Gorilla Technology surges after two AI partnerships

Gorilla Technology

27/03/2023 21:08

** Gorilla Technology Group Inc's  GRRR.O  shares close up
41.1% at $11.80 on Mon, highest since Jan 3, after software firm
announces two partnerships on new AI video-analytics device
    ** UK-based co early Mon said partnering with hardware
provider Lanner Electronics and AI chipmaker Hailo to produce
new AI Appliance E-300
    ** Co said E-300, which is now available, eliminates need
for customers to expand their hardware capabilities to run
multiple-channel video analytics
    ** About 676k GRRR shares traded on Mon vs stock's 25-DMA
volume of about 14k, per Refinitiv
    ** With advance on Mon, shares up ~45% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))