Day: April 6, 2023

Large scale project in MENA region focused on Security Convergence solutions

LONDON, April 06, 2023 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it has won a significant Smart Government project in the MENA region.

“I’m humbled and overjoyed by this win, which represents one of the most substantial projects in Gorilla’s history,” said CEO Jay Chandan. “Our team’s unwavering determination and hard work have led us to this milestone and I’m immensely proud of their achievements. This significant entry into the MENA region brings us closer to our mission of expanding our global footprint and driving innovation that empowers people and organizations around the world.

“At Gorilla we have remained dedicated to creating technological solutions for both public and private sectors for over two decades now. Being awarded the initial project in the MENA back in November was an important win, but now that we’ve secured this additional opportunity in the region, I believe we have established Gorilla as a key player in the market. Governments in the region are investing heavily to transition from legacy systems to disruptive and newer technologies and are experiencing a significant leapfrog event in their digital transformation journey and we are well positioned to help build it.

“We’ve secured the first phase of the project, which is expected to be over $100 million in value, and expect the second phase, which will begin later this year, to be higher in value. This deal is the largest in Gorilla’s history and is a testament to the trust and confidence in our products and solutions.”

“The win demonstrates Gorilla’s abilities as an end-to-end solutions provider and global operator. Our deliverables include building out the infrastructure layer, customizing our software solutions, integrating the entire system and ultimately managing the system through its lifecycle. The bottom line is it cements Gorilla as a platform-as-a-service solution provider,” added Chandan.

About Gorilla Technology Group Inc.
Gorilla, headquartered in London U.K., is a global solution provider 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. In addition, Gorilla provides a complete Security Convergence Platform to government institutions, telecom companies and private enterprises with network surveillance and cyber security.

Gorilla places an emphasis on offering leading technology, expert service, and precise delivery, and ensuring top-of-the-line, intelligent and strong edge AI solutions that enable clients to improve operational performance and efficiency. With continuous core technology development, Gorilla will deliver edge AI solutions to managed service providers, distributors, system integrators, and hardware manufacturers. For more information, please visit our website: Gorilla-Technology.com.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our Nasdaq listing improving our ability to attract the attention of customers and investors alike, our ability to fund operations as we execute a strategic shift to pursue the larger and higher margin opportunities in Security Convergence, our expectations to swing to profit in the quarters ahead, our immediate priorities, Gorilla’s strategic shift to enable it to pursue larger projects with better revenue visibility, along with those other risks described under the heading “Risk Factors” in the prospectus Gorilla filed with the Securities and Exchange Commission (the “SEC”) on July 7, 2022, and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

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

Investor Relations Contact:
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 8803443

SINGAPORE, April 06, 2023 (GLOBE NEWSWIRE) — Eurora Solutions (Eurora), the leading AI/ML (artificial intelligence/machine learning) backed cross-border trade compliance platform, has partnered with Joom Logistics (Joom), a third-party logistics (3PL) provider for companies looking to trade with Europe from Japan, Hong Kong, South Korea, Mainland China, Turkey, and other regions. This collaboration enables Joom to leverage Eurora’s advanced technology to simplify customs clearance and enhance cross-border trade efficiency.

Joom works with various clients, including merchants selling on cross-border marketplaces and e-commerce websites built on platforms like Shopify or Shoplazza and delivers more than 5 million parcels per month.

Dmitry Chernyshov, CEO of Joom Logistics, stated: “One of the key issues in cross-border delivery is customs clearance. For our clients from Japan, Hong Kong, Mainland China, South Korea, and other regions, we strive to make this process smooth and easy, as if they were shipping parcels domestically. Our cooperation with Eurora helps us find HS* codes faster, lower our operational costs, and increase our overall logistics performance.”

Allocating the correct HS codes for cross-border shipments can be challenging, especially for companies selling a large variety of products. Incorrect allocation can result in incorrect duties and taxes as well as potential fines and delays from authorities. This acts as a barrier for several merchants expanding their business internationally. Eurora’s partnership with Joom will help address this challenge by leveraging AI and ML to automate the HS code allocation, ensuring accurate and efficient cross-border trade compliance.

Marko Lastik, the founder of Eurora, added: “We’re proud to partner with Joom Logistics and provide their clients with a streamlined solution for customs and import regulations. This collaboration is part of our ongoing efforts to expand our reach and bring our technology to more e-commerce merchants across the globe.”

Joom and Eurora are holding an online webinar (25th of April at 15:00 Singapore time) titled “Understanding HS Codes: why they are essential for e-commerce success?”. The webinar features speakers Yulia Borodavkina, Business Development Manager at Joom Logistics, and Laura Breede, HS Code allocation expert at Eurora.

Eurora’s proprietary AI/ML platform boasts a processing capacity of up to 5,000 requests per second with 98% accuracy, making it the most efficient and accurate solution in the market. Developed by leading scientists since 2019, when Eurora’s platform received a research grant from the European Archimedes Fund, over 250 clients use Eurora’s platform to handle millions of parcels daily. With over 220 employees across 18 countries, Eurora is dedicated to providing its clients with seamless cross-border trade compliance.

