Welcome to our dedicated page for Gorilla Technology Group Ord Shs news (Ticker: GRRR), a resource for investors and traders seeking the latest updates and insights on Gorilla Technology Group Ord Shs stock.
Gorilla Technology Group Inc. (symbol: GRRR) is a key player in the world of video intelligence and IoT technology, established in 2000. The company offers cutting-edge solutions in video-centric and content management applications. These applications serve sectors such as smart retail, enterprise surveillance, city security, and broadcast media. Leveraging its innovative VEMO technology, Gorilla integrates deep learning algorithms to automate digital stream processing and provide comprehensive video analytics. This adds value to businesses by uncovering new opportunities.
Gorilla Technology is divided into two main segments: Video IoT and Security Convergence, and Other Segments. The Video IoT and Security Convergence segment focuses on providing video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology (OT) security solutions. The Other Segments include additional services that support the company’s core offerings.
Recently, Gorilla has been at the forefront of cyber security innovation with the introduction of its security convergence devices. These devices are designed to enhance operational efficiency and performance through intelligent, edge AI solutions. Gorilla’s commitment to continuous technological advancement ensures that it delivers superior products and services to managed service providers, distributors, system integrators, and hardware manufacturers.
For the latest updates and more detailed information, visit their website at Gorilla-Technology.com.
Latest News:
- Introducing the Future of Cybersecurity: Security Convergence Devices by Gorilla
Gorilla Technology Group (NASDAQ: GRRR) has signed a landmark multi-year agreement with US-based ONE AMAZON to create the world's first Internet of Forests (IoF). This multi-billion-dollar initiative involves deploying environmental biodegradable sensors across the Amazon rainforest, creating a real-time intelligence network.
The project integrates advanced technologies including satellite imagery, drone surveillance, and ground-based environmental sensors. Gorilla will provide critical infrastructure including environmental sensors, high-performance servers, AI algorithms, and communication networks. The initiative is supported by major partners including AECOM, CAF, Abu Dhabi Investment Group, MIT Media Lab, and Goldman Sachs.
Goldman Sachs is developing a tradable financial platform to transform natural capital into digital assets, using blockchain technology and AI-powered valuation models. The platform will include nature-backed digital securities, Amazon-linked blockchain tokens, and regenerative finance mechanisms, aiming to make the Amazon an investable asset through a 30-year land-backed digital asset structure.
Gorilla Technology Group (NASDAQ: GRRR), British Telecom (BT), and the Port of Tyne are expanding their partnership to enhance safety measures through AI video analytics deployment. The collaboration builds upon their previous success in container tracking and damage classification.
The new phase focuses on implementing Gorilla's AI-powered video analytics platform to monitor hazardous areas within the port. The system will detect safety risks, including PPE compliance violations and unsafe worker behavior near dangerous machinery. The technology integrates with BT's 5G private network infrastructure for real-time monitoring and decision-making.
The implementation aims to reduce workplace incidents while providing actionable insights for operational workflow optimization. This initiative aligns with Port of Tyne's vision of becoming a leading smart port through AI-driven solutions for task automation, resource allocation, and business intelligence generation.
Gorilla Technology Group (NASDAQ: GRRR) has announced the formal closure of its At-The-Market (ATM) programme, marking a significant step in its commitment to protect shareholder value and prevent further dilution. This strategic decision follows the company's previous share buyback initiative and reflects confidence in its financial strength and growth prospects.
CEO Jay Chandan emphasized the company's dedication to preventing dilution and maintaining shareholder value, stating that Gorilla's focus remains on execution, revenue expansion, and delivering long-term value to investors.
Gorilla Technology Group (NASDAQ: GRRR) announces an exclusive live investor webinar scheduled for February 18, 2025, at 4:15 p.m. ET. The event will feature presentations from Chairman and CEO Jay Chandan and interim-CFO Bruce Bower, followed by a Q&A session.
The company, specializing in AI-driven IoT solutions, security convergence, and big data analytics, reports entering 2025 with a $93 million backlog and a $2 billion pipeline of multi-year opportunities. Gorilla projects revenues of $90-100 million for 2025, with operations spanning across US, LATAM, Europe, APAC, and MENA regions, focusing on smart city initiatives and critical security deployments.
Gorilla Technology Group (NASDAQ: GRRR) has advanced to the design and development phase of Thailand's AI tourism safety initiative. The project aims to transform Thailand into Southeast Asia's hub for AI-powered tourism safety. The company reports a pipeline of opportunities exceeding $1 Billion in Thailand and plans to hire over 100 new team members to support growth.
The implementation includes key technical advancements such as global database integration for facial recognition and license plate tracking, smart resource management that reduces response times by 30%, and AI threat detection with 98% accuracy. The project, supported by the British government, focuses on connecting international databases and optimizing security operations through AI-powered analytics.
