is a leading integrated security solutions provider that is trusted to protect and transport the high-value assets of public and private sector organizations. Developing and introducing innovative technologies that enhance safety and protection, Guardforce AI helps clients adopt new technologies and operate safely as the Asia Pacific business landscape evolves.

For more information, visit www.guardforcecash.co.th.

Forward Looking Statements

This announcement contains forward-looking statements. Forward-looking statements provide our current expectations or forecasts of future events. Forward-looking statements include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "will" or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on reasonable assumptions we have made in light of our industry experience, perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you read and consider this press release you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions, including the risks described in the reports and other documents we file with the Securities and Exchange Commission. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect or change, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date of this press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

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SOURCE Guardforce AI Co. Ltd.

FAQ

Who are the new board members of Guardforce AI (GRDAF)?

Guardforce AI has appointed John Fletcher and David Ian Viccars as independent board members.

What roles will John Fletcher and David Ian Viccars hold at Guardforce AI (GRDAF)?

John Fletcher will serve as the Chair of the newly established audit committee, while David Ian Viccars will also serve on the same committee.

When were the new board members appointed for Guardforce AI (GRDAF)?

The new board members were appointed on February 1, 2021.

What experience does John Fletcher bring to Guardforce AI (GRDAF)?

John Fletcher has extensive experience in investment banking and finance, having completed over 100 transactions.

What is David Ian Viccars' background relevant to Guardforce AI (GRDAF)?

David Ian Viccars has over 20 years of senior-level experience in the security industry within the APAC region.