Day: April 11, 2023

Posted on

Peplink Simplifies LoRaWAN Network Deployment with Instant Global 5G/LTE Uplink Capabilities, Joins LoRa Alliance

VILNIUS, Lithuania, April 11, 2023 (GLOBE NEWSWIRE) — Peplink is integrating LoRaWAN functionality into its product portfolio – allowing IoT networks to have instant global cellular connectivity and zero touch deployment capabilities. Furthermore, Peplink also becomes a member of the LoRaWAN Alliance.

Peplink introduces LoRaWAN into its portfolio with Balance 20X LoRaWAN – a flexible LTE router with built-in LoRaWAN gateway functionality. The solution is capable of simultaneous uplink with Cellular, Ethernet and LoRaWAN, allowing fully seamless handoff between any type of uplinks. The router is also integrated with Peplink’s management software features, which allow network managers to effortlessly deploy multiple routers in different locations, visualize real-time network health, and remotely manage the routers and third-party devices within the network – all from a single PC, smartphone or tablet.

Peplink also joins the LoRa Alliance as a member. By joining LoRa Alliance, Peplink is committed to enrich its LoRaWAN-capable range, and to ensure interoperability between its network-supercharging ecosystem and the diverse range of IoT devices within the LoRaWAN ecosystem.

“I am very pleased to welcome Peplink to the LoRa Alliance,” said Donna Moore, CEO and Chairwoman of the LoRa Alliance, “LoRaWAN’s strengths and versatility make it a perfect addition to any multi-technology IoT deployment. By including LoRaWAN in the new Peplink Balance 20X router, Peplink accelerates end-user time-to-market by enabling instant cellular connectivity and remote management of applications. Peplink’s knowledge of multi-technology approaches will be an asset to the alliance and further the adoption of LoRaWAN across all industries.”

“As a member of the LoRa Alliance, we look forward to contributing to the LoRaWAN ecosystem’s development,” said Keith Chau, General Manager of Peplink. “Our industry-leading cellular networking solutions combined with the LoRaWAN standard will enable a new era of low-power, long-range IoT connectivity for various industries, including smart cities, agriculture, and industrial IoT.”

About Peplink
Peplink supercharges connectivity with an industry-leading 5G, LTE & LoRaWAN-capable routers for all levels of networking needs – whether it’s for mission-critical operations or IoT deployment.

About the LoRa Alliance
The LoRa Alliance is a non-profit association of more than 500 member companies, committed to promoting the LoRaWAN standard for low-power, long-range IoT connectivity. The LoRaWAN standard enables a wide range of IoT applications, from smart city to industrial IoT, and provides secure, bi-directional communication between sensors and gateways.

Contact:
Cassy Mak
Marketing Manager
marketing@peplink.com

GlobeNewswire Distribution ID 8805446

Posted on

Vietnamese authorities summon human rights lawyers again

Authorities in Vietnam have sent a second summons to at least two lawyers who defended a Buddhist organization in a case last year, asking the lawyers once again to appear for questioning regarding their public discussion of the case.

Dang Dinh Manh is one of five lawyers who defended six members of the Peng Lei Buddhist House, who were found guilty in July 2022 and sentenced to a combined 23 years and six months for incest and fraud, in violation of Article 331 of the country’s criminal code: abusing democratic freedoms.

While providing legal support to Peng Lei Buddhist Church’s members, Manh and the other four lawyers, Ngo Thi Hoang Anh, Dao Kim Lan, Nguyen Van Mieng, and Trinh Vinh Phuc used the YouTube account Nhật ký Luật sư (Lawyer’s Diary) to post information about the case, making it a common place for their statements. The account no longer has any video content.

The public discussion of the case could also be a violation of Article 331, so authorities in the southern province of Long An issued a summons to the five lawyers on March 6 that required them to report to the police for questioning on March 21. 

Only Trinh Vinh Phuc and Ngo Thi Hoang Anh attended the meeting as requested. So far, neither has disclosed the contents of their meeting.

On Friday, authorities sent a second summons to Manh. According to a copy of the second summons obtained by Radio Free Asia, Manh must report to police on Wednesday. 

