Latest news with #GorillaTechnology
RNZ News
a day ago
- Business
- RNZ News
'Human error' behind massive internet outage across lower North Island
Human error during planned works resulted in internet outages. Photo: 123RF Ultrafast broadband provider Chorus says Friday morning's massive internet outage across the lower North Island was caused by human error. Connections went down before 11am, affecting connections from Wellington, Kapiti, Hutt Valley, Palmerston North and through to Napier. One internet service provider estimated 90 percent of customers in the regions were affected. The outage lasted more than an hour, and was fixed by about 12.30pm. Chorus on Friday afternoon said it was "the result of human error during planned works, which resulted in one of our core ethernet routers for the Wellington region being isolated from our network". "The error was identified and corrected, and all services restored within a 1.5-hour period," the infrastructure provider said. "At its peak, approximately 118,000 services were affected by the outage." Chorus said a "full investigation" had been launched, "which will include a review of our planned works processes, and any changes needed to prevent a similar situation in future". "Chorus sincerely apologises for any inconvenience caused and thanks those impacted for their patience and understanding." Gorilla Technology chief executive Paul Spain told RNZ that he understood the equipment that failed was based in a Chorus site on Wellington's Courtenay Place. Spain said it appeared to have had some sort of technical fault. "We usually don't have these things having such a widespread impact because there tends to be redundancy built into the system, because if one component fails another part of the network takes up the slack and keeps operating." He said it was likely Chorus would provide more details in due course. "We usually see the Chorus network being really resilient and serving New Zealand well, so you know this is a reasonably uncommon occurrence." Spain told RNZ these types of issues could have a widespread impact. "I think Chorus will be working hard after this to understand what happened [and] how do they make sure it never happens again." Earlier, Voyager said it had identified an issue affecting "Chorus Wellington UFB (ultrafast broadband) handover". "This handover services Wellington, Kapiti, Hutt Valley, Palmerston North and through to Napier." Just after 12.30pm, Voyager said connections were starting to come back online, but users might need to restart their routers. "My office is being kept updated on the situation," Media and Communications Minister Paul Goldsmith said earlier, when connections were still offline. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
CNBC
a day ago
- Business
- CNBC
Lightning Round: I personally would not own Altria, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: RELX, Altria, Gorilla Technology, Lincoln National, and EHang.
Malay Mail
22-05-2025
- Business
- Malay Mail
Gorilla Technology Shares Repurchase and Insider Ownership Updates; To Announce Q1 Earnings
[email protected] London, United Kingdom - Newsfile Corp. - May 22, 2025 - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced a series of significant developments underscoring its confidence in long-term value creation and sustained operational successfully completed the repurchase of over $1.8 million worth of its own shares in April and May, capitalising on market dislocation and reinforcing its belief in the intrinsic value of the business. This strategic deployment of capital reflects the company's confidence in its growth trajectory, operational execution and long-term brings the company's cumulative share repurchases under the current buy-back programme to $5.4 million in the past twelve months, leaving $4.6 million remaining under the $10 million authorized by the Board. The company remains open to further opportunistic repurchases as cash buffers continue to a show of commitment and deep alignment with shareholder interests, the directors and officers of the company purchased additional shares in April and May during the permitted trading window. Collectively, Gorilla's management and Board of Directors now control nearly 20% of the Company, reinforcing insider confidence and vested Technology will release its financial results for the first quarter of 2025 in the first half of June, which will be followed by an investor call. The company is poised to report continued progress across key markets including Southeast Asia, USA, Latin America and the UK, driven by its AI-powered smart infrastructure solutions. Call information will be circulated 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 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 more information, please visit our website: This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla will file with the Securities and Exchange Commission (the "SEC") on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable GentryRedChip Companies, Inc.1-407-644-4256 The issuer is solely responsible for the content of this announcement. About Gorilla Technology Group Inc.
Associated Press
22-05-2025
- Business
- Associated Press
Gorilla Technology Shares Repurchase and Insider Ownership Updates; To Announce Q1 Earnings
London, United Kingdom--(Newsfile Corp. - May 22, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ('Gorilla' or the 'Company'), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced a series of significant developments underscoring its confidence in long-term value creation and sustained operational momentum. Update on Share Repurchase Programme: Cumulative $5.4M Gorilla successfully completed the repurchase of over $1.8 million worth of its own shares in April and May, capitalising on market dislocation and reinforcing its belief in the intrinsic value of the business. This strategic deployment of capital reflects the company's confidence in its growth trajectory, operational execution and long-term fundamentals. This brings the company's cumulative share repurchases under the current buy-back programme to $5.4 million in the past twelve months, leaving $4.6 million remaining under the $10 million authorized by the Board. The company remains open to further opportunistic repurchases as cash buffers continue to strengthen. Update on Insider Ownership: Approaches 20% In a show of commitment and deep alignment with shareholder interests, the directors and officers of the company purchased additional shares in April and May during the permitted trading window. Collectively, Gorilla's management and Board of Directors now control nearly 20% of the Company, reinforcing insider confidence and vested interest. Upcoming Earnings Release Gorilla Technology will release its financial results for the first quarter of 2025 in the first half of June, which will be followed by an investor call. The company is poised to report continued progress across key markets including Southeast Asia, USA, Latin America and the UK, driven by its AI-powered smart infrastructure solutions. Call information will be circulated shortly. About Gorilla Technology Group Inc. 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: Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'might' and 'continues,' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading 'Risk Factors' in the Form 20-F Gorilla will file with the Securities and Exchange Commission (the 'SEC') on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Investor Relations Contact: Dave Gentry RedChip Companies, Inc. 1-407-644-4256 [email protected] To view the source version of this press release, please visit
Malay Mail
14-05-2025
- Business
- Malay Mail
Gorilla Technology Group Appoints Bruce Bower as Chief Financial Officer
[email protected] London, United Kingdom - Newsfile Corp. - May 14, 2025 - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, is pleased to announce the appointment of Bruce Bower as Chief Financial Officer (CFO), effective 1 June Bower brings a wealth of experience in strategic financial management, capital raising and corporate governance. Since joining Gorilla as Interim CFO in September 2024 , he has played a pivotal role in restructuring the Company's finance department, streamlining operations, and enhancing Gorilla's financial oversight and internal controls. Under Bruce's leadership, the Company has achieved full compliance with the Sarbanes-Oxley Act (SOX) and resolved any previously disclosed material weaknesses, while continuing to secure significant partnerships."Bruce has been instrumental in driving Gorilla's financial strategy during a transformative period. We successfully navigated a complex landscape, optimised capital structures that drove profitability in key growth areas and accelerated our position in the market as a global innovator of AI solutions in smart infrastructure, energy and security," said Jay Chandan, Chairman & CEO of Gorilla Technology Group. "Under Bruce's leadership, we have successfully enhanced our financial reporting and governance frameworks, reinforcing our commitment to the highest standards of corporate integrity.""I am proud to continue the important mission that Gorilla has set forth," said Mr. Bower. "While we have made great progress as a team, I have more conviction than ever that our greatest opportunity lies ahead. I look forward to continuing to deliver on our growth plans as we collectively work to achieve Gorilla's innovative vision of the future."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 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 more information, please visit our website: GentryRedChip Companies, Inc.1-407-644-4256 The issuer is solely responsible for the content of this announcement.
