Richtech Robotics, a Nevada-based provider of AI-driven service robots, has signed a multi-million-dollar sales agreement with Beijing Tongchuang Technology by its Chinese joint venture, Boyu Artificial Intelligence Technology.
The agreement, valued at over $4 million, includes the purchase, service, and software licensing of products from three of Richtech’s key product lines: Adam, Scorpion, and Titan.
The deal expands the company’s footprint in China and opens the door for additional potential opportunities across the Asian market. The agreement is expected to increase the company’s fourth quarter revenue as well as to drive recurring revenue moving forward.
Matt Casella, president of Richtech Robotics, says: “This agreement represents a major milestone in our international growth strategy.
“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 US 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.