Guardforce AI Issues Shareholder Letter

NEW YORK, NY / ACCESSWIRE / January 5, 2022 / Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ:GFAI)(NASDAQ:GFAIW), today issued a letter to shareholders from Terence Yap, Chairman of Guardforce AI.

Dear Shareholders,

2021 was a pivotal year for Guardforce AI. We continued our expansion from a cash logistics business to an integrated security solutions provider and entered the U.S. capital markets. We founded Guardforce AI in 2018 to acquire Guardforce Cash Solutions Security (Thailand) Co., Ltd., or GF Cash, a secured logistics company with almost 40 years of experience delivering comprehensive services for door-to-door cash collection and delivery, supporting banks, government organizations, multinationals, blue-chip companies, SMEs and retailers in Thailand. Today, we have rapidly evolved through a series of organic growth strategies and acquisitions to provide secured logistics, robotics applications, and cybersecurity services in Asia and the U.S.

In 2020 we introduced robotics solutions for our customers in Thailand and the Asia Pacific region with the launch of AI-powered robots managed by an Intelligent Cloud Platform (ICP) for deployment to medical institutions, office buildings, business units, campuses, residential communities, and apartments. As robotics revenues continue to scale during 2021, we entered two new growth markets within the Asia Pacific region via the merger of Macau GF Robotics Limited and GF Robotics Malaysia Sdn. Bhd, which is expected to close early in 2022. Both locations provide great opportunities for robotics solutions, especially in the education, hospitality, retail, and corporate sectors in this fast-growing region.

Our robotics segment continued to expand with the recent proposed acquisition of SBC Global Holdings Inc in the United States. The company provides autonomous robotics solutions that drive business continuity and community health – enabling healthier, safer, and more efficient offices, residential and commercial real estate, schools, airports, and many other sectors. We believe the acquisition will further empower our operations and ability to deploy robotic and technology solutions in the United States and Canada. This acquisition is also expected to close early in 2022.

In 2021 our journey towards diversifying our service offerings and geographic reach also grew with a majority acquisition of Handshake Networking Limited. Established in 2004, Handshake is a premier information security consultancy providing network security to multinational corporations in Hong Kong and around the world. The company offers a wide variety of information security consultancy services, including penetration testing and vulnerability assessment, information systems audit, consultancy, computer forensics, and security awareness training.

Taken together, our strategic acquisitions and geographic expansion have made Guardforce AI a globally integrated security solutions provider in cybersecurity, artificial intelligence, robotics, and related fields. We believe diversifying our service offerings, international reach and revenue streams will continue as the security industry increasingly adopts advanced technologies and physical security and cybersecurity converge.

Throughout 2021 our ability to achieve our growth strategy and seek new opportunities was supported by our secure logistics business in Thailand. During the year we were selected as the authorized operator of the Consolidated Cash Center in the Khon Kaen province of Thailand and Consolidated Cash Center (CCC) for Hadyai CCC, each for five years. Winning these bids is further evidence that we are increasing our stature with the Thai government while also increasing our market-leading position in the cash center outsourcing market.

Operationally, 2021 was marked by our entrance into the U.S. capital markets with a successful initial public offering with gross proceeds of approximately $15 million, before underwriting discounts and other offering expenses. Combined with our over $7.7 million cash balance as of June 30, 2021, we are confident our acquisition program will have sufficient capital to fund its pipeline of accretive new partnerships. The listing of our shares on the Nasdaq represents a significant milestone for Guardforce AI. We believe a Nasdaq listing will help elevate the Company’s public profile, expand our shareholder base, improve liquidity and enhance shareholder value.

Looking ahead, our momentum will continue to build as we focus on expanding our Robots as a Service (RaaS) platform to efficiently offer more AI value-added services for our customers. We are accelerating the development of new cybersecurity and robotics/AI applications in response to market needs and feedback from our customers. We will continue to seek strategic opportunities to acquire or partner with leading security industry companies to enhance our technology capabilities and expand our international presence.

To our shareholders and all our partners, thank you for your continued support, and I look forward to another year of success in 2022.


Terence Yap
Chairman of Guardforce AI

ABOUT Guardforce AI

Guardforce AI Co. Ltd. (NASDAQ:GFAI)(NASDAQ: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

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. We make such forward-looking statements pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act, Section 21E of the Securities Exchange Act of 1934, as amended, and other federal securities laws. Forward-looking statements provide our current expectations or forecasts of future events. Forward-looking statements include statements about our expectations, beliefs, plans, objectives, intentions, assumptions, and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on reasonable assumptions we have made in light of our industry experience, perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you read and consider this press release you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control), and assumptions, including the risks described in the reports and other documents we file with the Securities and Exchange Commission. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect or change, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date of this press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as may be required by law.


