Guardforce AI secures three-year renewal with Government Savings Bank

Guardforce AI (GFAI) announced that its subsidiary, Guardforce Cash Solutions Security has secured a three-year renewal with Government Savings Bank, one of Thailand’s largest state-owned banks, effective from June 1, 2025, through May 31, 2028. Under the renewed agreement, GFCS will continue to provide secure and efficient cash-in-transit and maintenance services for GSB’s ATM network across Thailand’s upcountry regions, which covers the majority of the ATM services currently handled by the Company. This renewal further consolidates the Company’s upcountry strategy in the secured logistics segment and underscores our proven ability to consistently meet the highest standards of service required by a leading government-owned bank.