At least one of the other lawyers was summoned a second time, one of the lawyers told RFA on condition of anonymity for safety reasons. The unnamed lawyer did not disclose who else had received a second summons. Phuc confirmed that he did not receive a second summons.

RFA attempted to contact the inspector in charge of the case, Hoang Hung, but he did not answer phone calls.

‘Stalinist double-speak’

Article 331 is a violation of international human rights standards, Phil Robertson, deputy Asia director at New York-based Human Rights Watch, told RFA’s Vietnamese Service Monday.

“Given how repressive the government has become, it’s not surprising the authorities are using this article to violate yet another right, which is the right to legal representation and a free and fair trial,” Robertson said. “Hanoi deserves global condemnation for going after the few remaining defense lawyers left in the country working on human rights cases, but really what this shows is what a total and absolute joke the Vietnam judiciary has become.”

He said the Vietnamese government is abusing the article for its own aims. 

“The idea that the exercise of ‘democratic freedoms’ should be used to criminalize defense lawyers like Dang Dinh Manh … shows the Stalinist double-speak that the Vietnam government and Communist Party are engaged in,” he said. “This kind of trial shows clearly that justice is dead in Vietnam under the current single-party, rights-repressing government.”

Player and Referee

On Feb. 8, Lan, one of the lawyers, sent a petition to Vietnam’s leaders and several agencies expressing his concerns over the decision to let the Long An provincial police participate in the probe of the case against the lawyers.

Before the first-instance trial for the six Peng Lei members, the lawyers had sent an 11-page report/petition to various agencies to denounce “signs of seriously violating criminal procedures and judicial activities” in the case.

Apart from his concern over the objectivity of the investigation, Lan also said that because he resides and works in Ho Chi Minh City – where he used Facebook and YouTube channels to post information about the Peng Lei case – Ho Chi Minh City’s police should be the authorized agency to investigate whether he had violated Article 331.

One week later, the Vietnam Bar Federation and the Ministry of Public Security responded to Lan’s petition. However, the Ministry of Public Security’s Inspectorate transferred these responses to Long An’s authorities to handle.

On condition of anonymity, one of the five defense lawyers said the fact that central-level agencies’ failure to timely respond to Lan’s petition showed their negligence to the wrongdoings of prosecuting agencies and the necessity to protect citizens’ legitimate interests.  

Another defense lawyer, who also wished to remain anonymous for safety reasons, also raised questions about the objectivity of assigning Long An Provincial Police to handle the case as this would enable the police “to be both a player and the referee.” He said the Supreme People’s Procuracy should be the agency in charge of the case to ensure objectivity.

Ha Huy Son, a lawyer from the Hanoi Bar Association, however, told RFA that the Long An police were assigned the case against the lawyers in accordance with the law.

Translated by Anna Vu. Edited by Eugene Whong and Matt Reed.

Posted on

GlobeNewswire, Notified’s Newswire Distribution Network, Distributed a Record Number of Press Releases in 2022, Resulting in a 16% Increase Over the Last Two Years

Notified Sees Continued Momentum and Provides Best Practices for Press Release Distribution

NEW YORK, April 11, 2023 (GLOBE NEWSWIRE) — Notified, a globally-trusted technology partner for public relations, investor relations, and marketing professionals today announced that GlobeNewswire has seen a 16% increase in press releases distributed by clients over the last two years. This growth is underscored by a recent study conducted in partnership with PRWeek, which found 79% of public relations professionals believe that press releases are a valuable part of the media mix, with 65% reporting that they work on release content ‘extensively.’

As one of the world’s largest newswire distribution networks responsible for securely and reliably delivering mission-critical communications on behalf of more than one-third of the world’s 2,000 largest companies, GlobeNewswire distributes press releases in 150+ countries and 35 languages to drive visibility for key company news and announcements. It consistently receives praise from customers for offering high-quality support, and earned five badges in the G2 Spring Report 2023, for being highly rated by current users.

Last year, in response to the evolving needs of global businesses, GlobeNewswire added three new Environmental, Social and Governance (ESG) circuits – covering North America, Europe and the Asia Pacific region. Each circuit includes a comprehensive regional distribution network, plus a carefully curated list of journalists who have a special interest in ESG and corporate social responsibility, as well as trades covering environmental and philanthropic topics.

