Guardforce AI Co Ltd (NASDAQ:GFAI) announced that it has secured a three-year contract with a leading Japanese retailer, which was a pre-existing client, for its end-to-end cash management solutions, further strengthening the company’s leading position in Thailand.
The security solutions provider said the end-to-end cash management solution in the contract renewal includes Guardforce Digital Machine (GDM), Cash-in-Transit, Cash Processing Centre, and Change Fund services across four locations in Bangkok, Thailand.
"We’re the only company in Thailand that provides complete end-to-end cash management solutions, and this contract further strengthens our footprint in Thailand," Guardforce AI chief operating officer Kee Yun (Tommy) Kwan said in a statement.
"By maintaining solid relationships with our clients, it allows us to cross-sell additional products such as robotics and other security services," he added.
Guardforce noted that GDM, the newly added service in the contract, enhances the client’s safety through a security system that protects against potential fraud or theft, eliminating the need for staff to count cash by hand, thereby decreasing cash-counting errors and enhancing efficiency.
It added that the retailer can also generate revenue reports at any time and from anywhere.
Guardforce AI is a global integrated security solutions provider that is focused on developing robotic solutions and information security services that complement its well-established secured logistics business.
Contact Sean at sean@proactiveinvestors.com