GFAI - Guardforce stock gains on securing five-year contract by Bank of Thailand
- Guardforce ( NASDAQ: GFAI ) is rising 7.2% premarket after the firm notifies that Guardforce Cash Solutions Security (Thailand) Company Limited, the secured logistic subsidiary of Guardforce AI, has secured a 5-year contract by the Bank of Thailand to manage its Consolidated Cash Centers in the city of Ubonratchathani and the city Phitsanulok in Thailand.
- The contract represents an expansion of its current services provided to the Bank of Thailand.
- The Ubonratchathani CCC’s service covers 6 provinces and Phisanulok covers 13 provinces.
- The contract for the Ubonratchathani CCC is expected to begin in November 2022 and the contract for the Pitsanulok CCC is expected to begin in December 2022.
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Guardforce stock gains on securing five-year contract by Bank of Thailand