This year, GlobeNewswire is focused on advancing public relations technology by working hand-in-hand with those that will be using it. Just last month it introduced the first generative AI tool for press release creation offered by a newswire service. To learn more and apply for the GlobeNewswire AI press release generator beta, visit https://insight.notified.com/globenewswire-ai.

“GlobeNewswire’s continued growth is proof that the press release isn’t going anywhere – in fact, it’s an absolutely critical communications tool in today’s dynamic business environment for companies to tell their stories,” said Jessica Brown, VP of Marketing, Notified. “For organizations of any size, a press release is an indisputable, single source of truth and is essential to corporate communications strategy. Public Relations pros can gain an advantage by understanding best practices for distribution that directly improve visibility, syndication, and earned media results.”

A Media Snippet accompanying this announcement is available by selecting the image or link below:

GlobeNewswire, Notified’s Newswire Distribution Network, Distributed a Record Number of Press Releases in 2022, Resulting in a 16% Increase Over the Last Two Years: Notified Sees Continued Momentum and Provides Best Practices for Press Release Distribution

The following tips, outlined in Notified’s latest eBook, “How to Improve Your Media Outreach in 2023” – provide guidelines for communicators to optimize ROI for press releases:

  • Understand SEO: improve search engine optimization by aligning keywords with messaging and target audience in a natural way. Remember that the first line presented in the press release is what will be viewed in Google search results.
  • Think Like a Journalist: be impartial and tactical with writing to create snappy, easy-to-read press releases – avoid jargon and be sure to lead with newsworthy facts, using quotes and data as proof points.
  • Use Multimedia to Improve Results: create a more comprehensive and engaging press release by including embedded (and downloadable) images, videos, audio clips, graphics, and other media. In the alternate text for images, add keywords or related search terms to increase search results. Use compressed images and standard file extension names such as .jpg or .jpeg and descriptive titles.
  • Leverage Your Online Newsroom: in a challenging media environment, the newsroom serves as a resource of up-to-date, easy to consume content and a source of information that journalists and stakeholders trust.

To learn more about GlobeNewswire, visit: https://www.globenewswire.com/

About Notified
Notified is committed to making it easy for brands to create and share powerful stories with the world. Our suite of world-class, award-winning solutions and our dedicated customer service team are relied upon by more than 10,000 global customers, from growing businesses and public companies to some of the world’s most recognizable brands.

Notified’s solutions help businesses effectively share and amplify their stories—to customers, investors, employees and the media. From press release distribution via GlobeNewswire to earnings calls, IR websites, social listening, media engagement, webinars and digital experiences, Notified has you covered. Notified is a part of West Technology Group, LLC (formerly Intrado Corporation) controlled by affiliates of certain funds managed by Apollo Global Management, Inc. (NYSE: APO). Notified is headquartered in New York, N.Y.

Learn more at www.notified.com or follow us on LinkedIn, Twitter, or our blog.

Contact:
Hannah Freedman
Director, Media and Communications
hannah.freedman@notified.com

GlobeNewswire Distribution ID 8805308

Posted on

[INVNT GROUP]™ and MSM Form Strategic Partnership to Enhance Global Marketing Power of Talent and Brands across Motorsport Industry

New York, NY, April 11, 2023 (GLOBE NEWSWIRE) — [INVNT GROUP] THE GLOBAL BRANDSTORY PROJECT™ and MSM, the global talent and motorsport agency announce a strategic business partnership offering best-in-class marketing and commercial solutions for talent, brands, and events across motorsports, entertainment and beyond.

With over 40 years of experience and a proven track record of building standout relationships between brands, drivers, teams, and championships at the pinnacle of motorsport, MSM has developed an approach that is tailor-made for clients to unlock their full potential across sponsorship, hospitality, and bespoke events.

MSM specializes in identifying, nurturing, and supporting partnerships for brands and racing talent, providing lifelong value across every facet of the motorsport industry.

