Roze AI Signs MOA Targeting Approximately US$111.8 Million in AI Fire Safety and Related Project Work
Key Highlights
- ➤MOA targets approximately US$111.8 million in potential AI fire-safety project work
- ➤MOA is non-binding and does not represent a confirmed order or revenue guidance
- ➤Daegu AI Data Center contract totals KRW 230,937,476,000, approximately US$172.2 million
- ➤Daegu project operations have not commenced, with financing not yet secured
Expert Statements
Young Jin Cho, Chief Executive Officer of Roze AI
“We see a compelling opportunity to bring AI fire risk assessment and monitoring into the early planning of this development. This MOA gives us a framework to collaborate with the relevant parties on the technical scope, design requirements and commercial terms needed to reach a definitive agreement.”
SEONGNAM, South Korea, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Roze AI Inc. (Nasdaq: RZAI, “Roze AI” or the “Company”) today announced that its wholly owned Korean operating subsidiary, Roze AI Korea Co., Ltd., signed a memorandum of agreement (“MOA”) with Mullae District 3 Complex Development Co., Ltd. on October 16, 2026 to evaluate participation in a proposed development in Yeongdeungpo, Seoul, involving AI fire safety systems and related technologies.
Young Jin Cho, Chief Executive Officer of Roze AI, said, “We see a compelling opportunity to bring AI fire risk assessment and monitoring into the early planning of this development. This MOA gives us a framework to collaborate with the relevant parties on the technical scope, design requirements and commercial terms needed to reach a definitive agreement.”
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