Guardforce AI rises after securing two-year contract

Guardforce AI

12/09/2023 12:37

Sept 12 (Reuters) -    ** Shares of security solutions
provider Guardforce AI  GFAI.O  rise 2% to $4.67
    ** GFAI's subsidiary Guardforce Cash Solutions Security
secured a two-year contract with an unnamed pre-existing client
for its end-to-end cash management solutions
    ** "The relationships we maintain with our clients provide
us a solid foundation to expand into other business sectors such
as robotics" - CEO, GFAI
    ** Co specializes in Artificial Intelligence (AI) and
Robot-as-a-Service (RaaS), two sectors that are gaining traction
and inviting investments
    ** Average rating for the stock is "buy" with analysts'
median PT of $14- LSEG
    ** Up to last close, stock had fallen ~10% YTD

 (Reporting by Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))