Gorilla Technology Group Inc

Gorilla Technology Group, Inc. engages in providing information, software and data processing services. The firm operates through the following segments: Security Convergence, Video Internet of Things (IoT), and Other. It offers its software services to commercial, industrial, municipal and government officers to securely move, store and analyze data for use in biometric authentication, account management, device management, business intelligence, and other applications. The company was founded in 2021 and is headquartered in Neihu, Taiwan.

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Gorilla Technology Group, Inc. engages in the provision of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology security solutions and services in Asia Pacific. It operates through the following segments: Video IoT, Security Convergence, and Other. The company was founded by Spincer Koh in May 2001 and is headquartered in London, the United Kingdom.

LONDON, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global provider of Smart Country AI, IoT technologies, and Cybersecurity, today announced a strategic partnership with GST Egypt, a leading solutions provider of Industrial Automation. They bring with them over 20 years of experience and success in the Egyptian and Middle Eastern markets, particularly in the field of securing data, automatic control, industrial computers, embedded systems, industrial network supplies, and control units and providing smart and integrated solutions for information technology, industrial computer systems, and command-control systems.

Gorilla Technology Group Announces Strategic Partnership with GST Egypt to Provide Networking Capabilities and Manufacturing Facilities in MENA

LONDON, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 25,000 Series A convertible preference shares (the “Series A preference shares”) at a purchase price of $1,000 per share pursuant to a registered direct offering, resulting in total gross proceeds of approximately $25 million before deducting placement agent commissions and other estimated offering expenses. Each Series A preference share is convertible into ordinary shares of Gorilla at a conversion price of $1.25 per share. Along with the Series A preference shares, Gorilla further agreed to issue to the investors Series A ordinary share purchase warrants (the “Series A warrants”) to purchase up to an aggregate of 20,000,000 ordinary shares of Gorilla. The Series A warrants will have an exercise price of $1.50, will be exercisable immediately and will expire five years from the date of issuance. The closing of the offering is expected to occur on or about September 22, 2023, subject to the satisfaction of customary closing conditions.

Gorilla Announces $25 Million Registered Direct Offering of Convertible Preferred Stock

Gorilla Technology Group is a player in the fields of Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology. The company has experienced a significant decline in its stock price and financial performance, but there is potential for growth. Gorilla has built a strong pipeline of contracts and partnerships, which are not yet reflected in the financials, and management guidance suggests positive cash flow in 2024.

Gorilla Technology Group Is An Untapped Opportunity

Partnership creates opportunities to further expand Gorilla's global footprint to LATAM Partnership creates opportunities to further expand Gorilla's global footprint to LATAM

Gorilla Technology Group Partners with Latin-American Security and Defense Solutions Provider Protactics

LONDON, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and security convergence, today announced the commencement of coverage by Smart Cities and IoT Analyst Zoe Roth and Information Security Analyst Megan Goodwin of 451 Research, which is part of S&P Global Market Intelligence.

S&P Global Market Intelligence Initiates Coverage of Gorilla Technology in 451 Research Report

LONDON, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, with the receipt of the advance payment from Government of Egypt, announced the official commencement of its ground-breaking project that will provide the Government of Egypt with a Smart Government Security Convergence solution. The project is a significant step forward for the country and will contribute to Egypt's Vision 2030 objectives.

Gorilla Technology Commences Smart Government Project in Egypt, Marking A New Era in AI Innovation

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Gorilla Technology Group announced it has signed and commenced a multi-year 5G Telecon and Network security project to enhance criminal investigations with a major law enforcement agency in Taiwan, sending its shares almost 13% higher.   The provider of AI-based edge video analytics, IoT technologies and cybersecurity said this is among the first 5G security projects of its kind in the world to be implemented, and the first in Taiwan.

Gorilla Technology shares surge on initiation of 5G security project for Taiwan law enforcement agency

--Multiyear Contract Signed to Provide One of the World's First 5G Smart Law Enforcement Solutions-- --Project Worth USD$20.8M was Awarded in June; to be Completed by 2025--

Gorilla Technology Group Completes Contract Signing and Commences Project to Provide 5G Telecom and Network Investigation Solution to Major Taiwanese Law Enforcement Agency

LONDON, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it has filed a universal shelf registration statement on Form F-3 with the United States Securities and Exchange Commission (“SEC”). The filing enhances the company's financial maneuverability, enabling greater access to the capital markets to fund Gorilla's growth.

Gorilla Technology Files Universal Shelf Registration Statement on Form F-3

– Year-on-year growth in fiscal 2023 will be nearly 300% in constant currency – – Booked sales exceeded internal target of $41 million, standing at $272 million (a 563% increase) – – Revenue guidance of $65 million for 2023 and $90 million for 2024 – – Improved Visibility with Revenue Contracted Through 2026 – – 49.4% Gross Margin Affirms Success in Improving Quality of Customer Base – LONDON, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today reported its unaudited financial results for the six months ended June 30, 2023. Highlights Booked sales exceeded internal target of $41 million, standing at $272 million, a 563% increase Evolved from a Project centric business to a Product & Services Business, as demonstrated by multi-hundred-million-dollar contract for Government of Egypt Implemented financial and operational discipline by transitioning out of marginal or unprofitable projects Will implement Smart Government Security Convergence solution for the Government of Egypt Largest contract in company history, with total revenues of $270 million over three years Aggressive actions to safeguard shareholders from illegal stock manipulation Recorded gross margin of 49.4%, a significant increase from the previous year's margin of 33.1%, standing as compelling evidence of a successful transformation to position the company for sustainable and profitable growth at scale Operating expense decreased by $1.9 million compared with the prior year 2023 and 2024 revenue guidance at $65 million and $90 million, respectively Gorilla Chief Executive Officer Jay Chandan commented, “Just after quarter-end we announced a transformational contract with the Government of Egypt, in which we will implement a Smart Government Security Convergence solution.

