Richtech Robotics Expands Agreement With Ghost Kitchens To Manage 20 Additional Walmart-Located Restaurants, Growing Its Restaurant Operations Model; Each Location Is Expected To Generate Between $700K And $2M In Annual Revenue
Portfolio Pulse from Benzinga Newsdesk
Richtech Robotics Inc. (NASDAQ:RR) has expanded its agreement with Ghost Kitchens America to manage 20 additional Walmart-located restaurants in Arizona, Colorado, and Texas. The company aims to optimize operations using robotics and AI, with each location expected to generate $700K to $2M in annual revenue.
October 17, 2024 | 12:42 pm
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Richtech Robotics has signed a LOI with Ghost Kitchens America to manage 20 Walmart-located restaurants, expected to generate significant revenue. The use of robotics and AI aims to optimize operations and reduce costs.
The expansion into managing 20 additional restaurants is a significant development for Richtech Robotics, likely to increase its revenue and market presence. The use of AI and robotics aligns with current tech trends, potentially attracting investor interest.
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