Led by Scott Cullather, CEO of INVNT.ATOM and President and CEO of [INVNT GROUP], the GROUP represents a growing portfolio of complementary disciplines designed to help forward thinking brands everywhere, impact the audiences that matter, anywhere, including Lamborghini, Samsung, General Motors, Meta, PepsiCo, Rolls Royce and more. [INVNT GROUP] was recently named Best Global Media Agency by Autocar for the 2023 Automotive Marcomm Awards.

[INVNT GROUP] consists of modern brand strategy firm, Folk Hero; creative-led culture consultancy, Meaning; production studio & creative agency, HEVĒ; events and experiences for colleges and universities, INVNT Higher Ed; digital innovation and Web3 division, INVNT.ATOM; Hypnogram, the creative multimedia experience studio; and INVNT, the original Challenge Everything™ live brand storytelling agency.

“Our partnership with MSM is driven by our commitment to innovation-led brand storytelling across industries including automotive and motorsports, which continue to push culture forward. The MSM team brings a dynamic and historied expertise of the motorsport and entertainment sector. Our global [INVNT GROUP] team strategically leads brands and organizations towards the next frontiers of engagement and community building, activating impactful campaigns at scale. We’re excited to explore the boundless possibilities of this partnership, providing access to and opportunities with world-class experiences and brands,” said Scott Cullather, President & CEO of [INVNT GROUP] and CEO of INVNT.ATOM.

MSM take pride in their longstanding association with the prestigious SCUDERIA FERRARI, the most successful and the most legendary motorsport brand globally, as well as their role as a certified introducer for several teams across Formula 1™, the FIA World Endurance Championship and MotoGP™, granting unique access to next-level commercial opportunities with each brand.

Racing talent currently managed by MSM includes Ferrari stars Giancarlo FISICHELLA, Antonio FUOCO and Antonio GIOVINAZZI. Team partners also include AF CORSE, a leader in the world of Hypercar and GT racing with Ferrari.

“We are thrilled to partner with [INVNT GROUP] and fuse our expertise in motorsport with their innovative portfolio of disciplines, fueling our brand storytelling capabilities across strategy, culture, experiential, digital, and Web3. Combined with the group’s geographic spread across the world – which sync seamlessly with our key regional markets – this collaboration will undoubtedly strengthen our position as the go-to agency for all things motorsport, and we look forward to delivering even greater value and success for our clients,” noted Enrico Zanarini, Founder and CEO of MSM.

ABOUT [INVNT GROUP]

[INVNT GROUP] was established as an evolution of the founding global live brand storytelling agency INVNT in 2008, with a vision to provide consistent, meaningful, well-articulated BrandStory across all platforms.

With offices in New York, Sydney, London, Singapore, Dubai, San Francisco, Stockholm, Detroit, and Washington D.C.; headed by President and CEO, Scott Cullather, [INVNT GROUP], THE GLOBAL BRANDSTORY PROJECT represents a growing portfolio of complementary disciplines designed to help forward-thinking organizations everywhere, impact the audiences that matter, anywhere.

The GROUP consists of modern brand strategy firm, Folk Hero; creative-led culture consultancy, Meaning; production studio & creative agency, HEVĒ; events for colleges and universities, INVNT Higher Ed; digital innovation division, INVNT.ATOM; creative multimedia experience studio, Hypnogram; and the original live brand storytelling agency, INVNT.

For more information visit: https://invntgroup.com/

 

ABOUT MSM

MSM is a leader in the world of motorsport and has been fostering standout relationships between brands, drivers, teams and championships for over 40 years.

The team specialises in individual and corporate management, offering clients their expertise across the marketing mix. MSM is active in sponsorship facilitation, commercial opportunity development and execution, client representation, tailored hospitality offerings, and managing bespoke events on and off track.

Having spent four decades in the most innovative sporting environment, MSM has developed an approach that is tailor-made for partners to unlock their full potential.

MSM’s deep insight and unparalleled know-how enable their partners to connect with both new and existing audiences in an authentic way, while also delivering measurable commercial impact.

