Biben Unveils Summer Savings from Now until July: Elevating Brands with Custom Eco-Friendly Shopping Bags
Eco-Friendly Materials : Options such as lightweight Tyvek, biodegradable kraft paper, luxurious felt, and other sustainable materials ensure a variety of styles and textures to suit different needs.
: Options such as lightweight Tyvek, biodegradable kraft paper, luxurious felt, and other sustainable materials ensure a variety of styles and textures to suit different needs. Customizable Designs : Advanced production capabilities, including screen printing, hot stamping, digital printing, and embroidery, bring every branding vision to life.
: Advanced production capabilities, including screen printing, hot stamping, digital printing, and embroidery, bring every branding vision to life. Low Minimum Order Quantities: With MOQs starting at just 500 pieces, the company ensures accessibility to businesses of all sizes.
Free Design and Layout Support : Clients are provided with free artwork previews prior to production, ensuring clarity and alignment with brand requirements.
: Clients are provided with free artwork previews prior to production, ensuring clarity and alignment with brand requirements. Stringent Quality Control : From material selection to final stitching, every step of the manufacturing process is closely monitored to guarantee high standards.
: From material selection to final stitching, every step of the manufacturing process is closely monitored to guarantee high standards. Global Shipping Solutions: Flexible logistics options, including air, courier, and ocean freight, make it easy for orders to reach clients worldwide.
Offer Period : Now – July 5, 2025
: Now – July 5, 2025 Discount : $100 OFF on any order over $3000
: $100 OFF on any order over $3000 How to Claim: Visit www.wzbiben.com or email
[email protected] to request a free quote.
ZHEJIANG, CHINA - Media OutReach Newswire - 3 June 2025 - This summer, Biben, a global leader inmanufacturing, has announced an exclusive promotion to support businesses in adopting sustainable packaging solutions. From, the company is offering a, providing an opportunity for brands to incorporate eco-friendly packaging without exceeding their budgets.In tandem with this promotion, Biben is introducing its newly published guide, Custom Shopping Bags – Find the Perfect Customized Bag for Your Business , providing businesses with comprehensive insights into choosing the perfect bag to represent their brand. The guide covers material options, design styles, and customization tips to help businesses make informed decisions about their packaging solutions.The increasing shift toward environmentally friendly packaging is shaping how businesses present their products. Biben provides a wide range of eco-friendly materials such as, and, allowing brands to align their packaging with their values. Each product is designed to reflect quality and sustainability while maintaining a strong focus on aesthetics.Key features of Biben's offerings include:These products are more than just bags—they represent a commitment to sustainability and thoughtful branding.Biben has established itself as a reliable partner for businesses worldwide, offeringthat serve as both functional packaging and effective branding tools. Over a decade of experience in the industry has allowed the company to develop a range of services that prioritize quality and convenience:With packaging playing an increasingly important role in brand identity, Biben's custom eco-friendly bags provide businesses with an opportunity to enhance their presentation while contributing to sustainability efforts. The summer promotion offers an ideal time to invest in high-quality, branded packaging solutions that align with modern consumer values.The promotion ends on, providing a limited window for businesses to take advantage of the savings.Hashtag: #Biben
The issuer is solely responsible for the content of this announcement.
About Biben
Founded in 2015, Biben is a leading manufacturer of custom eco-friendly shopping bags, based in Zhejiang, China. The company offers a comprehensive range of materials, designs, and branding solutions tailored to the unique needs of businesses across industries. With expertise in materials such as Tyvek, cotton canvas, and washable kraft paper, Biben supports businesses in creating sustainable and visually appealing packaging.
