Guardforce AI Announces Closing of Strategic Acquisition of MGAI; Establishes AI Revenue Roadmap and Vertical Expansion of Agentic AI Platform

About this update from Guardforce Ai Co., Limited

NEW YORK, NY, March 17, 2026 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), an AI-driven technology company providing Agentic AI smart solutions in automation, robotics, and secured logistics, today announced it has completed the acquisition of 100% of the issued share capital of MGAI Limited (“MGAI”), a Hong Kong-incorporated holding company. MGAI holds approximately 61.85% of the equity interest in Shenzhen Muyan Education Technology Consulting Co., Ltd. (“Muyan Education”), MGAI’s principal operating entity. Through this acquisition, Guardforce AI secured indirect majority control of Muyan Education. The acquisition accelerates Guardforce AI’s AI revenue growth and reinforces the Company’s long-term strategy of commercializing domain-specific AI agents across scalable service industries. Strategic Importance and Synergies MGAI is a pioneer in AI-driven solutions for speech therapy and rehabilitation, offering a comprehensive ecosystem that integrates proprietary AI-supported software, cloud-based SaaS tools, professional training systems, and integrated hardware solutions. Leveraging one of China’s largest domestic databases for pediatric language development, this ecosystem supports a vast network of hospitals, educational institutions, and healthcare professionals. To date, its mainland China subsidiary, Muyan Education, has served over 110,000 patients and maintains a registry of more than 20,000 rehabilitation specialists. The acquisition of MGAI strengthens Guardforce AI’s position as an emerging leader in applied AI solutions across Asia with multiple benefits including: Market Opportunity and Measurable Revenue Milestones According to a research study conducted by Nova Growth Analytics, China’s children’s speech and language therapy market is estimated to grow at a compound annual growth rate (CAGR) of 7.5 percent, from approximately $1.2 billion in 2024 to about $2.14 billion in 2033. Recent data in this same study indicates that cities with populations exceeding one million have experienced a CAGR of approximately 12 percent in speech therapy service utilization over the past five years. This trend is largely attributable to improved healthcare infrastructure, higher parental education levels, and increased recognition of early intervention benefits. To capture this growth, MGAI is...

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