Gorilla Reports Milestones Achieved and Financial Resilience
Gorilla Reports Milestones Achieved and Financial Resilience
London, United Kingdom--(Newsfile Corp. - August 26, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today released a letter to its shareholders. The letter is as follows:
倫敦,英國-(新聞發佈公司-2024年8月26日)- 巨猿科技集團股份有限公司(納斯達克:GRRR)("巨猿"或"公司"),今天向其股東發佈了一封信。信件內容如下:
Dear Valued Shareholders,
尊敬的股東:
We are writing to share some important updates that underscore the strong progress and financial health of our ongoing project in the Middle East and North Africa (MENA) region. We have successfully made key deliverables and are thrilled to inform you that payments for these deliverables have been received.
我們寫信與您分享一些重要的更新,這凸顯了我們在中東和北非(MENA)地區正在進行的項目的強勁進展和財務狀況。我們已成功交付了關鍵成果,並很高興地通知您,已收到了這些成果的付款。
There had been some confusion stemming from our recent Form 20-F filing regarding our payment terms for this project. Let us set the record straight: payments are tied to the completion of specific milestones, ensuring that our financials reflect our continued progress and dedication. Gorilla has successfully completed the first two milestones of our major project in the MENA region. All our major clients have completed their payments, resulting in an even stronger financial position for the Company. These achievements have significantly increased our free cash reserves to well over $40 million. Including our restricted capital, we now have over $58 million in current assets. With cash reserves robust and growing, we believe our financial footing is firm. Our financial position is further supported by our real estate holdings, which were recently valued at over $25 million.
最近我們的20-F表格提交後,關於這一項目的支付條款出現了一些混亂。讓我們一切明朗:支付與特定里程碑的完成掛鉤,確保我們的財務狀況反映了我們不斷的進展和專注。Gorilla已成功完成了MENA地區我們重要項目的前兩個里程碑。我們所有主要客戶都已完成了他們的付款,使公司的財務狀況更加堅實。這些成就大幅增加了我們的自由現金儲備,達到了4000萬美元以上。包括受限資本,我們現在擁有超過5800萬美元的流動資產。現金儲備強勁增長,我們相信我們的財務基礎牢固。我們的財務位置受到我們的房地產資產的進一步支持,最近估值超過2500萬美元。
Furthermore, we have obtained an independent valuation of a slice of our intellectual property portfolio and believe that the market value of our IP portfolio is potentially much higher than previously recorded.
此外,我們已獲得對一部分知識產權組合的獨立估值,並相信我們知識產權組合的市場價值可能比之前記錄的要高得多。
We are now entering Phase 3 of the MENA project, the development stage, which will unlock additional revenue streams in 2024 and 2025. This marks a significant step forward in our project delivery and financial growth.
我們現在即將進入MENA項目的第三階段,即開發階段,這將在2024年和2025年爲我們開啓額外的營業收入。這標誌着我們項目交付和財務增長邁出了重要的一步。
Any rumors in the market that payments are to be received only once a year are not true and we apologize for any undue concern such misinformation may have caused.
市場上有關付款只有一年才收到的傳言不是真實的,我們對市場中的這種誤傳給您帶來的任何不必要的憂慮深感抱歉。
We believe our announced projects are all advancing at a remarkable pace, with each milestone met with precision and efficiency. This momentum is a testament to the hard work and commitment of our team and the robust partnership we have cultivated with our shareholders. Our projects in Taiwan are progressing as planned, positively impacting our liquidity and financial stability. We are well underway to achieve our scheduled milestones in October and expect a significant payment on time, in November. These projects underscore our commitment to expanding our market presence and leveraging our technological capabilities across key regions.
我們相信我們已經宣佈的項目都在以非凡的速度前進,每個里程碑都以精確和高效的方式完成。這個勢頭證明了我們團隊的辛勤工作和承諾,以及我們與股東建立的強大合作伙伴關係。我們在臺灣的項目按計劃進行,對我們的流動性和財務穩定性產生了積極影響。我們已經在充分計劃中實現了十月份的里程碑,並預計在十一月準時收到重要款項。這些項目彰顯了我們擴大市場存在和利用我們在關鍵地區的技術能力的承諾。
We are actively managing our financial resources and exploring various financing options to support our growth strategy. Our current cash reserves are sufficient to meet our near-term working capital needs. We are also evaluating alternatives to equity-based financing to ensure we maintain sufficient liquidity to fund additional projects. .