For more information, visit www.wzbiben.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
15 hours ago
- Malay Mail
DHL commits to helping Indonesia expand its fast-growing sectors and aid its rise as a global trade hub
Offers comprehensive end-to-end solutions tailored for Indonesian businesses' unique needs and multinational enterprises seeking to expand locally Sees opportunities in the new energy, life sciences and healthcare, and e-commerce sectors Supports Indonesia's net-zero ambitions and businesses on their decarbonization journeys through a series of targeted initiatives From left to right: Ahmad Mohamad (Senior Technical Advisor, DHL Express Indonesia), Nicholas Bongsosartono (President Director, DHL Global Forwarding Indonesia), Matthias Gehrsitz (Managing Director, DHL Supply Chain Indonesia) Multimodal transportation management Specialized warehousing with critical value-added services such as battery testing and charging Comprehensive aftermarket battery handling solutions Dedicated team of EV logistics specialists who possess deep knowledge in navigating the sector's complex logistical demands while maintaining the highest standards of safety and compliance. DHL Global Forwarding Life Science and Healthcare (LSH) Competency Centre in Jakarta offers specialized storage facilities that maintain temperatures of 2–8°C and 15–25°C, ensuring product integrity and regulatory adherence with the support of trained experts. DHL Medical Express is a premium service that combines the division's logistics expertise with a dedicated and unique range of features to create a flexible solution for the Life Sciences industry. Secure, temperature-controlled transport of vital medical goods through specialized packaging maintains the integrity of vital pharmaceuticals and biotechnological materials. DHL Supply Chain offers deep expertise for various needs, ranging from pharmaceuticals and medical devices to logistics for clinical trials and supply chain consultancy and inventory management for hospital and health services. DHL Express Indonesia is leading the way to reduce the industry's carbon footprint with its GoGreen Plus service, which enables customers to reduce their greenhouse gas emissions by up to 80% through the use of Sustainable Aviation Fuel (SAF). DHL Express currently also deploys 28 electric vehicles for first and last-mile deliveries, as part of its progress in reaching the DHL Group 's global target to electrify over 66% of its pick-up and delivery fleet by 2030. DHL Global Forwarding Indonesia is among the industry's first to pilot electric van for inner-city deliveries, while offering sustainable marine and aviation fuels through its GoGreen Plus solutions to enable customers to easily reduce their main haul carbon emissions across all trade lanes. DHL Supply Chain Indonesia delivers sustainable logistics solutions – from carbon-neutral warehouses powered by solar PV (covering 30% of energy needs), to five regulatory-compliant EV units. Additional eco-friendly measures at the sites, such as rainwater harvesting systems and the adoption of reusable pallets and packaging, ensure that environmental impact is minimized across every supply chain touchpoint. The division also has a dedicated team of EV logistics experts who are ready to support the growth of Indonesia's commercial EV sector through reliable and compliant supply chain solutions. JAKARTA, INDONESIA- Media OutReach Newswire - 20 June 2025 - DHL, the world's leading logistics company, through its Strategy 2030 – Accelerate Sustainable Growth, is focused on supporting Indonesia's ambitions as a key player in both regional and global trade. According to the DHL Trade Atlas 2025 , Indonesia is expected to rank in the top 30 countries for trade growth in speed and scale over the next five years. Its dynamic economy, driven by rapid digital transformation and strategic infrastructure investments, presents significant opportunities for businesses. However, a volatile business environment – characterized by geopolitical tensions and shifting trade patterns – poses challenges and uncertainties for the presence of three DHL Group divisions – DHL Express, DHL Global Forwarding, and DHL Supply Chain – businesses based in Indonesia can tap into end-to-end logistics offerings across the divisions, access a vast global logistics network, and lean on deep expertise to help navigate fluctuating trade complexities. Additionally, the DHL divisions are especially focused on supporting the expansion of fast-growing sectors in Indonesia such as electric vehicles (EVs), life sciences and healthcare, as well as e-commerce and retail."Indonesia's neighbors have been getting all the attention recently when it comes to supply chain resiliency, but this country has much to offer. We have a large domestic market and talent pool, and the government has been investing in modernizing its logistics sector