Taipei, Taiwan, March 14, 2022 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”), a global leader in edge artificial
intelligence (“Edge AI”) headquartered in Taiwan, is proud to announce the appointment of Dr. Rajesh Natarajan, as its Chief Innovation
Officer. Having spent over 27 years in the technology space helping start-ups, medium-to-large enterprises and global technology giants,
including Microsoft and IBM, Dr. Natarajan’s expertise is in analysing competitive landscapes, framing and prioritizing customer challenges,
driving product strategies, and leading global teams to build end-to-end solutions that maximize growth and profitability.
Tomoyuki Nii, Chairman of Gorilla, commented: “Raj has extensive experience in growing and managing technical teams in fast-moving
innovative environments and commercialising new technologies across a range of high growth tech sectors and applications. He is joining
us at a time of anticipated growth, change and global expansion. Raj will be instrumental in adapting Gorilla’s technology in innovative ways
to address specific customer needs in an expanding list of target industries. As our Chief Innovation Officer, he will help to shape and direct
our future, strengthen our ability to solve complex business problems, so that we can innovate and continue to deliver best-in-class
services. The decision to expand our presence into the U.S. and Europe is the next logical step in our business growth strategy. And, as a
part of our international expansion strategy, we intend to explore adding a regional headquarters in Europe and an office presence in a
strategic U.S. city.”
Dr. Natarajan stated, “I am delighted to join the other members of the management team in ushering this 800-pound Gorilla to the next level
of growth and success. With the accelerated growth of artificial intelligence, the fusion of edge computing and AI presents tremendous
growth potential that is only limited by our imagination and creativity. The digitally connected world and adoption of IoT, is forcing companies
to increasingly roll-out smarter AI solutions at the edge. Gorilla’s technology stack is designed to help these companies implement
strategies that gain real-time insights at the edge. Edge AI is the future, and I want to help build that future!”
About Gorilla Technologies Group Inc.
Gorilla, headquartered in Taipei, Taiwan, is a global leader in security intelligence, network intelligence, business intelligence and IoT
technology. Gorilla develops a wide range of solutions including Smart Cities, Smart Retail, Enterprise Security, and Smart Media. In
addition, Gorilla provides a complete Security Convergence Platform to government institutions, Telecom companies and private
enterprises with network surveillance and cyber security.
Gorilla places an emphasis on offering leading technology, expert service, and precise delivery, and ensuring top-of-the-line, intelligent and
strong Edge AI solutions that enable clients to improve operational performance and efficiency. With continuous core technology
development, Gorilla will deliver Edge AI solutions to managed service providers, distributors, system integrators, and hardware
manufacturers.
About Global SPAC Partners Co.
Global SPAC Partners Co. (Nasdaq: “GLSPU” for units, “GLSPT” for subunits and “GLSPW” for warrants) (“Global”) is a blank check
company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses globally. Global is led by Chairman Jay Chandan, Chief Executive Officer, Bryant B
Edwards, Chief Operating Officer & President Stephen N. Cannon, Chief Financial Officer Long Long.
Important Information and Where to Find It
This press release relates to proposed transactions between Global and Gorilla (the “Transactions”), as contemplated by a definitive
Business Combination Agreement, dated as of December 21, 2021 (the “Business Combination Agreement”). This press release does not
constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. In connection with the Transactions described herein, Gorilla has filed relevant materials with the Securities
and Exchange Commission (the “SEC”), including a registration statement on Form F-4, which includes a preliminary proxy statement of
Global, and a prospectus of Gorilla in connection with the proposed Transactions. The definitive proxy statement and other relevant
documents will be mailed to Global security holders as of a record date to be established for voting on the Business Combination
Agreement and the Transactions. Investors and security holders of Global and other interested persons are advised to read the preliminary
proxy statement, and amendments thereto, and the definitive proxy statement in connection with Global’s solicitation of proxies for the
special meeting of Global shareholders to be held to approve the Business Combination Agreement and the Transactions because these
documents will contain important information about Global, Gorilla, the Business Combination Agreement and the Transactions. The
definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the Transactions (when they
become available), and any other documents filed by Global with the SEC, may be obtained free of charge at the SEC’s website
(www.sec.gov) or by writing to Global at: 2093 Philadelphia Pike #1968, Claymont, DE 19703.
