Guardforce AI Co., Limited (“Guardforce AI”), a leading integrated security provider with expertise in secured logistics, Artificial Intelligence (AI), and Robot-as-a-Service (RaaS), has recently made a significant announcement. The company, listed on NASDAQ under GFAI and GFAIW, disclosed that its subsidiary, Guardforce Cash Solutions Security (Thailand) Company Limited (“GFCS”), has successfully secured a two-year contract extension with a valued client. This contract encompasses Guardforce AI’s comprehensive cash management solutions, solidifying the company’s prominent position in Thailand’s security sector.
The renewed contract for the end-to-end cash management solution includes several key components, such as the Guardforce Digital Machine (“GDM”), Cash-in-Transit (“CIT”) services, Cash Processing Centre operations, and Change Fund services across four strategic locations in Bangkok, Thailand.
One notable addition to this renewed contract is the implementation of the Guardforce Digital Machine (GDM). This innovative service contributes significantly to the safety of the client’s cash assets by introducing a robust security system designed to thwart potential fraud or theft attempts. Moreover, GDM plays a pivotal role in streamlining work processes, enhancing operational efficiency, and reducing the likelihood of cash counting errors. By automating cash counting tasks, GDM eliminates the need for manual counting by staff, thereby ensuring greater accuracy and reliability. Additionally, the client gains the ability to generate revenue reports conveniently and promptly from any location.
Kee Yun (Tommy) Kwan, Chief Operating Officer of Guardforce AI, expressed his gratitude for securing this contract renewal and emphasized the long-standing partnership between Guardforce AI and the client. He stated, “We’re grateful to our client for this contract award. We have been working with them for many years and are excited to expand the scope of our services. We’re the only company in Thailand that provides complete end-to-end cash management solutions. Besides strengthening our position in the market, the relationships we maintain with our clients provide us a solid foundation to expand into other business sectors such as robotics.”
Guardforce AI Co., Ltd., listed on NASDAQ as GFAI and GFAIW, is a global security solutions provider with a rich legacy in secured logistics. While continuing to excel in the secured logistics arena, Guardforce AI has embarked on a strategic expansion into integrated AI and Robot-as-a-Service (RaaS) businesses. With over 40 years of professional experience and a robust customer base, the company is actively developing RaaS solutions aimed at enhancing operational efficiency. This expansion strategy has enabled Guardforce AI to rapidly establish its presence in the Asia Pacific region while pursuing global expansion opportunities.
For more information about Guardforce AI Co., Ltd. and its innovative security solutions, please visit www.guardforceai.com or follow them on Twitter at @Guardforceai.
Note: This article is for informational purposes only and does not constitute investment advice or an endorsement of any securities mentioned in this article. Readers should conduct their own research and consider their own financial situation and risk tolerance before making any investment decisions.
