Gorilla Technology Concludes Legal Action Against Culper Research via Settlement Agreement
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London, United Kingdom - Newsfile Corp. - July 21, 2025 - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced that it has resolved its previously disclosed litigation against Culper Research ("Culper") and its founder, Christian Lamarco.The Company issued the following statement:Jay Chandan, Chairman & CEO, added:"We are pleased to put this matter behind us. Gorilla has spent this year doing what matters most, executing our strategy and delivering results. With over $5.6 billion in active pipeline, new capital secured and a growing global customer base, we are not just moving forward, we are accelerating.The company remains committed to maintaining high standards of transparency and performance as it enters its next phase of growth. This resolution clears the runway, and I intend to use it."Gorilla recently hosted a webinar to share updates on its recent momentum, including a $5.6 billion global pipeline of active opportunities and continued U.S. expansion with wide-scale public sector relationships. Moreover, Gorilla's strong first quarter earnings released on June 18, 2025 reinforce its continued momentum and operational progress. For more information on Gorilla's business updates, please visit the Company's investor relations website here Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.com Public Relations Contact:Samantha DowdProsek PartnersInvestor Relations Contact:Dave GentryRedChip Companies, Inc.1-407-644-4256
The issuer is solely responsible for the content of this announcement.
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