Roze AI Announces Approximately US$14.8 Million (KRW 19.88 Billion) in New Contracts for AI-Powered Fire Risk Forecasting
Key Highlights
- ➤New contracts total approximately US$14.8 million, including VAT
- ➤Hapjeong District 6 contract awarded at approximately US$7.49 million
- ➤Hapjeong District 5 contract awarded at approximately US$6.10 million
- ➤Nonhyeon ALT2 contract awarded at approximately US$1.22 million
- ➤Construction at all three sites expected to begin in first half of 2027
Expert Statements
Young Jin Cho, Chief Executive Officer of Roze AI
“We are pleased that Hajo and IJ have selected Roze AI for additional redevelopment and commercial sites. Repeat orders from existing customers demonstrate the strong value and trust our platform builds, supporting our plan to expand deployment of our digital twin AI platform in South Korea as we pursue opportunities in North America and other international markets.”
Additional contracts with existing customers Hajo and IJ Construction at all three sites expected to begin in the first half of 2027
SEONGNAM, South Korea, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Roze AI Inc. (Nasdaq: RZAI, “Roze AI” or the “Company”) today announced three new contracts secured by its wholly owned Korean operating subsidiary, Roze AI Korea Co., Ltd., for redevelopment and commercial projects in South Korea. The contracts include digital twin AI platforms, fire protection equipment and related installation works, with an aggregate value of ~US$14.8 million (KRW 19,884,810,000). All contract values in this release include value-added tax (VAT).
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