Service business

Guardforce AI expands robotics-as-a-service business

NEW YORK, NY, June 22, 2022 (GLOBE NEWSWIRE) — Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), an integrated security solutions provider, today announced the opening of new offices in Tokyo, Japan and San Francisco, California, expanding its Robotics-as-a-Service (RaaS) business across both markets. The Company’s robotic solutions offering in these two locations will include the T-Series robot for hospitality services, food delivery robots and disinfection robots for restaurants, shopping malls and hotels.

Terence Yap, President of Guardforce AI, said, “The opening of offices in Tokyo and San Francisco are important milestones as these two markets represent significant opportunities for our RaaS line of business. With rising labor costs and an aging population, in Japan alone, automated robotic services are expected to doubled from 2020 to 2026. Additionally, San Francisco is a well-known technology hub with high-quality technology engineers and renowned technology research centers, making it the perfect place to set up our RaaS operations to attract talent and build a complete technological ecosystem around our RaaS solutions. We are rapidly expanding into key markets globally to meet the growing needs of our customers and partners with the goal of becoming one of the world’s leading RaaS service providers.

About Guardforce AI Co., Ltd.

Guardforce AI Co., Ltd. (NASDAQ: GFAI, GFAIW) is a global integrated security solutions provider focused on developing robotic solutions and information security services that complement its well-established secure logistics business. With over 40 years of professional experience, Guardforce AI is a trusted brand that protects and transports high-value assets owned by public and private sector organizations. Guardforce AI develops and delivers innovative technologies and services that enhance security and protection. For more information, visit www.guardforceai.com.

Safe Harbor Statement

This press release contains statements that do not relate to historical facts but that are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such statements generally (but not always) be identified by their use of terms and expressions such as anticipate, appear, believe, continue, may, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue , want, want and other similar terms and expressions, as well as the use of the future tense. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on current beliefs, expectations and assumptions regarding the future of the Company’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control, including the risks described in our statements. Registration and our reports under “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not rely on any such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof. Except as otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations
David Waldman or Natalia Rudman
Crescendo Communications, LLC
E-mail: gfai@crescendo-ir.com
Tel: 212-671-1020

Guardforce AI Enterprise Communications
Yu Hu
E-mail: yu.hu@guardforceai.com