Gorilla Technology Group Reports First Half 2023 Financial Results

Gorilla Technology (NASDAQ: GRRR ) stock is rising higher on Tuesday after the company revealed plans to take on illegal short sellers. According to a press release from Gorilla Technology, the company has hired Global Economics Group to help it tackle illegal short sellers.

GRRR Stock Alert: Gorilla Technology Targets Illegal Short Selling

-- Investigation Has Uncovered Evidence of Illegal Trading Activity-- --Taking Aggressive Action to Safeguard Shareholder Interests-- LONDON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today addressed the price volatility in trading of its stock, which the company suspects is due in large part to illegal manipulation.

Gorilla Technology Group Hires Global Economics Group for Due Diligence, Advancing in Battle Against Illegal Short Selling; Takes Aggressive Action to Defend Stock from Manipulation

LONDON, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that the company's first half 2023 financial results will be released after the U.S. financial markets close on Wednesday, August 9, 2023.

Gorilla Technology to Announce First Half 2023 Results and Host Conference Call

Gorilla Technology (NASDAQ: GRRR ) stock is on the rise Thursday after the AI-based edge video analytics, IoT, and cybersecurity company announced a partnership. According to a press release from Gorilla Technology, the company has reached a strategic agreement with British Telecom (OTCMKTS: BTGOF ).

Why Is Gorilla Technology (GRRR) Stock Up 10% Today?

-- Video Analytics Suite for Container Identification and Damage Detection -- -- Innovation deployed at the Port of Tyne in UK -- LONDON, July 20, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced a strategic relationship with British Telecom (BT) to deliver an innovative Container Identification and Container Damage Detection solution. This groundbreaking collaboration, which is being actively deployed and tested at the Port of Tyne in Northern England, combines Gorilla's expertise in video analytics with BT's extensive network infrastructure, enabling a comprehensive solution that addresses the critical needs of the logistics industry.

Gorilla Technology Enters Strategic Relationship with British Telecom for AI-Powered Innovative Smart Port Solution

Gorilla Technology Group NASDAQ: GRRR shares experienced a remarkable surge higher on Friday, with the stock soaring by 124% following breaking news. The company secured a significant contract for a massive smart government project in Egypt.

Gorilla Technology Skyrockets 124% On Smart Government Contract

One of today's big movers is little-known Gorilla Technology (NASDAQ: GRRR ). Shares of GRRR stock have absolutely skyrocketed in today's session, moving from a close of $2.09 per share yesterday to as high as $5.79 in today's session.

5 Investors Betting Big on Gorilla Technology (GRRR) Stock

Gorilla Technology shares took off after the company on Thursday evening announced it has signed a three-year $270 million contract with the Government of Egypt to deploy a Smart Government Security Convergence Solution. London-based Gorilla is a provider of artificial intelligence (AI)-based edge video analytics, IoT technologies, and cybersecurity solutions.

Gorilla Technology surges as $270M contract with Egypt government positions company for profitability

Gorilla Tech (NASDAQ: GRRR ) stock is rocketing higher on Friday after the company announced a massive government contract in Egypt. That contract will have it working for the Government of Egypt to create a Smart Government Security Convergence solution.

Why Is Gorilla Tech (GRRR) Stock Up 83% Today?

–Will implement government security convergence solution in Egypt– –Largest contract in company history– –Tangible success in globalization strategy–

Gorilla Technology Signs Contract to Deploy Massive Smart Government Project in Egypt

--Multiyear Contract is Significant Milestone in Taiwanese Safe City Market----5G Telecom and Network Investigation Solution for Law Enforcement Agency in Taiwan----Project Successfully Awarded Thanks to Taipei Global Innovation Center-- LONDON, June 27, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it has been awarded a multiyear, multi-million 5G Telecom and Network security project with a major law enforcement agency in Taiwan to enhance criminal investigations for a safe city.

Gorilla Technology Group Wins Multi-Million Dollar 5G Telecom and Network Investigation Project with Taiwanese Law Enforcement Agency

--Bolsters global expansion strategy-- --Entry point to provide Smart City solutions in Thailand-- LONDON, June 12, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it agreed to binding terms to acquire Bacom Internetwork, a leading pioneer, distributor and systems integrator of Smart City Infrastructure solutions in Thailand. The planned transaction is expected to close by the end of September and is subject to confirmatory due diligence, finalizing transaction documentation, and obtaining necessary local regulatory approvals.

Gorilla Technology Group Signs Heads of Terms to Acquire Bacom Internetwork

LONDON, May 05, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced its participation in the following investor event:

Gorilla Technology Group to Participate in Upcoming Investor Event

Barring exercise of warrants, securities registered in F-1 will not cause dilution to existing holders of ordinary shares Barring exercise of warrants, securities registered in F-1 will not cause dilution to existing holders of ordinary shares

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