through the National Logistics Ecosystem also see growth opportunities in cities beyond the Greater Jakarta area, such as Surabaya, Semarang, Batam, and Bali, among others, which are viable alternatives for businesses looking to diversify their supply chains. More importantly, we also want to help Indonesian brands expand their horizon beyond the local market through e-commerce," said Ahmad Mohamad, Senior Technical Advisor of DHL Express addition to international brands expanding into Indonesia, there is also a growing pool of Indonesian brands that are going global. Indonesia's strategic location and proximity to major markets in the region make it an attractive location as a global trade hub. It is actively part of at least 12 major bilateral and multi-lateral trade agreements, including the Regional Comprehensive Economic Partnership (RCEP), currently the world's largest free trade Group has been investing in Indonesia to help boost the country's logistics and supply chain capabilities. It has more than 4,000 employees in the country, with approximately 180 facilities across Indonesia, to help cater to the needs of rapidly growing companies in the country."Another sector that we see massive growth opportunities in is new energy in Indonesia, particularly EV batteries. Indonesia's goal of becoming one of the world's top three EV battery producers by 2027 is also in line with our Strategy 2030 focus in this last year, we have seen at least seven EV manufacturers commit to building production facilities in the country. There is also keen interest from many China EV enterprises looking for a logistics partner that can deliver safe and compliant end-to-end logistics. Our existing experience in the automotive industry with customers such as Chery and Wuling Motors, along with regional capabilities and know-how in the EV industry, puts us in a prime position to help EV players navigate the Indonesian landscape," said Matthias Gehrsitz, Managing Director, DHL Supply Chain support this fast-growing industry, DHL's customers in this sector have access to a comprehensive end-to-end logistics solution tailored specifically for EV supply chains. This includes:"Indonesia's life science and healthcare (LSHC) sector is large, but still developing. As a country, we've always been heavily reliant on imports in this sector, but there is a push by the government to reduce imports and be more self-reliant. It is projected that the pharmaceutical sector market value will increase to US$11 billion (~EUR9.5 billion) in us, this would mean investing in the proper logistics infrastructure to support this ambition, such as implementing specialized cold-chain solutions that encourage companies to establish their facilities here in Indonesia," said Nicholas Bongsosartono, President Director, DHL Global Forwarding has been investing in Indonesia ahead of the curve to meet market demands:DHL Group has also recently announced a strategic investment of €500 million to bolster its Life Sciences and Healthcare (LSHC) infrastructure across all business units in Asia Pacific . With its new sector brand, DHL Health Logistics, the Group consolidates its life sciences and healthcare expertise under one unified umbrella, creating a seamless, end-to-end experience for customers that simplifies the management of complex, cross-border supply ambitions to be a frontrunner in low-carbon logistics operations are also aligned with Indonesia's sustainability ambitions. The country wants to reduce greenhouse gas emissions by 29% by 2030 and achieve a low-carbon economy by 2060 or sooner. It also aims to phase out fossil-fuel power plants by 2039 and significantly expand renewable energy capacity. DHL is supporting Indonesia's sustainability targets in several ways:Hashtag: #DHL The issuer is solely responsible for the content of this announcement. DHL – The logistics company for the world DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world". DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
Malay Mail
2 days ago
- Malay Mail
Gorilla Technology Reports First Quarter 2025: Profitability, Global Execution and Momentum Drive 109% Revenue Increase
Exceptional Revenue Growth: Q1 2025 revenue rose to $18.3 million, driven by several mission-critical global agreements. This performance cements Gorilla's operational strength, market credibility and leadership in AI-powered security and infrastructure. Q1 2025 revenue rose to $18.3 million, driven by several mission-critical global agreements. This performance cements Gorilla's operational strength, market credibility and leadership in AI-powered security and infrastructure. Strong Balance Sheet: Gorilla ended Q1 with a healthy $33.8 million in cash, including $20.8 million in unrestricted cash. This solid liquidity base provides flexibility to execute on opportunities and power future expansion. Gorilla ended Q1 with a healthy $33.8 million