Thailand’s most popular coffee chains.

Established in 2002, Café Amazon, Thai brand flagship coffee house chain of PTT Oil and Retail Business Plc. (OR), has developed its business at the PTT Station under a concept of green café for travelers, which was inspired by a coffee story in Amazon forest in Brazil. Over 22 years, it has become the Brand Love among Thai customers, proved by the number of over one million cups sold per day, or 370 million cups per year. The number is projected to grow up by 5-10% per year.

OR Ecosystem: From strong upstream, through a secured midstream, to a sustainable downstream, all interconnects with Café Amazon’s value chain.

Café Amazon has preserved its premium quality production and service in all stages for serving high standard beverages to customers. This aligns with OR’s unique interpretation of the SDG framework’s core principles for achieving sustainability. SMALL (S) means creating opportunity for communities, DIVERSIFIED (D) for creating opportunities for diversified growth and finally GREEN (G) for creating sustainable opportunities

Its initiative project of sustainable coffee plantation development is Café Amazon’s green flagship policy for moving ahead to low carbon society and net zero emission by enhancing “upstream” development. The pilot project was introduced in Chiang Mai’s Mae Chaem district, Nan’s Pua district and others area in northern Thailand where farming was closely associated with single crop plantations such as maize, rice, pumpkin and red onion. The unfriendly environmental practices such as slash and burn agriculture, heavy chemical and pesticide use are regarded as the major causes for the forest deterioration and PM 2.5 haze pollution as a result of man-made forest fire.

OR team has met with the local farmers to propose an idea of Smart Coffee Farm, inviting them to produce high quality coffee plantation under the Good Agriculture Practices (GAP), which is the standard for ensuring food safety to consumers and environment. The coffee farmers have finally agreed to plant the best premium coffee along with a practice for conserving and preserving the forest ecological system by planting coffee under the forest trees. Importantly, the company has offered a fair price to coffee farmers, which is the appreciated pathway to provide better livelihood and sustainable growth to the communities. The project has continued its long journey for over a decade.

For the midstream, OR has invested in the technology of renewable energy for the Café Amazon’s coffee roaster plants by setting up a solar rooftop to produce clean energy from the sunshine, which is friendly to the environment in a sustainable way. The facility is also capable of producing sufficient coffee beans to meet consumer demand.

The plant has successfully achieved energy-saving since the beginning of coffee bean selection, dust eradication and heavy metal detection to the roasting procedure. Quality check is made in between the middle and the end of production, before sending the roasted coffee bean to Café Amazon branches nationwide, high-quality beans are carefully selected and purchased to ensure excellent roasting standards, which are then used to create beverages served to customers.

At the end of downstream, OR has translated its green policy into an action by upcycling by-products or waste materials to new products preserved to be a greater quality. Moreover, it has expanded the concept of Café Amazon Circular Economy to distribute upcycling items to Business to Customer (B2C) and Business to Business (B2B) customers such as furniture, uniforms and aprons Besides, Café Amazon has selected degradable material for containers such as carrying bags, bioplastics straw, Bio Cup and more.

Café Amazon-Thai coffee brand ranking the world’s 6th largest by number of outlets

Due to durable marketing thoughts and abrupt expansion of branch technique, Café Amazon is the Thai coffee brand that successfully gains the world’s 6th largest by number of outlets, with 4,200 branches in the domestic market and 400 branches in oversea such as Cambodia, Laos, Vietnam, Philippines, Malaysia, Japan, Oman, and Saudi Arabia. It is also the number one brand in Cambodia, and additional 100 branches are expected to open in Laos by this year.

Celebrate “International Coffee Day” in October 1, 2024

In an occasion of “International Coffee Day”, Café Amazon- the number one Coffee brand among Thai people- would like to deeply praise and celebrate all coffee farmers who plant all kind of coffee beans worldwide due to their strong ambitiousness and efforts to produce high quality of coffee for coffee enthusiasts to enjoy coffee taste every day.

Hashtag: #OR #CaféAmazon

The issuer is solely responsible for the content of this announcement.

