Richtech Robotics and Beijing City of Design Development Sign Agreement to Accelerate Design of Next-Gen AI-Powered Service Robotics
Richtech Robotics (Nasdaq: RR) has signed a Strategic Cooperation Agreement with Beijing City of Design Development through their Chinese joint venture, Boyu AI Technology. The partnership aims to advance AI-powered service robotics through joint R&D, commercialization, and industry incubation.
The companies plan to establish a Beijing Foreign-Invested R&D Center focusing on domain-specific AI models, autonomous robotic decision-making systems, and integrated software-hardware platforms. Richtech Robotics has already deployed over 400 robot solutions across the U.S. in various sectors including restaurants, retail, hotels, and healthcare, serving notable clients like Texas Rangers' Globe Life Field, Golden Corral, and Hilton.
Richtech Robotics (Nasdaq: RR) ha firmato un Accordo di Cooperazione Strategica con Beijing City of Design Development attraverso la loro joint venture cinese, Boyu AI Technology. La collaborazione mira a promuovere la robotica di servizio basata su intelligenza artificiale tramite ricerca e sviluppo congiunti, commercializzazione e incubazione industriale.
Le aziende intendono istituire un Centro di Ricerca e Sviluppo a Investimento Straniero a Pechino focalizzato su modelli AI specifici per settore, sistemi decisionali autonomi per robot e piattaforme integrate software-hardware. Richtech Robotics ha già implementato oltre 400 soluzioni robotiche negli Stati Uniti in diversi settori come ristorazione, vendita al dettaglio, hotel e sanità, servendo clienti importanti come il Globe Life Field dei Texas Rangers, Golden Corral e Hilton.
Richtech Robotics (Nasdaq: RR) ha firmado un Acuerdo de Cooperación Estratégica con Beijing City of Design Development a través de su empresa conjunta china, Boyu AI Technology. La asociación busca impulsar la robótica de servicio potenciada por IA mediante I+D conjunto, comercialización e incubación industrial.
Las compañías planean establecer un Centro de I+D con Inversión Extranjera en Beijing enfocado en modelos de IA específicos por dominio, sistemas autónomos de toma de decisiones para robots y plataformas integradas de software y hardware. Richtech Robotics ya ha desplegado más de 400 soluciones robóticas en EE. UU. en sectores como restaurantes, comercio minorista, hoteles y salud, atendiendo a clientes destacados como Globe Life Field de los Texas Rangers, Golden Corral y Hilton.
Richtech Robotics (나스닥: RR)는 중국 합작회사 Boyu AI Technology를 통해 베이징 시 디자인 개발과 전략적 협력 계약을 체결했습니다. 이 파트너십은 공동 연구개발, 상용화, 산업 인큐베이션을 통해 AI 기반 서비스 로봇 기술을 발전시키는 것을 목표로 합니다.
양사는 도메인 특화 AI 모델, 자율 로봇 의사결정 시스템, 통합 소프트웨어-하드웨어 플랫폼에 중점을 둔 베이징 외국인 투자 연구개발 센터를 설립할 계획입니다. Richtech Robotics는 이미 미국 내 여러 분야, 예를 들어 레스토랑, 소매업, 호텔, 의료 분야에서 400개 이상의 로봇 솔루션을 배치했으며, 텍사스 레인저스의 글로브 라이프 필드, 골든 코럴, 힐튼 등 주요 고객을 지원하고 있습니다.
Richtech Robotics (Nasdaq : RR) a signé un accord de coopération stratégique avec Beijing City of Design Development via leur coentreprise chinoise, Boyu AI Technology. Ce partenariat vise à faire progresser la robotique de service alimentée par l'IA grâce à une R&D conjointe, à la commercialisation et à l'incubation industrielle.
Les entreprises prévoient d'établir un Centre de R&D à investissement étranger à Pékin axé sur des modèles d'IA spécifiques aux domaines, des systèmes de prise de décision robotique autonomes et des plateformes intégrées logiciel-matériel. Richtech Robotics a déjà déployé plus de 400 solutions robotiques aux États-Unis dans divers secteurs tels que la restauration, le commerce de détail, l'hôtellerie et la santé, au service de clients renommés comme le Globe Life Field des Texas Rangers, Golden Corral et Hilton.
Richtech Robotics (Nasdaq: RR) hat eine strategische Kooperationsvereinbarung mit Beijing City of Design Development über ihr chinesisches Joint Venture Boyu AI Technology unterzeichnet. Die Partnerschaft zielt darauf ab, KI-gestützte Servicerobotik durch gemeinsame Forschung und Entwicklung, Kommerzialisierung und Brancheninkubation voranzutreiben.
