Core Insights - Gorilla Technology Group Inc. is addressing misleading online speculation that has confused investors, emphasizing its commitment to transparency and strong fundamentals [1][2] - The company has a significant backlog of contracts valued at 90-100 million for the year [8] - Gorilla's project pipeline has increased from 6 billion, with a notable $1.8 billion Memorandum of Understanding (MoU) signed to modernize Thailand's electricity grid [8] Company Overview - Gorilla Technology Group Inc. is headquartered in London and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [4] - The company focuses on various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, utilizing AI and Deep Learning Technologies [4][5] Financial Performance - The company will release its Full Year 2024 financial results on March 31, 2025, and file its 20-F report with the US Securities and Exchange Commission on April 15, 2025 [3] - Gorilla's auditor, Marcum Asia, has reviewed the majority of its Accounts Receivable, reinforcing the integrity of its financial reporting [8] Strategic Direction - Gorilla is committed to achieving full Sarbanes-Oxley compliance for 2024, two years ahead of the deadline for Emerging Growth Companies [8] - The company has emphasized its transition into a leading provider of AI-driven Smart City solutions, focusing on security convergence and IoT [8]
Gorilla Sets Record Straight on Baseless Market Speculation