Gorilla Technology Expands Middle East and Northern Africa Operations as Part of Global Expansion Strategy

-- Opens New Egyptian Office in Cairo --
-- Expanding Regional Presence Through Value-Added Services --
-- Strategic Initiatives to Propel Success --

LONDON, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced new developments in the Middle East and Northern Africa ("MENA") region that support Gorilla’s global expansion strategy.

Gorilla has inaugurated its new office in Cairo, establishing both a hub for its Value-Added Services Business and a Regional Headquarters. In a strategic move to bolster its presence and support expansion within the region, Gorilla is committing an investment of up to $100 million into the regional distribution company. This significant financial infusion underscores Gorilla's dedication to digitally transforming Egypt and enhancing its footprint across the Middle East and North Africa (MENA) region.

Furthermore, Gorilla is broadening its distribution network and enhancing its offerings in cybersecurity solutions and data center operations to accommodate the region's rapid growth. Additionally, Gorilla is diversifying its solution portfolio to encompass a comprehensive range of services, including Smart City technologies, Networking, Video Surveillance, Cybersecurity, and Internet of Things (IoT) solutions. These offerings are tailored to meet the specific needs of various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, thereby supporting the overarching goal of digital transformation across these critical industries.

"In 2024, we are poised to firmly position ourselves as a catalyst for innovative transformation in MENA," said Jay Chandan, CEO and Chairman of Gorilla Technology Group. "With our new office launch in Egypt, our ambition extends beyond mere urban digitalization; we envision transforming the entire nation into a resilient, economically prosperous entity, enhancing the quality of life for all its citizens. Our commitment to Egypt's future and its visionary journey is unwavering, and the establishment of this new office, coupled with our active participation in regional events, solidifies our dedication and strengthens our resolve."