Security Solutions Company Announces Retail Expansion Across Asia Pacific
Guardforce AI Expands Retail Footprint Across Asia Pacific.
Disclaimer: The information provided in this article is for informational purposes only. It reflects the latest updates about Guardforce AI Co., Limited as of the publication date. The details, figures, and statements are based on currently available resources and official announcements. For the most accurate and up-to-date information, readers are encouraged to refer to the official sources.
Real-time information is available daily at https://stockregion.net
Guardforce AI Co., Limited (“Guardforce AI” or “the Company”) (NASDAQ: GFAI, GFAIW), a provider of integrated security solutions, AI, and Robot-as-a-Service (RaaS), continues to make strides in the retail sector. The company's wholly owned subsidiary in Mainland China, Beijing Wanjia Security System Limited ("Beijing Wanjia"), has recently expanded its contracts with two long-standing retail clients. These expansions have positioned Guardforce AI to serve nearly 20,000 retail stores across the Asia Pacific region, marking a substantial growth in their business operations.
Expanding Partnerships
Beijing Wanjia has cultivated strong relationships with its retail clients over the past decade. Recently, it has further solidified its position by expanding contracts with two major retail customers. One of the clients, a prominent health and beauty brand, has entrusted Beijing Wanjia to provide security alarm system services for its approximately 3,900 stores nationwide in China. This expansion has boosted Beijing Wanjia’s total security alarm system operations to over 12,000 stores across Mainland China, reflecting a 50% increase from the end of 2023. The second client, an internationally recognized coffeehouse chain, has extended its contract with Beijing Wanjia for an additional two years. This extension includes the installation of security alarm systems for nearly 1,000 of its stores across China over the next two years.
Beijing Wanjia has leveraged its extensive experience in managing security systems for retail clients to broaden its service offerings. One of the key areas of expansion has been in providing customized smart retail solutions. By incorporating AI and data analysis, Beijing Wanjia offers a comprehensive suite of services designed to enhance the operational efficiency of retail stores.
Key components of the smart retail solutions include:
Customer Flow Analysis: Understanding the patterns and behaviors of customers within the store.
Demographic Analysis: Collecting and analyzing data on customer demographics to better tailor marketing efforts.
Customer and Employee Behavior Analysis: Monitoring interactions and behaviors to improve service quality and operational efficiency.
Point of Sale (POS) Transaction Analysis: Integration with POS systems to ensure accurate and efficient transaction processing.
These solutions have proved effective in improving the efficiency of loss prevention efforts for retail clients, thereby reducing theft and fraud.
Leadership Insight
Lei (Olivia) Wang, Chairwoman and Chief Executive Officer of Guardforce AI, expressed confidence in the company’s continued growth and its ability to meet the evolving needs of its clients. “Our longstanding client relationships and ability to expand service offerings validate our competitiveness and the trust our clients place in us. Currently, Beijing Wanjia manages over 120,000 video security channels nationwide, showcasing our robust capabilities in software development and operations,” she stated. Wang also highlighted the international reach of Guardforce AI, noting that outside of Mainland China, the company provides services to approximately 7,000 retail stores in Thailand. These stores represent potential candidates for the company’s smart retail solutions, further extending Guardforce AI's market presence.
Beijing Wanjia Security System Limited, established in 1996, has a long-standing history as a retail-focused solution provider. Over the years, the company has adapted to technological advancements to remain at the forefront of the industry. The primary services offered by Beijing Wanjia include:
Smart Retail Solutions: Integrating advanced technology in data cleaning and model building to provide comprehensive analysis and actionable insights.
CCTV and Security Alarm Operations: Ensuring the security and safety of retail environments through cutting-edge surveillance and alarm systems.
Security Engineering and Maintenance: Providing ongoing support and maintenance to ensure optimal performance of security systems.
The company's commitment to innovation has seen it integrate AI and data analysis more deeply into its service offerings. This integration has enabled Beijing Wanjia to provide recommendations aimed at improving the operational efficiency of retail stores, enhancing loss prevention measures, streamlining customer service processes, and bolstering overall store security.
Nationwide Presence
Currently, Beijing Wanjia operates a vast service network spanning over 600 cities in China. This extensive reach allows the company to serve a diverse and esteemed client base, ensuring that its advanced security and smart retail solutions are accessible to a wide range of retail businesses. Guardforce AI remains committed to further enhancing its retail offerings. By integrating robotics and AI, the company aims to align seamlessly with its continuous development strategy. The focus will be on leveraging technology to deliver even more sophisticated and effective solutions for retail clients.
Guardforce AI’s recent expansions reflect its vision and commitment to serving the retail industry. By strengthening partnerships with major retail clients and advancing its smart retail solutions, the company is well-positioned to continue its growth trajectory. The combination of security expertise, AI integration, and a robust service network makes Guardforce AI a leading player in the security and smart retail sectors.
As the retail landscape continues to evolve, Guardforce AI’s innovative approach and dedication to excellence will undoubtedly play a crucial role in shaping the future of retail security and operations.
Disclaimer: The information provided in this article is for informational purposes only and reflects the latest updates about Guardforce AI Co., Limited as of the publication date. For the most accurate and up-to-date information, readers are encouraged to refer to the official sources.
Real-time information is available daily at https://stockregion.net