Brightray Science Inc., a majority-owned subsidiary of BUUU Group Limited (Nasdaq: BUUU), disclosed on October 14, 2026 that Brightray Veridian Pte. Ltd., its wholly owned subsidiary, signed a letter of intent dated October 6, 2026 with a U.S.-based mission critical infrastructure partner.

The agreement covers a planned 10MW AI data center in Indiana and represents the company's first project letter of intent in the United States, which Brightray characterized as an important step in its push into the world's largest data center market.

What the Agreement Covers

Under the letter of intent, the partner intends to engage Brightray to deploy a 10 MW prefabricated data center solution.

Brightray would act as the supplier for the prefabricated data center scope agreed upon by the parties, providing related design, manufacturing, integration, delivery and other agreed services.

Implementation depends on the parties reaching final agreement on technical specifications, commercial terms, the project schedule and definitive contract documentation.

The company emphasized that the principal cooperation arrangements are not legally binding and impose no obligation on either party to purchase, supply or make payment.

The partner intends to issue a purchase order to Brightray by November 15, 2026. The LOI expires 12 months after signing unless it is replaced earlier by a definitive agreement.

Brightray cautioned that there is no assurance a definitive contract will be reached, that a purchase order will be issued, or that the project will proceed as planned.

Speed of Delivery as the Core Offering

Central to Brightray's proposal is an accelerated delivery schedule. By running factory prefabrication in parallel with on-site foundation and ancillary works, the company plans to bring the overall project delivery period to within one year.

Brightray clarified that this target covers the full U.S. project schedule, design finalization, permitting, international shipping, on-site foundation and ancillary works, installation and commissioning, and not merely delivery of the prefabricated modules. The starting point of the delivery period and the implementation schedule will be set out in the subsequent definitive contract.

The company attributed the accelerated timeline to its manufacturing approach: pre-installation and integration of the data hall modules and related functional systems would be completed at the manufacturing stage, leaving on-site work concentrated on module placement, interface connections, and integrated commissioning.

Final design, technical specifications, and delivery arrangements remain subject to the parties' final agreement, site and power conditions, required approvals, and equipment supply.

Technical Configuration of the Planned Facility

The project is designed around a single-storey layout shaped by the equipment configuration, operation and maintenance access and site conditions, providing space and facility support for high-density AI equipment.

The facility is intended to be compatible with the NVIDIA GB300 computing platform, with power distribution, cooling and data hall layout planned around the requirements of high-density AI deployment. On reliability and efficiency, the facility is planned to be designed on the basis of Tier III standards, with a target design annual power usage effectiveness below 1.2. Brightray said the aim is to balance high-density computing capacity, operational reliability and energy efficiency.

Why the United States, and Why Now

Brightray situated the project within the scale of the American market.

Citing JLL's 2026 Global Data Center Outlook, the company noted that the Americas account for approximately 50% of global data center capacity, with the United States representing roughly 90% of capacity in the Americas. In Brightray's view, this scale makes the United States an important market for its international expansion and offers broad scope for construction solutions that accelerate computing infrastructure delivery.

The company also highlighted the delivery bottlenecks that come with strong demand. According to CBRE's U.S.

Real Estate Market Outlook 2026, power supply and infrastructure conditions continue to affect data center construction schedules, and traditional 12-to-18-month timelines for sub-50-MW buildings no longer apply.

Brightray said speed of delivery has become an important consideration for customers choosing construction solutions, and it accordingly intends to compress this project's delivery period to within one year, with the starting point and delivery conditions to be defined in the definitive contract.

A Reference Point for Future U.S. Expansion

Brightray said the LOI opens the door to its first project in the U.S. market. Beyond the 10MW project opportunity itself, the company said the significance lies in introducing its prefabricated delivery model to the world's largest data center market and accumulating local project execution and partnership experience.

If the technical solution, commercial arrangements and definitive contract are finalized, Brightray expects the project to serve as a reference for its future business expansion in the United States.