Core Viewpoint - Gorilla Technology Group Inc. has successfully closed a registered direct offering of 6,000,000 ordinary shares at an offering price of $17.50 per share, raising approximately $105 million in gross proceeds to support various corporate initiatives [1][2][10]. Group 1: Offering Details - The offering closed on July 2, 2025, and the gross proceeds are expected to be around $105 million before deducting fees and expenses [1][2]. - The offering was conducted under an effective shelf registration statement previously filed with the SEC [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital needs, including establishing performance guarantees, bid bonds, and statutory capital reserves for project bids [2][10]. - Additional uses include supporting business growth related to previously announced acquisitions and other general corporate purposes [2][10]. Group 3: Strategic Importance - The addition of an institutional balance sheet partner is viewed as a significant milestone for the company, reflecting investor confidence and positioning the company to accelerate its project pipeline [3]. - The offering was led by a $100 million investment from a new institutional investor, with participation from a large existing shareholder [10]. Group 4: Company Overview - Gorilla Technology Group Inc. is a global solution provider specializing in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, with a focus on enhancing urban operations and security through AI and deep learning technologies [6][7]. - The company offers a range of solutions across various sectors, including government, manufacturing, telecom, retail, transportation, healthcare, and education [6].

Core Insights - Allegion plc (ALLE) has completed the acquisition of ELATEC for €330 million (approximately $379.1 million) on a cash and debt-free basis [1][8] - ELATEC specializes in security and access technology, particularly in RFID credentials and reader solutions, with a portfolio supporting nearly 100 credential types [2] - The acquisition aligns with ALLE's strategy to expand its market share and customer base, particularly in non-residential markets such as education, healthcare, hospitality, and industrial sectors [3][8] Acquisition Details - ELATEC will be integrated into the Allegion International segment, led by senior vice president Tim Eckersley [4] - The company anticipates that ELATEC will generate net sales of approximately €60-€65 million (approximately $69-$75 million) in 2026 and positively impact adjusted earnings per share in the same year [4][8] Previous Acquisitions - In June 2025, ALLE acquired Novas to enhance its door hardware portfolio, which has been incorporated into the Allegion International segment [5] - ALLE also acquired Trimco Hardware in April 2025, boosting its door and frame portfolio within the Allegion Americas segment [5] - Other acquisitions include Lemaar Pty Ltd in March 2025 and Next Door Company in February 2025, both aimed at enhancing ALLE's security and accessibility offerings [6] Market Performance - Allegion is experiencing growth in the Allegion Americas segment, driven by increased demand for non-residential products across various end markets [7] - The company currently holds a Zacks Rank 2 (Buy) and has seen its stock gain 13% year-to-date, outperforming the industry growth of 7.7% [7]

Core Insights - Liberty Defense Holdings Ltd. has established a new Strategic Advisory Board to enhance its focus on scaling AI-based detection solutions for concealed weapons and threats [1] - The board includes Thomas Monheim, a former Inspector General for the US Intelligence Community, who brings over three decades of experience in national security [2][4] - The company aims to improve security detection in various high-traffic areas, including airports, schools, and public venues, leveraging advanced technologies [5] Company Overview - Liberty Defense specializes in multi-technology security solutions for concealed weapons detection, particularly in high-volume foot traffic areas [5] - The company has secured an exclusive license for its HEXWAVE product from the Massachusetts Institute of Technology (MIT), which utilizes active 3D radar imaging technology [5] - Liberty has also licensed millimeter wave-based High-Definition Advanced Imaging Technology (HD-AIT) body scanners and shoe scanners to enhance its technology portfolio [5] Leadership and Expertise - Thomas Monheim has held significant roles in various government agencies, including the National Geospatial-Intelligence Agency and the Department of Justice, and has received multiple distinguished service awards [2][4] - His appointment is expected to provide strategic vision and leadership to Liberty Defense as it seeks to enhance security measures [4]

Core Insights - Xtract One Technologies' SmartGateway has been selected by San Mateo Medical Center to enhance security and provide AI-powered weapon detection in compliance with California's new mandate for hospitals [1][2][3] Company Overview - Xtract One Technologies specializes in technology-driven threat detection and security solutions, utilizing AI to create unobtrusive weapons detection systems that improve safety while enhancing user experience [5] - The company aims to deliver seamless and secure experiences across various sectors, including healthcare, schools, and public venues [5] Industry Context - The deployment of SmartGateway comes in response to California's Assembly Bill (AB) 2975, which mandates hospitals to implement weapons detection screening policies at key entrances [2] - Healthcare facilities face unique challenges, with violent incidents occurring five times more frequently than in other industries, highlighting the need for effective security solutions [3] Technology Features - SmartGateway utilizes AI-powered sensors for fast, discreet, and reliable individual screening, allowing guests to be scanned for weapons without the need to empty pockets, thus optimizing the security experience [3] - The technology is designed to facilitate seamless passage through checkpoints, minimizing disruptions and enhancing the flow of movement within healthcare facilities [3] Client Commitment - San Mateo Medical Center emphasizes its commitment to creating a safe environment for patients and staff by adopting Xtract One's technology, which was selected after extensive testing of various systems [3][6]

