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 enhances its operational footprint in the region [1][3] - The company aims to upgrade its facilities without additional investments, validating its service standards and expanding its ability to serve retail customers more effectively [3] - With the addition of the Chiangmai CCC, Guardforce AI will manage five CCCs, accounting for 50% of the Bank of Thailand's CCCs, covering 44 out of 77 provinces and approximately 1,900 ATMs [5] Company Overview - Guardforce AI is an integrated solution provider focusing on security solutions since 1982 and AI & robotic solutions since 2020, with a strong presence in the Asia Pacific region and expansion into the U.S. [6] - The company has a long-term customer base and robust sales channels, positioning itself as a total AI solution provider [6] Retail Expansion - As of May 2024, Guardforce AI serves approximately 7,000 retail locations in Thailand, with growth driven by increasing tourism and new retail store openings [8]