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Investing.com -- Gorilla Technology Group Inc (NASDAQ:GRRR) stock rose 2.3% after the company provided a comprehensive business update highlighting a $5.6 billion active pipeline across 87 distinct opportunities.
The AI solution provider announced it anticipates closing $1.3 billion in contracts by mid-2026, consisting of long-term agreements ranging from three to 15 years. Several high-value opportunities have advanced to the MOU stage or late-stage negotiations and are nearing contract finalization, according to the company.
Gorilla reaffirmed its strategic partnership with Hewlett Packard Enterprise (NYSE:HPE) and announced it is now an NVIDIA (NASDAQ:NVDA) solutions provider, leveraging NVIDIA’s AI frameworks. These partnerships aim to accelerate product development and enhance credibility with government stakeholders for projects involving smart cities and law enforcement.
The company also provided updates on its global expansion efforts, including active engagement in East Coast law enforcement opportunities in the U.S. and final-stage negotiations for a smart education deployment in Thailand that would impact over 6.5 million students.
Following a recent $105 million equity raise, Gorilla reported holding $108 million in cash and $16.5 million in low-interest debt. The company stated it has additional non-dilutive funding mechanisms in place, including $200 million in secured term sheets.
Gorilla’s ONE AMAZON initiative is scheduled to formally launch at New York Climate Week in September, with initial revenues expected in the fourth quarter of 2025.
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