December 9, 2022

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Guardforce AI Partners with Riversoft Inc. to Co-Develop and Launch a Robotic Travel Concierge Solution for the Tourism Industry

Guardforce AI Co., Ltd.

NEW YORK, NY, Sept. 23, 2022 (World NEWSWIRE) — Guardforce AI Co., Constrained (“Guardforce AI” or the “Company”) (NASDAQ:GFAI, GFAIW), an built-in protection answers provider, introduced now that it has entered into a partnership agreement with Riversoft Inc. (“Riversoft”), a Peakwork Business who is specialized in travel management software, to co-develop and co-start contactless vacation products and services with its existing GFAI’s Concierge robots. Guardforce AI and Riversoft system to co-build these contactless vacation companies in a new robotic option to be recognised as Robotic Vacation Company (“RTA”).

The RTA will be an e-commerce portal where vacationers can purchase itineraries, transportation, lodging, excursions and extra. The RTA platform will be joined to Riversoft’s’ reserving motor which connects to main travel suppliers for hotel reserving, flight reserving, ticketing, and journey agencies. RTA’s platform can bundle travel packages and endorse the finest area specials possible to vacationers. RTA’s platform can also be connected to social media and quick messaging programs such as Line and WeChat, to give seamless payment and immediate tips to customers’ smartphones.

Olivia Wang, Chairwoman and Chief Govt Officer of Guardforce AI, stated, “We are thrilled about our partnership with Riversoft and our joint strategies to start the RTA. In accordance to the World wide Company Journey Association’s most up-to-date Business Vacation Index, global organization travel activity will carry on to recover in 2023 and is headed towards a complete restoration to 2019 pre-pandemic expending concentrations of USD $1.4 trillion. Our strategic goal of the RTA is to launch in the hospitality business to help travelers obtain distinctive neighborhood promotions for eating places, occasions, and merchants. The resort business is just one of our significant and major markets for our robotic solutions and we are operating with Riversoft to more expands our providers, enabling us to present a lot more productive, and convenient experiences to our clients and purchasers.”

Alex Kuo, Chairman and Chief Executive Officer of Riversoft, commented, “Tourism is continuing to recuperate, and according to the UNWTO Entire world Tourism Barometer, worldwide tourism noticed a 182% 12 months-over-yr enhance in January-March 2022. As vacation restrictions go on to ease and as the COVID-19 pandemic subsides, the tourism field is envisioned to go on to recuperate all over 2022. Having said that, the lodge market is even now battling to seek the services of enough team to serve buyers. We believe that our RTA contactless alternative properly offers a protected and easy to use concierge company that will provide shoppers as they vacation to new locations around the earth.”

About Riversoft Inc. 
Riversoft Inc, a Peakwork Business, founded in 2008 and centered in Taiwan, focuses on delivering digital remedies in the tourism market. Centered on its large network and partnership with vacation organizations, strong application and framework improvement qualities, and strong scheduling engine packaging abilities, Riversoft is integrating Artificial Intelligent interaction to deliver robotic journey agent services for buyers.

About Guardforce AI Co., Ltd. 
Guardforce AI Co., Ltd. (NASDAQ:GFAI, GFAIW) is a world wide built-in protection options company that is focused on acquiring robotic remedies and data stability products and services that complement its properly-established secured logistics company. With additional than 40 many years of expert encounter, Guardforce AI is a trustworthy brand name that shields and transports higher-price assets belonging to community and personal sector companies. Guardforce AI develops and gives modern technologies and expert services that improve security and safety. For extra details, visit www.guardforceai.com.

Protected Harbor Statement

This push release has statements that do not relate to historical points but are “forward-looking statements” within the which means of the safe harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These statements can generally (though not usually) be discovered by their use of conditions and phrases such as foresee, show up, think, carry on, could, estimate, hope, reveal, intend, may possibly, plan, possible, forecast, project, go after, will, would and other equivalent phrases and phrases, as well as the use of the long run tense. Ahead-seeking statements are neither historical facts nor assurances of upcoming effectiveness. Rather, they are dependent only on existing beliefs, expectations and assumptions concerning the long term of the organization of the Business, foreseeable future programs and strategies, projections, anticipated functions and trends, the financial system and other long term disorders. Because ahead-hunting statements relate to the long term, they are subject to inherent uncertainties, dangers and alterations in situation that are difficult to predict and lots of of which are outside of our regulate, together with the dangers described in our registration statements and reports beneath the heading “Risk Components” as filed with the Securities and Trade Fee. True results and money affliction may possibly differ materially from people indicated in the ahead-seeking statements. Hence, you really should not rely on any of these ahead-on the lookout statements. Ahead-looking statements in this press launch discuss only as of the day hereof. Until normally demanded by regulation, we undertake no obligation to publicly update or revise these forward-on the lookout statements, whether simply because of new information, long run situations or otherwise.

Investor Relations: 
David Waldman or Natalya Rudman
Crescendo Communications, LLC
Email: [email protected]
Tel: 212-671-1020

Guardforce AI Corporate Communications:
Hu Yu
Email: [email protected]