About PTT Oil and Retail Business Public Company Limited (OR)

Octa, a global financial broker, sponsored an on-sight coding bootcamp called STATUS 200 in Kuala Lumpur, Malaysia. Having joined forces with Ideas International, Octa provided a group of young Malaysian men and women with a unique opportunity to level up their coding skills and make a significant leap towards future careers in a sought-after field.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 1 October 2024 – This year, a global broker Octa provides full financial support for a coding bootcamp for students of Ideas International, a Kuala Lumpur-based inclusive secondary school that aims to give a well-rounded education to young people from diverse backgrounds. The Octa bootcamp aims to empower Malaysian youths in their professional pursuits and propel them towards future coding careers through quality on-site training.

The bootcamp consists of three stages, the first starting in June and the last ending in November. In terms of workload, the second stage held in the summer was by far the most packed of the three, with a curriculum including JavaScript, front-end development, and version control. The 240 hours of training across the second stage have resulted in the final assignments, carried out by each student individually and due in early September.

Meanwhile, in late August, students and teachers gathered to celebrate Octa’s 13th birthday and the successful completion of Stage 2. The broker happily contributed to the festivities, providing a birthday cake and a giveaway of branded merchandise for all participants.

After finishing their Stage 2 final assignments, students will receive certificates based on their performance and can proceed to Stage 3, which will be carried out between 17 September and 24 November. The third stage will span over 60 hours across ten weeks, focusing on React and incorporating its popular use cases. To conclude the bootcamp, students will complete and present their final projects reflecting the knowledge and experience acquired throughout the training.

As the bootcamp’s sponsor, Octa is very proud of the students who mastered an intense curriculum and overcame all obstacles to complete the second stage. By funding educational projects such as STATUS 200, Octa aims to offer dedicated and hardworking youths new opportunities for personal development.

As one of the students said, ‘This bootcamp changed a lot for me in terms of career plans. It made me really keen on continuing my education and maybe getting a computer science degree!’
Hashtag: #Octa

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Octa

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

Canon’s annual thought leadership platform returns with expert dialogue and tech innovation such as AI to help businesses better navigate global uncertainty

SINGAPORE – Media OutReach Newswire – 1 October 2024 – Canon today announced the much-anticipated return of its annual ‘Think Big’ Leadership Business Series in Singapore, happening at Parkroyal Collection Marina Bay on 29 and 30 October 2024. This year’s theme, ‘The Year of Elections – Surviving and Thriving Amid Political Change,’ promises to be more engaging than ever, offering unique business insights to leaders seeking to navigate the complexities of a year marked by significant shifts and emerging challenges. With election outcomes potentially impacting economic trajectories, business leaders must capitalise on change to enhance their resilience and adaptability.

Attendees will also gain exclusive access to invaluable perspectives from esteemed speakers across key business and trade associations, academia and industry experts discussing topics ranging from the impact of the changing global landscape on businesses in 2025 to best practices for enhancing workplace productivity. For the first time ever, the ‘Think Big’ Series in Singapore will feature sessions conducted in Chinese, available during the afternoon on the first day of the event, opening doors to even more diverse perspectives.

“In a year marked by constant global change and disruption, businesses across Asia face unprecedented challenges. Canon’s commitment to equipping businesses with innovative solutions to stay ahead of the curve is more crucial than ever,” said Norihiro Katagiri, Senior Vice President, Canon Singapore. “Building on the long-standing success of ‘Think Big’ Singapore, Canon’s ‘Think Big’ Series continues to offer a strategic forum that engages business leaders across the region, promoting meaningful discussions on these pressing issues, learning from industry experts, and discovering tech-driven solutions that can help them thrive in a rapidly changing landscape.”

Adapting to Change with the Power of Tech Innovation

Canon will also present a ‘Towards AI’ solutions showcase at the event, designed to empower businesses to make strategic investments in AI amidst rapid change. The showcase, which comes at a time when more than 75%[1] of companies globally are looking to adopt technologies such as AI in the next five years, will spotlight innovative AI and technological solutions for the front, main and back office through an experiential journey. Guests will be able to preview Antelope AI Genie, an advanced AI-powered solution poised to revolutionise operational efficiencies with automated content analysis, summarisation and comparison.

