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Gorilla Technology and Lanner Electronics Inc. Announce Joint Venture to Manufacture Gorilla's Next Generation Security Convergence Appliances in Thailand

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Gorilla Technology Group Inc. (NASDAQ: GRRR) has announced a joint venture with Lanner Electronics to manufacture Gorilla's Next Generation Security Convergence appliances in Thailand. This venture follows their recent MOU and will introduce a new line of AI-enabled cybersecurity products at Lanner's existing facility in Thailand.

The product line will feature three distinct SKUs: entry-level, mid-range, and high-performance models, catering to various customer segments. This initiative aims to enhance production efficiency, quality, and scalability while strengthening Gorilla's regional presence and addressing global customer demands.

The partnership is expected to position both companies as leaders in delivering next-generation Customer Premise Equipment (CPE) and innovative appliances, reinforcing their commitment to driving technological advancements globally.

Gorilla Technology Group Inc. (NASDAQ: GRRR) ha annunciato una joint venture con Lanner Electronics per la produzione dei dispositivi di sicurezza di nuova generazione di Gorilla in Thailandia. Questa joint venture segue il loro recente MOU e introdurrà una nuova linea di prodotti di cybersicurezza abilitati all'IA presso l'impianto esistente di Lanner in Thailandia.

La linea di prodotti presenterà tre SKU distinti: modelli entry-level, di fascia media e ad alte prestazioni, per soddisfare le diverse esigenze dei clienti. Questa iniziativa mira a migliorare l'efficienza produttiva, la qualità e la scalabilità, rafforzando al contempo la presenza regionale di Gorilla e rispondendo alle domande dei clienti a livello globale.

È previsto che la partnership posizioni entrambe le aziende come leader nella fornitura di dispositivi per il cliente (CPE) di nuova generazione e di apparecchi innovativi, rafforzando il loro impegno per promuovere i progressi tecnologici a livello mondiale.

Gorilla Technology Group Inc. (NASDAQ: GRRR) ha anunciado una joint venture con Lanner Electronics para fabricar los dispositivos de seguridad de próxima generación de Gorilla en Tailandia. Esta asociación sigue a su reciente MOU e introducirá una nueva línea de productos de ciberseguridad habilitados por IA en la instalación existente de Lanner en Tailandia.

La línea de productos contará con tres SKUs distintos: modelos de nivel básico, gama media y alto rendimiento, atendiendo a varios segmentos de clientes. Esta iniciativa tiene como objetivo mejorar la eficiencia de producción, la calidad y la escalabilidad, mientras se fortalece la presencia regional de Gorilla y se responden a las demandas globales de los clientes.

Se espera que la asociación posicione a ambas empresas como líderes en la entrega de equipos de cliente de próxima generación (CPE) y dispositivos innovadores, reforzando su compromiso de impulsar los avances tecnológicos a nivel mundial.

고릴라 기술 그룹 주식회사 (NASDAQ: GRRR)는 태국에서 고릴라의 차세대 보안 융합 장비를 제조하기 위해 라너 일렉트로닉스와의 합작 투자를 발표했습니다. 이 합작 투자 계약은 최근 체결된 MOU에 따르며, 태국의 라너 기존 시설에서 AI 지원 사이버 보안 제품의 새로운 라인을 도입할 것입니다.

제품 라인은 세 가지 독특한 SKU를 특징으로 하여 기본 모델, 중급 모델 및 고성능 모델을 제공하여 다양한 고객 세그먼트에 대응합니다. 이 이니셔티브는 생산 효율성, 품질 및 확장성을 향상시키는 동시에 고릴라의 지역적 존재를 강화하고 글로벌 고객 요구에 부응하는 것을 목표로 합니다.

이번 파트너십은 두 회사를 차세대 고객 종단 장비(CPE) 및 혁신적인 장치를 제공하는 선두업체로 자리매김하게 할 것으로 기대되며, 전 세계적으로 기술 발전을 주도하겠다는 그들의 의지를 강화합니다.

Gorilla Technology Group Inc. (NASDAQ: GRRR) a annoncé une joint venture avec Lanner Electronics pour fabriquer les appareils de convergence de sécurité de nouvelle génération de Gorilla en Thaïlande. Cette initiative fait suite à leur récent MOU et introduira une nouvelle gamme de produits de cybersécurité dotés d'IA dans l'établissement existant de Lanner en Thaïlande.

La gamme de produits comprendra trois SKU distincts : des modèles d'entrée de gamme, de milieu de gamme et haute performance, répondant à divers segments de clients. Cette initiative vise à améliorer l'efficacité de la production, la qualité et l'évolutivité tout en renforçant la présence régionale de Gorilla et en répondant aux demandes des clients à l'échelle mondiale.

Le partenariat devrait positionner les deux entreprises comme des leaders dans la fourniture d'équipements pour le client (CPE) de nouvelle génération et d'appareils innovants, renforçant ainsi leur engagement à faire avancer les progrès technologiques à l'échelle mondiale.

Die Gorilla Technology Group Inc. (NASDAQ: GRRR) hat ein Joint Venture mit Lanner Electronics zur Herstellung von Gorillas Sicherheitslösungen der nächsten Generation in Thailand angekündigt. Dieses Vorhaben folgt ihrem kürzlich unterzeichneten MOU und wird eine neue Linie von KI-gestützten Cybersicherheitsprodukten in der bestehenden Einrichtung von Lanner in Thailand einführen.

Die Produktlinie wird drei verschiedene SKUs umfassen: Einstiegsmodelle, mittelpreisige Modelle und Hochleistungsmodelle, die verschiedene Kundensegmente ansprechen. Diese Initiative zielt darauf ab, die Produktionseffizienz, Qualität und Skalierbarkeit zu verbessern und gleichzeitig Gorillas regionale Präsenz zu stärken und auf globale Kundenbedürfnisse einzugehen.

