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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
Tahawul Tech
09-04-2025
- Business
- Tahawul Tech
Vehere establishes Middle East operations
Vehere, a pioneer in cybersecurity solutions, is rapidly expanding in the Middle East region, especially focusing on the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), and Bahrain. With more locations on the horizon, this initiative is designed to accelerate Vehere's regional expansion, addressing the growing cybersecurity demands of enterprises in an increasingly complex digital landscape. Vehere's strategic move in the Middle East ensures regulatory compliance and enhances credibility, along with unlocking significant business opportunities and strengthening relationships within the local ecosystem. It represents a crucial step in Vehere's future progress, boosting operational capabilities and driving its overall success. Responding to the escalating demand for robust cybersecurity infrastructure and cyber resilience, Vehere plans to leverage local talent and increase its staffing. Avinash Garg, Vice President—Sales (MEA), stated, 'This period of exponential growth presents the ideal chance to broaden our sectoral footprint and advance our Middle East roadmap. Vehere's strong presence will allow us to deliver tailored cybersecurity solutions, ensuring rapid deployment and faster turnaround times for our customers'. Adding to the conversation, Abdul Raheem Shaikh, recently appointed Regional Director, Sales—KSA and Bahrain, remarked, 'Our efforts resonate strongly with Saudi Vision 2030's goal of creating a thriving digital economy and enhancing cybersecurity capabilities across the Kingdom. With cutting-edge AI technology, we aim to support Saudi Arabia's global innovation and digital transformation and also contribute to its economic diversification'. Gautham Srinivasa, Regional Director, Sales—Middle East, also commented, 'Vehere's establishment of a market-specific base in the Middle East aligns seamlessly with its ambitious plan to solidify its position as a leading provider of AI-powered Cyber Network Intelligence technology'. Vehere's team of experts in the region also includes Yahya Khan, Principal Consultant, Systems Engineering, and Haramit Banga, Senior Systems Engineer, Systems Engineering, whose extensive experience and versatility will be instrumental in establishing Vehere as the leading choice for organisations seeking cutting-edge cybersecurity offerings to safeguard their corporate networks. Image Credit: Vehere