Forward-Looking Statements
This press release contains, and certain oral statements made by representatives of Global and Gorilla and their respective affiliates, from
time to time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. Global’s and Gorilla’s actual results may differ from their expectations, estimates and projections and consequently,
you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,”
and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without
limitation, Global’s and Gorilla’s expectations with respect to future performance and anticipated financial impacts of the Transactions
contemplated by the Business Combination Agreement, the satisfaction of the closing conditions to the Transactions and the timing of the
completion of the Transactions. These forward-looking statements involve significant risks and uncertainties that could cause actual results
to differ materially from expected results. Most of these factors are outside of the control of Global or Gorilla and are difficult to predict.
Factors that may cause such differences include but are not limited to: (i) the inability of the parties to successfully or timely consummate
the Transactions, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated
conditions that could adversely affect the post-Transactions company (the “Company”) or the expected benefits of the Transactions, if not
obtained; (ii) the failure to realize the anticipated benefits of the Transactions; (iii) matters discovered by the parties as they complete their
respective due diligence investigation of the other parties; (iv) the ability of Global prior to the Transactions, and the Company following the
Transactions, to maintain the listing of the Company’s shares on Nasdaq; (v) costs related to the Transactions; (vi) the lack of a third-party
fairness opinion in determining whether or not to pursue the proposed Transactions; (vii) the failure to satisfy the conditions to the
consummation of the Transactions, including the approval of the Business Combination Agreement by the shareholders of Global and the
satisfaction of the minimum cash requirements of the Business Combination Agreement following any redemptions by Global’s public
shareholders; (viii) the risk that the Transactions may not be completed by the stated deadline and the potential failure to obtain an
extension of the stated deadline; (ix) the outcome of any legal proceedings that may be instituted against Global or Gorilla related to the
Transactions; (x) the attraction and retention of qualified directors, officers, employees and key personnel of Global and Gorilla prior to the
Transactions, and the Company following the Transactions; (xi) the ability of the Company to compete effectively in a highly competitive
market; (xii) the ability to protect and enhance Gorilla’s corporate reputation and brand; (xiii) the impact from future regulatory, judicial, and
legislative changes in Gorilla’s or the Company’s industry; (xiv) the uncertain effects of the COVID-19 pandemic and geopolitical
developments; (xv) competition from larger technology companies that have greater resources, technology, relationships and/or expertise;
(xvi) future financial performance of the Company following the Transactions, including the ability of future revenues to meet projected
annual bookings; (xvii) the ability of the Company to forecast and maintain an adequate rate of revenue growth and appropriately plan its
expenses; (xviii) the ability of the Company to generate sufficient revenue from each of its revenue streams; (xix) the ability of the
Company’s patents and patent applications to protect the Company’s core technologies from competitors; (xx) the Company’s ability to
manage a complex set of marketing relationships and realize projected revenues from subscriptions, advertisements; (xxi) product sales
and/or services; (xxii) the Company’s ability to execute its business plans and strategy, including potential expansion into new geographic
regions; and (xxiii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in
other reports and other public filings with the SEC by Global or Gorilla. The foregoing list of factors is not exclusive. Should one or more of
these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those
indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. Global and Gorilla undertake no obligation to update forward-looking statements to
reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Participants in the Solicitation
Gorilla, Global and their respective directors, executive officers and employees and other persons may be deemed to be participants in the
solicitation of proxies from the holders of Global securities in respect of the proposed Transactions. Information about Global’s directors and
executive officers and their ownership of Global’s securities is set forth in Global’s filings with the SEC. Additional information regarding the
interests of the participants in the proxy solicitation will be included in the proxy statement pertaining to the proposed Transactions when it
becomes available. These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the proposed
Transactions or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made
except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Contacts
Peter Wright
+1-617-454-1088
investor-relations@gorilla-technology.com