Guardforce AI Co Ltd (NASDAQ:GFAI) and Concorde Security Pte Ltd have joined forces to unveil an innovative robotic security solution in Singapore.
Concorde, a well-established security provider known for its inventive and cost-effective security offerings, will partner with Guardforce AI, a global security solutions provider specializing in AI and Robot-as-a-Service (RaaS) business.
The collaboration will result in the deployment of Guardforce AI's concierge robot equipped with an access control module for a visitor management system. This cutting-edge solution will enable companies to efficiently register and monitor visitors in their facilities. Additionally, Guardforce AI's disinfection robot will be integrated with Concorde's state-of-the-art software security system, providing automated patrol surveillance. The security footage will be uploaded to a cloud platform for round-the-clock security surveillance and retrieval.
In a statement, Lei (Olivia) Wang, chairwoman, and CEO of Guardforce AI, commented: "We are excited to partner with Concorde to jointly market robotic solutions that implement the latest AI technology in the security industry. Singapore is a highly interconnected market with stringent security standards, providing the perfect environment to roll out the proof of concept for robotic security solutions. The prototype is in the testing phase now, and we’re targeting to launch it in the fourth quarter of 2023.”
Alan Chua, executive director of Concorde, shared his excitement about collaborating with Guardforce AI, emphasizing the growing trend of companies investing in security robotic solutions to address rising labor costs and inflation.
According to Acumen Research and Consulting, he noted, the security robotics market is predicted to reach $160.8 billion by 2032, with a remarkable CAGR of 17.9%.
Chua concluded: "By combining our security solutions with Guardforce AI’s robotic automation, we’re further enhancing our security offerings to our clients while helping address labor costs and shortages that are widespread within the security industry.”
Concorde has gained recognition for its patented technology solutions that boost manpower efficiency, mitigate labor shortages, and optimize service delivery in the security and facilities management industry. Since its establishment in 1997, Concorde has been a leader in integrated property monitoring, ensuring comprehensive security and operational efficiency with round-the-clock surveillance.
Guardforce AI, with its legacy in secured logistics, is rapidly expanding into the Asia Pacific region and beyond with its AI and RaaS business. With over 40 years of professional experience and a strong customer base, Guardforce AI is committed to providing RaaS solutions that enhance operational efficiency and security.
The new robotic security solution is expected to bring convenience and efficiency to hotels and various industries. Furthermore, Concorde aims to extend its service offerings with delivery robots targeting hospitals, residential buildings, and other markets in the future.
Contact the author at jon.hopkins@proactiveinvestors.com