Richtech Robotics Joint Venture Partner Secures $4M Sales Agreement to Expand Reach in Asia’s AI Robotics Market
Richtech Robotics (NASDAQ: RR), a Nevada-based AI service robotics company, has announced a significant $4 million sales agreement through its Chinese joint venture, Boyu Artificial Intelligence Technology Co., Ltd., with Beijing Tongchuang Technology Development Co., Ltd.
The comprehensive agreement encompasses the purchase, service, and software licensing of three key product lines: ADAM, Scorpion, and Titan. This strategic partnership is expected to boost the company's fourth quarter revenue and generate recurring revenue streams. Richtech Robotics has already demonstrated strong market presence with over 400 robot solutions deployed across various sectors in the U.S., serving notable clients including Texas Rangers' Globe Life Field, Golden Corral, Hilton, Sodexo, and Boyd Gaming.
The deal marks a significant expansion of Richtech's presence in China and creates opportunities for further growth across the Asian market. The company specializes in providing collaborative robotic solutions for the service industry, particularly in hospitality and healthcare sectors.
Richtech Robotics (NASDAQ: RR), un'azienda di robotica AI con sede in Nevada, ha annunciato un importante accordo di vendita da 4 milioni di dollari tramite la sua joint venture cinese, Boyu Artificial Intelligence Technology Co., Ltd., con Beijing Tongchuang Technology Development Co., Ltd.
L'accordo completo include l'acquisto, il servizio e la licenza software di tre linee di prodotti principali: ADAM, Scorpion e Titan. Questa partnership strategica dovrebbe incrementare i ricavi del quarto trimestre della società e generare flussi di entrate ricorrenti. Richtech Robotics ha già dimostrato una forte presenza sul mercato con oltre 400 soluzioni robotiche implementate in diversi settori negli Stati Uniti, servendo clienti importanti come il Globe Life Field dei Texas Rangers, Golden Corral, Hilton, Sodexo e Boyd Gaming.
L'accordo rappresenta un'espansione significativa della presenza di Richtech in Cina e crea opportunità di crescita ulteriori nel mercato asiatico. L'azienda è specializzata nel fornire soluzioni robotiche collaborative per il settore dei servizi, in particolare nei settori dell'ospitalità e della sanità.
Richtech Robotics (NASDAQ: RR), una empresa de robótica de servicios con inteligencia artificial con sede en Nevada, ha anunciado un importante acuerdo de ventas por 4 millones de dólares a través de su empresa conjunta china, Boyu Artificial Intelligence Technology Co., Ltd., con Beijing Tongchuang Technology Development Co., Ltd.
El acuerdo integral abarca la compra, el servicio y la licencia de software de tres líneas de productos clave: ADAM, Scorpion y Titan. Esta asociación estratégica se espera que aumente los ingresos del cuarto trimestre de la compañía y genere flujos de ingresos recurrentes. Richtech Robotics ya ha demostrado una fuerte presencia en el mercado con más de 400 soluciones robóticas desplegadas en diversos sectores en EE.UU., atendiendo a clientes destacados como Globe Life Field de los Texas Rangers, Golden Corral, Hilton, Sodexo y Boyd Gaming.
El acuerdo marca una expansión significativa de la presencia de Richtech en China y crea oportunidades para un mayor crecimiento en el mercado asiático. La empresa se especializa en ofrecer soluciones robóticas colaborativas para la industria de servicios, especialmente en los sectores de hospitalidad y salud.
Richtech Robotics (NASDAQ: RR)는 네바다에 본사를 둔 AI 서비스 로봇 회사로, 중국 합작 투자사인 Boyu Artificial Intelligence Technology Co., Ltd.를 통해 Beijing Tongchuang Technology Development Co., Ltd.와 4백만 달러 규모의 판매 계약을 체결했다고 발표했습니다.
이번 포괄적 계약은 세 가지 주요 제품 라인인 ADAM, Scorpion, Titan의 구매, 서비스 및 소프트웨어 라이선스를 포함합니다. 이 전략적 파트너십은 회사의 4분기 매출을 증대시키고 반복 수익원을 창출할 것으로 기대됩니다. Richtech Robotics는 이미 미국 내 다양한 분야에 400개 이상의 로봇 솔루션을 배치하며 텍사스 레인저스의 Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming 등 주요 고객을 확보한 강력한 시장 입지를 보여주고 있습니다.
이번 계약은 Richtech의 중국 내 입지를 크게 확장하는 동시에 아시아 시장 전반에 걸친 추가 성장 기회를 창출합니다. 이 회사는 특히 환대 및 의료 분야에서 서비스 산업을 위한 협동 로봇 솔루션 제공을 전문으로 합니다.
