- 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.
For further details see:
Guardforce stock gains on securing five-year contract by Bank of Thailand