Gorilla Technology Closes 2024 on a High and Enters 2025 with a Bang
Gorilla Technology Group (NASDAQ: GRRR) has secured two new contracts in Taiwan to end 2024. The first contract involves deploying an AI-powered lawful interception and criminal investigation platform for law enforcement. The second is a collaboration with a telecom provider to ensure their AI-enhanced Cloud IMS network service meets lawful interception certification requirements.
According to CEO Jay Chandan, these agreements demonstrate Gorilla's capability to deliver strategic solutions in specialized industries. The company enters 2025 with a solid backlog and is positioning itself for growth through 2026, focusing on smart city solutions and security innovations.
Gorilla Technology Group (NASDAQ: GRRR) ha ottenuto due nuovi contratti a Taiwan che si concluderanno nel 2024. Il primo contratto prevede l'implementazione di una piattaforma di intercettazione legale e indagine criminale alimentata da intelligenza artificiale per le forze dell'ordine. Il secondo è una collaborazione con un fornitore di telecomunicazioni per garantire che il loro servizio di rete Cloud IMS potenziato dall'IA soddisfi i requisiti di certificazione per l'intercettazione legale.
Secondo il CEO Jay Chandan, questi accordi dimostrano la capacità di Gorilla di fornire soluzioni strategiche in settori specializzati. L'azienda entra nel 2025 con un solido portafoglio di ordini e si sta posizionando per la crescita fino al 2026, concentrandosi su soluzioni per città intelligenti e innovazioni nel campo della sicurezza.
Gorilla Technology Group (NASDAQ: GRRR) ha conseguido dos nuevos contratos en Taiwán que concluirán en 2024. El primer contrato implica el despliegue de una plataforma de interceptación legal e investigación criminal impulsada por inteligencia artificial para las fuerzas del orden. El segundo es una colaboración con un proveedor de telecomunicaciones para asegurar que su servicio de red Cloud IMS mejorado con IA cumpla con los requisitos de certificación para la interceptación legal.
Según el CEO Jay Chandan, estos acuerdos demuestran la capacidad de Gorilla para ofrecer soluciones estratégicas en industrias especializadas. La empresa entra en 2025 con un sólido backlog y se está posicionando para crecer hasta 2026, centrándose en soluciones de ciudades inteligentes e innovaciones en seguridad.
고릴라 기술 그룹 (NASDAQ: GRRR)는 2024년 말까지 대만에서 두 건의 새로운 계약을 체결했습니다. 첫 번째 계약은 법 집행을 위한 인공지능 기반의 법적 감청 및 범죄 조사 플랫폼을 배치하는 것입니다. 두 번째는 통신 제공업체와의 협업으로, 그들의 인공지능 향상 클라우드 IMS 네트워크 서비스가 법적 감청 인증 요구 사항을 충족하는지 확인하는 일이 담겨 있습니다.
CEO 제이 찬단(Jay Chandan)에 따르면, 이러한 계약은 고릴라가 전문 산업에서 전략적 솔루션을 제공할 수 있는 능력을 보여줍니다. 회사는 2025년에 탄탄한 백로그를 가지고 힘 있는 성장세를 보이며 2026년까지 스마트 시티 솔루션과 보안 혁신에 집중할 예정입니다.
Gorilla Technology Group (NASDAQ: GRRR) a obtenu deux nouveaux contrats à Taïwan qui se termineront en 2024. Le premier contrat concerne le déploiement d'une plateforme d'interception légale et d'enquête criminelle alimentée par l'intelligence artificielle pour les forces de l'ordre. Le second est une collaboration avec un fournisseur de télécommunications pour s'assurer que leur service de réseau Cloud IMS amélioré par l'IA répond aux exigences de certification en matière d'interception légale.
D'après le PDG Jay Chandan, ces accords démontrent la capacité de Gorilla à fournir des solutions stratégiques dans des secteurs spécialisés. L'entreprise aborde 2025 avec un portefeuille de commandes solide et se positionne pour une croissance jusqu'en 2026, en mettant l'accent sur les solutions de villes intelligentes et les innovations en matière de sécurité.
Gorilla Technology Group (NASDAQ: GRRR) hat zwei neue Verträge in Taiwan bis Ende 2024 gesichert. Der erste Vertrag umfasst die Bereitstellung einer KI-gestützten Plattform für legale Abhörmaßnahmen und kriminaltechnische Ermittlungen für die Strafverfolgung. Der zweite ist eine Zusammenarbeit mit einem Telekommunikationsanbieter, um sicherzustellen, dass deren KI-optimierter Cloud IMS-Netzwerkdienst die Anforderungen für legale Abhörzertifizierungen erfüllt.