Attendees will have the unique opportunity to interact with other cutting-edge technologies such as facial recognition, process digitalisation and smart surveillance, while witnessing firsthand how they can be leveraged to boost productivity and streamline operations across key sectors.

“We are excited to announce the return of Canon’s esteemed ‘Think Big’ Leadership Business Series. As a cornerstone event in Singapore for over a decade, we are committed to providing a platform for thought-provoking discussions and a culture of innovative showcases,” said Vincent Low, Head of Enterprise Business, Singapore Operations, Canon Singapore. “With a diverse lineup of speakers and a focus on practical solutions, we believe that this event will equip leaders with the insights and tools needed to navigate the complexities of 2024/2025 and emerge stronger than ever.”

About The Think Big Leadership Business Series Singapore

The ‘Think Big’ Leadership Business Series addresses business challenges posed by political shifts; and explores how businesses can leverage technology to thrive in uncertain times through the tech-driven solutions showcase. This year’s event will feature a dual-language format with English and Chinese keynote addresses, and panel discussions led by Mediacorp, one of Singapore’s leading media companies. Interested participants can register for ‘Think Big’ Leadership Business Series in Singapore here. The event is open to the public, with both the panel discussions and solutions showcase accessible to all attendees.

Hashtag: #Canon

https://asia.canon

The issuer is solely responsible for the content of this announcement.

Canon Singapore Pte. Ltd.

Canon is a global leader in photographic and digital imaging solutions. Canon Singapore Pte. Ltd. is the headquarters for South & Southeast Asia driving sales, marketing and service strategies. Besides handling the domestic market, the company covers 22 other countries and regions including subsidiaries in India, Malaysia, Thailand and Vietnam. The parent company Canon Inc. has a global network of more than 300 companies and employs about 169,000 people worldwide. Canon is guided by its kyosei philosophy that focuses on living and working together for the common good.

More information is available at https://asia.canon.

Castify.ai’s Tailored CTV Applications: As part of this groundbreaking partnership, Castify.ai has developed tailored Connected TV (CTV) applications for The Manila Times across major platforms including Roku, Google, Amazon, Apple, Samsung, and Xiaomi. Additionally, a mobile application has been created to ensure that The Manila Times’ esteemed content is accessible to readers and viewers on the go. This expansion will enable The Manila Times to reach a broader audience, enhancing the accessibility and convenience of its high-quality journalism.

A Major Win for The Manila Times’ Readers and Viewers: This partnership brings an exciting new chapter for The Manila Times’ audience, who will now be able to consume their favorite content seamlessly on a variety of devices. Whether on a smart TV, streaming device, or mobile phone, users can stay informed with The Manila Times’ comprehensive news coverage, anytime and anywhere.

Hashtag: #TheManilaTimes

The issuer is solely responsible for the content of this announcement.

About Castify.ai

Castify.ai is an omnichannel content distribution platform that empowers video content owners, such as linear TV channels and production houses, to create their own branded OTT applications and channels. With a focus on simplified, automated, and seamless app creation, Castify.ai enables content owners to distribute their content across multiple OTT platforms efficiently. This allows them to concentrate on producing high-quality content while significantly expanding their audience and maximizing monetization opportunities with minimal resource investment.

About The Manila Times

The Manila Times is a national daily newspaper in the Philippines, known for delivering trusted and quality content across print, digital editions, online, and social media platforms. Established on October 11, 1898, it remains the news source of choice for Filipinos worldwide, providing insightful and reliable news coverage.

This partnership represents a significant milestone for both Castify.ai and The Manila Times, setting the stage for a new era of digital content consumption in the region.

The app is now available on the following platforms: Google Play, Apple App Store, Amazon, Roku, Samsung and Sharp TVs.

