Latest news with #GorillaTechnologyGroupInc
Associated Press
14-05-2025
- Business
- Associated Press
Gorilla Technology Group Appoints Bruce Bower as Chief Financial Officer
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 2025. Mr. 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.' 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: 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
30-04-2025
- Business
- Malay Mail
Gorilla Technology Releases Full Year Audited Financials for 2024
Gorilla has fully remediated all previously reported material weaknesses. This includes upgrading its financial systems, hiring experienced talent and strengthening its internal governance. Gorilla is fully Sarbanes-Oxley compliant, following extensive work with an external consultant, underscoring the depth and rigor of the Company's internal controls and processes, as well as its maturity as a U.S.-listed company. [email protected] London, United Kingdom - Newsfile Corp. - April 30, 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 that the filing of its full-year audited financials for the year ended 31 December 2024 on Form 20-F with the U.S. Securities and Exchange Commission will be made today after market Chandan, Chairman and CEO, commented: "2024 was the year we moved from transformation to acceleration. We have cemented our position in the AI ecosystem, and we are building the digital infrastructure that will power governments and enterprises for the next decade. Over the last 18 months, we have rapidly expanded across the globe - from Southeast Asia to India to the Middle East. We are also building strong momentum in Europe, North America and Latin America. We have built a business development engine which is underpinned by model of efficient deployment and long-term partnership. Our sales pipeline is strong, our operations are streamlined, and we are confident as we look to the future, even in the midst of a challenging macroeconomic environment."Mr. Chandan continued, "The strength of our audited financials reflects the discipline, scale and ambition with which we are running the business. Our commitment to accuracy in financial reporting and disclosure reinforces that Gorilla stands on solid ground - operationally, financially and ethically."Gorilla's 20-F will reflect the following updates to its financial controls and reporting:Bruce Bower, Interim CFO, added, "We are pleased to progress our financial imperatives. Looking ahead, Gorilla will continue to uphold the rigor, discipline and integrity that this filing has demonstrated and confirms. The foundation is in place, and we are well-positioned to scale for the long-term. With a clear strategy, exceptional leadership and relentless execution, we believe Gorilla represents front-footed leadership in this new AI-driven era."Further information and full financial statements can be found in the 20-F filed later today, after market close, on the SEC's website at 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: 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.
Associated Press
30-04-2025
- Business
- Associated Press
Gorilla Technology Releases Full Year Audited Financials for 2024
London, United Kingdom--(Newsfile Corp. - April 30, 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 that the filing of its full-year audited financials for the year ended 31 December 2024 on Form 20-F with the U.S. Securities and Exchange Commission will be made today after market close. Jay Chandan, Chairman and CEO, commented: '2024 was the year we moved from transformation to acceleration. We have cemented our position in the AI ecosystem, and we are building the digital infrastructure that will power governments and enterprises for the next decade. Over the last 18 months, we have rapidly expanded across the globe - from Southeast Asia to India to the Middle East. We are also building strong momentum in Europe, North America and Latin America. We have built a business development engine which is underpinned by model of efficient deployment and long-term partnership. Our sales pipeline is strong, our operations are streamlined, and we are confident as we look to the future, even in the midst of a challenging macroeconomic environment.' Mr. Chandan continued, 'The strength of our audited financials reflects the discipline, scale and ambition with which we are running the business. Our commitment to accuracy in financial reporting and disclosure reinforces that Gorilla stands on solid ground - operationally, financially and ethically.' Gorilla's 20-F will reflect the following updates to its financial controls and reporting: Bruce Bower, Interim CFO, added, 'We are pleased to progress our financial imperatives. Looking ahead, Gorilla will continue to uphold the rigor, discipline and integrity that this filing has demonstrated and confirms. The foundation is in place, and we are well-positioned to scale for the long-term. With a clear strategy, exceptional leadership and relentless execution, we believe Gorilla represents front-footed leadership in this new AI-driven era.' Further information and full financial statements can be found in the 20-F filed later today, after market close, on the SEC's website at 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
Associated Press
14-04-2025
- Business
- Associated Press
Gorilla Technology Appoints AI Visionary Satish Venkatesan to Lead Americas Innovation Drive
