10:08 AM EDT, 09/02/2025 (MT Newswires) -- LZ Technology ( LZMH ) said Tuesday it has signed a non-binding agreement with MBH Investments to evaluate a potential smart-community joint venture in the United Arab Emirates.

The partnership is seeking to introduce LZ Technology's ( LZMH ) smart-community platform in Dubai, through a structured pilot initiative to assess product-market fit, and ensure compliance in residential and mixed-use developments.

The companies are also considering a non-binding plan that could see as many as 100,000 devices installed in the UAE within three years, LZ Technology ( LZMH ) said.

Shares of LZ Technology ( LZMH ) were down more than 2% in recent Tuesday trading.

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