Gorilla Technology Completes Purchase of 1.1 Million Shares, Accelerates Buyback Programme to Capitalise on Substantial Undervaluation

Core Viewpoint - Gorilla Technology Group Inc. has completed the purchase of over 1.1 million shares as part of its buyback program, believing its stock is substantially undervalued, supported by over $40 million in unrestricted cash [1][2]. Group 1: Business Strategy - The company is executing an aggressive expansion strategy across multiple regions and sectors, converting a strong pipeline of opportunities into a growing backlog for 2025, with recent contract wins in Taiwan and Colombia [2]. - Gorilla Technology is committed to maintaining robust margins and stable cash flow while focusing on aggressive growth in AI-powered cybersecurity and data intelligence [3]. Group 2: Financial Management - The company emphasizes cash generation from existing contracts and future opportunities, aiming to build a substantial war chest for growth and financial flexibility [3]. - Gorilla Technology is closely monitoring suspicious trading activity involving its shares and is prepared to act decisively to protect shareholder interests if illegal market manipulation is detected [4]. Group 3: Company Overview - Headquartered in London, Gorilla Technology is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, offering solutions across various sectors including Government, Manufacturing, Telecom, and Healthcare [5]. - The company leverages AI and Deep Learning Technologies to enhance urban operations, security, and resilience, focusing on intelligent video surveillance, facial recognition, and advanced cybersecurity technologies [5].