Guardforce AI Extends Sportswear Retail Partnership

- This partnership extension includes deploying smart retail solutions at five new retail locations in 2026 and another in 2027. - The collaboration began in mid-2025 with a proof of concept, followed by the installation of AI camera systems in 13 stores and full smart retail solutions in two other locations that same year. - Guardforce AI's solution for the brand integrates AI-powered CCTV surveillance analytics with RFID-based inventory systems to enhance security, reduce theft, and decrease inventory inaccuracies. - The deal is part of the sportswear brand's nationwide store renovation plan in Thailand, a market that saw its sportswear sector reach $1.24 billion in 2024 and is projected to grow to $1.73 billion by 2033. - In July 2025, Guardforce AI's Thai subsidiary held a major rebranding event in Bangkok to officially launch its "Smart Retail Solution," which is designed to help retailers manage customer flow, inventory, and behavior patterns. - Beyond retail, Guardforce AI is expanding its AI-driven services, having recently signed a non-binding letter of intent to acquire MGAI Limited, an AI-powered speech therapy and development platform with over 110,000 patients. - To enhance shareholder value, Guardforce AI's board authorized a share repurchase program of up to $5 million of its outstanding ordinary shares on February 20, 2026. - The company's broader AI strategy in Thailand includes integrating its "AI Agent" platform with its Robotics-as-a-Service (RaaS) offerings, which have been used for onsite check-in and engagement at nearly 100 events.