in cash, including $20.8 million in unrestricted cash. This solid liquidity base provides flexibility to execute on opportunities and power future expansion. Disciplined Debt Reduction: Gorilla cut debt to $18.4 million , down from $21.4 million at year-end 2024, freeing up pledged deposits and sharpening capital efficiency. We will continue to deleverage aggressively wherever it strengthens value and remains cash-neutral, reinforcing a balance sheet built for scale and speed. Gorilla cut debt to , down from $21.4 million at year-end 2024, freeing up pledged deposits and sharpening capital efficiency. We will continue to deleverage aggressively wherever it strengthens value and remains cash-neutral, reinforcing a balance sheet built for scale and speed. Adjusted EBITDA: Reached $5.16 million, up from $3.50 million in Q1 2024, a 47.5% year-on-year increase that underscores Gorilla's expanding operating leverage, disciplined execution and profitable growth trajectory. Reached $5.16 million, up from $3.50 million in Q1 2024, a 47.5% year-on-year increase that underscores Gorilla's expanding operating leverage, disciplined execution and profitable growth trajectory. Adjusted net income: Rose 46.7%, to $4.47 million, compared to $3.05 million in the prior-year quarter, highlighting strong underlying earnings power and margin control despite global scale-up Rose 46.7%, to $4.47 million, compared to $3.05 million in the prior-year quarter, highlighting strong underlying earnings power and margin control despite global scale-up Adjusted EPS: Climbed to $0.23, marking a sharp turnaround from a basic loss per share of $1.47 in Q1 2024. Climbed to $0.23, marking a sharp turnaround from a basic loss per share of $1.47 in Q1 2024. Strategic Investment in Long-Term Value: Our SAFE investment in One Amazon strengthens a game-changing partnership at the heart of global sustainability. As the core technology partner, Gorilla is deploying large-scale IoT infrastructure across the Amazon rainforest, cementing our position as a front-runner in climate intelligence and next-generation environmental innovation. Our SAFE investment in strengthens a game-changing partnership at the heart of global sustainability. As the core technology partner, Gorilla is deploying large-scale IoT infrastructure across the Amazon rainforest, cementing our position as a front-runner in climate intelligence and next-generation environmental innovation. Accelerating Global Momentum: Gorilla's pipeline now exceeds $5 billion, consisting of qualified leads where we have determined that there is a will and a budget to move forward and that we can close a deal within the next 12 months. This has been fueled by rapid expansion across the United States, MENA, Southeast & East Asia, South America and the United Kingdom. Our growing contract base, execution track record and market demand position us not just as a growth story, but as a global force in AI-powered transformation. GORILLA TECHNOLOGY GROUP INC. AND SUBSIDIARIES UNAUDITED CONDENSED QUARTERLY CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2025 AND DECEMBER 31, 2024 (Expressed in United States dollars) Items March 31, 2025 (Unaudited) December 31, 2024 (Audited) Assets Current assets Cash and cash equivalents $ 20,813,810 $ 21,699,202 Financial assets at fair value through profit or loss - current 1,000 1,000 Restricted deposits - current 12,959,625 15,773,099 Unbilled receivables (Contract assets) 44,289,520 34,306,195 Accounts receivable, net 25,621,462 25,670,157 Inventories 5,138 5,199 Prepayments - current 22,707,832 28,632,212 Other receivables, net 385,234 432,696 Other current assets 137,547 151,816 Total current assets 126,921,168 126,671,576 Non-current assets Property and equipment 14,899,703 14,939,143 Right-of-use assets 466,391 505,345 Intangible assets 2,830,788 2,931,661 Deferred income tax assets 7,401,420 6,938,213 Prepayments - non-current 287,483 315,304 Financial assets at fair value through profit or loss - non-current 1,500,000 - Other non-current assets 1,456,777 1,494,740 Total non-current assets 28,842,562 27,124,406 Total assets $ 155,763,730 $ 153,795,982 Items March 31, 2025 (Unaudited) December 31, 2024 (Audited) Liabilities and Equity Liabilities Current liabilities Short-term borrowings $ 12,609,505 $ 15,073,458 Contract liabilities 264,919 273,227 Accounts payable 22,681,772 26,039,076 Other payables 2,291,424 2,451,135 Provisions - current 58,994 37,673 Lease liabilities - current 209,531 210,448 Current income tax liabilities 10,029,276 9,028,829 Warrant liabilities 1,039,726 20,082,272 Long-term borrowings, current portion 1,888,708 1,972,371 Other current liabilities, others 87,543 142,796 Total current liabilities 51,161,398 75,311,285 Non-current liabilities Long-term borrowings 3,886,654 4,372,188 Provisions - non-current 37,989 22,013 Deferred income tax liabilities 221,950 42,897 Lease