Guardforce AI Bags Contract From Japanese Retailer For Cash Management Solutions

Security solutions provider Guardforce AI Co Ltd GFAI said its subsidiary, Guardforce Cash Solutions Security (Thailand) Company Limited, has secured a three-year contract with a Japanese retailer for its end-to-end cash management solutions. The financial terms were not disclosed.

The end-to-end cash management solution in the contract renewal includes Guardforce Digital Machine (GDM), Cash-in-Transit, Cash Processing Centre, and Change Fund services across four locations in Bangkok, Thailand.

GDM enhances the client's safety through a security system that protects against potential fraud or theft.

"We're the only company in Thailand that provides complete end-to-end cash management solutions, and this contract further strengthens our footprint in Thailand," said Chief Operating Officer Kee Yun Kwan.

Guardforce specializes in secured logistics, Artificial Intelligence (AI) and Robot-as-a-Service (RaaS).

Price Action: GFAI shares are trading lower by 0.24% at $4.18 on the last check Tuesday.