Gorilla Technology and Thames Freeport Announce Strategic Alliance, Advancing Smart City Innovations and Fostering Trade Partnerships

LONDON, April 10, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global leader in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced they have signed a Memorandum of Understanding (MOU) with Thames Freeport, a pivotal hub for trade and logistics in the United Kingdom. This strategic alliance is set to revolutionise the Thames Freeport area, aligning an ambitious Smart City Strategy programme and leveraging the Thames Freeport Investment Fund to drive innovation and sustainable growth.

Under this partnership, Gorilla Technology will spearhead the development of advanced technological frameworks within Thames Freeport's infrastructure, focusing on enhancing efficiency, security and sustainability. This collaboration marks a significant milestone in Thames Freeport's journey towards becoming a fully integrated smart city, setting new standards for the industry and represents a significant leap towards redefining its key industry sectors by setting benchmarks for efficiency, security and sustainable development.

Key Objectives of the Partnership:

• Trade Partnerships: Facilitating the exchange of goods and services between the Thames Freeport area and Egypt and Taiwan.
• Technology Integration: Assessing Gorilla Technology's advanced solutions to streamline operations, enhance security measures, and improve logistical efficiency.
• Smart City Strategy Development: Collaborating on the development of a comprehensive smart city strategy that supports sustainable growth and innovation within Thames Freeport.
• Investment in Innovation: Utilizing the Thames Freeport Investment Fund to support technological advancements and infrastructure improvements, fostering a conducive environment for businesses and stakeholders.

Martin Whiteley, CEO of Thames Freeport, stated, "A world-class industrial cluster is taking shape on the banks of the River Thames. Thames Freeport, bolstered by world-class trade partnerships, is emerging as a beacon for clean energy technologies, added-value manufacturing, and advanced logistics, with unrivalled global connectivity to over 130 ports in more than 65 countries. Our partnership with Gorilla Technology represents a pivotal moment in our mission to become a leading smart city. Furthermore, collaborations with leading international trade partners enhance our commitment to integrating state-of-the-art technology and innovative solutions. Together, we are setting a new benchmark for efficiency, security, and sustainability in the logistics sector, further solidifying our position at the forefront of global trade and innovation."