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NEWS
Richtech Robotics Expands Agreement with Ghost Kitchens to Manage 20 Additional Walmart-Located Restaurants, Growing its Restaurant Operations Model
Richtech Robotics (Nasdaq: RR) has expanded its restaurant operations model by signing a binding Letter of Intent with Ghost Kitchens America. The agreement grants Richtech Robotics exclusive rights to operate 20 Walmart-located restaurants in Arizona, Colorado, and Texas. These restaurants will be managed by Richtech's subsidiary, AlphaMax Management , utilizing robotics and AI cloud technology to optimize operations.
Each location is expected to generate between $700,000 and $2 million in annual revenue. Richtech Robotics aims to create a repeatable operational blueprint for scaling robotic deployment in the food service industry. The company has already secured rights for Ghost Kitchen operations at Walmart locations in Rockford, Illinois, and Peachtree, Georgia.
Each location is expected to generate between $700,000 and $2 million in annual revenue. Richtech Robotics aims to create a repeatable operational blueprint for scaling robotic deployment in the food service industry. The company has already secured rights for Ghost Kitchen operations at Walmart locations in Rockford, Illinois, and Peachtree, Georgia.
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wwwarrior : Time to fly. fly fly fly
Dontbegreddy : Finally,let’s go!
RiskGame : please don't dump on this good news.
Jaguar8 OP RiskGame : This stock is always heavily shorted
HH1000 : it probably won't fly....if it was going to it would've started premarket. but that's just my guess