Guardforce AI Secures 5-Year Contract to Operate Consolidated Cash Center in Thailand, Enhancing Comprehensive Service Capabilities Along with AI Solutions for Retail Clients

Core Insights - Guardforce AI has secured a 5-year contract to operate the Consolidated Cash Center in Chiangmai for the Bank of Thailand, starting at the end of 2024, which will enhance its position in the market [1][2] - With this new contract, Guardforce AI's subsidiary, GFCS, will manage a total of five CCCs, representing 50% of the Bank of Thailand's CCCs, covering 44 out of 77 provinces and approximately 1,900 ATMs [2] - The company aims to expand its retail base in Thailand, currently serving around 7,000 retail locations, with growth driven by increasing tourism and new retail openings [3] Company Overview - Guardforce AI Co., Limited is an integrated security and AI solutions provider, with a history in security solutions since 1982 and AI & robotic solutions since 2020 [4] - The company has a strong customer base and sales channels, positioning itself as a total AI solution provider while expanding its global presence, particularly in the U.S. [4]