Day: December 7, 2023

LONDON, Dec. 07, 2023 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of Smart Country AI, IoT technologies, and Cybersecurity, today updated investors on operating and financial progress.

Business Highlights

• Strong cash flow from operations with receipt of over $25 million in milestone payments from new projects.
• Achieved material top-line growth driven by project advancements.
• Continuous improvement achieved in operational efficiencies.
• Announced $25 million registered direct offering of convertible preferred stock.

Operational Highlights

• Established partnerships with industry leaders such as Redhat, Lanner, Protactic, Infosec Global, and GST, enhancing overall capabilities.
• In a rapidly evolving industry, introduced AI based investigation products iCCTV and Post Event, a new Cyber Security Operations Management solution and service, each pushing the boundaries of what’s possible to meet the continually evolving customer needs.
• Implemented effective cost optimization strategies, accelerating movement toward profitability and boosting competitive advantage.
• Steadily ramping sales and marketing efforts in Taiwan, Thailand, India, UK, Latin America, Middle East and North Africa, building visibility toward a strong sales pipeline of over $1 billion.

“We believe we are in great shape heading into 2024, having completed several transformational initiatives and secured the largest client win in our history,” stated Jay Chandan, CEO of Gorilla. “Our progress in Egypt gives us great visibility on near-term growth and is laying the foundation for expansion across global markets. We are continually innovating to the ever-evolving needs of our demanding global clientele. We have tasked ourselves to building towards a global sales pipeline of $1 billion. With a strong financial foundation, strategic initiatives and a forward-looking approach, Gorilla is well-positioned for continued success and growth in the months ahead. We remain relentless in our pursuit of excellent results for clients, employees, and shareholders.”

Earnings Reporting

As a foreign private issuer under U.S. Securities and Exchange Commission (SEC) regulations, Gorilla is only required to disclose financial results annually on Form 20-F. This business update is intended to provide additional visibility into operating progress. Audited results for the full year 2023 will be announced in the first half of 2024.

About Gorilla Technology Group Inc.

“Empowering Your Tomorrow”

Gorilla, headquartered in London U.K., is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. Gorilla provides a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education.

The Company’s vision is to empower a connected tomorrow through innovative and transformative technologies. Gorilla envisions a world where seamless connectivity transcends boundaries, enriching lives, industries, and societies.

Gorilla’s commitment is to lead the way in pioneering cutting-edge solutions that bridge gaps, foster collaboration and inspire progress. By relentlessly pushing the boundaries of technology, the Company aims to create an ecosystem where individuals, businesses and communities thrive in an era of digital empowerment.

Through continuous innovation, ethical practices and a steadfast dedication to quality, Gorilla strives to shape a future where every interaction, transaction, and experience is enhanced by the power of technology.

For more information, go to Gorilla-Technology.com.

Media Contact:
Jeff Fox
The Blueshirt Group for Gorilla
+1 (415) 828-8298
jeff@blueshirtgroup.com

Investor Relations Contacts:
Gary Dvorchak
The Blueshirt Group for Gorilla
+1 (323) 240-5796
gary@blueshirtgroup.com

Scott McCabe
The Blueshirt Group for Gorilla
+1 (917) 434-3275
scott@blueshirtgroup.com

GlobeNewswire Distribution ID 8991347

Advancing sustainability efforts by targeting whole life carbon and use of 100% renewable energy in own operations

TORONTO, Dec. 07, 2023 (GLOBE NEWSWIRE) — With bold action needed to prevent the worst effects of climate change, leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) has signed the World Green Building Council’s (WGBC) Net Zero Carbon Buildings Commitment, which calls for emissions from buildings globally to be halved by 2030, and advocates for total decarbonization of buildings in operation no later than 2050.

By joining this initiative, Colliers furthers its sustainability efforts, targeting whole life carbon. Colliers will achieve these goals through a range of measures including use of 100% renewable energy in its own operations, low-carbon fit-outs for new and existing Colliers offices, and giving primary consideration when relocating or renewing leases to buildings that demonstrate sustainable performance.

“As a leader in an industry tied to nearly 40% of global carbon emissions, we have an outsized opportunity and responsibility to ensure our own operations are net zero. We are proud to be part of this important industry initiative to accelerate change and encourage more firms to join us in decarbonizing the built environment,” said Sean Drygas, Global Impact & ESG Lead at Colliers.

The Net Zero Carbon Buildings Commitment builds on previous goals set by Colliers as part of its ESG strategy. In June, Colliers’ Scopes 1, 2 and 3 carbon emissions reduction targets for 2030 – in line with the Paris Agreement goals to limit global warming to 1.5°C – were approved by the Science Based Targets initiative. In 2022, Colliers assembled a Net Zero Innovation Working Group with experts from across regions and business lines, focused on solving client emissions commitments and developing our electrification, renewable energy, and measurement capabilities.

Colliers’ work on owned offices and with clients around the world are delivering transformative and sustainable outcomes. Projects include:

• Colliers Tokyo office: Leveraging the Green Lease Checklist developed by Colliers’ Occupier Services team to help clients assess the eco-friendliness of a building, the Marunouchi Nijubashi Building was selected as Colliers’ headquarters for Japan. It features state-of-the-art environmental performance equipment, renewable energy sources, LED and natural lighting. Our landlord was the first Japanese company to achieve the Science-Based Targets’ Net Zero Standard.
• Centennial College: Colliers is privileged to help clients bring sustainable structures to life. Canada’s first net-zero, mass timber institution includes 1,057 pieces of locally sourced timber in addition to WELL, LEED, and Net-Zero Carbon certification elements.
• ManpowerGroup office: Colliers professionals in the Netherlands collaborated with expert subcontractors to undertake a detailed assessment of the major power systems in the building and parking lot, with a view to supporting a fleet of as many as 300 electric vehicles.

