https://www.etnews.com/20230802000101

ROZETATECH (CEO Cho Young-jin), a company specializing in disaster prevention artificial intelligence platforms (DAP), announced on the 2nd that it has signed an agreement with Blue Apple Asset Management (CEO Ja Myung), a Canadian asset operator, to enter the North American market and is pursuing the listing of the Toronto Venture Stock Exchange (TSXV) in earnest.

Blue Apple Asset Management is a Korean asset management company in Canada that provides funds to Korean companies with promising technologies and lists them on the Canadian stock market or Nasdaq to help companies attract overseas funds and advance into the global market. The company applied for LCM Energy Solution to the Canadian stock market TSXV through the CPC (Capital Pool Company) and SPAC method, and is waiting for the final screening.

Prior to this, Rozetatech established its local subsidiary ROZE AI in Vancouver, Canada, in February to list TSXV in Canada, and also established ROZE PDI in Silicon Valley in June to prepare for the North American market.

A Rozetatech official said, “Blue Apple conducted a detailed audit through the Rozetatech’s Research Institute and factory tour, concluded that it was a company that met the requirements of a unicorn company, and signed a contract for listing.” Both companies will begin recruiting investors through a preliminary road show targeting institutional investment institutions in North America. It is said that once listing on Canada's TSXV is completed, a blueprint is being set to enter the U.S. Nasdaq or Germany's Frankfurt Stock Exchange in the future.

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CEO Cho Young-jin said, “Most disaster response technologies and devices were focused on after-the-fact response, but in the future, global companies are developing and investing in technology with a focus on pre-disaster prevention.” He added, "Rozetatech is fully comparable to global companies as it has disaster prevention technologies through technology development such as digital twin, big data, and AI."

CEO Cho emphasized, "In particular, Rozetatech is the only company with Internet of Things (IoT) fire detection technology linked to digital twins."
"Global companies are paying attention to world-class technology in fire prevention while developing and operating an integrated disaster prevention system that applies digital twins and AI," he said. "We have received a U.S. patent for our integrated disaster prevention system technology and are also securing intellectual property rights in Europe and Asia."

Rozetatech's global activities are also progressing in the Asian market. Following the establishment of ROZETA VINA, a local corporation in Hanoi, Vietnam last year, the company is also preparing to enter the Indonesian market by establishing ROZETA PTE in Singapore this year.

ROZETATECH, founded in 2015, is changing the firefighting and disaster prevention market from a focus on wired products to a focus on wired and wireless products by applying digital twin and IoT technologies to the firefighting and safety fields. The company's system was selected as an excellent procurement product in November last year, and sales in the public market are increasing.

In recognition of its technological prowess, Rozetatech was selected for the Ministry of Science and ICT's Global ICT Future Unicorn Development Project and the Ministry of Commerce, Industry and Energy's Excellent Enterprise Research Institute Development Project (ACT+).  In March, it signed a consortium member contract with PDI Design Group, an American architectural design company, and signed an agreement to apply Rosetta Tech products to buildings designed by PDI.