Richtech Robotics Announces an Agreement to Purchase an Approximately 20,000 Square Foot Property to Expand Its Headquarters
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) ha annunciato un accordo di acquisto per una proprietà di 1.858 metri quadrati a Las Vegas per ampliare la sua sede centrale. L'acquisizione situata al 2975 Lincoln Road è prevista per il 15 maggio 2025 e aumenterà la capacità di assemblaggio e produzione dell'azienda del 400%.
L'espansione mira a supportare la crescente domanda dei loro robot di servizio alimentati da intelligenza artificiale e a rafforzare le operazioni della catena di approvvigionamento nazionale. La nuova struttura dovrebbe garantire risparmi a lungo termine rispetto ai precedenti contratti di locazione e includerà uno studio dedicato alla creazione di contenuti.
Inoltre, Richtech ha firmato un contratto di affitto per un nuovo ufficio a Newark, California, vicino alla Silicon Valley, dove gli ingegneri continueranno a sviluppare le piattaforme AI e robotiche dell'azienda. I sistemi robotici di punta ADAM e Scorpion sono progettati e assemblati a Las Vegas, utilizzando tecnologie di controllo progettate negli Stati Uniti e piattaforme operative basate su NVIDIA.
Richtech Robotics (Nasdaq: RR) ha anunciado un acuerdo de compra para una propiedad de 1,858 metros cuadrados en Las Vegas para expandir su sede central. La adquisición en 2975 Lincoln Road se cerrará antes del 15 de mayo de 2025 y aumentará la capacidad de ensamblaje y fabricación de la empresa en un 400%.
La expansión busca apoyar la creciente demanda de sus robots de servicio impulsados por inteligencia artificial y fortalecer las operaciones de la cadena de suministro nacional. Se espera que la nueva instalación proporcione ahorros a largo plazo en comparación con los contratos de alquiler anteriores e incluirá un estudio dedicado a la creación de contenido.
Además, Richtech ha firmado un contrato de arrendamiento para una nueva oficina en Newark, California, cerca de Silicon Valley, donde los ingenieros continuarán desarrollando las plataformas de IA y robótica de la empresa. Los sistemas robóticos principales ADAM y Scorpion se diseñan y ensamblan en Las Vegas, utilizando tecnologías de control diseñadas en Estados Unidos y plataformas operativas basadas en NVIDIA.
Richtech Robotics (나스닥: RR)는 본사 확장을 위해 라스베이거스에 1,858평방미터 규모의 부동산 매입 계약을 발표했습니다. 2975 Lincoln Road 소재의 인수는 2025년 5월 15일까지 완료될 예정이며, 회사의 조립 및 제조 능력을 400% 증가시킬 것입니다.
이번 확장은 AI 기반 서비스 로봇에 대한 증가하는 수요를 지원하고 국내 공급망 운영을 강화하는 것을 목표로 합니다. 새 시설은 이전 임대 계약에 비해 장기적인 비용 절감을 제공할 것으로 기대되며, 전용 콘텐츠 제작 스튜디오도 포함될 예정입니다.
또한 Richtech은 실리콘밸리 인근 캘리포니아 뉴어크에 새로운 사무실 임대 계약을 체결했으며, 이곳에서 엔지니어들이 회사의 AI 및 로봇 플랫폼 개발을 계속할 예정입니다. 회사의 대표 로봇 시스템인 ADAM과 Scorpion은 미국에서 설계된 제어 기술과 NVIDIA 기반 운영 플랫폼을 활용하여 라스베이거스에서 설계 및 조립됩니다.
Richtech Robotics (Nasdaq : RR) a annoncé un accord d'achat pour une propriété de 1 858 mètres carrés à Las Vegas afin d'agrandir son siège social. L'acquisition située au 2975 Lincoln Road devrait être finalisée d'ici le 15 mai 2025 et augmentera la capacité d'assemblage et de fabrication de l'entreprise de 400 %.
Cette expansion vise à soutenir la demande croissante pour leurs robots de service alimentés par intelligence artificielle et à renforcer les opérations de la chaîne d'approvisionnement nationale. La nouvelle installation devrait permettre des économies à long terme par rapport aux anciens contrats de location et comprendra un studio dédié à la création de contenu.
De plus, Richtech a signé un bail pour un nouveau bureau à Newark, en Californie, près de la Silicon Valley, où les ingénieurs continueront à développer les plateformes d'IA et de robotique de l'entreprise. Les systèmes robotiques phares ADAM et Scorpion sont conçus et assemblés à Las Vegas, en utilisant des technologies de contrôle développées aux États-Unis et des plateformes opérationnelles basées sur NVIDIA.
