EXCLUSIVE: Guardforce AI Renews 3-Year Deal With Thailand's Government Savings Bank
Guardforce AI's Renewal with GSB: Guardforce AI's subsidiary, GFCS, has secured a three-year renewal contract with Thailand's Government Savings Bank, extending their partnership for cash-in-transit and ATM maintenance services until May 2028.
Financial Stability and Innovation: This renewal ensures stable revenue for Guardforce AI, allowing the company to invest in innovation and expand its AI-driven solutions.
Trade with 70% Backtested Accuracy
Analyst Views on GFAIW

No data
About the author

Company Launch and Innovations: Guardforce AI successfully launched its smart solutions and AI applications at a rebranding event in Bangkok, introducing the Smart Cash Solution and Smart Retail Solution aimed at enhancing operational efficiency in cash management and retail environments.
Future Vision and AI Integration: The company emphasized its commitment to advancing AI-driven services, showcasing its first AI Agent application, DeepVoyage Go (DVGO), which enhances travel planning services and aims to expand recurring revenue through tech-enabled solutions.

Guardforce AI's Renewal with GSB: Guardforce AI's subsidiary, GFCS, has secured a three-year renewal contract with Thailand's Government Savings Bank, extending their partnership for cash-in-transit and ATM maintenance services until May 2028.
Financial Stability and Innovation: This renewal ensures stable revenue for Guardforce AI, allowing the company to invest in innovation and expand its AI-driven solutions.

Financial Performance: Guardforce AI reported a 16.1% increase in gross profit for 2024, with revenue rising slightly by 0.2% to approximately $36.3 million. The company also narrowed its net loss significantly to $5.9 million, marking an 80.1% improvement year-over-year.
AI and Technology Development: The company is focusing on building a strong AI technology foundation to enhance its service offerings in the travel and retail sectors, while also planning to expand its Robotics-as-a-Service model and AI solutions globally in 2025.

Launch of AI Travel Tool: Guardforce AI has announced the beta launch of DeepVoyage Go (DVGO), an AI-powered travel planning tool that utilizes specialized AI agents to create personalized itineraries, significantly reducing planning time from days to hours.
Expansion Plans and Features: Initially available by invitation only in the U.S., DVGO will focus on premium itinerary planning and communication enhancements, with plans for future expansion into the Asia-Pacific region as part of Guardforce AI's broader strategy to integrate AI solutions across various industries.
Partnership Announcement: Guardforce AI Co has partnered with Librum Technologies, Inc to develop advanced AI agents for travel and purchasing solutions, enhancing user experience through personalized recommendations.
Technological Advancements: The collaboration aims to improve the precision of AI computations by integrating various advanced algorithms and models, marking a significant step in Guardforce AI's technological evolution.
Financial Performance: Guardforce AI reported a 50% increase in gross profit for H1 2024 compared to H1 2023, achieving an adjusted net income of approximately $0.1 million, a significant improvement from a loss of $1.8 million in the previous year.
Business Developments: The company focused on enhancing its AI technology foundation, securing long-term contracts, and expanding its retail client base, while also launching new AI-driven solutions for the travel and retail sectors.