For more information, https://msmgroup.com

Attachment

For MSM Inquiries
Blake Martinelli
Blake@msmgroup.com

For [INVNT GROUP] Inquiries:
Jhonathan Mendez de Leon
Jmendezdeleon@invnt.com

GlobeNewswire Distribution ID 8805728

Posted on

Fortinet Releases its 2022 Sustainability Report

Fortinet’s Inclusion in S&P Global Sustainability Yearbook 2023 Further Recognizes Company’s Strong ESG Performance

SUNNYVALE, Calif., April 11, 2023 (GLOBE NEWSWIRE) —

Barbara Maigret, SVP, Global Head of Sustainability at Fortinet
“Sustainability is central to our company vision: making possible a digital world you can always trust. In Fortinet’s 2022 Sustainability Report, we are proud to share the progress we’re making in embedding ESG into our business and addressing cybersecurity as a sustainability issue to build a more sustainable world and safer internet. This year’s report also supports our commitment to transparency toward our stakeholders with the inclusion of additional disclosure against the United Nations Sustainable Development Goals (UN SDGs) and the Task Force on Climate-Related Financial Disclosures (TCFD) index.”

News Summary
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today released its 2022 Sustainability Report, detailing the company’s progress on priority sustainability issues affecting Fortinet, its customers, and other stakeholders.

Fortinet’s corporate social responsibility mission is focused on delivering innovative sustainable security technologies, diversifying cybersecurity talent, and promoting responsible business across its value chain. In 2022, Fortinet was named to Dow Jones Sustainability World and North America Indices among the top sustainable companies in the Software industry, and included in the S&P Global Sustainability Yearbook 2023 – the world’s most comprehensive publication on corporate sustainability.

Highlights from Fortinet’s 2022 Sustainability Report include:

  • Progress on Fortinet’s commitment to net zero: In September 2022, Fortinet signed on to the Science-based Target Initiative (SBTi) commitment to achieve net-zero greenhouse gas emissions across its value chain by no later than 2050. This year, the company disclosed its Scope 3 emissions, capturing the 12 categories relevant to the company as defined by the GHG Protocol.
  • Leadership in product energy efficiency: Fortinet continues to improve the power efficiency of its FortiGate Next-Generation Firewall appliances across generations. The FortiGate F series models launched in 2022 consume 66% less power on average than the previous generation of equivalent models, helping customers reduce their electricity bill and GHG emissions.
  • Use of eco-friendly packaging: Fortinet has been redesigning its product packaging to replace plastics with biodegradable paper, cardboard or recycled by-products and to remove plastic bags for elements like antennas and other accessories. In 2022, Fortinet shipped over 500,000 boxes with 100% eco-friendly packaging.
  • Fostering diversity, equity, and inclusion (DEI): Fortinet’s focus on promoting gender diversity among its workforce resulted in a 39% increase of women hired compared to 2021. The company has also further formalized its DEI organizational governance by establishing its DEI Organizing Committee and its Council.
  • Progress toward our goal to train 1 million people in cybersecurity by 2026: In 2022, Fortinet empowered over 219,000 individuals to reskill or expand their skills for a career in cybersecurity through various initiatives sponsored by the Fortinet Training Institute, which aims to address the industry talent shortage.
  • Partnership against cybercrime: Fortinet has been an active contributor in anticipating, analyzing, and disrupting cybercrime in 2022 through several partnerships and joint initiatives such as Interpol’s anti-cybercrime operation in Africa and the World Economic Forum’s Cybercrime Atlas project that aims to map major cybercrime syndicates.

Fortinet’s Sustainability Report references the Task Force on Climate-related Financial Disclosures (TCFD), the Global Reporting Initiative (GRI) Standards, Sustainability Accountability Standards Board (SASB) Standards and the United Nations Sustainable Development Goals (UN SDGs). The report details Fortinet’s progress and metrics across the following eight priority issues: cybersecurity risks to society; information security & privacy; product environmental impacts; environmental management & climate change impacts; diversity, equity and inclusion; cybersecurity skills gap; business ethics; and responsible product use.

