Richtech Robotics Signs Distribution Agreement with Sproutmation, LLC, Commercial Robotics and Automation Solutions Delivery Provider
Richtech Robotics Inc. (RR)
Company Research
Source: GlobeNewswire
First purchase order under agreement is for 20 Scorpion units LAS VEGAS, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada-based provider of AI-driven service robots, today announces it has signed a distribution agreement with Sproutmation, LLC (“Sproutmation”), a commercial robotics and automation solutions delivery provider. Sproutmation’s first purchase order is for 20 Scorpion units. Under the arrangement, Sproutmation has agreed to an annual sales target of 100 robot units. "We are continuously expanding our ecosystem of distribution partners and are pleased to announce our agreement with Sproutmation," said Matt Casella, President of Richtech Robotics. “Our solutions are synergistic with Sproutmation’s offerings as the company is focused on robots that provide automation for clients. This collaboration will allow us to reach even more organizations across the country.” “We are impressed with Richtech Robotics’ suite of sol
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- 10/31/24 - Form 8-K
- 10/31/24 - Form 4
- RR's page on the SEC website