6-K
Guardforce AI Co., Ltd. (GFAI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of May 2022
Commission File Number 001-40848
GUARDFORCE AI CO., LIMITED
(Translation of registrant’s name into English)
10 Anson Road, #28-01 International Plaza
Singapore 079903
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
On May 13, 2022, Guardforce AI Co., Limited (the “Company”) issued a press release relating to the introduction by the Company’s subsidiary, Handshake Networking Limited, of an automated marine scanning service designed to address key security vulnerabilities in the maritime transportation industry. A copy of that press release is attached as Exhibit 99.1 hereto.
This current report of Form 6-K and the attached Exhibit 99.1 press release are incorporated by reference into (i) the prospectus contained in the Company’s registration statement on Form F-3 (SEC File No. 333-261881) declared effective by the Securities and Exchange Commission on January 5, 2022 and (ii) the prospectus dated February 9, 2022 contained in the Company’s registration statement on Form F-3 (SEC File No. 333-262441) declared effective by the Securities and Exchange Commission on February 9, 2022.
EXHIBIT INDEX
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: May 13, 2022 | Guardforce AI Co., Limited | |
|---|---|---|
| By: | /s/ Lei Wang | |
| Lei Wang | ||
| Chief Executive Officer |
2
Exhibit 99.1

Guardforce Announces its Subsidiary, HandshakeNetworking,has Launched a New Cyber-Security Marine Scanning Servicewith a Leading Operator of Global Container Vessels
NEW YORK, NY / May 13, 2022 / – GuardforceAI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ:GFAI)(NASDAQ:GFAIW), an integrated security solutions provider, announced today that Handshake Networking Limited (“Handshake”), a subsidiary of the Company, has developed an automated marine scanning service designed to address key security vulnerabilities in the maritime transportation industry. The Company also announced it has launched this new service with one of the world’s leading operators of global container vessels based in Hong Kong.
Handshake Networking is a premier information security service provider, with a track record of providing network security solutions, including penetration testing, to multinational corporations since 2004. Assessing vulnerabilities and cyber-attacks on vessels at sea is complex, as these vessels move unpredictably between network providers. However, the new service, provided by the Company under a Software-as-a-Service (SaaS) model, addresses these vulnerabilities by allowing marine vessel operators to schedule security scans, adapting to unpredictable changes in the network and speeding up response time to a ship, even in the middle of the ocean. Once a scan is completed, the vessel operator receives a report showing any exposed services and vulnerabilities. This scanning platform provides global coverage and is hosted within the Company’s cloud environment.
Based on recent shipping fleet statistics from UK Department for Transport, at the end of 2021, there were an estimated 63,000 trading vessels in service around the world. Each of these ships contains complex computer systems for managing the engines, fuel and navigation, as well as e-mail, software updates, and access to cloud applications. Connection to global networks via satellite and cellular data is critical; however, this multiple network connectivity makes ships vulnerable to cyber-attack.
Terence Yap, Chairman of Guardforce AI, stated, “We are pleased to announce the launch of our automated marine scanning platform with one of the premier operators of global container vessels. Prior to our selection, our new automated marine scanning service was heavily evaluated by this customer, providing strong validation of the robustness of this cyber intelligence offering and application within the maritime transportation industry. With rapid digitalization of the industry, more and more global shipping companies have come to realize the economic impact of cybercrimes and the need for efficient solutions to help prevent these risks. Cybersecurity solutions are more urgent than ever as International Maritime Organization regulation requires that all vessels and ships worldwide include cyber risk management in their safety management systems in accordance with the International Safety Management (ISM) code. Cybersecurity attacks represent an unprecedented threat to the shipping industry, as well as to the global community, and we anticipate that the demand for our solutions will continue to grow.”
Richard Stagg, Managing Director of Handshake, stated, “International logistics is a prime target for cyber-attack and threats directed at vessels can affect crew, cargo and even ports – as well as the smooth functioning of the ships’ operations. Through our SasS offering, we can provide our customers with a truly cost-effective solution that encourages frequent security checks. With more than 17 years of experience as a provider of information security services, Handshake is well positioned to efficiently assess information security even on container vessels, despite the technical constraints. We look forward to accelerating the commercial rollout of our marine scanning service, which we believe will play an invaluable role in defending corporations and critical infrastructure worldwide.”
About Guardforce AI Co. Ltd.
Guardforce AI Co. Ltd. (NASDAQ:GFAI)(NASDAQ:GFAIW) is a global integrated security solutions provider that is focused on developing robotic solutions and information security services that complement its well-established secured logistics business. With more than 40 years of professional experience, Guardforce AI is a trusted brand name that protects and transports high-value assets belonging to public and private sector organizations. Guardforce AI develops and provides innovative technologies and services that enhance safety and protection. For more information, visit www.guardforceai.com.
Safe Harbor Statement
This press release contains statements thatdo not relate to historical facts but are “forward-looking statements” within the meaning of the safe harbor provisions of theU.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their useof terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict,project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements areneither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptionsregarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economyand other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risksand changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks describedin our registration statements and reports under the heading “Risk Factors” as filed with the Securities and Exchange Commission.Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you shouldnot rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof.Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether becauseof new information, future events or otherwise.
Investor Relations:
David Waldman or Natalya Rudman
Crescendo Communications, LLC
Email: gfai@crescendo-ir.com
Tel: 212-671-1020
Guardforce AI Corporate Communications
Hu Yu
Email: yu.hu@guardforceai.com