Guardforce AI Co (NASDAQ:GFAI) Stock Comes Back Strongly: Is It Sustainable?

The company is a global security solutions provider and currently, it is focussed on the building of its secured logistics business. Additionally, Guardforce AI Co Ltd (NASDAQ:GFAI) is also working on the expansion of its artificial intelligence and Robost-as-a-Service (RaaS) business. The company commands more than 4 decades of professional experience and a strong foundation of customers.

The company is working on the development of RaaS solutions which improve the efficiency of operations and is also expanding globally, with an established presence in the Asia Pacific region already. This past Friday, the Guardforce AI stock continued to be in focus as it ended up with gains of 30% amidst heavy interest, and that took the gains made by the stock in the past week to as much as 84%.

The rally came about in the stock on Friday after it announced that it had gone into a partnership with the firm Concorde Security. As per the terms of the agreement, the two companies would be involved in the establishment of a new robotic security solution in Singapore.

Since the news was announced that Guardforce AI stock went on a strong rally. As per the press release put out by the company, it will equip the concerned concierge robot with an access control module to take care of visitor management. The visitor management system that would be employed would track and register each visitor stepping into the premises of the client.

However, that is not all. It was also announced that the robot from Guardforce AI would also be equipped with the state-of-the-art software security program from Concorde. The program would be able to provide automated patrol surveillance. During the course of patrolling, the system would also upload live security footage for around-the-clock security retrieval and surveillance to the cloud platform.

The partnership would primarily be dealt with hotels and other similar industries which may benefit from such automation services. Additionally, it should be noted that Concorde is looking to diversify its services through the offering of delivery robots for hospitals and other similar markets.

The product would be initially co-launched by the two companies in Singapore, a vibrant economy known for its promotion of the latest technology. Concorde is already an established player in the security space in Singapore. It is a specialist in providing cost-effective and state-of-the-art security solutions directed at residences, schools, office buildings, hotels, and industrial parks among others.

The disinfection robots which are offered by Guardforce AI are also going to be equipped and retrofitted with the advanced security system from Concorde. The Chief Executive Officer and Chairwoman of Guardforce AI Lei Wang spoke about the latest development as well. She noted that everyone at Guardforce AI was excited at the prospect of partnering for the purpose of marketing robotic solutions and working on the latest artificial intelligence technology. She went on to note Singapore was perfect for the launch since it was highly interconnected and had stringent security standards.