Richtech Robotics (NASDAQ : RR), une entreprise de robotique de services basée au Nevada, a annoncé un important contrat de vente de 4 millions de dollars via sa coentreprise chinoise, Boyu Artificial Intelligence Technology Co., Ltd., avec Beijing Tongchuang Technology Development Co., Ltd.
Ce contrat global comprend l'achat, le service et la licence logicielle de trois gammes de produits clés : ADAM, Scorpion et Titan. Ce partenariat stratégique devrait augmenter les revenus du quatrième trimestre de l'entreprise et générer des revenus récurrents. Richtech Robotics a déjà démontré une forte présence sur le marché avec plus de 400 solutions robotiques déployées dans divers secteurs aux États-Unis, desservant des clients notables tels que le Globe Life Field des Texas Rangers, Golden Corral, Hilton, Sodexo et Boyd Gaming.
Ce contrat marque une expansion significative de la présence de Richtech en Chine et crée des opportunités de croissance supplémentaires sur le marché asiatique. L'entreprise est spécialisée dans la fourniture de solutions robotiques collaboratives pour le secteur des services, notamment dans l'hôtellerie et les soins de santé.
Richtech Robotics (NASDAQ: RR), ein in Nevada ansässiges Unternehmen für KI-Service-Robotik, hat eine bedeutende Verkaufsvereinbarung über 4 Millionen US-Dollar über sein chinesisches Joint Venture Boyu Artificial Intelligence Technology Co., Ltd. mit Beijing Tongchuang Technology Development Co., Ltd. bekanntgegeben.
Die umfassende Vereinbarung umfasst den Kauf, Service und die Softwarelizenzierung von drei wichtigen Produktlinien: ADAM, Scorpion und Titan. Diese strategische Partnerschaft soll den Umsatz des Unternehmens im vierten Quartal steigern und wiederkehrende Einnahmequellen generieren. Richtech Robotics hat bereits eine starke Marktpräsenz mit über 400 eingesetzten Robotiklösungen in verschiedenen Branchen in den USA gezeigt und bedient namhafte Kunden wie das Globe Life Field der Texas Rangers, Golden Corral, Hilton, Sodexo und Boyd Gaming.
Der Vertrag markiert eine bedeutende Expansion von Richtechs Präsenz in China und schafft Möglichkeiten für weiteres Wachstum auf dem asiatischen Markt. Das Unternehmen spezialisiert sich auf kollaborative Robotiklösungen für die Dienstleistungsbranche, insbesondere in den Bereichen Gastgewerbe und Gesundheitswesen.
- Secured a significant $4 million sales agreement for the Asian market
- Agreement includes recurring revenue through service and software licensing
- Expected to positively impact fourth quarter revenue
- Demonstrates successful market penetration with over 400 robot solutions already deployed in the U.S.
- Partnership expands footprint in China and creates additional opportunities across Asia
- Success depends on each party's ability to fulfill agreement obligations
- Implementation subject to industry and economic market conditions
- International expansion carries inherent risks and uncertainties
Insights
Richtech's $4M Asia deal strengthens international presence and adds recurring revenue streams through software licensing.
Richtech Robotics has secured a
The multi-faceted agreement involves not just product sales but also service and software licensing across three key product lines: ADAM, Scorpion, and Titan. This structure suggests Richtech is executing a strategic pivot toward recurring revenue models through licensing, moving beyond one-time hardware sales.
The timing is noteworthy as the company expects this deal to boost fourth-quarter revenue while establishing longer-term revenue streams. With over 400 robot deployments already across various sectors in the U.S., this Asian expansion leverages Richtech's established product portfolio rather than requiring new development.
The agreement positions Richtech to potentially capture additional market share in China's rapidly growing service robotics sector, where automation adoption is accelerating across hospitality, retail, manufacturing, and healthcare. By partnering with a local technology firm, Richtech gains valuable market access while potentially navigating China's complex regulatory environment more effectively than through direct entry.
Agreement with Beijing Tongchuang Technology Development Co., Ltd. strengthens regional momentum through purchase, service, and licensing of flagship products
LAS VEGAS, June 30, 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 multi-million-dollar sales agreement with Beijing Tongchuang Technology Development Co., Ltd. by its Chinese joint venture, Boyu Artificial Intelligence Technology Co., Ltd.
The agreement, valued at over
“This agreement represents a major milestone in our international growth strategy,” said Matt Casella, President of Richtech Robotics. “We’re excited to offer our AI-driven solutions to more businesses across Asia, with the aim of helping them enhance operational efficiency and customer experiences through next-generation robotics.”
This partnership builds on Richtech Robotics’ commitment to global expansion, offering advanced service robot solutions tailored to high-demand sectors such as hospitality, retail, manufacturing, and healthcare.
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 terms of the sales agreement, the expected impact of such sales on Richtech Robotics’ future revenue, and the of the success of Richtech Robotics’ international expansion strategy.
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 sales agreement, 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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