Richtech Robotics (Nasdaq: RR) hat einen Kaufvertrag für eine 1.858 Quadratmeter große Immobilie in Las Vegas angekündigt, um seinen Hauptsitz zu erweitern. Der Erwerb in der 2975 Lincoln Road soll bis zum 15. Mai 2025 abgeschlossen sein und die Montage- und Produktionskapazität des Unternehmens um 400 % erhöhen.
Die Erweiterung zielt darauf ab, die wachsende Nachfrage nach ihren KI-gesteuerten Servicerobotern zu unterstützen und die inländischen Lieferkettenoperationen zu stärken. Die neue Einrichtung soll langfristige Kosteneinsparungen im Vergleich zu früheren Mietverträgen bieten und wird ein eigenes Studio für die Inhaltserstellung umfassen.
Zusätzlich hat Richtech einen Mietvertrag für ein neues Büro in Newark, Kalifornien, in der Nähe des Silicon Valley, unterzeichnet, wo Ingenieure weiterhin an der Entwicklung der KI- und Robotikplattformen des Unternehmens arbeiten werden. Die Flaggschiff-Robotersysteme ADAM und Scorpion werden in Las Vegas konstruiert und montiert und nutzen dabei in den USA entwickelte Steuerungstechnologien sowie NVIDIA-basierte Betriebssysteme.
- 400% increase in manufacturing and assembly capacity
- Expected long-term cost savings vs. previous rental arrangement
- Geographic expansion into Silicon Valley with new Newark office
- Strong domestic supply chain with U.S.-based assembly and manufacturing
- Significant capital investment required for property purchase
Insights
Richtech Robotics' acquisition of a 20,000 sq ft property represents a significant operational milestone that addresses current capacity constraints while positioning for future growth. The
The transition from leasing to property ownership creates a valuable fixed asset on the balance sheet while reducing ongoing operating expenses, improving long-term cost structure. This capital allocation decision balances immediate production needs with sustainable financial efficiency.
The dual-location strategy with the new Silicon Valley presence establishes a pragmatic engineering footprint that leverages regional strengths – Las Vegas for manufacturing optimization and Newark for accessing specialized AI talent. This geographical approach addresses both production scaling and innovation advancement simultaneously.
The emphasis on domestic supply chain integration aligns with current market realities around supply chain resilience and reflects a strategic attempt to mitigate potential disruptions. The continued commitment to U.S.-based assembly for their ADAM and Scorpion robots also positions them advantageously amid growing preferences for domestically manufactured technology products.
Most importantly, this expansion signals that current production capabilities have become a bottleneck to growth – a positive constraint that confirms genuine market demand rather than speculative overcapacity investment.
New Las Vegas-based facility plans to increase manufacturing and assembly capacity by
Las Vegas, NV, April 16, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or “the Company”), a Nevada-based provider of AI-driven service robots, announced the entry of a purchase and sale agreement for the purchase of a piece of land located at 2975 Lincoln Road, Las Vegas, Nevada (“Lincoln Property”), covering approximately 20,000 square feet, to expand its headquarters. The acquisition of the Lincoln Property is scheduled to close on or before May 15, 2025, and is expected to quadruple the Company’s assembly and manufacturing footprint for its robotics solutions, supporting increased demand and future growth.
“Richtech Robotics is experiencing rapid growth in demand for our AI-powered service robots,” said Matt Casella, President of Richtech Robotics. “At the same time, we remain committed to strengthening our domestic supply chain. Staying in Las Vegas is a strategic decision for a variety of reasons, and this new facility gives us the expanded capacity and flexibility needed to scale with the increasing interest in our robotics solutions.”
The Company anticipates the new facility will ultimately result in long-term cost savings compared to their previous rental arrangement. In addition to the expanded assemble and manufacturing capacity, the new headquarters is also expected to include a dedicated studio for content creation.
As part of its continued expansion, Richtech Robotics has also signed a lease for a new office in Newark, California, located near the heart of Silicon Valley. Engineers who have undergone training at the Las Vegas headquarters will now begin working out of the Newark location, helping to further develop and deploy the Company’s AI and robotics platforms.
Richtech Robotics maintains its commitment to U.S. assembly and manufacturing, with flagship ADAM and Scorpion robot systems being engineered, developed, and assembled in the Company’s Las Vegas headquarters. These systems feature American-engineered control technologies and are powered by NVIDIA-based operating platforms. The Company also regularly seeks to expand the reach of its supply chain to increase the use of U.S. sourced materials.
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.
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 performance of Richtech Robotics’ products, the targeted closing date of the Lincoln Property, and the increase of manufacturing and assembly capacity as a result of the acquisition of the Lincoln Property.
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 targeted closing date of the Lincoln Property, the increase of manufacturing and assembly capacity as a result of the acquisition of the Lincoln Property, and the ability of AI-powered robotic solutions to improve efficiency. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO registration statement and periodic reports filed with the SEC on or after the date thereof. 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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FAQ
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