Reported 3 days ago
Richtech Robotics Inc. (NASDAQ:RR) has signed a sales agreement worth over $4 million with Beijing Tongchuang Technology Development Co., Ltd., enhancing its presence in China. This deal, which includes the acquisition, maintenance, and software licensing of products from Richtech's ADAM, Scorpion, and Titan lines, is expected to boost fourth-quarter revenues and create ongoing income. Analysts predict a 33% revenue increase for the company this fiscal year, and this collaboration may open up further opportunities across the Asian market.
Source: YAHOO