liabilities - non-current 485,201 579,699 Guarantee deposits received 359,788 364,047 Total non-current liabilities 4,991,582 5,380,844 Total liabilities 56,152,980 80,692,129 Equity Equity attributable to owners of parent Share capital Ordinary share 21,407 19,443 Capital surplus Capital surplus 287,234,895 254,585,267 Retained earnings Accumulated deficit (152,797,036) (148,238,729 ) Other equity interest Financial statements translation differences of foreign operations (1,641,888) (55,500 ) Treasury shares (33,206,628) (33,206,628 ) Equity attributable to owners of the parent 99,610,750 73,103,853 Total equity 99,610,750 73,103,853 Significant contingent liabilities and unrecognized contract commitments - - Total liabilities and equity $ 155,763,730 $ 153,795,982 GORILLA TECHNOLOGY GROUP INC. AND SUBSIDIARIES UNAUDITED CONDENSED QUARTERLY CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS THREE MONTHS ENDED MARCH 31, 2025 AND 2024 Three Months Ended March 31 Items 2025 (Unaudited) 2024 (Unaudited and Unreviewed) Revenue $ 18,258,999 $ 8,736,068 Cost of revenue (11,850,617 ) (1,299,438 ) Gross profit 6,408,382 7,436,630 Operating expenses: Selling and marketing expenses (330,647 ) (387,838 ) General and administrative expenses (3,458,299 ) (3,122,292 ) Research and development expenses (570,240 ) (846,355 ) Currency exchange losses, net* (4,418,096 ) (6,455,655 ) Fair value remeasurement of financial instruments (1,838,049 ) (8,037,431 ) Other income 46,361 18,544 Other losses, net (8,497 ) (31,191 ) Total operating expenses (10,577,467 ) (18,862,218 ) Operating loss (4,169,085 ) (11,425,588 ) Non-operating income (expenses) Interest income 562,792 173,298 Finance costs (154,992 ) (218,789 ) Total non-operating income (expenses) 407,800 (45,491 ) Loss before income tax (3,761,285 ) (11,471,079 ) Income tax expense (797,022 ) (51,747 ) Loss for the period (4,558,307 ) (11,522,826 ) Other comprehensive loss Components of other comprehensive loss that may not be reclassified to profit or loss Remeasurement of defined benefit plans - 3,223 Components of other comprehensive loss that may be reclassified to profit or loss Exchange differences on translation of foreign operations (1,586,388 ) (1,191,786 ) Other comprehensive loss for the period, net of tax (1,586,388 ) (1,188,563 ) Total comprehensive loss for the period (6,144,695 ) (12,711,389 ) Loss per share Basic loss per share $ (0.23 ) $ (1.47 ) Diluted loss per share $ (0.23 ) $ (1.47 ) Weighted average shares of ordinary shares outstanding Basic 19,497,913 7,864,962 Diluted 19,497,913 7,864,962 GORILLA TECHNOLOGY GROUP INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2025 AND 2024 Three Months Ended March 31 2025 (Unaudited) 2024 (Unaudited and Unreviewed) CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax $ (3,761,285 ) $ (11,471,079 ) Adjustments Adjustments to reconcile loss Expected credit losses 6,110 - Depreciation expenses 153,083 134,665 Amortization expenses 154,387 220,837 Gain on disposal of property, plant and equipment - (73 ) Share-based payment expenses 271,050 - Share-based compensation expenses 216 (137,558 ) Interest expense 154,992 218,789 Interest income (562,792 ) (173,298 ) Unrealized exchange loss 4,624,595 6,413,610 Losses on financial liabilities at fair value through profit or loss 1,838,049 8,037,430 Losses on financial assets at fair value through profit or loss - 19,978 Changes in operating assets and liabilities Changes in operating assets Unbilled receivables (Contract assets) (18,224,234 ) (6,844,922 ) Accounts receivable, net 988,290 1,352,608 Inventories - (946 ) Prepayments 6,743,194 193,630 Other receivables - 9,187 Other current assets 15,707 67,079 Other non-current assets - 24,573 Changes in operating liabilities Contract liabilities (4,750 ) (48,645 ) Accounts payable (3,328,962 ) (1,377,745 ) Other payables (121974 ) (407,626 ) Provisions 38,251 (48,682 ) Other current and non-current liabilities (56,910 ) 73,450 Cash outflow generated from operations (11,072,983 ) (3,744,738 ) Interest received 610,494 170,112 Interest paid (184,878 ) (150,651 ) Tax paid (12,499 ) (15,033 ) Net cash flows used in operating activities (10,659,866 ) (3,740,310 ) Three Months Ended March 31 2025 (Unaudited) 2024 (Unaudited and unreviewed) CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES Acquisition of property and equipment (237,893 ) (104,144 ) Acquisition of intangible assets (54,230 ) (23,859 ) Investment in financial assets at fair value through profit or loss - non-current (1,500,000 ) - Disposal (increase) in financial assets at amortized cost 2,699,420 (3,441 ) Decrease in guarantee deposits 40,942 28,879 Net cash flows from (used in) investing activities 948,239 (102,565 ) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from short-term borrowings 8,002,807 7,000,210 Repayments of short-term borrowings (10,270,816 ) (6,172,559 ) Repayments