Gorilla Technology secures contracts in Taiwan for AI solutions, signaling growth and innovation

From Nasdaq

January 2, 2025 10:12:00 AM:

Gorilla Technology Group Inc. (GRRR) secures two contracts in Taiwan for AI-powered solutions in law enforcement and telecom services. These contracts highlight the company’s growth and innovation, boosting public safety and compliance. Gorilla’s strategic goals for expansion in Asia are reinforced by these developments, attracting investor interest.

CEO Jay Chandan notes Gorilla’s strong project backlog and financial stability for 2025. A warrant holder’s $6 million contribution strengthens the company’s cash reserves. With a share buyback program and solid cash reserves, Gorilla plans to increase its buyback allocation to $9 million, prioritizing shareholder value.

GRRR shares have gained 234.5% in the past year, outperforming the industry’s 59.8% growth. Gorilla’s Zacks Rank #3 (Hold) positions it in the Business Services sector alongside top picks like Coinbase Global, Inc. (COIN), DLocal Limited (DLO), and Cantaloupe, Inc. (CTLP) with Zacks Ranks #1 (Strong Buy) and #2 (Buy) respectively. This positions Gorilla for continued success in the market.

Read more at NASDAQ.: Gorilla Technology Expands in Taiwan With Two New Contracts