Core Insights - Liberty Defense Holdings Ltd. has successfully demonstrated its HEXWAVE system for detecting concealed metallic and non-metallic threats with minimal false alarms, targeting courthouses and correctional facilities [1][3]. Technology Overview - HEXWAVE employs millimeter wave technology, advanced 3D imaging, and AI to identify concealed threats, including liquid, powder, and plastic explosives, as well as 3D-printed firearms and other contraband [2]. - The system is designed for rapid, automated screening through a contactless, high-throughput walkthrough portal [2]. Testing and Validation - The testing was conducted over three days at a major U.S. courthouse, showcasing HEXWAVE's ability to detect a wide range of concealed threats, including ceramic knives, detonators, tasers disguised as cell phones, and various explosives [3]. - The testing was overseen by Fitzgerald Technology Group, which praised HEXWAVE's capabilities in addressing evolving security threats [3]. Company Background - Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas, including airports, stadiums, and schools [4]. - The company has secured an exclusive license from the Massachusetts Institute of Technology (MIT) for its HEXWAVE product and has also licensed additional millimeter wave-based technologies [4].

Over-Allotment Option Exercised in Full THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) announces that it has closed its previously announced “bought deal” public offering (the “Offering”) conducted by Ventum Capital Markets (the “Underwriter”) ...

Core Insights - Cloudastructure, Inc. has been selected by a leading national property management firm to enhance security at a mixed-use community through its advanced AI Surveillance platform [1][2] - The property management firm is facing significant security challenges, including vehicle break-ins and unauthorized access, prompting the need for a comprehensive technology-driven solution [2] - Cloudastructure's AI-powered security platform is viewed as a foundational element for establishing new safety benchmarks across the property management firm's portfolio [3][4] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and offers a scalable cloud-based security platform featuring cloud video surveillance and proprietary AI/ML analytics [5] - The platform provides proactive, end-to-end security with a value proposition that includes contract-free, month-to-month pricing and 24/7 support [5] - Companies utilizing Cloudastructure's solutions can achieve up to a 75% lower Total Cost of Ownership compared to other systems [5]

Company Overview - Gorilla Technology Group Inc. is headquartered in London, U.K. and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [3] - The company offers a diverse range of solutions including Smart City, Network, Video, Security Convergence, and IoT across various sectors such as Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, utilizing AI and Deep Learning Technologies [3] Upcoming Financial Results - The company will hold a conference call on June 18th, 2025, at 4:30 p.m. Eastern time to discuss its financial results for the first quarter of fiscal year 2025, which ended on March 31, 2025 [1][2] - Financial results will be released in a press release prior to the call [1] Technological Expertise - Gorilla Technology specializes in enhancing urban operations, security, and resilience through innovative products that leverage AI for intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics, and advanced cybersecurity technologies [4] - The integration of these AI-driven technologies aims to empower Smart Cities, improving efficiency, safety, and cybersecurity measures, thereby enhancing the quality of life for residents [4]

SAN FRANCISCO, June 11, 2025 (GLOBE NEWSWIRE) -- Shares in Napco Security Technologies, Inc. (NASDAQ: NSSC) are trading down nearly 21% year-to-date, as the security technology company continues to face heightened scrutiny as it navigates both legal and operational challenges. Most recently, on May 5, 2025, Napco released its third-quarter financial results for fiscal year 2025, revealing mixed performance metrics amid an ongoing securities class action lawsuit that centers on its distribution practices and ...

Core Viewpoint - Xtract One Technologies Inc. reported a decrease in revenue for the third quarter of fiscal 2025 but maintains a strong backlog and positive outlook for future growth, driven by new product launches and significant orders [3][4]. Financial Performance - Consolidated revenue for the three months ended April 30, 2025, was $3.5 million, down from $4.7 million in the same period last year, attributed to delayed deployments [4][7]. - Gross profit for the quarter was $2.0 million, resulting in a gross profit margin of 57%, compared to a gross profit of $2.7 million and a margin of 58% in the prior-year period [4][7]. - Comprehensive loss for the quarter was $3.3 million, an increase from a loss of $2.7 million in the same period of fiscal 2024, reflecting reduced gross profit offset by lower operating costs [5][7]. Backlog and Orders - The total contractual backlog at the end of the third quarter was $15.4 million, up from $13.8 million in the prior-year period, excluding an additional $21.1 million of agreements pending installation [7]. - The company has $6.7 million in orders for its new Xtract One Gateway product, which is set to start shipping in July [3][7]. Operational Developments - Recent wins include contracts with the Colorado Rockies and an international entertainment giant, positioning the company favorably for the upcoming quarters [3][7]. - The company has conducted numerous demonstrations and trials across various sectors, including education, healthcare, and manufacturing [7]. Cash Flow and Financial Position - Cash and cash equivalents decreased to $1.9 million as of April 30, 2025, down from $8.6 million at the end of the previous fiscal year [16][17]. - The company reported a net loss of $8.4 million for the nine months ended April 30, 2025, compared to a loss of $8.7 million for the same period in 2024 [17].