Eurora’s partnership with Joom follows recent collaboration announcements with SkyNet, one of the world’s biggest independently owned courier companies, a leading global parcel delivery network DPDgroup, and one of the world’s largest mobile e-commerce marketplaces, Wish.

Media Contacts:

Mari-Liis Kitter, Eurora: pr@eurora.com
Karina Grosheva, Joom: karinagrosheva@joom.com

Eurora Solutions Eurora uses artificial intelligence and machine learning to automatically manage cross-border VAT, duty amounts, and declarations. More than 250 clients already use the company’s platform to send millions of parcels daily. Eurora closed a $40 million Series A round in April 2022.

Joom Logistics is a business that provides logistics, technology and infrastructure services for cross-border eCommerce for merchants from Hong Kong, Mainland China, South Korea, Japan and Europe.

GlobeNewswire Distribution ID 1000802685

VICTOR, N.Y., April 06, 2023 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2023 financial results and fiscal year 2024 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, April 6, 2023 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

A PDF containing our Fiscal Year and Fourth Quarter 2023 Financial Results and Fiscal Year 2024 Outlook and full financial tables is available at: http://ml.globenewswire.com/Resource/Download/280a46b0-2c5c-48a9-8096-c3273d5fefde

GlobeNewswire Distribution ID 8803114

Ornella Barra (Chief Operating Officer – International di Walgreens Boots Alliance) e Andrea Prencipe (Rettore Luiss) (2)

Luiss University

Luiss Guido Carli celebrated in the Aula Magna of the Campus, the inauguration of the 2022-2023 Academic Year. In the presence of its Top Management, it conferred the Doctorate Honoris Causa in Management on Ornella Barra, Chief Operating Officer – International of Walgreens Boots Alliance. It was a seminal year for the University, under the many goals achieved and the international awards obtained, which consolidate its value in teaching, research, sustainability and employment.

During the Ceremony, Ornella Barra gave a Lectio Magistralis entitled “Doing business: the importance of values”. “Be happy with the goals achieved but keep looking around, seize the opportunities that present themselves to you and don’t wait for them to knock on your door, go and look for them! Find new challenges every day to grow and improve, and consider each goal as a starting point for new growth. Look at the world with a positive and creative approach, without being limited by the barriers of the ordinary and the consolidated, work with passion, nurture your curiosity and always be courageous in whatever profession you are going to undertake; be protagonists of your future!”, said Ornella Barra.

“Ornella Barra is an example of a courageous entrepreneur open to international challenges. Such an entrepreneurial and international mindset must increasingly characterize the leaders of the future: at Luiss, male and female students experiment with innovative learning models that enable them to build their toolbox to investigate, interpret and act on the real world, and above all to reinvent or invent professions. A toolbox that has paradoxical characteristics: it must be rich, but at the same time half-empty; protected but open; efficient but also ready to accept new challenges”, said the Rector Andrea Prencipe.

Luiss University’s Rector Andrea Prencipe

Luiss University’s Rector Andrea Prencipe

The General Manager Giovanni Lo Storto commented: “Our daily life, in times that require increasing speeds of adaptation and flexibility, calls for open and inclusive leaders who know how to deal with the complexity of today’s reality. At Luiss we encourage students to question themselves, learning that in life there are no predefined formulas that are valid in every context. Volunteering activities, ESG laboratories, soft skills and sports, these are the transversal experiences of life large learning that enrich the curriculum and profile of our students to prepare them for a constantly evolving job market”.

Luiss Guido Carli recorded a new record in admission applications this year with an 18% increase for Bachelor’s, Single-cycle and Master’s degree courses compared to the previous year. The University continues its growth in teaching and research, increasingly consolidating itself as a reference point for a cosmopolitan community connected to the working world. The employment rate of graduates one year after graduation is confirmed at 94%, with peaks of 97% for the Department of Economics and Finance. Furthermore, the international trajectory is strengthened with a student population comprising 88 nationalities and with a network of 315 partner universities in 64 countries and 58 double degree programs and structured partnerships, involving approximately 2,300 students in outgoing and incoming mobility programs this year from nearly 10,000 subscribers.

“The constant rise of Luiss in national and international rankings testifies to the growth that the University has achieved by consolidating its role at a global level. Our University is at the forefront of creating, through higher education, strategic knowledge networks in the Europe-Mediterranean-Africa axis, thus contributing to strengthening the future ruling class of these countries. It is essential to continue investing in training, to reactivate the social lift, reduce gaps and guarantee the same opportunities to all “, said President Vincenzo Boccia.
During the Ceremony, Ornella Barra was awarded an Honorary Doctorate in Management for her extraordinary managerial talent, combining competence, entrepreneurship, international vision, innovative leadership and corporate social responsibility.

Attachments

• Ornella Barra (Chief Operating Officer – International di Walgreens Boots Alliance) e Andrea Prencipe (Rettore Luiss) (2)
• Luiss University’s Rector Andrea Prencipe

GlobeNewswire Distribution ID 1000802660