Consortium achievements illustrate the capability of industrial metaverse in 3 industry whitepapers

SEOUL, SOUTH KOREA – Media OutReach Newswire – 1 October 2024 – Technology is evolving to support modernization and enable innovation in industry. South Korea’s National IT Industry Promotion Agency (NIPA) is supporting local technology development, eventually promoting the efforts and success to an international audience.

Though often conflated with gaming and social networking, metaverse is an important tool that can improve operations and is increasingly being leveraged for industrial environments.

In 3 recently released whitepapers, NIPA and Frost & Sullivan detail the cases of successful industrial metaverse implementation in the country. By sharing these cases, NIPA is expressing the capability of domestic technology and promoting Korean expertise internationally.

Junam Lee, Director at NIPA for the Metaverse Convergence team says, “We believe that we have lots of advanced technologies to share and cooperate with nearby countries in terms of geography and culture.”

Most organizations cannot easily execute industrial metaverse technology due to budget and customization requirements. These papers identify ways that this innovative technology can be implemented right now.

Supporting flexible manufacturing in the automotive industry
One of the papers published details the benefits of the industrial metaverse and how it has supported the manufacturing industry, specifically automotive. The automotive industry, which is a major part of many Asian economies, is evolving to require flexible manufacturing systems for electric and autonomous vehicles. This paper outlines the path to industrial metaverse realization that enables flexible manufacturing. The consortium led by Shutagen, a technology service company, was able to achieve business and manufacturing agility through industrial metaverse with a deployment at the Hyundai Ulsan plant.

XR devices to enable multiple use cases
Another paper looks at the use of extended reality (XR) devices and how they support the expansion of metaverse use in industry. The consortium project aimed to develop a mass-produced XR device supply chain in Korea to support use domestically and internationally. The consortium, led by P&C Solution, developed XR devices for uses like employee training, assembly line optimization, asset inspection, testing and validation, and more.

Digital twins enabling smart construction
The 3^rd paper explores the construction industry and how metaverse enables digital twins of construction projects, allowing for benefits like real-time visualization, simulation, and collaboration across the entire project lifecycle. Hanmac Engineering, a construction engineering company specialized in smart construction, led the consortium to address the need for digital transformation in the construction industry.

The papers highlight the great potential benefit of implementing industrial metaverse for international companies, and illustrate how advanced South Korea companies can be great partners, regardless of budget or customization requirements. Organizations looking to modernize through new technologies must understand the current uses to leverage the potential of industrial metaverse.

Kenny Yeo, Director from Frost & Sullivan, details, “Though metaverse is still in its nascent stage, these examples have been able to leverage the technology and illustrate the practical and tangible benefits. These projects exemplify the benefits of NIPA’s metaverse consortium support.”

• Safe and effective improvement in productivity is achieved through the implementation of innovative technology and metaverse.
• Proven capability through specific and varied case studies shows flexibility and achievability for future deployments.
• Replicable outcomes make South Korean partners attractive for international organizations looking to achieve the same results.

Lee explains, “the main benefit of these technologies is the remarkable improvement of productivity and efficiency in the field. The opportunities for application to the industry are immense, and we hope to create opportunities to collaborate with overseas companies.”

With a strong belief in the advanced technologies of local companies, NIPA is sharing the capabilities and outcomes of these efforts. To learn more about these consortiums and read the case studies, visit the following links:

– Harnessing the Power of Industrial Metaverse in Modern Vehicle Manufacturing: https://www.nipa.kr/home/2-7-1-1/15650
– Reshaping South Korea XR Tech Landscapes & National Competitiveness: https://www.nipa.kr/home/2-7-1-1/15651
– Metaverse-Powered Transformation in Construction: https://www.nipa.kr/home/2-7-1-1/15652
Hashtag: #NIPA #FrostAndSullivan #Shutagen #P&CSolution #HanmacEngineering #Hyundai #Metaverse #ExtendedReality #SouthKorea

https://www.nipa.kr/eng/index

The issuer is solely responsible for the content of this announcement.

