Guardforce AI Secures Two-Year Contract for its End-to-End Cash Management Solution Including Guardforce Digital Machine in Thailand
NEW YORK, NY, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), an integrated security provider specializing in secured logistics, Artificial Intelligence (AI) and Robot-as-a-Service (“RaaS”), today announced that its subsidiary, Guardforce Cash Solutions Security (Thailand) Company Limited (“GFCS”), has secured a two-year contract with a pre-existing client (“Client”) for its end-to-end cash management solutions, further strengthening the Company’s leading position in Thailand.
The end-to-end cash management solution in this contract renewal includes Guardforce Digital Machine (“GDM”), Cash-in-Transit (“CIT”), Cash Processing Centre, and Change Fund services across four locations in Bangkok, Thailand.
GDM, which is the newly added service in this contract, enhances the Client’s safety through a security system that protects from potential fraud or theft. GDM also minimizes work processes and enhances efficiency by eliminating the need for staff to count cash by hand, thereby decreasing cash counting errors. The Client can also generate revenue reports at any time, from anywhere.
Kee Yun (Tommy) Kwan, Chief Operating Officer of Guardforce AI, stated, "We’re grateful to our client for this contract award. We have been working with them for many years and are excited to expand the scope of our services. We’re the only company in Thailand that provides complete end-to-end cash management solutions. Besides strengthening our position in the market, the relationships we maintain with our clients provide us a solid foundation to expand into other business sectors such as robotics.”
About Guardforce AI Co., Ltd.
Guardforce AI Co., Ltd. (NASDAQ: GFAI, GFAIW) is a global security solutions provider, building on its legacy secured logistic business, while expanding to integrated AI and Robot-as-a-Service (RaaS) business. With more than 40 years of professional experience and a strong customer foundation, Guardforce AI is developing RaaS solutions that improve operational efficiency, quickly establishing its presence in the Asia Pacific region, while expanding globally. For more information, visit www.guardforceai.com Twitter: @Guardforceai
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