EXCLUSIVE: Guardforce AI Secures New Contracts with Top Retail Brands, Boosts Operations
Portfolio Pulse from Anusuya Lahiri
Guardforce AI Co (NASDAQ:GFAI) announced that its subsidiary, Beijing Wanjia Security System Limited, has expanded contracts with two major retail clients, increasing its security alarm system operations by 50% in China. The company now serves nearly 20,000 retail stores in the Asia Pacific region. GFAI shares rose by 8.30% premarket.
July 17, 2024 | 11:02 am
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POSITIVE IMPACT
Guardforce AI's subsidiary, Beijing Wanjia, has expanded contracts with two major retail clients, increasing its security alarm system operations by 50% in China. The company now serves nearly 20,000 retail stores in the Asia Pacific region. GFAI shares rose by 8.30% premarket.
The expansion of contracts with major retail clients and the significant increase in security alarm system operations are positive developments for Guardforce AI. This is likely to boost revenues and investor confidence, as reflected in the 8.30% premarket share price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Guardforce AI's subsidiary, Beijing Wanjia, has expanded contracts with two major retail clients, increasing its security alarm system operations by 50% in China. The company now serves nearly 20,000 retail stores in the Asia Pacific region. GFAI shares rose by 8.30% premarket.
The positive news for Guardforce AI (GFAI) is also likely to have a favorable impact on its warrants (GFAIW). The expansion of contracts and increased operations should boost investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80