Company also reiterates capital allocation priorities through its previously announced share buyback programme London, United Kingdom--(Newsfile Corp. - April 14, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ('Gorilla' or the 'Company'), global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced the appointment of Satish Venkatesan as Chief Solutions Strategist - Americas, effective 14 April 2025. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: In this newly created role, Venkatesan will lead Gorilla's solution strategy, ecosystem partnerships and innovation-driven expansion across the United States, Brazil, Colombia, Panama, Peru and the Amazon-connected smart infrastructure corridor. He will be based in New Jersey and report directly to Gorilla Chairman & CEO Jay Chandan. With nearly 30 years of experience in product engineering, platform transformation and applied emerging technologies, Venkatesan has been instrumental in shaping the digital evolution of Fortune 500 companies, startups and highly regulated industries. His appointment signals Gorilla's deepened strategic focus on scaling AI-powered urban systems, public safety initiatives and digitally led infrastructure programmes throughout the Americas. Venkatesan joins Gorilla following a long career at Cognizant Technology Solutions Corporation (NASDAQ: CTSH), where he held senior roles across the firm's $2 billion financial services portfolio. Acting as a trusted advisor to client CXOs, he has led initiatives in platform modernisation, deep tech strategy and Generative AI adoption. His remit spanned the U.S. and Latin America, supporting numerous high-value accounts with portfolios exceeding $100 million. Earlier, he led Cognizant's InsuranceNext Labs, where he spearheaded innovation in telematics, IoT, blockchain consortiums, drone-as-a-service and modern data platforms. 'From airport biometrics and public safety surveillance to blockchain for fiscal transparency and IoT in climate resilience, the Americas are poised for bold reinvention,' said Chandan. 'Satish brings the innovation depth and regional insight needed to accelerate that transformation. This appointment further fortifies our leadership team, as we seek to execute our long-term value creation strategy. Our long-term view is underscored by our commitment to current capital allocation initiatives, like our share buyback programme, which strategically returns capital to shareholders and demonstrates our belief in the intrinsic value of Gorilla. While we build a foundation for the long term, we will continue to evaluate near-term opportunities to deliver value to shareholders every step of the way.' Beyond the private sector, Venkatesan has contributed his expertise to the advancement of public-private collaboration. He recently served on the Board of Directors of Connecticut Insurance & Financial Services (CT IFS), a partnership working to drive innovation, workforce development and investment in emerging technologies in collaboration with the State of Connecticut. Venkatesan holds a Bachelor's degree in Computer Science & Engineering and has completed the Professional Certificate in AI and Machine Learning from UC Berkeley Executive Education. 'I am truly excited to join Gorilla Technology at such a pivotal moment,' said Venkatesan. 'Gorilla has already laid a powerful foundation across the Americas through transformative partnerships that are redefining smart cities, public safety and the O.N.E. Amazon initiative. The opportunity to help scale these efforts with sharper strategy, deeper innovation and stronger regional collaboration is both inspiring and deeply aligned with my passion for purpose-driven technology.' Update on Previously Announced Share Repurchase Programme As previously disclosed, Gorilla's management team and Board have continued to strategically utilize the share repurchase programme and have bought back over $4.5 million of shares to date. The company has a total authorized allocation of $10 million. The Board and management team affirm their intent to continue buying shares, reflecting their conviction that the Company's intrinsic value and long-term potential continue to be undervalued in the market. 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: 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
Yahoo
07-04-2025
- Business
- Yahoo
Gorilla Technology Group Signs Strategic Partnership with Toyota Material Handling Solutions (Thailand) to Power Global Smart Warehousing Transformation
Bangkok, Thailand--(Newsfile Corp. - April 7, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") today, announced a landmark partnership with Toyota Material Handling Warehouse Solutions (Thailand), to co-develop intelligent warehouse automation technologies for Toyota's global customers. To view an enhanced version of this graphic, please visit: This collaboration brings together Gorilla's AI Appliances, with Toyota's unmatched reach and reputation in logistics and material handling. The two companies will work closely to design and roll out next-generation smart warehousing systems that solve real operational challenges - from incorrect part requisitions to warehouse inefficiencies and costly work delays, by making warehouse environments more intelligent, efficient and accurate. "This is not just a product integration - it is a long-term strategic relationship," said Jay Chandan, Chairman and CEO of Gorilla Technology Group. "Together with Toyota, we aim to bring transformative technology to warehouses around the world and unlock multi-year SaaS-based revenue opportunities by deploying Gorilla's AI solutions at scale across Toyota's customer network." To view an enhanced version of this graphic, please visit: The two companies will initially focus on launching the new system in Thailand with the intention to expand globally, supporting Toyota's digital transformation ambitions and delivering measurable improvements in operational efficiency and customer satisfaction. This partnership reinforces Gorilla's mission to empower industries with intelligent infrastructure and to become a key enabler of digital transformation across logistics, warehousing and beyond. 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 ability to identify and agree to specific project scope, deployment strategies and operational frameworks with the Electricity Authority, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on May 15, 2024 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 GRRR@ To view the source version of this press release, please visit Sign in to access your portfolio
