Gorilla Technology Signs Contract to Deploy Massive Smart Government Project in Egypt

–Will implement government security convergence solution in Egypt–
–Largest contract in company history–
–Tangible success in globalization strategy–

LONDON, July 06, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it signed a contract with the Government of Egypt to implement a Smart Government Security Convergence solution. The contract, worth more than $270 million over three years, represents the largest customer win in Gorilla’s history and a notable stride in its globalization strategy, putting Gorilla on a path toward profitability by the end of 2024.

“We're extremely excited to execute the contract and officially embark on what we expect to be a long-term relationship with the Government of Egypt,” said Gorilla CEO Jay Chandan. “This is the largest project we have ever won and, inclusive of our recent win in Taiwan, we have now secured $300 million worth of projects this quarter. We could not be more excited by our momentum and future. The execution of this contract affirms our standing as a reliable global solutions provider, particularly when the MENA region governments are actively seeking innovative partners to support their crucial transformation from conventional systems to digital technologies and underpins future growth opportunities more broadly in the region and across the globe.”

“I am thrilled with this groundbreaking contract. This partnership marks a significant milestone in our mission to create a secure and connected governance ecosystem,” said Gorilla’s Chief Innovation Officer Dr Rajesh Natarajan. “By integrating cutting-edge technologies such as AI, IoT and data analytics, we are poised to revolutionize the way governments safeguard their critical assets. This collaboration reaffirms our commitment to delivering innovative solutions that empower governments to proactively address emerging security challenges. Together, we will build a resilient and future-ready security framework, setting standards for safety and governance in the digital age.”

The key objective of the smart government security convergence solution is to improve the efficiency and effectiveness of security operations while enabling better decision-making, proactive threat detection, and quick response to emerging risks.

The system includes:

Access Control and Identity Management: Robust access control systems to manage and authenticate the identities of individuals accessing critical resources in the governmental network.     Interagency Collaboration: Enable interagency collaboration by enabling seamless information sharing and communication among government entities via email, document sharing, voice, and video conferencing.     Cybersecurity Measures: Strong cybersecurity measures integrated to protect the entire smart government security convergence infrastructure from cyber threats. These measures include network segmentation, encryption protocols, intrusion detection and prevention systems, and continuous monitoring of network traffic.Command and Control Center: A centralized command and control center to act as the nerve center of the security infrastructure, integrating data from multiple sources, providing operators with a comprehensive situational awareness dashboard for effective decision-making and rapid incident response coordination.

The implementation of these advanced technologies and systems within the smart government security convergence project aims to create a highly secure and interconnected air-gapped environment. It facilitates proactive threat detection, timely incident response, and effective resource allocation, enabling governments to protect their critical infrastructure.

“We deeply appreciate the trust placed in our team, products, and solutions by the Egyptian Government. This achievement is a testament to the tireless efforts of representatives of the Government of Egypt and all at Gorilla. The sheer scale is unique, propelling us closer to our vision of being acknowledged as a global platform-as-a-service provider and a catalyst for innovation,” Chandan added.

About Gorilla Technology Group Inc.
Gorilla, headquartered in London U.K., is a global solution provider in security intelligence, network intelligence, business intelligence and IoT technology. Gorilla develops a wide range of solutions including Smart Cities, Smart Retail, Enterprise Security, and Smart Media. In addition, Gorilla provides a complete Security Convergence Platform to government institutions, telecom companies and private enterprises with network surveillance and cyber security.

Gorilla places an emphasis on offering leading technology, expert service, and precise delivery, and ensuring top-of-the-line, intelligent and strong edge AI solutions that enable clients to improve operational performance and efficiency. With continuous core technology development, Gorilla will deliver edge AI solutions to managed service providers, distributors, system integrators, and hardware manufacturers. For more information, please visit our website: Gorilla-Technology.com.

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. These forward-looking statements include, without limitation, statements referencing Gorilla’s contract with the Government of Egypt, the development of the market for smart-government security products and the effects of integrating smart government security products. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors, including those described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2023, and those that are included in any of Gorilla’s future filings with the SEC, 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.

Media Contact:
Jeff Fox
The Blueshirt Group for Gorilla
+1 (415) 828-8298
jeff@blueshirtgroup.com 

Investor Relations Contact:
Gary Dvorchak
The Blueshirt Group for Gorilla
+1 (323) 240-5796
gary@blueshirtgroup.com 

Scott McCabe
The Blueshirt Group for Gorilla
+1 (917) 434-3275
scott@blueshirtgroup.com 


Gorilla Technology Signs Contract to Deploy Massive Smart Government Project in Egypt

THỦ THUẬT HAY

Làm sao để chặn người lạ gắn thẻ trên Facebook?Bạn xem hướng dẫn nhé!

Một số người dùng phản ánh rằng họ bị những người lạ tag mình vào những bài viết. Vậy làm sao để chặn người lạ gắn thẻ trên Facebook? Bạn xem hướng dẫn nhé...

Cách tháo pin laptop không thể đơn giản hơn

Trong vài trường hợp bạn cần tháo pin laptop để vệ sinh máy hay sử dụng nguồn điện trực tiếp. Nhưng bạn không muốn nhờ đến sự trợ giúp các trung tầm thì đâu là cách?

Nên mua điều hòa hay quạt điều hòa?

Vào thời điểm nóng nực như thế này, các gia đình luôn muốn lựa chọn một thiết bị làm lạnh hiệu quả nhằm giúp cho căn phòng trở nên thoáng mát và dễ chịu hơn, theo đó, nhiều người dùng phân vân nên mua điều hòa hay quạt

13 cách đơn giản "buộc" sếp phải tăng lương

13 bí quyết giúp bạn nắm giữ chìa khóa thuyết phục sếp khi muốn đề nghị tăng lương.

Cách tra cứu giấy đi đường trên thẻ Căn cước công dân cực nhanh chóng

Tra cứu giấy đi đường trên mã QR thẻ CCCD giúp mọi người qua chốt kiểm dịch Covid-19 nhanh và an toàn hơn. Sau đây là cách tra cứu giấy đi đường trên thẻ Căn cước công dân...

ĐÁNH GIÁ NHANH

Cảm nhận thiết kế OPPO F9: dành cho những người yêu cái đẹp

OPPO F9 đã có một bước tiến lớn so với các thế hệ trước và so với các đối thủ nhờ thiết kế màn hình “giọt nước” độc đáo. Đây cũng là chiếc điện thoại OPPO dòng F đầu tiên có camera kép để cạnh tranh sòng phẳng với những

Galaxy Watch4 có đo được huyết áp không?

Galaxy Watch4 có đo được huyết áp không là câu hỏi của rất nhiều người khi tìm hiểu thiết bị này. Bài viết dưới đây sẽ là câu trả lời chi tiết dành cho bạn. Galaxy Watch4 có đo được huyết áp không? Theo nguồn tin từ

Đánh giá pin Xiaomi 11 Lite 5G NE: Pin 4.250 mAh dùng liên tục 10 tiếng chưa hết

Xiaomi 11 Lite 5G NE không phải smartphone cao cấp nhưng lại sở hữu những cấu hình ấn tượng. Tuy nhiên, viên pin 4.250 mAh được hỗ trợ sạc 33W liệu có đủ gánh vác chip Snapdragon 778G, kết nối 5G, màn hình 6.55 full