我們正在積極管理我們的財務資源並探索各種融資選擇,以支持我們的增長策略。我們當前的現金儲備足以滿足我們近期的運營資金需求。我們還正在評估非股權融資的替代方案,以確保我們保持足夠的流動性來資助額外的項目。
This strategic business update is a bold testament to our unshakeable belief in Gorilla's intrinsic value and our confidence in its future. By taking these proactive steps, we are not only addressing our current financial strength, but also laying a formidable foundation for sustainable growth and enhanced shareholder value,
這個戰略性的業務更新證明了我們對大猩猩內在價值的堅定信念和對其未來的信心。通過採取這些積極的步驟,我們不僅解決了當前的財務實力問題,還爲可持續增長和提升股東價值奠定了堅實基礎。
To our investors, your support and confidence in our vision are invaluable. We are committed to maintaining transparency and delivering consistent, reliable updates on our progress, including providing our financial results for the first half of this fiscal year by September 30, 2024. The future is bright and together, we are on a path to outstanding success.
對於我們的投資者,您對我們的願景的支持和信心是無價的。我們致力於保持透明,並提供關於我們進展的一致可靠的更新,包括在2024年9月30日前公佈本財年上半年的財務結果。未來是光明的,我們一起走向卓越的成功之路。
For any further information, please reach out to our investor relations team. Thank you for your continued trust and belief in our journey.
如需進一步信息,請聯繫我們的投資者關係團隊。感謝您對我們旅程的持續信任和支持。
About Gorilla Technology Group Inc.
關於Gorilla Technology Group Inc。
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.
總部位於英國倫敦,Gorilla是全球安全情報、網絡情報、商業情報和物聯網技術的解決方案提供商。我們通過使用人工智能和深度學習技術,在政府和公共服務、製造業、電信、零售、運輸和物流、醫療保健和教育等選擇性垂直領域提供智慧城市、網絡、視頻、安全融合和物聯網等廣泛解決方案。
Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.
我們的專長在於革新城市運營,增強安全性和提高韌性。我們提供開創性產品,利用人工智能技術進行智能視頻監控、人臉識別、車牌識別、邊緣計算、事件後分析和先進的網絡安全技術。通過整合這些人工智能驅動的技術,我們賦予智慧城市提高效率、安全和網絡安全措施的能力,最終提高居民的生活質量。
Forward-Looking Statements
前瞻性聲明
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, our expectations to swing to profit in the quarters ahead, Gorilla's strategic shift to enable it to pursue larger projects with better revenue visibility, Gorilla's largest projects and ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on May 15, 2024 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
本新聞稿包含根據1995年《私人證券訴訟改革法》的「安全港」規定的「前瞻性聲明」。 Gorilla的實際成果可能與其期望、估計和預測不符,因此,您不應依賴這些前瞻性聲明作爲未來事件的預測。像「期望」、「估計」、「項目」、「預算」、「預測」、「預期」、「打算」、「計劃」、「可能」、「將」、「可能」、「相信」、「預測」、「潛力」、「可能」 和「持續」等類似表達旨在識別此類前瞻性聲明。這些前瞻性聲明包括但不限於,關於我們對未來營業收入的信念,我們吸引客戶和投資者注意的能力,我們期望在未來季度實現盈利,Gorilla戰略性轉變以使其能夠追求具有更好收入可見度的更大項目,Gorilla的最大項目和贏得額外項目以及執行相關明確合同的能力等前瞻性聲明在2024年5月15日Gorilla向證券交易委員會提交的20-F表格中在「風險因素」標題下描述的風險及Gorilla將來提交給證券交易委員會的任何文件中包括的風險。這些前瞻性聲明涉及重大風險和不確定性,可能導致實際結果與預期結果有重大差異。這些因素大多數超出了Gorilla的控制範圍,並且難以預測。如果這些風險或不確定性中的一個或多個發生,或者底層假設證明不正確,實際結果可能與此類前瞻性聲明所指示或預期的結果大爲不同。敬請讀者注意不要過分依賴任何前瞻性聲明,這些前瞻性聲明僅於其作出日期作出。 Gorilla不承擔更新前瞻性聲明以反映其作出日期後的事件或情況的義務,除非法律或適用法規要求。
Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com
投資者關係聯繫人:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com
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