of long-term borrowings (500,531 ) (366,296 ) Principal repayment of lease liabilities (95,268 ) (45,981 ) Proceeds from preferred shares and private warrants 11,499,731 9,650,000 Net cash flows from financing activities 8,635,923 10,065,374 Effect of foreign exchange rate changes 190,312 (1,509,558 ) Net (decrease) increase in cash and cash equivalents (885,392 ) 4,712,941 Cash and cash equivalents at beginning of the period 21,699,202 5,306,857 Cash and cash equivalents at end of the period $ 20,813,810 $ 10,019,798 Three Months Ended March 31 Items 2025 (Unaudited and Unreviewed) 2024 (Unaudited and Unreviewed) (Amount in USD) Operating loss (IFRS) $ (4,169,085 ) $ (11,425,588 ) Add: Exchange loss from currency devaluation 7,188,047 6,533,377 Add: Fair value remeasurement of financial instruments 1,838,049 8,037,430 Adjusted Operating income (Non-IFRS) $ 4,857,011 $ 3,145,219 Add: Depreciation expenses 153,083 134,665 Add: Amortization expenses 154,387 220,837 Adjusted EBITDA (Non-IFRS) $ 5,164,481 $ 3,500,721 Three Months Ended March 31 Items 2025 (Unaudited and Unreviewed) 2024 (Unaudited and Unreviewed) (Amount in USD) Net loss (IFRS) $ (4,558,307) $ (11,522,826 ) Add: Exchange loss from currency devaluation 7,188,047 6,533,377 Add: Fair value remeasurement of financial instruments 1,838,049 8,037,430 Adjusted Net income (Non-IFRS) $ 4,467,789 $ 3,047,981 [email protected] London, United Kingdom--(Newsfile Corp. - June 18, 2025) -Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today reported financial results for Q1 2025 which ended 31 March, highlights Include:'Gorilla has launched into 2025 with power, precision and clarity of purpose. This quarter is not just a performance milestone - it is proof of trajectory. Revenue is up, margins are firm and profitability is no longer aspirational, it is embedded. With momentum on our side, we are no longer just building our pipeline, we are, compounding growth across borders and deepening trust with some of the world's most ambitious partners.''From reshaping energy infrastructure in Thailand to enabling climate-tech at scale in the Amazon, Gorilla is fast becoming the default partner for governments and mid-sized enterprises looking to future-proof their nations. With a strong revenue pipeline and cash base, as well as our relentless operational focus, we are entering our next phase - one of acceleration, execution and measurable value creation.'(Expressed in United States dollars)* During the three months ended March 31, 2025 and 2024, net currency exchange losses amounted to $7,188,047 and $6,533,377, respectively, due to devaluation of monetary assets denominated in the Egyptian pound arising from the sharp depreciation of the Egyptian pound against the U.S. dollar in March 2024.(Expressed in United States dollars)Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide 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, by using AI and Deep Learning expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for more information, please visit our website: 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 beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 30, 2025 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 GentryRedChip Companies, Inc.1-407-644-4256 The issuer is solely responsible for the content of this announcement.
Free Malaysia Today
4 days ago
- Free Malaysia Today
Ships collide off UAE coast near Strait of Hormuz
Electronic interference with commercial ship navigation systems has surged in recent days around the Strait of Hormuz and the wider Gulf. (DVIDS/AFP pic) DUBAI : A vessel collided with two other ships sailing near the Strait of Hormuz today, shipping sources told Reuters, after British maritime security firm Ambrey reported an incident off the UAE coast. Ambrey said the cause of the incident, which took place 22 nautical miles east of Khor Fakkan in the UAE, was not security-related. The maritime incident unfolded as arch foes Iran and Israel exchanged attacks for a fifth day following Israel's widescale strikes on Friday aimed at preventing Tehran from building an atomic weapon. Naval sources have told Reuters that electronic interference with commercial ship navigation systems has surged in recent days around the Strait of Hormuz and the wider Gulf, which is having an impact on vessels sailing through the region. The Strait of Hormuz lies between Oman and Iran and links the Gulf north of it with the Gulf of Oman to the south and the Arabian Sea beyond. About a fifth of the world's total oil consumption passes through the strait. Between the start of 2022 and last month, roughly 17.8 million to 20.8 million barrels of crude, condensate and fuels flowed through the strait daily, according to data from Vortexa. There was no immediate response to Reuters' request for comment from the Emirati foreign ministry or Khor Fakkan container terminal early this morning.
