Gorilla Technology Group Ord Shs - GRRR STOCK NEWS

Gorilla Technology Group Inc. (NASDAQ: GRRR) has appointed Satish Venkatesan as Chief Solutions Strategist - Americas, effective April 14, 2025. Venkatesan, with nearly 30 years of experience in product engineering and emerging technologies, will lead the company's solution strategy and innovation expansion across key American markets including the US, Brazil, Colombia, Panama, Peru, and the Amazon-connected smart infrastructure corridor.

Venkatesan joins from Cognizant Technology Solutions, where he managed parts of their $2 billion financial services portfolio and led initiatives in platform modernization and Generative AI adoption. The appointment aligns with Gorilla's focus on scaling AI-powered urban systems and public safety initiatives throughout the Americas.

Additionally, the company provided an update on its share buyback programme, reporting over $4.5 million in shares repurchased to date out of a total authorized allocation of $10 million. Management affirmed their commitment to continue the buyback, citing belief in the company's undervalued market position.

Gorilla Technology Group (NASDAQ: GRRR) has announced a strategic partnership with Toyota Material Handling Solutions (Thailand) to develop intelligent warehouse automation technologies. The collaboration combines Gorilla's AI Appliances with Toyota's logistics expertise to create next-generation smart warehousing systems.

The partnership aims to address operational challenges including incorrect part requisitions, warehouse inefficiencies, and work delays by implementing intelligent solutions. The initial rollout will begin in Thailand with plans for global expansion, focusing on delivering measurable improvements in operational efficiency and customer satisfaction.

The collaboration is structured as a long-term strategic relationship, targeting multi-year SaaS-based revenue opportunities through the deployment of Gorilla's AI solutions across Toyota's customer network.

Gorilla Technology (NASDAQ: GRRR) reported strong financial results for fiscal year 2024, exceeding guidance across key metrics. Revenue reached $74.67M, up 15.4% from 2023, with gross margin at 50.0%. Adjusted EBITDA was $20.62M, surpassing estimates by 76.2%. While reporting a net loss of $(63.99M) due to non-cash accounting items, adjusted net income excluding one-offs was $21.32M.

The company ended 2024 with $37.47M in total cash position and reduced debt to $21.4M. Gorilla's pipeline exceeds $6.6B in qualified leads, with over $2B in projects signed in recent months. The company has increased its 2025 revenue guidance to $100-110M, reflecting confidence in growth trajectory through global expansion across USA, MENA, Asia, South America, and UK.

Gorilla Technology Group (NASDAQ: GRRR) has announced its upcoming conference call to discuss full year 2024 financial results. The call is scheduled for March 31, 2025, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time).

The company will release its financial results via press release prior to the call. Participants can join through the following options:

• Toll-Free: +1-844-763-8274
• International: +1-647-484-8814

Attendees are advised to dial in 5-10 minutes before the start time. The conference will also be available via live webcast at https://www.gowebcasting.com/13644. For technical assistance, RedChip Companies can be contacted at 1-407-644-4256.

Gorilla Technology Group Inc. (NASDAQ: GRRR) has issued a statement addressing recent market developments. The company strongly refuted allegations made by individuals who are currently facing charges from both the SEC and DOJ for fraud and market manipulation.

In response to recent short selling pressure and the resulting share price decline, the company's Board of Directors has reaffirmed their commitment to utilize remaining funds from their previously announced share buyback program following the release of 2024 earnings statement. Additionally, a significant portion of the Board and the entire executive management team have expressed their intention to purchase shares after the earnings release.

The company maintains that its shares are deeply undervalued and has engaged legal counsel across multiple jurisdictions to address the situation.

Gorilla Technology Group (NASDAQ: GRRR) has raised its 2025 revenue guidance to $100-$110 million from the previous $90-$100 million estimate, following its appointment as the exclusive AI & digital infrastructure partner for the newly launched Global Edge Worldwide Fund.

The $100 billion infrastructure fund, led by CEO Renato Costa of Brazil Invest-Abu Dhabi Investment Fund, will allocate:

• $20 billion for United States investments
• $80 billion for South American investments
• $20 billion specifically earmarked for Gorilla's digital transformation solutions

Additional initiatives include:

• Appointment of Gorilla CEO Jay Chandan to Global Edge Fund's Board of Directors
• Creation of a $20 billion EMEA-focused fund
• Establishment of a $50-$100 billion Southeast Asia fund, with $20-$40 billion dedicated to Thailand's infrastructure projects

ONE AMAZON, a rainforest conservation initiative, has secured a $100 million commitment from Global Edge Worldwide Fund. The project aims to transform the Amazon Rainforest into an investable asset using technology and sustainable finance.

Gorilla Technology (NASDAQ: GRRR) joins as a minority investor and key technology partner, deploying AI-driven data intelligence and IoT solutions to create the Internet of Forests™ (IoF™) - a large-scale environmental intelligence network for real-time monitoring and monetization of the rainforest's ecological value.

The initiative involves multiple strategic partners: PSG Digital will lead blockchain and tokenization development, while Gorilla Technology will implement AI-powered analytics, biodiversity tracking, and blockchain verification models. The project aims to protect the Amazon while generating economic value, transforming environmental protection into a market-driven investment opportunity.

Gorilla Technology Group (NASDAQ: GRRR) has officially launched the initial phases of Thailand's largest AI-driven energy transformation initiative with Thailand's Provincial Electricity Authority. The $1.8 billion project, spanning 15 years, aims to digitally modernize Thailand's power infrastructure through AI, automation, and cybersecurity integration.

The project is now entering the structured definition phase to develop foundational scope, deployment strategies, and operational frameworks. The launch ceremony included representatives from the Electricity Authority and British Government, highlighting the initiative's global significance.

The transformation focuses on creating an intelligent infrastructure designed for future energy demands, with groundwork beginning in 2025. Major financial and operational impacts are expected from 2026-2027 onwards as full implementation frameworks are established.

Gorilla Technology Group (NASDAQ: GRRR) has issued a response to recent online speculation, defending its business fundamentals and operational transparency. The company emphasizes several key points:

• Collection of majority of Accounts Receivable in August 2024
• Current contract backlog of $93 million for 2025
• Revenue guidance of $90-100 million for the current year
• Pipeline growth from $2 billion to $6 billion
• Recent signing of $1.8 billion MoU for Thailand's electricity grid modernization

The company confirms its upcoming financial disclosures, including Full Year 2024 results on March 31, 2025, and 20-F filing on April 15, 2025. Gorilla also highlights its evolution into an AI-driven Smart City solutions provider and announces plans to achieve full Sarbanes-Oxley compliance for 2024, ahead of schedule.