Laut CEO Jay Chandan zeigen diese Vereinbarungen die Fähigkeit von Gorilla, strategische Lösungen in spezialisierten Branchen bereitzustellen. Das Unternehmen geht mit einem soliden Auftragsbestand in das Jahr 2025 und positioniert sich für Wachstum bis 2026, wobei der Schwerpunkt auf intelligenten Stadtlösungen und Sicherheitsinnovationen liegt.
- Secured two new contracts in Taiwan's law enforcement and telecom sectors
- Expanding presence in high-value government and telecommunications markets
- Building backlog for 2025-2026 business pipeline
- Financial terms and contract values not disclosed
- Timeline for revenue recognition not specified
Insights
The announcement lacks substantial financial details about the two new contracts, making it difficult to quantify their immediate impact on Gorilla's revenue stream. However, the strategic value lies in the company's expansion in two critical sectors: law enforcement and telecommunications. The law enforcement contract particularly stands out as it positions Gorilla in the rapidly growing AI-powered security solutions market, which is projected to reach
The telecom partnership for Cloud IMS network services compliance represents a strategic entry into a highly regulated market segment. This creates a potential recurring revenue stream through certification and compliance services, though the contract value remains undisclosed. Market penetration in these sectors typically leads to long-term client relationships due to high switching costs and integration complexity.
The technological significance of these contracts lies in Gorilla's AI-powered lawful interception platform, which addresses a critical gap in the market. Traditional lawful interception systems often struggle with real-time data processing and analytics. Gorilla's AI implementation suggests advanced capabilities in pattern recognition and data correlation, essential for modern criminal investigations.
The Cloud IMS certification project demonstrates Gorilla's ability to integrate AI capabilities with telecommunications infrastructure while maintaining regulatory compliance - a complex technical challenge that few companies can execute effectively. This positions Gorilla as a bridge between legacy systems and next-generation AI-enabled services.
The regulatory compliance aspect of these contracts is particularly noteworthy. Lawful interception systems must adhere to strict legal frameworks, including privacy laws and constitutional rights. Gorilla's ability to secure contracts in this highly regulated space indicates robust compliance mechanisms. The telecom certification project is especially significant as it addresses the complex intersection of telecommunications regulations and AI implementation.
The IMS network certification requirement represents a growing trend where AI systems must demonstrate compliance before deployment in critical infrastructure. This creates a potential competitive advantage for Gorilla as regulatory requirements for AI systems continue to evolve globally.
London, United Kingdom--(Newsfile Corp. - December 31, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") is closing the year on a high note, securing two more contracts in Taiwan that pave the way for even greater success in 2025.
The first is a pivotal project is with the law enforcement sector, centred on deploying Gorilla's AI-powered lawful interception and criminal investigation platform. This groundbreaking project demonstrates Gorilla's ability to harness artificial intelligence to empower agencies with intelligent, data-driven tools that enhance public safety and streamline operational efficiency.
The second contract involves a strategic collaboration with a leading telecom provider to enable their AI-enhanced Cloud IMS network service to meet lawful interception (LI) certification requirements. This initiative underscores Gorilla's pivotal role in deploying advanced AI-driven solutions to ensure compliance and security, empowering the telecom provider to launch their innovative service seamlessly while meeting critical regulatory standards.
Jay Chandan, Chairman and CEO of Gorilla Technology, commented: "As we turn the corner into 2025, Gorilla is not merely carrying momentum - we are building a transformative future. These two landmark agreements highlight our ability to deliver strategic solutions in highly specialised industries. I could not be prouder of what we have accomplished this year and the foundation we have laid for what is to come. Gorilla enters 2025 with not just a solid backlog but with eyes firmly on 2026."
Looking ahead, Gorilla remains committed to driving innovation, enabling smarter and more secure cities, and delivering outstanding value to its stakeholders. With a growing global presence, a robust product portfolio and an unparalleled focus on execution, Gorilla is well-positioned to dominate the market in 2025 and beyond.
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.
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 our ability to deliver products at competitive prices, our ability to service our customers, the growth of the Smart City market, the capabilities of our third party vendors, our ability to attract the attention of customers and win additional projects, 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/235640
FAQ
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