RedCloud Signs JV To Deploy RedAI In Türkiye, With Minimum Contract Value Of $5M Per Year Over Ten Years

RedCloud Holdings plc (NASDAQ:RCT) ("RedCloud" or the "Company"), the company building intelligent infrastructure for global trade announced and signed its second Joint Venture to deploy RedAI in Türkiye, with a minimum contract value of $5m per year over ten years, to transform the country's $166Bn1 market for Fast Moving Consumer Goods (FMCG). The joint venture agreement was signed on stage at World Summit AI in front of a delegation from the AI Trust Foundation.

RedCloud believes the Turkish FMCG market faces the same systemic inefficiencies and waste seen across the globe, resulting in an estimated $22Bn trillion inventory gap2 in Türkiye, where consumer demand for everyday products is mismatched with inventory and stock, due to outdated practices and lack of aggregated trading data and insight across supply chains.