Guardforce AI Secures Long-Term Partnership and Revenue Base Through 3-year, Multi-Million Dollar Contracts with Government Savings Bank in Thailand

Core Viewpoint - Guardforce AI has renewed significant contracts with the Government Savings Bank in Thailand, reinforcing its position as a leading provider of secured logistics and cash management services in the region [1][3]. Group 1: Contract Details - Guardforce Cash Solutions Security has secured two multi-million-dollar contracts for cash center operations and secured logistics services for coins, each lasting three years [2]. - The renewed agreements will support over 1,000 branches of the Government Savings Bank, which represents more than 95% of its nationwide network [2]. Group 2: Company Position and Future Outlook - The renewal of contracts highlights the long-standing relationship between Guardforce AI and the Government Savings Bank, validating the company's status as Thailand's premier secured logistics provider [3]. - The ongoing trust from a government-backed institution is expected to provide a stable revenue stream, supporting future growth and innovation initiatives for the company [3]. - As Thailand's economy continues to grow, the company is well-positioned to meet the increasing demand from clients [3]. Group 3: Company Overview - Guardforce AI Co., Limited specializes in integrated security solutions, focusing on AI and robotics to enhance operational efficiency, particularly in the retail and travel sectors across the Asia Pacific [4]. - With 42 years of operational experience and a strong customer base, the company aims to elevate tailored AI solutions and expand its global presence [4].