Gorilla Technology Refutes False Information, Affirms Intentions
Gorilla Technology Group Inc., a leading global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, has recently issued a press statement dismissing misinformation and confirming its intentions to acquire shares by the company and insiders. In response to baseless allegations spread by individuals facing charges of fraud and market manipulation by multiple authorities like the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ), Gorilla Technology has emphasized its commitment to let its results and business strategy speak for themselves.
Jay Chandan, Chairman & CEO of Gorilla Technology, made it clear that the company will not entertain allegations lacking substance, given the questionable credibility of those behind them. Legal counsel across various jurisdictions is currently handling this matter. The company has full faith in its integrity and business practices, distancing itself from the misinformation circulating in the market.
Despite the recent fall in the company’s share price associated with short selling, Gorilla’s Board of Directors considers the shares to be undervalued. They plan to utilize funds from the share buyback program post-2024 earnings release if the share price fails to reflect the company’s real value. Additionally, a significant portion of the Board and the entire executive management team intends to acquire shares after the earnings release as a show of faith in the company.
Chandan expressed strong belief in the company’s vision and momentum, indicating that the market will eventually align with their conviction. This bold move demonstrates their commitment to the growth and success of Gorilla Technology Group Inc. The company plans to continue its mission to revolutionize urban operations, enhance security, and improve resilience through its innovative solutions.
Gorilla specializes in providing solutions for Smart City, Network, Video, Security Convergence, and IoT across various sectors such as Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education. Leveraging AI and Deep Learning Technologies, they offer cutting-edge products in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics, and advanced cybersecurity technologies.
With a focus on improving efficiency, safety, and cybersecurity measures, Gorilla aims to empower Smart Cities to enhance the quality of life for residents. They are dedicated to integrating AI-driven technologies to create smarter, more secure urban environments. For further details, interested individuals can visit Gorilla-Technology.com for more information. Through their commitment to innovation and excellence, Gorilla Technology remains at the forefront of the industry, leading the way in technological advancements and solutions.
