S&P Global Market Intelligence Initiates Coverage of Gorilla Technology in 451 Research Report

Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and security convergence, today announced the commencement of coverage by Smart Cities and IoT Analyst Zoe Roth and Information Security Analyst Megan Goodwin of 451 Research, which is part of S&P Global Market Intelligence.

"Both Zoe and Megan have strong reputations and are recognized for delivering informed and insightful perspectives in the industry of IoT-enabled deployments in smart cities and information security,” said Jay Chandan, Chairman & CEO of Gorilla Technology. “Gorilla's commitment to innovation and excellence has propelled it to the forefront of AI and security convergence sectors. This coverage initiation underscores the company's dedication to transparency, education, and sharing its journey with stakeholders, analysts, partners, and the wider community.”

About Gorilla Technology Group Inc.

"Empowering Your Tomorrow"

Gorilla, headquartered in London U.K., is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. Gorilla provides 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.

The Company’s vision is to empower a connected tomorrow through innovative and transformative technologies. Gorilla envisions a world where seamless connectivity transcends boundaries, enriching lives, industries, and societies.

Gorilla’s commitment is to lead the way in pioneering cutting-edge solutions that bridge gaps, foster collaboration and inspire progress. By relentlessly pushing the boundaries of technology, the Company aims to create an ecosystem where individuals, businesses and communities thrive in an era of digital empowerment.

Through continuous innovation, ethical practices and a steadfast dedication to quality, Gorilla strives to shape a future where every interaction, transaction, and experience is enhanced by the power of technology.

For more information go to 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. 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) [e-mail]

Investor Relations Contacts:Gary DvorchakThe Blueshirt Group for Gorilla+1 (323) [e-mail]

Scott McCabeThe Blueshirt Group for Gorilla+1 (917) [e-mail]