ACCESSWIRE
11 Jan 2022, 22:05 GMT+10
~ Provides Initial 2022 Guidance Forecast ~
NEW YORK, NY / ACCESSWIRE / January 11, 2022 / Guardforce AI Co., Limited ('Guardforce AI' or the 'Company') (NASDAQ:GFAI, GFAIW), an integrated security solutions provider, today issued preliminary unaudited results for the year ending December 31, 2021 and initial expectations for the year ending December 31, 2022.
For the full year 2021, the Company expects:
For the full year 2022, the Company expects:
Terence Yap, Chairman of Guardforce AI, commented, 'As we look towards the future, we are encouraged by the numerous possibilities and opportunities that exist within the global security industry. Throughout 2021, we have remained steadfast in our commitment to our clients, suppliers, staff and other stakeholders as we continue to weather COVID-related challenges. In 2022, we will continue our consolidation strategy to expand our geographical presence, technological capabilities and scale.'
'The guidance we have provided today highlights our commitment and confidence in successfully building a truly integrated security solutions provider,' Yap added. 'We will continue to focus on technology related solutions such as robotics, AI and cybersecurity. Our strategy of diversifying revenue streams to mitigate business risk and expand our business via strategic consolidations will continue. We are excited by the opportunities that lie ahead, and we look forward to continuing to execute on our growth strategies to deliver greater value to our shareholders.'
The foregoing expected results are preliminary and remain subject to the completion of normal quarter end accounting procedures and closing adjustments.
About Guardforce AI Co., Ltd.
Guardforce AI Co. Ltd. (NASDAQ:GFAI, GFAIW) is a leading integrated security solutions provider that is trusted to protect and transport the high-value assets of public and private sector organizations. Developing and introducing innovative technologies that enhance safety and protection, Guardforce AI helps clients adopt new technologies and operate safely as the Asia Pacific business landscape evolves.
For more information, visit www.guardforce.ai
Forward Looking Statements
This press release contains statements that do not relate to historical facts but are 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their use of terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and reports under the heading 'Risk Factors' as filed with the SEC. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether because of new information, future events or otherwise.
Media Relations
Patrick Yu
Email: patrick.yu@fleishman.com
Phone: (+852) 2586-7877
Investor Relations
Shannon Devine
Email: GFAI@mzgroup.us
Phone: +1 203-741-8811
Guardforce AI Corporate Communications
Hu Yu
Email: yu.hu@guardforceai.com
SOURCE: Guardforce AI Co., Limited
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationAs China unleashed live-fire military exercises off the coast of Taiwan, simulating a real "reunification by force" operation in the ...
NAYPYIDAW, Myanmar - According to a legal official, a court in Myanmar has sentenced former leader Aung San Suu Kyi ...
BEIJING, China: Following a meeting between their foreign ministers, China and Nepal have agreed to build the Trans-Himalayan Multi-Dimensional Connectivity ...
BEIJING, China: Several regions in China experienced temperatures exceeding 40 degrees Celsius, including the major southwestern city of Chongqing.The country's ...
SACRAMENTO, California: California Governor Gavin Newsom is proposing to give a $1.4 billion government loan to extend the life of ...
NEW DELHI, India: A government order released to reporters this week said New Delhi will continue to enforce a mask ...
As China unleashed live-fire military exercises off the coast of Taiwan, simulating a real "reunification by force" operation in the ...
WASHINGTON D.C.: Providing relief to drivers in the United States, the average retail gasoline price in the US fell below ...
Franmil Reyes looks to continue his solid start as a Cub when Chicago visits the Washington Nationals for the rubber ...
After claiming the 10,000th win in franchise history, the visiting Philadelphia Phillies look to start on their second 10,000 and ...
Veteran Charlie Morton struck out 12 in 6 2/3 scoreless innings and Matt Olson drove in three runs as the ...
Yoan Moncada delivered a go-ahead single with two outs in the eighth inning and Jose Abreu had three hits to ...