Guardforce AI Company Ltd (GFAI)

[drumkids]

"Shares of Guardforce AI stock surged this year, with the bulk of that move coming within the last few weeks. The company secured two long-term contracts with clients for secured logistics services. These contracts began this quarter, and the first is a 5-year agreement with Don Muang Tollway Public Company Limited to provide a range of services."

"The toll road operator will utilize the Guardforce Deposit Machines at toll plazas. It will also provide cash handling and cash-in-transit, and coupon counting. The other contract is for three years with a retail chain store in Thailand. Guardforce will provide cash-in-transit and counting services for roughly half of the retail company’s stores."

"If GFAI stock is on your list of “ChatGPT stocks” right now, the company also has a pending acquisition hanging in the balance. Late last year, GuardforceAI announced a definitive agreement to acquire assets of Shenzhen Kewei’s robot business. The plan is for this deal to enhance Guardforce’s Robot-as-a-Service sales and capabilities. The roughly $2.1 million purchase is expected to be completed this quarter."