Gorilla Technology Inks Contract To Deploy Massive Smart Government Project By CIOTechOutlook Team

Gorilla Technology Inks Contract To Deploy Massive Smart Government Project

CIOTechOutlook Team | Friday, 07 July 2023, 02:41 IST

Gorilla Technology Group Inc., a leading global provider of edge video analytics powered by AI, IoT technologies, and cybersecurity, said today that it has agreed to execute a Smart Government Security Convergence solution for the Egyptian government. The three-year, more than $270 million contract is the largest customer victory in Gorilla's history and a significant step forward in the company's internationalization plan. It will put Gorilla on the road to profitability by the end of 2024.

“We're extremely excited to execute the contract and officially embark on what we expect to be a long-term relationship with the Government of Egypt,” said Gorilla CEO Jay Chandan. “This is the largest project we have ever won and, inclusive of our recent win in Taiwan, we have now secured $300 million worth of projects this quarter. We could not be more excited by our momentum and future. The execution of this contract affirms our standing as a reliable global solutions provider, particularly when the MENA region governments are actively seeking innovative partners to support their crucial transformation from conventional systems to digital technologies and underpins future growth opportunities more broadly in the region and across the globe.”

“I am thrilled with this groundbreaking contract. This partnership marks a significant milestone in our mission to create a secure and connected governance ecosystem,” said Gorilla’s Chief Innovation Officer Dr Rajesh Natarajan. “By integrating cutting-edge technologies such as AI, IoT and data analytics, we are poised to revolutionize the way governments safeguard their critical assets. This collaboration reaffirms our commitment to delivering innovative solutions that empower governments to proactively address emerging security challenges. Together, we will build a resilient and future-ready security framework, setting standards for safety and governance in the digital age.”