Guardforce AI (NASDAQ:GFAI) Co Ltd has said it is in the process of establishing subsidiaries in Dubai and Australia, with a focus on Robotics as a Service (RaaS) rollout initiatives.
"Both the Dubai and Australian markets, we expect, will play a very important role in our global RaaS rollout as they foster innovative environments for technology and allow fast-growing companies to flourish. With a presence in these two key markets, we are now operating across three different continents and in nine evolving markets globally," Terence Yap, chairman of the integrated security solutions provider said in a statement.
Guardforce Robot Service (Australia) Pty Ltd (GFAI Australia) was incorporated in February 2022, while GFAI Robot & Smart Machines Trading LLC (GFAI Dubai) was incorporated in March 2022. The GFAI Dubai office is still in its initial setup phase and the company has begun trial deployments in Dubai with clients in the restaurant, retail, hospitality, exhibition and convention segments.
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The company's expanded presence in Dubai is an important strategic opportunity, being ranked among the top 10 cities on the Global Financial Centres Index in 2019. Additionally, the Dubai government is increasingly enhancing the city with innovative technologies such as AI, blockchain, 3D printing, and the Internet of Things, Guardforce AI noted.
Australia also serves as an attractive growth opportunity as it was ranked among the top 20 countries in the world in terms of size of economy in 2020 and is a key market in the Asia Pacific region.
With the addition of Dubai and Australia, Guardforce AI now has operations in nine key markets worldwide - mainland China, Hong Kong, Macau, Thailand, Singapore, Malaysia, Dubai, Australia, and the US.
Guardforce AI is focused on developing robotic solutions and information security services that complement its well-established secured logistics business.
Contact the author at jon.hopkins@proactiveinvestors.com