RedCloud signs second Joint Venture to deploy RedAI in Turkey

RedCloud (RCT) announced and signed its second Joint Venture to deploy RedAI in Turkey, with a minimum contract value of $5M per year over ten years, to transform the country’s $166B market for Fast Moving Consumer Goods. 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 $22B inventory gap in Turkey, where consumer demand for everyday products is mismatched with inventory and stock, due to outdated practices and lack of aggregated trading data and insight across supply chains. RedCloud Turkey, will be headquartered in Istanbul and is expected to launch operations in the first quarter of 2026, deploying the Company’s RedAI trading platform and intelligence capabilities with businesses spanning from manufacture to retail. The Company believes RedCloud Turkey will be able to leverage RedCloud’s future global developments in the use of AI and associated supply chain models through RedAI.