Roze AI secures $12.2M in new South Korea contracts

Roze AI Inc. (Nasdaq: RZAI) announced that its wholly owned Korean subsidiary, Roze AI Korea Co., Ltd., has signed contracts valued at KRW 16,400,600,000 (approximately $12.2 million, excluding VAT) to deploy AI-powered fire safety and disaster prevention technologies across three development sites in South Korea.

The contracts cover two mixed-use development sites in Seocho-gu, Seoul, operated by Hajo, valued at KRW 6,444,800,000 and KRW 7,837,600,000 respectively, and a commercial project at the Soraepogu Fish Market in Namdong-gu, Incheon, operated by IJ, valued at KRW 2,118,200,000. All figures exclude VAT. Including VAT, the aggregate contract value is KRW 18,040,660,000, or approximately $13.4 million.

The contracts include deployment of digital twin AI platforms, fire protection equipment and related installation works. Construction across all three sites is expected to begin in the first half of 2027, according to the company's current project schedules.

The company noted that contract amounts are based on preliminary designs and may be revised following detailed design changes. The contracts also allow for project changes, postponement or cancellation, and the stated values are not revenue guidance.

Roze AI's technologies include its Fire 4Cast system, which collects data from wireless sensors installed in buildings, and its Disaster AI Platform, which uses AI and digital twin technologies to generate a Fire Risk Index for building operators.

Chief Executive Officer Young Jin Cho said, "These contracts are a meaningful step in scaling our commercial business and reflect growing demand from developers for preventive fire safety in large residential and mixed-use projects."

The company stated it plans to pursue additional commercial deployment opportunities in North America and other international markets. Dollar equivalents were calculated using a rate of approximately KRW 1,342.18 per $1, derived from the Bank of Canada's daily exchange rates for October 5, 2026.

You May Also Be Interested In

• Coca-Cola picks Omnicom for North America, keeps WPP globally
• Albany International expands hypersonic composites unit with $36M investment
• Rambus invests in ChipAgents, adopts its AI chip design platform