Gorilla Technology Group Inc. Ordinary shares - GRRR STOCK NEWS

Gorilla Technology Group (NASDAQ: GRRR) has appointed Thomas Sennhauser to its Board of Directors, effective December 1, 2024. Sennhauser, currently serving as CTO and Business Lead, APJ, at Intel , brings over two decades of expertise in technology leadership, R&D, and digital transformation. His experience includes significant contributions to AI, IoT, SDN, and Cloud Infrastructure development. Prior to Intel, he held key positions at Hewlett Packard Enterprise, where he specialized in Network Function Virtualisation and Software Defined Networking. The appointment aligns with Gorilla's expansion plans in AI, cybersecurity, and smart city solutions.

Gorilla Technology Group (NASDAQ: GRRR) has been shortlisted for a major smart education and digital infrastructure project in Southeast Asia. The initial five-year phase is valued at over $400 million, with potential additional projects worth $2.5 billion over 15 years. The project aims to revolutionize educational ecosystems by implementing digital platforms, AI capabilities, and next-generation connectivity. The company is currently working to finalize terms and definitive documentation for this transformative initiative that will enhance learning experiences and operational efficiency across the region.

Gorilla Technology Group (NASDAQ: GRRR) has signed a Letter of Intent with BroadSat Technologies to collaborate on Smart Cities and AI Cybersecurity solutions. The partnership aims to leverage the $42.45 billion Broadband Equity, Access, and Deployment (BEAD) Program to expand high-speed internet access across all 50 US states. The collaboration targets the $150 billion Smart Cities and cybersecurity markets in the US and EMEA regions, focusing on delivering connectivity solutions to underserved communities and advancing digital initiatives through combined expertise in AI and broadband technology.

Gorilla Technology Group (NASDAQ: GRRR) announces an exclusive investor webinar scheduled for December 12, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature presentations from CEO Jay Chandan and interim-CFO Bruce Bower. The company reports strong financial metrics with $38 million in cash reserves and total assets exceeding $133 million. The webinar will highlight Gorilla's position in AI-powered solutions for smart cities and its expansion strategy across Europe, APAC, and MENA regions. A live Q&A session will follow the presentation.

Gorilla Technology Group (NASDAQ: GRRR) has announced the opening of a new office in Seattle as part of its strategic expansion into the U.S. market. The office will serve as a central hub for U.S. operations, facilitating closer collaboration with local partners and clients. The company is also extending its partnership with Intel through the Intel Partner Alliance (IPA) program, enabling access to Intel's technologies and resources for developing smart city solutions. The expansion aims to address growing demand from U.S. agencies, Smart City Planning Departments, and enterprises seeking AI technologies.

Gorilla Technology Group (NASDAQ: GRRR) has announced strong financial projections for 2024-2025. The company expects 2024 revenues of $72 million with over 20% EBITDA margin and $10 million net income, building on 222% revenue growth and 456% gross profit growth in H1 2024. For 2025, projections show revenues exceeding $90 million with $15 million net income.

The company reports a $93 million contract backlog entering 2025 and is pursuing additional large-scale projects in AI analytics, cybersecurity, and smart cities. Gorilla launched its Intelligent Network Director platform in October 2024, targeting the $40 billion SD-WAN market. The company continues its share repurchase program, having bought back 1.1 million shares with $3.8 million of the $6 million authorized.

Gorilla Technology Group Inc. (NASDAQ: GRRR) is hosting an exclusive live investor webinar and Q&A session on October 24, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature Chairman and CEO Jay Chandan, interim-CFO Bruce Bower, and John Roy, PhD, Managing Director of Water Tower Research.

Attendees will gain insights into Gorilla's position as a leader in AI-powered solutions for smart and safe cities. The company's recent accomplishments have strengthened its financial position, with cash reserves exceeding $40 million and total assets surpassing $60 million. Gorilla is focusing on expanding into high-growth markets across Europe, APAC, and MENA, aiming for sustained revenue growth and profitability.

Investors can register for the free webinar and submit questions in advance or during the live event.

RedChip Companies will air interviews with Calidi Biotherapeutics (NYSE American:CLDI) and Gorilla Technology Group (Nasdaq:GRRR) on the RedChip Small Stocks, Big Money™ show on Bloomberg TV on October 19 at 7 p.m. ET. The show reaches an estimated 73 million homes across the U.S.

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Gorilla Technology, with 22 years of experience and 29 global patents, specializes in digital transformation solutions. Their technologies include edge AI, big data analytics, and IoT security, serving sectors like government and manufacturing. Gorilla has buy ratings from three analysts with a mean price target of $29.50.

Gorilla Technology Group Inc. (NASDAQ: GRRR) has launched the Gorilla Intelligent Network Director, a groundbreaking platform designed to simplify connectivity and enhance productivity for businesses. This innovative solution merges intelligent automation, seamless integration, and security into one platform, addressing the limitations of traditional networks.

Key features include:

• Unmatched control and real-time intelligence
• True hybrid agility
• Built-in security for the modern age
• Seamless, scalable deployment

The platform is now available for Proof of Concept (PoC) trials, with full market release expected in the second half of 2025. This launch represents a significant step in network evolution, offering businesses the opportunity to shape the future of networking technology.