"Our longstanding client relationships and ability to expand service offerings validate our competitiveness and the trust our clients place in us," said Lei (Olivia) Wang, Chairwoman and Chief Executive Officer of Guardforce AI. "Currently, Beijing Wanjia manages over 120,000 video security channels nationwide, showcasing our robust capabilities in software development and operations. Additionally, outside of Mainland China, we provide services to approximately 7,000 retail stores in Thailand, which are als ...

Core Insights - Guardforce AI's subsidiary, Beijing Wanjia Security System Limited, has significantly expanded its contracts with two long-term retail clients, enhancing its service offerings and business footprint across nearly 20,000 retail stores in the Asia Pacific region [2][8]. Group 1: Company Overview - Beijing Wanjia Security System Limited, established in 1996, focuses on retail solutions, including smart retail solutions, CCTV, and security alarm operations [1]. - The company has integrated advanced technology in data cleaning and model building to improve retail operational efficiency and loss prevention systems [1]. - Currently, Beijing Wanjia operates in over 600 cities in China, serving a diverse client base [1]. Group 2: Business Expansion - The first client, a health and beauty brand, has added security alarm services for approximately 3,900 stores, increasing Beijing Wanjia's total security alarm operations to over 12,000 stores, marking a 50% increase from the end of 2023 [12]. - The second client, an international coffeehouse chain, has extended security alarm services to all its stores for two years and plans to install systems in nearly 1,000 stores nationwide [7][12]. - Beijing Wanjia currently manages over 120,000 video security channels across China, showcasing its capabilities in software development and operations [8]. Group 3: Technological Advancements - The company is enhancing its smart retail solutions by implementing AI and advanced data analysis, which significantly improves loss prevention efforts by analyzing customer flow, demographics, and behavior [3][8]. - Guardforce AI aims to further integrate robotics and AI into its retail offerings, aligning with its continuous development strategy [8].

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New York, NY, June 25, 2024 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited ("Guardforce AI" or the "Company") (NASDAQ: GFAI, GFAIW), an integrated security, AI and Robot-as-a-Service (RaaS) provider, today announced Guardforce Cash Solutions Security (Thailand) Company ("GFCS"), a subsidiary of Guardforce AI, has successfully secured a 5-year contract to operate Consolidated Cash Center ("CCC") in Chiangmai on behalf of the Bank of Thailand ("BOT"), commencing at the end of 2024. About Guardforce AI Co., Lt ...

New York, NY, June 25, 2024 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited ("Guardforce AI" or the "Company") (NASDAQ: GFAI, GFAIW), an integrated security, AI and Robot-as-a-Service (RaaS) provider, today announced Guardforce Cash Solutions Security (Thailand) Company ("GFCS"), a subsidiary of Guardforce AI, has successfully secured a 5-year contract to operate Consolidated Cash Center ("CCC") in Chiangmai on behalf of the Bank of Thailand ("BOT"), commencing at the end of 2024. Prior to winning the contra ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and onl ...

Hosting Product Launch Event on May 17th, 2024 in Bangkok, Thailand NEW YORK, NY , May 15, 2024 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited ("Guardforce AI" or the "Company") (NASDAQ:GFAI, GFAIW))), an integrated security provider specializing in secured logistics, Artificial Intelligence (AI) and Robot-as-a-Service (RaaS), today announced the launch of the "LinguaBot" solution in Thailand through a strategic partnership and collaboration with iApp Technology Co., Ltd ("iApp"), a leading Thailand based t ...

Guardforce AI Reports Record Revenue of $36.3 Million for 2023 Gross profit increased 43% over the prior year Reports significant advancement in robotic service and AI capabilities expected to enhance market leadership and propel growth NEW YORK, NY / April 29, 2024 / Guardforce AI Co., Limited ("Guardforce AI" or the "Company") (NASDAQ: GFAI, GFAIW), an integrated security, AI and Robot-as-a-Service (RaaS) provider, today announced financial results and provided a business update for the year ended Decembe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Gross profit increased 43% over the prior year Reports significant advancement in robotic service and AI capabilities expected to enhance market leadership and propel growth NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited ("Guardforce AI" or the "Company") (NASDAQ:GFAI, GFAIW))), an integrated security, AI and Robot-as-a-Service (RaaS) provider, today announced financial results and provided a business update for the year ended December 31, 2023. Lei (Olivia) Wang, Chairwoman and Chi ...