“A sustainable future starts with the spaces and buildings we occupy, bring to life, invest in, and manage. Through our own sustainability targets, as well as the expert advice and enterprising services we provide to our clients, we will elevate the built environment and create positive change,” said Chris McLernon, Chief Executive Officer, Global Real Estate Services at Colliers.

Find out more about our sustainability and decarbonization services.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.

Media Contact

Andrea Cheung
Senior Manager, Global Integrated Communications
andrea.cheung@colliers.com
416-324-6402

GlobeNewswire Distribution ID 8991299

Expansion set to enhance the distribution and presence of RC Cola International country in the Pacific region

MANILA, Philippines, Dec. 07, 2023 (GLOBE NEWSWIRE) — Royal Crown Global Beverages Inc. (RCGBI), the brand owners of the globally recognized brand, RC Cola, proudly announced today its newest bottling partnership in Papua New Guinea with RTW Pte Ltd. This strategic move solidifies RCGBI’s commitment to its global consumer base and expands its footprint in the Pacific region.

“We’re thrilled to enter into this exciting new chapter for RC Cola International. Papua New Guinea, with its diverse and rapidly growing consumer market, offers tremendous potential for our brand,” said Francis J Lamprea, Managing Director at RC Cola International. “Our licensing agreement with RTE Pte Ltd ensures that we’ll be able to deliver our beloved products to even more consumers in this dynamic, growing region.”

RC Cola launch in Papua New Guinea

“We are proud to be working together with such an iconic brand bringing the people of Papua New Guinea such exceptional Cola product. Through our manufacturing facility and distribution network, our company forms the ‘all in one’ gateway for an established brand such as RC Cola to be locally produced and supplied not only to the local grassroots but also to the surrounding Pacific Islands benefitting from the Melanesian Spearhead Group (MSG) tax/duty free trade agreement. Starting commercial sale of the main RC Cola product, we also plan on bringing in more brands and products from the robust RC Cola International portfolio,” said Wilson Wong, Supply Chain Director at RTW Pte Ltd.

RC Cola launch in Papua New Guinea

The launch of RC Cola in Papua New Guinea is set to commence immediately, with RC Cola products slated to hit the shelves in Papua New Guinea in the coming weeks. RCGBI and its new bottler have already laid out plans for local marketing campaigns, promotional events, and community outreach programs to introduce and embed the brand in the hearts of Papua New Guinean consumers.

About RCGBI:
Royal Crown Global Beverages Inc. (RCGBI) is the parent company of RC Cola International, a brand with a storied history that spans over a century and a wide portfolio of soft drinks. Renowned for its distinctive taste, commitment to quality, and long-spanning American heritage, RC Cola International is present in numerous countries worldwide, bringing refreshment and joy to hundreds of millions of consumers.

For media inquiries, please contact:
Anton Panajon
avpanajon@rcgbi.com
Senior Marketing Director
RCGBI

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/60973e73-b2b8-467b-b38a-3b2140916eae

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GlobeNewswire Distribution ID 8991270

STOCKHOLM, Sweden, Dec. 07, 2023 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announces the appointment of Roland Chai as President of European Market Services, effective 1 January 2024. In this role, he will lead Nasdaq´s multi-asset trading, clearing, listings, and market services businesses across Europe, including Sweden, Denmark, Finland, Iceland, Estonia, Latvia, and Lithuania stock exchanges.

Nasdaq´s European markets has been a fundamental engine of innovation, economic growth and prosperity in the Nordic and Baltic regions. Nasdaq’s European Market Services has a strong legacy of technology leadership, marketplace excellence and strong commitment to sustainability. Beyond its role as a market operator, Nasdaq continues to be an integral part of the financial ecosystem that drives the development of more competitive, transparent, and efficient capital markets.

“Our European Market Service is a vibrant growth engine for northern European markets and plays a key role in advancing our core mission to modernize markets,” said Roland Chai, incoming President of European Market Services. “I am honored to be working with an incredible team to continue building upon our technology leadership and marketplace excellence. Nasdaq is also leading the development in sustainability and climate investment.”

Roland has extensive experience in technology, risk management, trading, and post-trade across multiple asset classes, as well as deep relationship with investment communities and regulators globally. Joining Nasdaq in 2020, Roland served as Chief Risk Officer and led the development and review of Nasdaq’s global risk program. Since 2022, Roland has lead Nasdaq’s Marketplace Technology business, which comprises purpose-built technology solutions that help enhance performance, resilience, and trust of the financial ecosystem. It is one of the world’s largest market infrastructure technology providers, serving more than 130 marketplaces, CCPs, CSDs and regulators in over 50 countries. Prior to joining Nasdaq, Roland served as Head of Post-Trade and Group Risk Officer at Hong Kong Exchange, Head of Equities at LCH Ltd and began his career in software development.

Roland will continue to be based in Stockholm and report into Tal Cohen, Co-President, Nasdaq.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

Nasdaq Media Contact:
Erik Gruvfors
+46 73 449 78 12
erik.gruvfors@nasdaq.com

        -NDAQG-

GlobeNewswire Distribution ID 8990818