Richtech Robotics Inc-B Stock Price, News & Analysis

Richtech Robotics (NASDAQ: RR) announced that its AI-powered robot ADAM has served over 16,000 drinks at its flagship Clouffee & Tea location in Las Vegas since February 2025. ADAM, equipped with advanced AI and NVIDIA technology, features two robotic arms and a proprietary vision-AI system for precise beverage preparation. The robot can engage customers, suggest drinks, and execute complex recipes with millimeter-level accuracy. Beyond beverage service, ADAM is designed for versatile applications across retail, laboratories, and commercial environments. Richtech Robotics has already deployed over 400 robotic solutions across various industries, serving major clients including Texas Rangers' Globe Life Field, Golden Corral, Hilton, Sodexo, and Boyd Gaming.

Richtech Robotics' (NASDAQ: RR) Titan robot has been awarded the Robotics Innovation of the Year by the 4th annual SupplyTech Breakthrough Awards. The Titan robot, designed for the automotive repair industry, streamlines delivery processes and enhances operational efficiency. According to customer reports, the robot saves technicians an average of one hour per day while improving internal parts delivery accuracy in multi-bay service centers. Richtech Robotics is actively partnering with leading U.S. auto dealerships to integrate Titan into their workflows, aiming to reduce operational expenses and boost efficiency. The company specializes in collaborative robotic solutions for the service industry, including hospitality and healthcare sectors.

Richtech Robotics (Nasdaq: RR), an AI-driven service robotics company, has been preliminarily selected for inclusion in the Russell 2000® Index, effective after market close on June 27, 2025. This inclusion, which remains valid for one year, comes as part of the 2025 Russell Indexes reconstitution. The company will also be automatically added to corresponding growth and value indexes. The Russell indices, which had approximately $10.6 trillion in benchmarked assets as of June 2024, are widely used by investment managers and institutional investors for index funds and active investment strategies. Richtech Robotics specializes in collaborative robotic solutions for the service industry, particularly in hospitality and healthcare sectors.

Richtech Robotics (Nasdaq: RR) is enhancing its AI-powered barista robot ADAM with a new artisanal espresso system, set to debut at the National Restaurant Association Show in Chicago (May 17-20, 2025). The upgraded system incorporates standard café equipment including a precision grinder, distribution and tamping equipment, and a hand-pressed espresso machine.

ADAM's new capabilities leverage NVIDIA-powered AI vision to monitor and adjust water pressure during extraction in real-time, ensuring optimal espresso shots. The robot can also detect approaching customers and explain the coffee-making process. This advancement aims to combine automation efficiency with artisanal coffee quality, building upon ADAM's existing ability to craft lattes and boba teas.

Richtech Robotics (Nasdaq: RR) has announced a purchase agreement for a 20,000-square-foot property in Las Vegas to expand its headquarters. The acquisition at 2975 Lincoln Road is set to close by May 15, 2025, and will increase the company's assembly and manufacturing capacity by 400%.

The expansion aims to support growing demand for their AI-powered service robots and strengthen domestic supply chain operations. The new facility is expected to provide long-term cost savings compared to previous rental arrangements and will include a dedicated content creation studio.

Additionally, Richtech has signed a lease for a new office in Newark, California, near Silicon Valley, where engineers will continue developing the company's AI and robotics platforms. The company's flagship ADAM and Scorpion robot systems are engineered and assembled in Las Vegas, utilizing American-engineered control technologies and NVIDIA-based operating platforms.

Richtech Robotics (Nasdaq: RR) has announced the opening of its third One Kitchen restaurant in collaboration with Ghost Kitchens America at the Walmart Supercenter in Peachtree City, Georgia. This location marks the first to feature the company's AI-driven Scorpion robot, which will serve various beverages including coffees and teas.

The grand opening is scheduled for March 21st, 2025, at 9:30 a.m. The Scorpion robot, powered by NVIDIA AI technology, is designed to interact with customers, monitor environmental changes, and prepare drinks with precision. The location will be managed by Richtech's subsidiary, AlphaMax Management , utilizing robotics and AI cloud technology for enhanced operations.

According to President Matt Casella, the company expects this location to generate stable revenue, strong cash flow, and increased profitability while meeting the growing industry demand for operational efficiency and enhanced customer experience.

Richtech Robotics (Nasdaq: RR) announces its participation at ProWein 2025 in Düsseldorf, Germany, marking its strategic global expansion plans. The company will showcase its AI-powered Scorpion robot at Hall 5, Booth 5E46 during March 16-18, 2025.

The Scorpion platform, powered by NVIDIA AI technology, offers automated bartending services, including guided wine tastings and cocktail crafting based on customer preferences. At ProWein, it will serve five liquors and five wines while providing product information and interactive sommelier-like experiences.

Richtech has already deployed over 300 robot solutions across the U.S. in various sectors including restaurants, retail stores, hotels, healthcare facilities, casinos, senior living homes, and factories. Notable clients include Texas Rangers' Globe Life Field, Golden Corral, Hilton, Sodexo, and Boyd Gaming.

Richtech Robotics (Nasdaq: RR) has launched the Richtech Accelerator Program to advance AI and robotics research at U.S. universities. Columbia University is the first institution to join, focusing on Natural Language Processing integration with Richtech's robotic systems.

The program provides research institutions access to Richtech's commercially-validated robotic systems, including autonomous mobile robots and robotic arm platforms equipped with machine vision and voice interaction modules powered by NVIDIA Jetson Orin Nano. Notable robots include ADAM and Scorpion.

The initiative aims to enhance machine vision, AI interaction, and robotic arm path planning using localized AI models. Participants receive access to Richtech's APIs and can apply for either fully funded ( to 10 recipients) or partially funded positions. The company, with over 300 robots deployed worldwide, aims to improve efficiency and address labor shortages in manufacturing, healthcare, and service sectors.

Richtech Robotics (Nasdaq: RR) announced the grand opening of its first Clouffee & Tea store at Town Square, Las Vegas, scheduled for February 9, 2025. The new food and beverage brand features the company's AI-powered robot ADAM as a barista, offering various milk teas, coffees, and desserts.

ADAM, powered by NVIDIA AI technology, will interact with customers, take verbal orders, and prepare beverages with precision. The robot can detect customer presence, engage in conversation, and adapt to environmental changes.

The company has already deployed over 300 robot solutions across various sectors in the U.S., serving clients including Texas Rangers' Globe Life Field, Golden Corral, Hilton, Sodexo, and Boyd Gaming. The grand opening ceremony will begin at 11:00 am at 6587 S Las Vegas Blvd #B187.