Guardforce AI Expands Contracts with Two Major Retail Customers

Core Insights - Guardforce AI is expanding its service offerings and enhancing client relationships, showcasing its competitiveness in the security and AI sectors [1][6] - Beijing Wanjia has significantly increased its business footprint, now managing over 120,000 video security channels and serving nearly 20,000 retail stores across the Asia Pacific region [3][8] Business Expansion - Beijing Wanjia has added security alarm system services for a flagship health and beauty brand, increasing its total security alarm system operations to over 12,000 stores, marking a 50% increase from the end of 2023 [3] - The company has also secured a contract with a well-known international coffeehouse chain, extending security services to all its stores and planning installations for nearly 1,000 additional stores over the next two years [9] Service Offerings - The company is broadening its offerings to include customized smart retail solutions, leveraging AI and data analysis to improve operational efficiency and loss prevention for retail clients [4][5] - Beijing Wanjia's smart retail analysis mode utilizes customer flow, demographics, and transaction data to enhance store security and customer service [4][5] Company Background - Established in 1996, Beijing Wanjia specializes in retail-focused security solutions, including CCTV and security alarm operations, and is advancing its capabilities with AI and data analysis [5] - Guardforce AI, founded in 1982, has transitioned towards becoming a total AI solution provider while maintaining a strong presence in the Asia Pacific region and expanding into the U.S. market [6]