About National IT Industry Promotion Agency (NIPA)

National IT Industry Promotion Agency (NIPA) is a Korean government agency under the Ministry of Science and ICT, pioneering digital innovations in South Korea through supporting the spread of core technologies including AI, metaverse, cloud solutions and digital health. NIPA provides customized supports to fit companies’ life cycles from business foundation through to global expansion.

About Frost & Sullivan

For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.

Tech-driven investment management business seen rapid growth

Highlights

• Completed acquisition of Deep Neural Computing Company Limited (DNCC) and expanded tech-driven management business
• Focus on deep neural networks, artificial intelligence, distributed computing, and quantitative trading algorithms
• Newly acquired DNCC has contributed HK$9.22 million revenue in merely 3 months
• Gross profit ratio improved from 0.95% in previous year to 5.76% for the year

HONG KONG SAR – Media OutReach Newswire – 30 September 2024 – International Genius Company (“IGC“; stock code: 0033.HK) announced its annual results for the year ended 30 June 2024 (the “Reporting Period”). During the Reporting Period, the Group’s tech-driven investment management business has achieved rapid growth, driving IGC’s transformation into a global company with financial transaction innovation driven by artificial intelligence(AI).

The total revenue for the Reporting Period was approximately HK$227 million. Among which, the newly acquired Deep Neural Computing Company Limited (“DNCC”) has contributed around HK$9.22 million revenue to the tech-driven investment management segment in merely 3 months. Its income has significantly increased IGC’s profit margins. Gross profit of the year has increased 4 folds during the Reporting Period.

On 22 March 2024, the Group completed the acquisition of DNCC, a leading R&D and application company specializing in artificial intelligence, deep neural networks, distributed computing, and quantitative trading algorithms. DNCC boasts a team of experts with years of experience in AI research development. The acquisition has further enhanced IGC’s capability in R&D and technology, enabling a breakthrough in AI trading algorithms in order to provide a more specialized and efficient solutions for clients’ trading strategies and technology needs.

With the completion of the acquisition of DNCC, IGC has successfully expanded its tech-driven investment management business. The segment has quickly generated income with a high profit margin, and has enhanced the Group’s income structure and quality, laying a solid foundation for IGC’s transformation.

IGC has now established an advanced and mature trading technology system, with deep neural network, distributed computing and quantitative trading algorithm at its core. IGC will continue to develop trading algorithm based on machine learning and deep learning, in order to form our core product “IGC Prophet”. The technology conglomerate will provide clients with customized one-stop AI trading technology solution that can be commercialized and applied to multiple international financial trading sectors, giving our clients an unparallel competitive edge in the global market.

Looking forward, IGC will continue on the path of technology and model innovation. By increasing the Group’s investment in AI and related technology, and focusing on R&D and scalable application of AI trading algorithms in global financial trading, we strive to drive the innovation in financial trading around the world through AI-driven trading tools. This will in turn expand our client network and increase the Group’s income and profit, further enhancing IGC’s competitiveness in the global market.

Hashtag: #InternationGeniusCompany #IGC #ANNUALRESULTS

The issuer is solely responsible for the content of this announcement.

About International Genius Company

The International Genius Company (IGC; stock code: 0033. HK) is a global company with financial transaction innovation driven by artificial intelligence(AI) with top AI R&D capabilities and quantitative trading experience, working to combine advanced technology with market insight and redefine financial asset trading through AI. Based on cutting-edge technologies and massive data analysis capabilities such as deep neural networks and distributed computing, IGC provides algorithmic trading strategies and customized one-stop extensible AI trading technology solutions for investment institutions, asset management companies, family offices, etc

Key Financial Highlights (Jan-Jun 2024):

• Revenue: Gorilla Technology Group recorded $20.67 million in revenue, marking an impressive 222% increase from $6.43 million in H1 2023, reflecting significant market penetration and accelerated demand for its cutting-edge AI-driven solutions.

