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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gorilla Technology Group Inc | NASDAQ:GRRR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.30 | 5.10% | 6.18 | 5.97 | 6.18 | 6.1021 | 5.72 | 5.83 | 147,293 | 00:55:38 |
“We're extremely excited to execute the contract and officially embark on what we expect to be a long-term relationship with the Government of Egypt,” said Gorilla CEO Jay Chandan. “This is the largest project we have ever won and, inclusive of our recent win in Taiwan, we have now secured $300 million worth of projects this quarter. We could not be more excited by our momentum and future. The execution of this contract affirms our standing as a reliable global solutions provider, particularly when the MENA region governments are actively seeking innovative partners to support their crucial transformation from conventional systems to digital technologies and underpins future growth opportunities more broadly in the region and across the globe.”
“I am thrilled with this groundbreaking contract. This partnership marks a significant milestone in our mission to create a secure and connected governance ecosystem,” said Gorilla’s Chief Innovation Officer Dr Rajesh Natarajan. “By integrating cutting-edge technologies such as AI, IoT and data analytics, we are poised to revolutionize the way governments safeguard their critical assets. This collaboration reaffirms our commitment to delivering innovative solutions that empower governments to proactively address emerging security challenges. Together, we will build a resilient and future-ready security framework, setting standards for safety and governance in the digital age.”
The key objective of the smart government security convergence solution is to improve the efficiency and effectiveness of security operations while enabling better decision-making, proactive threat detection, and quick response to emerging risks.
The system includes:
The implementation of these advanced technologies and systems within the smart government security convergence project aims to create a highly secure and interconnected air-gapped environment. It facilitates proactive threat detection, timely incident response, and effective resource allocation, enabling governments to protect their critical infrastructure.
“We deeply appreciate the trust placed in our team, products, and solutions by the Egyptian Government. This achievement is a testament to the tireless efforts of representatives of the Government of Egypt and all at Gorilla. The sheer scale is unique, propelling us closer to our vision of being acknowledged as a global platform-as-a-service provider and a catalyst for innovation,” Chandan added.
About Gorilla Technology Group Inc.Gorilla, headquartered in London U.K., is a global solution provider in security intelligence, network intelligence, business intelligence and IoT technology. Gorilla develops a wide range of solutions including Smart Cities, Smart Retail, Enterprise Security, and Smart Media. In addition, Gorilla provides a complete Security Convergence Platform to government institutions, telecom companies and private enterprises with network surveillance and cyber security.
Gorilla places an emphasis on offering leading technology, expert service, and precise delivery, and ensuring top-of-the-line, intelligent and strong edge AI solutions that enable clients to improve operational performance and efficiency. With continuous core technology development, Gorilla will deliver edge AI solutions to managed service providers, distributors, system integrators, and hardware manufacturers. For more information, please visit our website: Gorilla-Technology.com.
Forward-Looking StatementsThis 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. These forward-looking statements include, without limitation, statements referencing Gorilla’s contract with the Government of Egypt, the development of the market for smart-government security products and the effects of integrating smart government security products. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors, including those described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2023, and those that are included in any of Gorilla’s future filings with the SEC, 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.
Media Contact:Jeff FoxThe Blueshirt Group for Gorilla+1 (415) 828-8298jeff@blueshirtgroup.com
Investor Relations Contact:Gary DvorchakThe Blueshirt Group for Gorilla+1 (323) 240-5796gary@blueshirtgroup.com
Scott McCabeThe Blueshirt Group for Gorilla+1 (917) 434-3275scott@blueshirtgroup.com
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