Additional Resources

About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

FTNT-O

Copyright © 2023 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

 

Media Contact: Investor Contact: Analyst Contact:
Stephanie Lira Peter Salkowski Brian Greenberg
Fortinet, Inc. Fortinet, Inc. Fortinet, Inc.
408-235-7700 408-331-4595 408-235-7700
pr@fortinet.com psalkowski@fortinet.com analystrelations@fortinet.com


GlobeNewswire Distribution ID 8805698

Posted on

Gorilla Technology Group Announces Intention to Acquire Bacom Internetwork

Acquiring Thailand-based systems integrator and provider of Smart Cities solutions is key step in Gorilla’s global expansion strategy

LONDON, April 11, 2023 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it has entered into a non-binding Letter of Intent (“LOI”) to acquire Thailand-based Bacom Internetwork.

Since 2011, Bacom Internetwork has been a pioneering distributor and systems integrator of some of the most intelligent and innovative security technologies in Thailand. Bacom is a leading provider of Smart City Infrastructure solutions, including Apismart, a Smart Building solution it developed that improves living standards through Smart Security and Smart Ecosystem, contributing to a smarter and safer world.

Tanakrit Rojanasiraprapa, Managing Director for Bacom, believes that this transaction has the potential to be transformational to both Bacom and Gorilla. “We have learned a lot about being a systems integrator and building effective Smart Building solutions. Over the course of the last decade, we had to build solutions that were unique and that needed to stand out. It was more than just having the right strategy; it was about designing customized solutions that specifically suit each customer’s needs.

“Gorilla is a partner of the highest calibre. They have developed sophisticated and powerful technology for strong reference customers across Southeast Asia. Partnering with Gorilla will help us build a healthy pipeline and accelerate our ability to reach a larger customer base in Thailand,” added Rojanasiraprapa.

“Companies must invest in building strong customer relationships while continuously investing in and improving their technology and offerings to stay competitive in an ever-evolving market,” said Jay Chandan, Chairman and CEO of Gorilla. “The acquisition of Bacom is compelling in many ways. Thailand is a key strategic market for us and this allows us to expand our footprint in a country that is going through a technology leapfrog event. Second, it is consistent with our strategy of global expansion and our commitment to delivering long-term growth. And finally, it allows Gorilla to take the solutions built by Bacom to key markets in MENA and Europe.”

“We are witnessing the Asia phenomenon of Smart City developments, which is unique and quickly urbanizing in the global economy. Combining Bacom’s impressive team and product portfolio with Gorilla will help create a strong Smart City solutions platform, capable of delivering economic, environmental, and social benefits,” said Lawrence Ng, Head of Asia for Gorilla.

Following this signing, Gorilla has commenced business, financial and legal due diligence. Gorilla will continue negotiations on the acquisition with the aim of reaching a final purchase agreement in the next 90 days. The LOI includes a 60-day exclusivity period, subject to extension by Gorilla.

About Gorilla Technology Group Inc.
Gorilla, headquartered in London U.K., is a global solution provider in security intelligence, network intelligence, business intelligence and IoT technology. Gorilla develops a wide range of solutions including Smart Cities, Smart Retail, Enterprise Security, and Smart Media. In addition, Gorilla provides a complete Security Convergence Platform to government institutions, telecom companies and private enterprises with network surveillance and cyber security.

Gorilla places an emphasis on offering leading technology, expert service, and precise delivery, and ensuring top-of-the-line, intelligent and strong edge AI solutions that enable clients to improve operational performance and efficiency. With continuous core technology development, Gorilla will deliver edge AI solutions to managed service providers, distributors, system integrators, and hardware manufacturers. For more information, please visit our website: Gorilla-Technology.com.

About Bacom Internetwork Co., Ltd.
Since 2011, Bacom Internetwork Co., Ltd. has been the systems integrator and distributor of some of the most intelligent and innovative security technologies in Thailand. Bacom’s team are highly knowledgeable and experienced in security system integration. Together with their professional team of skillful technical and engineering specialists, clients are serviced by the best in class design, recommendations and state of the art SMART Building solutions that is tailor made to meet the ever-changing security demands of their businesses.

Forward-Looking Statements
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 potential synergies between Gorilla and Bacom, management’s expectations of Gorilla in the event an acquisition is consummated, along with those other risks described under the heading “Risk Factors” in the prospectus Gorilla filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2023, 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.

Contact
Jeff Fox
The Blueshirt Group for Gorilla
+1 (415) 828-8298
jeff@blueshirtgroup.com

GlobeNewswire Distribution ID  8805334