Gorilla Technology Group Inc. (NASDAQ: GRRR) has announced a five-year partnership with the Royal Thai Tourist Police to enhance tourism safety across Thailand. The initiative, valued at USD 50-60 million, aims to implement AI-driven security solutions throughout Thailand's major tourist destinations.
The project will deploy Gorilla's proprietary AI-powered GPUs, built on Intel's Gaudi infrastructure, providing real-time surveillance, intelligent threat detection, and optimized resource management. This nationwide implementation supports Thailand's goal of welcoming 40 million visitors annually by 2025.
The partnership will establish a comprehensive safety framework using advanced AI technologies, positioning Thailand as a global leader in smart tourism security. The initiative builds upon initial pilot programs and aims to create a seamless safety network that enhances visitor confidence while strengthening Thailand's reputation as a premier global destination.
Gorilla Technology Group (NASDAQ: GRRR) has announced an increase in its share buyback program from $6 million to $10 million, with $3.8 million already used for private share repurchases. The company currently holds $47 million in cash and expects to receive over $50 million in payments by Q1 2025.
The company addressed market concerns, clarifying that recent share count changes (18,464,651 shares outstanding) resulted from previously disclosed preferred share conversions and warrant exercises from 2023-2024 financing arrangements. Gorilla emphasized its diverse contract portfolio beyond the MENA project, highlighting a $93 million backlog and a $2 billion project pipeline.
The company plans to expand to open-market buybacks after the 2024 fiscal earnings release and transition to quarterly reporting in 2025. Management intends to purchase shares when permitted by securities laws.
Gorilla Technology (NASDAQ: GRRR) has signed a landmark MoU with the City of Santa Marta, Colombia, in consortium with NC Digy Smart Cities and AECOM, to transform it into an AI-powered smart city. The 20-year contract represents the first phase of a four-phase initiative aimed at revolutionizing smart cities across Latin America.
The project will implement various AI-driven components including: smart lighting with video analytics and environmental sensors, cybersecure communication nodes, interactive AI kiosks, smart mobility and parking systems, AI video analytics for public safety, and environmental monitoring systems. The company is currently engaging with over 20 cities between the United States and Latin America for similar smart city initiatives.
The initiative coincides with Colombia's largest gas discovery off its coast, which is expected to drive economic growth in the region. As part of the project, Gorilla Technology will also establish smart and green data centers in Colombia to support the region's digital transformation.
Gorilla Technology Group (NASDAQ: GRRR) has announced key updates to its share structure and financial position as of January 3, 2025. The company reports 18,464,651 ordinary shares outstanding, following the complete conversion of all preference shares and the exercise of 2,663,750 Series A, B, and C warrants.
The warrant exercises generated over $15.7 million in fresh capital for the company. Based on the January 2, 2025 closing price of $24.33 per share, Gorilla's market capitalization stands at approximately $449.2 million.
According to CFO Bruce Bower, these developments reflect strong investor confidence and will enable the company to accelerate strategic initiatives and enhance its ability to deliver innovative solutions to global customers.
Gorilla Technology Group (NASDAQ:GRRR) and Nova Minerals will be featured on Bloomberg TV's RedChip Small Stocks, Big Money™ show on January 4, 2025. In his interview, Gorilla's interim-CFO Bruce Bower discusses the company's position as an AI solutions leader with a $2 billion project pipeline and $93 million backlog. The company projects 2025 revenue between $90-100 million, targeting growth across U.S., EMEA, and Southeast Asian markets.
Nova Minerals' CEO Christopher Gerteisen presents their Estelle Gold Project in Alaska, featuring a 5.2 million ounces pit-constrained S-K 1300 compliant gold resource. The company is conducting metallurgical and flow sheet work for their Feasibility Study, which may include revenue potential from antimony minerals. The project is located in a region known for major gold deposits including Donlin Creek (45Moz), Fort Knox (11Moz), and Pogo (6.9Moz).
FAQ
What is the current stock price of Gorilla Technology Group Ord Shs (GRRR)?
What is the market cap of Gorilla Technology Group Ord Shs (GRRR)?
What does Gorilla Technology Group Inc. specialize in?
When was Gorilla Technology Group Inc. established?
What are the main segments of Gorilla Technology Group Inc.?
What are some applications of Gorilla Technology’s solutions?
What is unique about Gorilla Technology’s VEMO technology?
What recent innovations has Gorilla Technology introduced?
Who can benefit from Gorilla Technology’s products and services?
How does Gorilla Technology ensure quality in its offerings?
Where can I find more information about Gorilla Technology Group Inc.?
How can I contact investor relations for Gorilla Technology?
