Guardforce AI Secures 5-Year Contract to Operate Consolidated Cash Center in Thailand, Enhancing Comprehensive Service Capabilities Along with AI Solutions for Retail Clients
June 25 2024 - 7:00AM
Guardforce AI Co., Limited (“Guardforce AI” or the “Company”)
(NASDAQ: GFAI, GFAIW), an integrated security, AI and
Robot-as-a-Service (RaaS) provider, today announced Guardforce Cash
Solutions Security (Thailand) Company (“GFCS”), a subsidiary of
Guardforce AI, has successfully secured a 5-year contract to
operate Consolidated Cash Center (“CCC”) in Chiangmai on behalf of
the Bank of Thailand (“BOT”), commencing at the end of 2024.
Prior to winning the contract in Chiangmai, GFCS
had already secured multiple 5-year contracts to operate CCCs in
Ubonratchathani, Phitsanulok, Hadyai, and Khon Kaen over the past
three years. With the addition of Chiangmai CCC, GFCS will become
the largest CCC operator on behalf of BOT, managing five CCCs in
total, which accounts for 50% of BOT's CCCs. Through the five CCCs,
the service range covers 44 out of 77 provinces and approximately
1,900 ATMs, spanning from the north and northeast to the far south
of the country.
Lei (Olivia) Wang, Chairwoman and Chief
Executive Officer at Guardforce AI, commented, “Managing the CCCs
on behalf of the BOT not only consolidates our operations in these
regions but also allows us to upgrade our facilities without
additional investments. Securing this contract not only provides
validation for our high service standards for security and
operational efficiency, but it also expands our ability to serve
retail customers more effectively. Furthermore, our robust service
foundation and diverse offerings align seamlessly with our AI and
robotics solutions, enabling us to deliver more comprehensive and
integrated services to our retail clients.”
As a strategic goal for 2024, Guardforce AI has
been actively expanding its retail base in Thailand. At the end of
May 2024, Guardforce AI served approximately 7,000 retail locations
nationwide, many of which have been long-term customers. This
number continues to grow alongside increasing tourism and the
opening of new retail stores.
About Guardforce AI Co., Ltd.
Guardforce AI Co., Limited (NASDAQ: GFAI/GFAIW)
is a global integrated solution provider, focusing on security
solutions (since 1982) and AI & robotic solutions (since 2020).
Drawing upon its extensive experience in the security industry,
spanning over 41 years, along with an established premiere
long-term customer base, and robust sales channels, Guardforce AI
has embarked on a transformative journey towards becoming a total
AI solution provider. While firmly rooted in the Asia Pacific
region, Guardforce AI also expanded its global presence in the U.S.
For more information, visit www.guardforceai.com
Twitter: @Guardforceai
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Investor Relations: David Waldman or Natalya
RudmanCrescendo Communications, LLCEmail: gfai@crescendo-ir.com
Tel: 212-671-1020
Guardforce AI Corporate CommunicationsHu
YuEmail: yu.hu@guardforceai.com
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