Yesterday, the robotics solutions provider, Guardforce AI Co. Ltd. (GFAI) announced the initial rollout of its robotics solutions in the U.S. Consequently, the stock soared high and has continued its uptrend into today’s premarket, April 22, 2022.
At the last check, GFAI had increased by 8.98% to reach a value of $0.8421 apiece in the premarket. This follows an upsurge of 18.31% in yesterday’s trading which valued the stock at $0.7727 a share.
GFAI’s U.S. Rollout
The robotics solutions company has commenced the initial rollout of its solution in the U.S. starting with New Jersey. The robotics solutions are deployed in office buildings in the home place of the company’s U.S. operations headquarters. Roaming in the buildings, the robots will take part in disinfection duties. The trial basis rollout will provide the company with feedback and intelligence for the required features and applications that customers would need.
Additionally, the company also plans to deploy its T-series robots in the future which would provide reception services in hotels, restaurants, and malls. Following this, the plan also includes service expansion to delivery, security, and advertising.
The Future is Here
As kids, watching robots take over the world in movies was something of a very unimaginable reality. But the future is already here as robotics solutions continue to be implemented beyond just the manufacturing and automotive industries. Robotics solutions are now increasingly being adopted in defense & security, healthcare, aerospace, food & beverage, education, home, and hospitality sectors. Robots are being rapidly implemented in all the sectors and industries to increase efficiency, and reduce labor costs while delivering minimal error margin.
The robotics market is forecasted to grow at a CAGR of 22.8% by 2030, while AI robots are estimated to deliver a CAGR of 36.82% by 2027.
GFAI’s Future
Continuing its robotics solution expansion, GFAI now has operations in nine key markets around the world including China, Thailand, Singapore, Malaysia, Dubai, Australia, and the U.S. Not only geographical presence, but the company has also been expanding its Robotics-as-a-Service portfolio with plans for including delivery, security, and advertising after hospitality. Currently, the company is working on diversifying its services offering and revenue streams.
GFAI expects a nice growth of over 66% in its net revenue for 2022.
Conclusion
The retail investors’ favorite stock, GFAI is once again trending as the company initiated robotics rollout in the U.S.
