Gorilla Technology Secures Landmark $1.8 Billion Agreement to Drive Thailand's Largest Smart Grid and AI-Powered Energy Transformation

BANGKOK, THAILAND - Newsfile Corp. - 3 March 2025 - Gorilla Technology Group (NASDAQ: GRRR) has signed a historic $1.8 billion agreement to lead Thailand's largest-ever energy digitisation and infrastructure transformation initiative. Over the next 15 years, this nationwide AI-driven programme will reshape the country's electricity ecosystem, modernising power distribution, enhancing security and optimising energy efficiency at an unprecedented scale.

This is not a conventional infrastructure project. Instead, Gorilla has structured an innovative financing model that allows for long-term, sustainable funding, ensuring the transformation is executed at scale while unlocking long-term financial benefits for all stakeholders.

A Defining Moment for Thailand's Energy Future

As Thailand embarks on a nationwide energy transformation, this initiative will set a new global benchmark for AI-driven modernisation. Under Gorilla's leadership, the programme will integrate advanced technology, automation and data-driven intelligence to create a smarter, more resilient energy ecosystem.

• Enhancing energy infrastructure with AI-powered intelligence and automation, improving efficiency and long-term sustainability.
• Modernising and securing critical assets, leveraging advanced monitoring, remote management and predictive capabilities.
• Empowering millions of consumers with greater visibility, control and efficiency in energy usage through next-generation solutions.

With groundwork beginning this year, the initiative is designed to scale progressively, with financial impact projected to accelerate from 2026-2027 as full implementation reaches operational maturity.

Gorilla's Leadership: AI, Cybersecurity and a Revolutionary Funding Model

Unlike traditional infrastructure projects that rely on milestone-based payments, this strategic energy transformation is built on a forward-thinking, long-term financial model. Gorilla's expertise in AI, cybersecurity, automation and financial structuring ensures this initiative is not only executed at scale but also funded and monetised in a way that drives lasting value.

• AI-Powered Smart Grid Intelligence: Gorilla's AI-driven grid management and predictive analytics will optimise energy flows, reduce inefficiencies and enhance response times, ensuring a resilient, self-correcting power network.
• Enterprise-grade Cybersecurity: As Thailand's power grid becomes increasingly digitised, Gorilla's AI-based cybersecurity protocols will secure the system against cyber threats, with real-time threat monitoring, encrypted communications and proactive anomaly detection.
• Innovative Financial Structuring & Sustainable Monetisation:
  • A performance-linked financial model ensures that revenue generation is tied to efficiency improvements and long-term grid optimisation.
  • Funding is structured over a 15-year lifecycle, aligning investment with tangible, measurable benefits rather than traditional upfront capital expenditure.
  • This structure allows for scalable revenue growth, ensuring financial sustainability for Gorilla while delivering long-term value for Thailand's energy ecosystem.

Projected Revenue Growth Over 15 Years

Given the scale and complexity of the programme, revenues are expected to scale progressively, with a major ramp-up from 2026-2027 as full operations begin. Over the 15-year lifecycle, the initiative is expected to generate multi-billion-dollar cumulative revenue, providing strong, sustained growth for Gorilla.

• Groundwork and deployment begin in 2025, setting the foundation for revenue generation.
• First major revenue impact expected between 2026-2027, as AI-driven infrastructure and smart grid technology reach operational capacity.
• Long-term revenue stream established over 15 years, ensuring Gorilla benefits from ongoing efficiencies and AI-driven optimisation rather than relying on one-time payments.

Mike Wang, Sales Director, Thailand and Rest of Asia, commented, "This is not just an infrastructure upgrade - it is a radical shift in how energy is managed. By integrating AI, automation, and cybersecurity into Thailand's energy infrastructure, this initiative aligns with the national goal of building a resilient, technology-driven economy."

"This 15-year transformation programme ensures that Thailand's power grid remains future-proof, secure, and financially sustainable and Gorilla is at the centre of making it happen."

Viraphan Paiboolsilp, Technology Specialist, added, "This agreement represents a defining moment for Gorilla Technology and for Thailand's energy sector. By combining our expertise in AI and advanced analytics with the country's vision for the future, we are embarking on a transformative journey that will reshape how energy is distributed and consumed across the nation. This 15-year initiative is more than a series of projects - it is a commitment to innovation, sustainability, and excellence. Together, we aim to set a benchmark for energy modernisation not just in Thailand but across the region."

Investor Relations Contact:

Dave Gentry RedChip Companies, Inc. 1-407-644-4256 GRRR@redchip.com

The issuer is solely responsible for the content of this announcement.