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Gorilla Technology Group Inc. Ordinary shares - GRRR STOCK NEWS

Welcome to our dedicated page for Gorilla Technology Group Ordinary shares news (Ticker: GRRR), a resource for investors and traders seeking the latest updates and insights on Gorilla Technology Group Ordinary shares 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
News

Gorilla Technology Group and Lanner Electronics Inc. Forge Strategic Partnership to Develop AI-Enabled Cybersecurity Products in MENA Region

Rhea-AI Summary
Gorilla Technology Group Inc. partners with Lanner Electronics Inc. to develop AI-enabled cybersecurity products for MENA region, enhancing security solutions. The partnership aims to provide seamless integration, enhanced performance, cost-effectiveness, plug-and-play deployment, and forward-looking security posture. Gorilla's commitment to President El Sisi's Vision 2030 plan in Egypt showcases dedication to economic growth and technological advancement.
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Gorilla Announces $10 Million Registered Direct Offering of Convertible Preferred Stock

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Gorilla Technology Group Inc. announced a registered direct offering of 10,000 Series B convertible preference shares to existing institutional investors at $1,000 per share. Each share is convertible into ordinary shares at $1.10 per share. Additionally, investors will receive Series B warrants to purchase up to 8,250,000 ordinary shares at $1.50 per share, exercisable immediately and expiring in five years.
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Gorilla Technology Lands Groundbreaking Deal with Major Hospital Network in Thailand

Rhea-AI Summary
Gorilla Technology Group Inc. secures a bid for a Video Management System with Intelligent Video Analytics Solution at Rama Hospital in Thailand, marking a significant advancement in healthcare innovation. The partnership aims to enhance patient care, safety, and operational workflows through real-time insights and advanced security measures.
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Gorilla Technology Expands Middle East and Northern Africa Operations as Part of Global Expansion Strategy

Rhea-AI Summary
Gorilla Technology Group Inc. announced the opening of a new office in Cairo, Egypt, as part of its expansion strategy in the Middle East and North Africa (MENA) region. The company is investing up to $100 million in the regional distribution company to support its growth and digital transformation initiatives. Gorilla is also diversifying its solution portfolio to include Smart City technologies, Networking, Video Surveillance, Cybersecurity, and IoT solutions tailored to various sectors, such as Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education. The CEO, Jay Chandan, emphasized the company's commitment to transforming Egypt and the entire MENA region, positioning itself as a catalyst for innovative transformation. Gorilla will have a significant presence at the Egyptian Chapter of the Cybersecurity Series and Digital First Qatar, with key executives participating in speeches, panel discussions, and networking opportunities to strengthen its position as a leading Smart City solutions provider in the region and beyond.
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Gorilla Technology Group Reports Results Through Third Quarter 2023

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Gorilla Technology Group Inc. reported a significant surge in Q3 revenues, with a 441% increase in sales, achieving a discounted run rate revenue of $88 million. The company's high-value product-driven and services business model reflected in a 76.5% gross margin, showcasing a remarkable improvement in profitability compared to the previous year. The adjusted EBITDA experienced an outstanding 431% YoY increase, reaching $13.4 million. With a solid sales pipeline over $1 billion, Gorilla is on track to achieve at least $90 million of revenue in 2024 and become cash flow positive.
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Gorilla Technology Group’s AI Solution Assists London’s Metropolitan Police Secure Successful Convictions in Complex Homicide Investigation

Rhea-AI Summary
Gorilla Technology Group Inc. (NASDAQ: GRRR) successfully applies its Smart Policing Solution to assist the London's Metropolitan Police Service in a recent murder case. The AI-based edge video analytics system expedites the comprehensive analysis of extensive video footage, identifying, categorizing, and reconstructing events with precision.
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Gorilla Expands Global Presence with New Distribution Company in Egypt and Commits to Invest Up to $100 Million to Support Regional Growth

