Richtech Robotics Signs Distribution Agreement With Sproutmation, LLC, Commercial Robotics And Automation Solutions Delivery Provider; First Purchase Order Under Agreement Is For 20 Scorpion Units
Portfolio Pulse from Benzinga Newsdesk
Richtech Robotics Inc. has signed a distribution agreement with Sproutmation, LLC, with an initial purchase order for 20 Scorpion units and an annual sales target of 100 units. This partnership aims to expand Richtech's reach in the commercial robotics market.
October 08, 2024 | 12:47 pm
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Richtech Robotics has entered a distribution agreement with Sproutmation, with an initial order for 20 Scorpion units and a target of 100 units annually. This partnership is expected to enhance Richtech's market presence.
The distribution agreement with Sproutmation and the initial order of 20 units, along with a target of 100 units annually, indicates a significant expansion opportunity for Richtech Robotics. This could positively impact RR's stock price as it suggests increased sales and market penetration.
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