- Guardforce AI Co Ltd's GFAI operating subsidiary Guardforce Cash Solutions Security (Thailand) Company Limited (GFCS) has been selected to operate a Consolidated Cash Center (CCC) for Hadyai CCC.
- Hadyai CCC, located in the south, is a newly built facility completed in 2021 and is the only CCC that the Bank of Thailand maintains in the deep southern region of Thailand.
- "Winning this bid is further evidence that we are increasing our creditability with the Thai government while also increasing our market-leading position in the cash center outsourcing market," said Kee Yun Kwan, COO at Guardforce AI.
- Earlier this year, GFCS was also selected to operate the CCC in the Khon Kaen province of Thailand.
- Price Action: GFAI shares are trading higher by 12.5% at $1.63 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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