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Roze AI signs MOA for $111.8M AI fire safety project in Seoul development

Market News
19 Oct 2026
GlobeNewsWire
View Source
Bullish
Roze AI signs MOA for $111.8M AI fire safety project in Seoul development

Roze AI's Korean subsidiary signed a memorandum of agreement with Mullae District 3 Complex Development Co. to explore AI fire safety technology integration in a new residential, industrial, and commercial project in Yeongdeungpo, Seoul. The MOA targets approximately $111.8 million in potential contract work, focusing on fire risk assessment and monitoring during the planning and design stages. This agreement is non-binding and subject to approvals and definitive contracts. Roze AI also holds a major contract for the Daegu AI Data Center, highlighting its expanding role in AI-powered fire safety solutions in South Korea.

Roze AI's Korean subsidiary is pursuing a potential $111.8 million AI fire safety project. For readers following technology stocks, here is Pluang's market snapshot as of Oct 19, 2026 18:31 WIB: out of 150 priced US technology stocks, 101 rose and 36 fell. Notable movers include Teradyne, Inc. (USD 337.90, +3.97%), Arm Holdings plc (USD 236.80, +3.95%), and Marvell Technology Inc (USD 236.69, +3.89%).

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