Focus AI Signs Strategic Business Agreement with Jininfra

Focus AI is set to expand its business scope and strengthen competitiveness through a strategic business agreement (MOU) with Jininfra.

According to Focus AI on June 11, through this MOU, the two companies plan to establish a multifaceted collaboration system based on their respective business areas and proprietary technologies. Jininfra has a growing demand for technology to expand its system integration (SI) and CCTV businesses beyond its existing telecommunications network construction business. Focus AI, for its part, is seeking to broaden its business domain. The respective strengths of both companies form the basis for signing this strategic business agreement.

The two companies plan to pursue comprehensive cooperation in areas such as CCTV, industrial safety, telecommunications and networks, SI projects, joint projects with KT and others, public sector projects, as well as platform integration and product development and advancement. Focus AI will provide AI CCTV solutions, collaborate on public sector projects and SI projects, and contribute to building Jininfra's own solutions. Jininfra, in turn, will work with Focus AI on SI/NI projects and SI projects within smart city initiatives. In addition, both companies plan to continuously identify new joint business opportunities to create synergies for technological development and advancement.

A representative from Focus AI stated, "Based on this business agreement, we expect to secure momentum for performance growth this year, including expanding our core SI business model, diversifying our sales channels, and increasing the supply of industrial safety solutions." The representative added, "By combining the network infrastructure capabilities of both companies with AI-based video and industrial safety solution technologies, we will continue to expand new business opportunities in both public and private markets."

This content was produced with the assistance of AI translation services.