Rhea-AI Summary
Gorilla Technology Group Inc. (NASDAQ: GRRR) announces the establishment of Gorilla Distribution Partners in Egypt, with a commitment to invest up to $100 million in the region. The new distribution company aims to streamline operations and support customers in Egypt and the broader Middle East region, reflecting Gorilla's dedication to meeting the growing demand for leading IT hardware & software solutions.
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Gorilla Technology Group Collaborates with Red Hat to Bring State-of-the-Art Cloud Infrastructure to Smart Government Security Convergence Solutions

Rhea-AI Summary
Gorilla Technology Group Inc. (Gorilla) (NASDAQ: GRRR) collaborates with Red Hat to revolutionize Smart Government Security Convergence solutions. The collaboration aims to leverage Red Hat OpenShift Virtualization to provide scalable and flexible infrastructure for government servers, cloud integration, and containerized security. Dr. Rajesh Natarajan, Chief Innovation Officer of Gorilla Technology, emphasizes the collaboration's significance in enhancing security capabilities and driving business value. Key features of the solutions include virtualization, cloud integration, and containerized security, enabling government agencies to optimize resource utilization, enhance agility and efficiency, and minimize the potential impact of cyber threats.
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Gorilla Technology Group Announces Business Update

Rhea-AI Summary
Gorilla Technology Group Inc. (NASDAQ: GRRR) reports strong operational and financial progress, including $25 million in milestone payments, top-line growth, cost optimization, and global sales pipeline expansion.
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Gorilla Technology Group Announces Strategic Partnership with GST Egypt to Provide Networking Capabilities and Manufacturing Facilities in MENA

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Gorilla Technology Group Inc. announces strategic partnership with GST Egypt, bringing innovative solutions to MENA region
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FAQ

What is the current stock price of Gorilla Technology Group Ordinary shares (GRRR)?

The current stock price of Gorilla Technology Group Ordinary shares (GRRR) is $13.37 as of December 20, 2024.

What is the market cap of Gorilla Technology Group Ordinary shares (GRRR)?

The market cap of Gorilla Technology Group Ordinary shares (GRRR) is approximately 146.4M.

What does Gorilla Technology Group Inc. specialize in?

Gorilla Technology specializes in video intelligence, IoT security, edge AI data analytics, and operational technology (OT) security.

When was Gorilla Technology Group Inc. established?

Gorilla Technology Group Inc. was established in 2000.

What are the main segments of Gorilla Technology Group Inc.?

The main segments are Video IoT and Security Convergence and Other Segments.

What are some applications of Gorilla Technology’s solutions?

Their solutions are used in smart retail, enterprise surveillance, city security, and broadcast media.

What is unique about Gorilla Technology’s VEMO technology?

VEMO technology uses deep learning algorithms to automate digital stream processing and provide comprehensive video analytics.

What recent innovations has Gorilla Technology introduced?

Gorilla has recently introduced security convergence devices aimed at enhancing cybersecurity.

Who can benefit from Gorilla Technology’s products and services?

Managed service providers, distributors, system integrators, and hardware manufacturers can benefit from their edge AI solutions.

How does Gorilla Technology ensure quality in its offerings?

Gorilla emphasizes leading technology, expert service, and precise delivery to ensure top-quality solutions.

Where can I find more information about Gorilla Technology Group Inc.?

More information is available on their website at https://www.gorilla-technology.com.

How can I contact investor relations for Gorilla Technology?

You can contact investor relations through Cody Fletcher at The Blueshirt Group, +1 (434) 251-7165, or email gorilla@blueshirtgroup.co.

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Gorilla Technology Group Inc. Ordinary shares

Nasdaq:GRRR

GRRR Rankings

#4128 Ranked by Market Cap
N/A Ranked by Dividends

GRRR Stock Data

146.42M
10.49M
10.11%
7.24%
6.42%
Software - Infrastructure
Technology
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United States of America
London