Die Partnerschaft wird voraussichtlich beide Unternehmen als führend in der Bereitstellung von Geräten für den Kundenstandort (CPE) der nächsten Generation und innovativen Geräten positionieren und ihr Engagement zur Förderung technologischer Fortschritte weltweit verstärken.

Positive
  • Joint venture with Lanner Electronics to manufacture AI-enabled cybersecurity products
  • Expansion of production capabilities in Thailand
  • Introduction of three new product SKUs catering to different market segments
  • Potential for increased production efficiency, quality, and scalability
  • Strengthening of regional presence and ability to address global customer demands
Negative
  • None.

Insights

This joint venture marks a strategic move in the AI-enabled cybersecurity market. By manufacturing in Thailand, Gorilla and Lanner are positioning themselves to capitalize on the growing demand for localized, high-performance security solutions in the APAC region. The introduction of three distinct SKUs demonstrates a nuanced approach to market segmentation, potentially allowing for broader market penetration.

The focus on next-generation CPE and innovative appliances suggests a push towards edge computing in cybersecurity, which could offer reduced latency and improved real-time threat detection. However, the success of this venture will largely depend on the technological differentiation of their products in a competitive market and their ability to scale production efficiently to meet global demand.

This partnership signals a strategic shift in the cybersecurity appliance market. By localizing production in Thailand, Gorilla and Lanner are likely aiming to reduce costs and improve supply chain resilience - important factors in today's geopolitical climate. The move could potentially lead to faster time-to-market and more competitive pricing for their AI-enabled security products.

The focus on three distinct product tiers suggests a comprehensive market coverage strategy, from SMEs to large enterprises. This could translate to increased market share and revenue diversification for both companies. However, success will hinge on their ability to differentiate their offerings in a crowded cybersecurity market and effectively leverage AI capabilities to address evolving security threats.

London, United Kingdom--(Newsfile Corp. - September 9, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced a ground-breaking joint venture agreement with Lanner Electronics, set to manufacture Gorilla's Next Generation Security Convergence appliances in Thailand.

The joint venture between Lanner and Gorilla, following their recent MOU, represents a significant enhancement within Lanner's existing facility in Thailand. This development introduces a new line of Artificial Intelligence (AI)-enabled cybersecurity products, tailored to meet the growing needs of global organizations. With a focus on localization, Gorilla aims to strengthen its regional presence while addressing diverse customer demands globally.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10783/222427_4b3f4944d4a1fb57_001.jpg

Gorilla CEO & Chairman, Jay Chandan and Senior Sales Manager of Lanner, Jackie Wang

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/222427_4b3f4944d4a1fb57_001full.jpg

The new product line will feature three distinct SKUs- entry-level, mid-range, and high-performance models catering to various customer segments. This initiative will enable both companies to lead in delivering next-generation Customer Premise Equipment (CPE) and innovative appliances, enhancing production efficiency, quality, and scalability, and reinforcing their commitment to driving technological advancements on a global scale.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10783/222427_4b3f4944d4a1fb57_002.jpg

Gorilla & key members of the manufacturing facility in Thailand

To view an enhanced version of this graphic, please visit:
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"This venture embodies our shared vision of excellence, innovation, and a commitment to driving technological advancement on a global scale. We're proud and excited to join forces with Lanner, who we've already forged a strategic partnership with to develop AI-enabled cybersecurity products in MENA (Middle East and North Africa)," said Jay Chandan, CEO & Chairman of Gorilla Technology.

"Partnering with Gorilla Technology allows us to merge our strengths and deliver cutting-edge solutions that meet the evolving needs of the market. We are excited to contribute our manufacturing expertise to this venture and look forward to pushing the boundaries of what is possible in network appliances and CPE," said Jackie Wang, Senior Sales Manager at Lanner.

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

About Lanner Inc.

Founded in 1986, Lanner Electronics Inc. has established itself as a global leader in the design and manufacturing of advanced network appliances and rugged industrial computers. Headquartered in Taipei, Taiwan, with offices worldwide, Lanner is at the forefront of developing integrated hardware solutions for a variety of market sectors, including network security, virtualization, cloud computing, and industrial automation.

At Lanner, we are driven by innovation, quality, and an unwavering commitment to customer satisfaction. Our extensive product line ranges from embedded motherboards and network appliances to data storage and security devices, all engineered with precision to meet the highest standards of reliability and performance.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, our expectations to swing to profit in the quarters ahead, Gorilla's strategic shift to enable it to pursue larger projects with better revenue visibility, Gorilla's largest projects and ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on May 15, 2024 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222427

FAQ

What is the purpose of Gorilla Technology's joint venture with Lanner Electronics?

The joint venture aims to manufacture Gorilla's Next Generation Security Convergence appliances in Thailand, introducing a new line of AI-enabled cybersecurity products to meet the growing needs of global organizations.

How many new product SKUs will Gorilla Technology (GRRR) introduce through this joint venture?

Gorilla Technology (GRRR) will introduce three distinct SKUs: entry-level, mid-range, and high-performance models, catering to various customer segments.

Where will the new AI-enabled cybersecurity products be manufactured?

The new AI-enabled cybersecurity products will be manufactured at Lanner's existing facility in Thailand.

What are the expected benefits of this joint venture for Gorilla Technology (GRRR)?

The joint venture is expected to enhance production efficiency, quality, and scalability, strengthen Gorilla's regional presence, and help address diverse customer demands globally.

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