• Gross Profit: Gorilla’s gross profit surged to $17.68 million, up an extraordinary 456% from $3.18 million in H1 2023. This sharp increase is the result of cost reduction initiatives and higher-margin projects that have significantly boosted profitability.
• Operating Profit: The company achieved a remarkable turnaround, posting an operating profit of $1.77 million, a substantial improvement from the $7.29 million loss recorded in H1 2023. This transformative shift underscores the success of Gorilla’s strategic realignment and its focus on profitable growth.
• Net Profit: Gorilla delivered $1.61 million in net profit, a major improvement over the $7.27 million net loss reported in H1 2023, signifying the company’s impressive rebound and continued strong performance in 2024.
• Total Overheads: Gorilla reduced its overheads by 27.55%, from $11.32 million in H1 2023 to $8.20 million in H1 2024, reflecting its commitment to operational efficiency and prudent financial management.
• Earnings Before Interest, Tax, Depreciation & Amortization (EBITDA): EBITDA increased significantly, from a $6.56 million loss in H1 2023 to a positive $2.49 million in H1 2024, showcasing operational resilience and enhanced profitability.
• Adjusted EBITDA: Adjusted EBITDA rose by an astounding margin, reaching $2.65 million, up from a $3.47 million loss in H1 2023, driven by strong underlying business performance and growth in key sectors.

First Half 2024 Results

Unless noted otherwise, all figures are for the six months ended June 30, 2024, and all comparisons are with the corresponding period of 2023 The following table summarizes financial results (unaudited):

The following table shows our EBIT, EBITDA, and adjusted EBITDA, together reconciled to the income(loss) for the six months period ended June 30, 2024, and 2023 (unaudited).

⁽¹⁾ Transaction costs are one-off expenses for one-time employee expenses and professional services related to asset acquisition, professional services for one-time project which are considered as one-off corporate development events and added back for calculation of adjusted EBITDA.

Jay Chandan, Chairman & CEO of Gorilla Technology Group, commented: “The first half of 2024 has been nothing short of exceptional. These results reflect our strategic focus on operational excellence, market expansion and the powerful role AI continues to play in driving our growth. We have significantly strengthened our balance sheet, pivoted towards higher-margin solutions, and optimised our cost structure. This has enabled us to deliver record profits and further solidify our position as an innovative leader in the global technology landscape.”

Jay added: “As we look ahead, we remain laser-focused on scaling our AI-driven offerings and executing on our long-term vision. We are on track to deliver our best year yet, with strong indications that our year-end results will surpass the Company’s expectations across all key metrics. Gorilla is poised to lead the charge in the rapidly evolving AI and technology space.”

Bruce Bower, Interim Chief Financial Officer of Gorilla Technology Group, added:

“Our financial performance in the first half of 2024 is a testament to the strength and agility of our business model. We have successfully realigned our cost structure while driving exceptional top-line growth. The sharp reduction in our cost of sales, coupled with our ability to generate substantial gross and operating profits, demonstrates the operational efficiencies we’ve embedded across the organisation.”

“Looking ahead, we are confident that our strategic investments and prudent financial management will continue to yield strong returns. We have laid a solid foundation for sustainable, profitable growth and are well positioned to exceed our full-year financial targets. Gorilla is not only delivering on its promise of innovation but also creating real, tangible value for our shareholders.”

Forward Momentum into H2 2024 and Beyond

Gorilla is not resting on its laurels. The company is aggressively pursuing new larger deals and expanding its global footprint and is set for an even more impactful second half of 2024, underpinned by a rapidly expanding pipeline of potential project and accelerated market penetration. Our pipeline continues to grow larger than previously projected, reflecting the increasing interest in Gorilla’s AI-driven solutions across our core regions.

Full-year projections remain highly optimistic, with revenues on track to surpass $72 million, driven by both existing and anticipated contracts in key markets such as MENA, Southeast Asia, East Asia, South America and the United Kingdom. The company expects significant profit growth over fiscal 2023 as operational efficiencies and product innovations continue to drive higher margins.

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

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 our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla’s largest projects and ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 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.

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

The issuer is solely responsible for the content of this announcement.