Richtech Robotics' Boyu JV signs $4.2M sales agreement for ADAM, Scorpion, Titan robots

RICHTECH ROBOTICS INC.

Agreement with Beijing Kaiwu Tongchuang valued at ~$4.2M; includes $1.3M one-time payment and ~$2.9M in annual fees over 10 years.
Products cover three key robotics lines: ADAM, Scorpion, and Titan; expands company's Asian market footprint.
Deal expected to boost Q4 revenue and drive recurring revenue stream from services and software licensing.

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