Corporate Contact:
Yu Hu
Phone: (+852) 2838-3500

Media Relations:
Patrick Yu
Phone: (+852) 2586-7877

Investor Relations:
Shannon Devine
Phone: +1 203-741-8811

SOURCE: Guardforce AI Co., Limited

Guardforce AI Announces Planned U.S. Expansion with Proposed Acquisition of SBC Global Holdings Inc.

NEW YORK, NY / ACCESSWIRE / December 9, 2021 / Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ:GFAI, GFAIW), an integrated security solutions provider in Asia, announced today its proposed U.S. expansion plans with the acquisition of New Jersey-based SBC Global Holdings Inc. (“SBC”). As part of the acquisition, Robert Shiver, Chairman and CEO of SBC, will continue to lead the firm. The proposed acquisition is expected to be completed by January 31, 2022.

The purchase price is expected to be one times SBC’s 2021 audited total assets, which the parties expect to be approximately $2 million. The purchase price will be paid in a mix of cash (10%) and Company equity (90%). The parties expect to value the equity portion of the purchase price based upon a price of $4.20 per Company share. The equity portion of the purchase price will be subject to vesting over a two-year period and locked-up until vested. The acquisition of SBC is subject to, among other things, the satisfactory completion of due diligence by the Company, the entry into definitive agreements and any required third-party consents.

Terence Yap, Chairman of Guardforce AI, commented, “As a Singapore-headquartered company, we view the United States and Canada as incredibly important markets and a priority for our global expansion plans. This development is part of our ongoing commitment to working with innovative businesses around the world with the goal of expanding the reach of our core offerings globally.”

Robert Shiver, Chairman and CEO of SBC, added, “We are excited to work with Guardforce AI as they expand into the U.S. market. Given Guardforce AI’s well-established international operations, presence and diversified set of AI solutions, SBC will now have potentially greater opportunities in terms of additional and diverse revenue streams. We have great confidence that this acquisition will aid our growth not only in the United States, Canada but also in Southeast Asia.”

SBC offers robotic Technology-as-a-Service (“TaaS”) to customers and clients in the educational, residential, healthcare, and transportation sectors in the U.S and has offices in New Jersey and New York. The acquisition is expected to further enable Guardforce AI’s operations and ability to deploy its roll out of additional robotic and technology solutions in the United States and Canada.

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

About SBC Holdings

SBC Holdings provides autonomous robotics solutions that drive business continuity and community health – enabling healthier, safer and more efficient offices, communities’ commercial real estate, schools, airports and many other sectors. Leveraging decades of combined management experience developing smart buildings, campuses, and cities around the world, SBC is committed to increasing the asset value of commercial properties while attracting and maintaining valuable tenant share in this competitive market. For more information, please visit

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
Phone: (+852) 2586-7877

Investor Relations
Shannon Devine
Phone: +1 203-741-8811

SOURCE: Guardforce AI Co., Limited


SBC Launches Premier Technology Partner Program with First Partner

[New York, NY – Sept. 27, 2021] SBC Global Holdings, Inc, (New York), a leading robotic technology services company announces the launch of their Premier Technology Partner Program with Haig Service Corporation as its first Premier Technology Partner.

Haig Service Corp. is a leading commercial fire, security, and life safety services company with branches in New Jersey and Florida, and has over 50 years of experience protecting millions in commercial and residential investments as well as those that live, learn, and work within them. The Haig teams will be leveraging SBC’s Cobotic TaaS Subscription Model to provide access to an ever-increasing portfolio of robotics and related technology solutions to their existing customers.

This partnership establishes an important bond with the Electronic Security Sector and will optimize SBC’s Cobotic TaaS Model and strategic expansion in the North and Southeast.

The Premier Technology Partner Program provides SBC partners the advantage of an exceptional system of marketing, training, distribution, and white-glove product support fostering an informative and valuable customer experience for the whole of the customer journey.

The program will expand and enhance SBCs Essential Services offerings for preventative and protective solutions from the unseen as it helps thousands of fire, security, and life safety service partners, nationally, to adapt to the “new norm” with cobotic technology solutions and advanced COVID-response.

