Gorilla Technologies Announces CEO Transition | New

TAIPEI, Taiwan and NEW YORK, Sept. 12, 2022 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (“Gorilla”) (Nasdaq: GRRR), a leader in advanced video analytics artificial intelligence, IoT technologies and Cybersecurity, today announced the appointment of Executive Chairman Jayesh (Jay) Chandan as CEO, effective immediately. Chandan succeeds founder and CEO, Dr. Spincer Koh, who is retiring after more than two decades of involvement with the company.

“Gorilla is at an exciting connection point, following its recent public listing as a publicly traded company with working capital, strong growth momentum and international expansion in our sights. As the edge computing market continues to grow exponentially, we continue to improve business agility by bringing infrastructure and applications closer to where data is generated and consumed, powering the next wave of digital transformation,” Chandan said. “On behalf of the company and the board, I would like to thank Dr. Koh for leading and building the company over the past two decades, and wish him the best as he enters his retirement. I am honored to lead the company through this next phase of growth and am committed to maximizing long-term shareholder value as we build Gorilla into the go-to provider of Edge AI worldwide.

“We are at an exciting point in the company’s growth trajectory. After more than 20 years since I founded Gorilla, now is the right time for me to walk away and retire. Jay has been instrumental in the recent stages of our business, including our registration as a public company. I have the utmost confidence in Jay to guide Gorilla through this next chapter,” Dr. Koh said.

Gorilla’s industry-leading AI technology has been developed over the past 20 years and includes 31 granted or pending patents with solutions available on all hardware platforms, and through AI models, artificial intelligence and artificial intelligence SaaS modules. It develops a wide range of video-centric and content management solutions, including Smart Cities, Smart Retail and Enterprise Security. Additionally, Gorilla provides a comprehensive security convergence platform to government institutions, telecommunications companies, and private enterprises with network monitoring and cybersecurity.

About Gorilla Technologies Group Inc.

Gorilla (Nasdaq: GRRR), headquartered in Taipei, Taiwan, is a global leader in security intelligence, network intelligence, business intelligence and IoT technology. Gorilla develops a wide range of solutions, including Smart Cities, Smart Retail, Enterprise Security and Smart Media. Additionally, Gorilla provides a comprehensive security convergence platform to government institutions, telecommunications companies, and private enterprises with network monitoring and cybersecurity.

Gorilla is focused on delivering cutting-edge technology, expert service, and accurate delivery, and ensuring high-end, intelligent, and robust Edge AI solutions that enable customers to improve operational performance and efficiency. Through continued development of the core technology, Gorilla will provide Edge AI solutions to managed service providers, distributors, system integrators and hardware manufacturers. For more information, visit gorilla-technology.com.

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