Guardforce AI Says China Unit Expands Contracts With 2 Major Retail Clients

MT Newswires Live07-17

Guardforce AI (GFAI) said Wednesday its Beijing Wanjia Security System unit has expanded contracts with two major retail clients in China.

The first client, a health and beauty brand, is adding security alarm system services for about 3,900 stores in China, while the second, a coffeehouse chain, has extended security alarm services to all its stores to two years and agreed to the installation of alarm systems for nearly 1,000 of its stores over the next two years, Guardforce said.

Financial terms of the expanded contracts were not disclosed.

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