Die Unternehmen planen die Einrichtung eines Forschungs- und Entwicklungszentrums mit ausländischen Investitionen in Peking, das sich auf domänenspezifische KI-Modelle, autonome robotische Entscheidungssysteme und integrierte Software-Hardware-Plattformen konzentriert. Richtech Robotics hat bereits über 400 Robotiklösungen in den USA in verschiedenen Branchen wie Gastronomie, Einzelhandel, Hotels und Gesundheitswesen implementiert und betreut namhafte Kunden wie das Globe Life Field der Texas Rangers, Golden Corral und Hilton.
- Strategic partnership with a state-owned Chinese enterprise expands market reach and R&D capabilities
- Established presence with over 400 robot deployments across major U.S. clients
- Development of specialized AI models and autonomous systems could create competitive advantages
- Diversified client base across multiple high-growth sectors including hospitality, healthcare, and retail
- Potential regulatory and geopolitical risks associated with U.S.-China joint venture
- Execution risks in establishing and operating the Beijing R&D Center
- Competition in the rapidly evolving service robotics market
Insights
Richtech Robotics' partnership with Beijing entity strengthens R&D capabilities in AI-powered service robotics, potentially accelerating market expansion.
This strategic partnership between Richtech Robotics and Beijing City of Design Development represents a significant expansion of the company's research and development capabilities. The agreement, executed through their Chinese joint venture Boyu AI Technology, creates a pathway to establish a Beijing Foreign-Invested R&D Center focused on three critical technological domains: domain-specific large AI models, autonomous decision-making systems, and integrated hardware-software platforms.
The collaboration aligns with Richtech's current market positioning, having already deployed over 400 robot solutions across various service sectors in the U.S. including hospitality, healthcare, and retail. Their existing client portfolio includes notable names like Texas Rangers' Globe Life Field, Golden Corral, Hilton, and Boyd Gaming, demonstrating established market traction.
What makes this partnership particularly strategic is the nature of the Chinese counterpart. Beijing City of Design Development is a wholly state-owned enterprise operating as the platform for Beijing's UNESCO Creative City of Design designation. This connection potentially provides Richtech with access to substantial resources, talent, and potentially favorable regulatory conditions within the Chinese market.
From a technological development perspective, focusing on domain-specific AI models rather than general-purpose AI is particularly noteworthy. This targeted approach suggests Richtech is pursuing vertical specialization within service robotics, which could enable them to build deeper competitive advantages in specific high-value applications rather than competing broadly against larger, better-funded robotics players.
The emphasis on integrated software-hardware platforms also indicates a full-stack approach that could potentially lead to more seamless, purpose-built solutions compared to competitors who may excel in either software or hardware but struggle with integration.
Collaboration through Joint Venture Boyu AI Technology will advance core software-hardware R&D, vertical market deployment, and industry incubation
LAS VEGAS, June 27, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, today announced the signing of a Strategic Cooperation Agreement with Beijing City of Design Development Co., Ltd. via their Chinese joint venture, Boyu Artificial Intelligence (Beijing) Technology Co., Ltd. The partnership will concentrate on joint research and development, commercialization across high-growth verticals, and incubation of next-generation service-robotics solutions.
“This partnership significantly enhances our ability to integrate cutting-edge AI with practical robotic solutions,” said Matt Casella, President of Richtech Robotics. “By joining forces, we aim to accelerate the development and deployment of technologies that improve service experiences and streamline operations across key industries such as hospitality, healthcare, and retail.”
Under the agreement, the parties will co-apply to establish a “Beijing Foreign-Invested R&D Center,” which will focus on pursuing breakthroughs in:
- Domain-specific large AI models
- Autonomous robotic decision-making systems
- Integrated software and hardware platforms tailored to service-industry needs
Beijing City of Design Development Co., Ltd. is a wholly state-owned enterprise jointly held by Beijing Financial Street Capital Operation Group Co., Ltd. and Beijing Shouke Group Co., Ltd., and it serves as the operating platform for Beijing’s designation as a UNESCO Creative City of Design.
Richtech Robotics has deployed over 400 robot solutions across the U.S. including in restaurants, retail stores, hotels, healthcare facilities, casinos, senior living homes, and factories. Current clients include, Texas Rangers' Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and more.
About Richtech Robotics
Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.
Forward Looking Statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the successful implementation of the joint venture and the Beijing Foreign-Invested R&D Center and expected results from the partnership with Beijing City of Design Development Co., Ltd.
These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the ability of each party to carry out its respective obligations under the Strategic Cooperation Agreement, the performance of Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on January 14, 2025, as amended on February 7, 2025 and March 4, 2025 and other public filings with the SEC. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.
Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Investors:
CORE IR
Matt Blazei
ir@richtechrobotics.com
Media:
Timothy Tanksley
Director of Marketing
Richtech Robotics, Inc
press@richtechrobotics.com
702-534-0050
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