Gorilla Technology Group announced it has signed and commenced a multi-year 5G Telecon and Network security project to enhance criminal investigations with a major law enforcement agency in Taiwan, sending its shares almost 13% higher.
The provider of AI-based edge video analytics, IoT technologies and cybersecurity said this is among the first 5G security projects of its kind in the world to be implemented, and the first in Taiwan.
“We understand the importance in implementing the 5G communication surveillance system this major Taiwanese law enforcement agency needs, which front-line investigators can use to protect the public from criminals using voice call, internet telephony, and other IP communications on 5G infrastructure,” Gorilla VP of Customer Success Felix Song said in a statement.
“From 2G to 4G, we have implemented similar solutions with this agency, and this contract only continues to showcase our commitment to advancing safe cities in Taiwan.”
Gorilla CEO Jay Chandan added: “This milestone solidifies Gorilla Technology's standing within Taiwan while also proving, once again, our resolute ambition to extend further into the global market where we aim to empower cities with safe, intelligent solutions.”
Gorilla shares had added 12.7% at US$1.73 at noon on Monday.
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