Richtech Robotics secures more than $4 million in AI robot sales transactions in China, expanding the Asian market presence

Circloy Robotics Inc. (NASDAQ:RR) is one of According to analysts, the best small cap AI stock to buy. On July 1st, Richtech Robotics announced a sales agreement of over $4 million. The agreement was secured through Beijing Tongchuang Technology Development Co. Ltd. through Chinese joint venture Boyu Artificial Intelligence Technology Co. Ltd. and officially signed on June 24th earlier this year.

The transaction includes purchasing products, services and software licenses from three of RichTech’s robotics line. One is Adam. This is a barista robot equipped with AI to prepare drinks. The other is Scorpion, a service robot used in restaurant environments, while Titan is a sturdy robot designed for delivery tasks. This is expected to boost RichTech’s Q4 2025 and generate recurring revenue from ongoing services and software licensing.

The multi-million dollar deal opens the door to enhance the company’s presence in China and providing additional opportunities for the broader Asian market. The company already deploys over 400 robotics solutions across the US across a variety of sectors.

Richtech Robotics Inc. (NASDAQ: RR) develops, manufactures, deploys and sells robotic solutions for automation in the US services industry.

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Read next: 30 stocks that double in three years and 11 Hidden AI Strains Buy Now.

Disclosure: None. This article was originally published Insider Monkey.