Guardforce AI Co LimitedNASDAQ: GFAI

Guardforce AI Co Ltd (NASDAQ:GFAI) announced that its subsidiary Guardforce Cash Solutions Security (GFCS) has secured a five-year contract to operate a Consolidated Cash Center in Chiangmai, Thailand, on behalf of the Bank of Thailand starting at the year-end. The provider of security, AI and robotic solutions said that GFCS had previously secured multiple five-year contracts to operate Consolidated Cash Centers in Ubonratchathani, Phitsanulok, Hadyai, and Khon Kaen over the past three years.

New York, NY, June 25, 2024 (GLOBE NEWSWIRE) -- 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.

Guardforce AI Co Ltd (NASDAQ:GFAI) has introduced its LinguaBot solution in Thailand in collaboration with iApp Technology. An event is scheduled to take place in Bangkok on Friday to celebrate the release of the solution, which aims to improve chatbot functions for concierge services, as announced by Guardforce AI on Wednesday.

Artificial intelligence (AI) was a major stock market theme last year, with investors actively seeking out AI penny stocks for their potential for substantial long-term returns. Moreover, following a recent valuation dip, AI stocks present a massive growth opportunity.

Guardforce AI Co Ltd (NASDAQ:GFAI) announced it has appointed Yuting (Catherine) Zuo as its chief financial officer (CFO) with immediate effect, replacing Yuheng (Brian) Ma who resigned to pursue other interests. The company noted that Zuo, a certified public accountant, has over a decade of experience in corporate finance, accounting, SEC reporting and working with US-listed companies.

Guardforce AI Co Ltd (NASDAQ:GFAI) said it has wrapped up a strategic debt-to-equity conversion, bolstering the company's financial position. The company converted $13.4 million of debt and $2.5 million of accrued and unpaid interest into 2,947,150 restricted ordinary shares at a conversion price of $5.40 per share, representing a 75% premium to the closing price of the company's shares on the previous day.

Going contrarian at the right time can yield remarkably positive results, thus setting the stage for short-squeeze stocks to buy. To be sure, this practice imposes significant risks.

Guardforce AI (NASDAQ: GFAI ) stock is worth checking on Tuesday after the company signed a new three-year contract investors need to know about! According to a press release from the company, it has secured a new three-year contract with a leading Japanese retail company.

Guardforce AI Co Ltd (NASDAQ:GFAI) announced that it has secured a three-year contract with a leading Japanese retailer, which was a pre-existing client, or its end-to-end cash management solutions, further strengthening the company's leading position in Thailand.  The security solutions provider said the end-to-end cash management solution in the contract renewal includes Guardforce Digital Machine (GDM), Cash-in-Transit, Cash Processing Centre, and Change Fund services across four locations in Bangkok, Thailand.