Guardforce AI(US:GFAI) Globenewswire·2026-02-26 13:30Core Viewpoint - Guardforce AI Co., Limited has extended its partnership to provide smart retail solutions to a major global sportswear brand in Thailand, indicating a strong market presence and growth potential in the retail sector [1][2]. Group 1: Partnership and Deployment - The extended partnership positions Guardforce AI as a key technology partner in the client's national renovation plan, with the first batch of requests for smart retail solutions at five additional locations in 2026 and one more in 2027 [2]. - Previously, the company deployed similar solutions at two locations and installed AI camera systems across 13 additional stores in 2025 after a successful proof of concept [3]. Group 2: Smart Retail Solutions - Guardforce AI's smart retail solution combines AI-driven CCTV surveillance analytics and RFID-based inventory systems, enhancing operational efficiency for high-traffic retailers compared to traditional systems [4]. - The solutions aim to enhance store security, reduce theft, decrease inventory inaccuracies, minimize manual labor, optimize store layouts, correlate foot traffic with sales, and provide performance metrics across multiple locations [7]. Group 3: Future Growth Potential - The company believes that these smart solutions can be further deployed across many of the 5,000 retail stores it currently serves, which could generate substantial revenue and drive exponential growth compared to 2025 [4]. - The Chairwoman and CEO expressed optimism about announcing further developments in the company's smart retail solutions soon [4]. Group 4: Company Overview - Guardforce AI is an AI-driven technology company with a strong operational foundation in cash logistics and retail sectors, delivering next-generation smart solutions and AI applications [5]. - The company is expanding into new areas such as travel planning, showcasing its scalable AI capabilities to drive industry transformation [5].