“We’re thrilled to be the first SBC Premier Technology Partner. Our partnership is an enormous leap forward in our business plan aimed at restoring and securing propinquity for the “new normal” businesses and communities we serve. The Haig Team can now add deployment of next-gen Cobotics on the first-in-class SBC Data Network, to our existing fire, security, and life safety systems offerings,” said Richard D. Haig, President, and CEO of Haig Service Corporation.

“We’re excited to have Haig Service Corporation as our first SBC Premier Technology Partner. On behalf of SBC, I welcome Haig’s team to this collaboration and look forward to deploying SBC’s Cobotic TaaS Model to their existing fire, security, and life safety customers,” said Robert Shiver, Chairman, and CEO of SBC Cobotics.

SBC will continue its expansion and market growth throughout North America with the SBC Premier Technology Partnership Program. We are looking forward to continuing to fulfill our commitment to creating safer, healthier, and more efficient communities for all.

About Haig Service Corporation
Haig Service Corporation is a leading east coast commercial fire, security, and life safety services company with branches in New Jersey and Florida. Their mission for over 50 years has been empowering safety in numbers where you live, learn, earn, pray, and play.

About SBC Cobotics
SBC Cobotics (SBC Global Holdings, Inc.) is a leading NY-based robotic technology services company that helps businesses create safer, healthier, and more efficient environments everywhere people gather. We collaborate with communities to manage the adoption of an ever-expanding range of autonomous robotic technologies that perform services alongside people to make them more productive, more comfortable, and more confident in the built spaces they share.

SBC Announces Partnership with SoftBank Robotics America

The collaboration will scale SBC’s subscription smart building offerings starting in New York City, Austin and Miami, allowing clients to gain insights from data integration, confirmed cleans, and near-time analytics while reaping the benefits of community health and safety.

SBC Global Holdings Inc. (SBC), an autonomous robotics and technology services company in the commercial real estate, educational and related sectors, has partnered with Softbank Robotics America (SBRA), a leading cobotics and automation company, to help enable safer, cleaner, and healthier environments for people to confidently reoccupy.

The partnership allows SBC to leverage SBRA’s expertise in robotic automation solutions to further the mission of its technology services and Global Data Network: to make buildings smarter through AI technology.

“The New York City market leads the way in its requirement to return to business because so much of the city is economically interdependent — from the many corporate office buildings to hotels, restaurants, theaters, schools, and gyms”, according to Robert Shiver, CEO, and Chairman of SBC Global Holdings.

These new solutions will be offered through SBC’s product and subscription service models to deliver added value to clients by providing industry-leading customer support and premium services that ensure a long-term, collaborative relationship focused on leadership in commercial and related space innovation.

Supporting SBC’s goal to become a leader in providing autonomous robotic technology solutions in the Americas, it has established New York City, Austin, Texas, and Miami as its initial services footprint.

“Because these places rely on consumer, tourist, and, most importantly, employee confidence there is a real and growing need for powerful, reliable, efficient, and yet, cost-effective disinfectant solutions for public spaces — to guarantee the removal of infectious diseases like COVID-19 and its variants. We believe autonomous robotics are critical to helping us ensure communities like New York City get back to healthy, safe, and more efficient environments including offices, schools, and restaurants.”

“Our Whiz solution has proven effective in helping facilitate healthier and safer environments by integrating with workplace innovation leaders, enabling teams to be more efficient and effective”, said Brady Watkins, EVP and General Manager of SoftBank Robotics America. “We are excited to partner with SBC as together we will enable a broader reach of our solutions, including Whiz, to continue improving people’s confidence in returning to physical spaces.”

About SBC Global Holdings Inc.
SBC Global Holdings Inc. is a premier solutions provider of Technology as a Service (TaaS) and Robotics as a Service (RaaS) in the Americas. We enable safer, cleaner, healthier, and more efficient communities using Autonomous Mobile Robotics (AMR) integrated with the SBC Data Network to provide exceptional shareholder and stakeholder value.

About SoftBank Robotics America
SoftBank Robotics is driving technology forward as a worldwide leader in robotics solutions. Rapidly expanding with offices in Tokyo, Paris, London, San Francisco, Boston, Shanghai, Beijing, Shenzhen, Hong Kong, Singapore, Seoul, and Sydney, SoftBank Robotics is constantly exploring and commercializing robotics solutions that help make people’s lives easier, safer, more connected, and more extraordinary. There are currently over 30,000 SoftBank Robotics robots used in more than 70 countries worldwide offering innovative applications relevant in the fields of retail, tourism, healthcare, finance, education, facilities management, and cleaning. For more information on SoftBank Robotics America, please visit