Richtech Robotics Signs Letter of Intent with Ghost Kitchens International Inc. to Revolutionize Dining Experience

The companies intend to launch the robotic beverage system ADAM in customer facing locations inside 240 Ghost Kitchens restaurants

LAS VEGAS, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada company and a provider of AI-driven service robots, announces a non-binding Letter of Intent (“LOI”) with Ghost Kitchens International Inc. (“Ghost Kitchens”) to launch 240 ADAM robotic beverage systems at Ghost Kitchens restaurants, some of which are currently located inside Walmart stores. ADAM, Richtech’s premiere robotic solution, will execute complex barista tasks with human-like precision inside the highly popular retailer locations.

The announcement of these plans follows recent company milestones, including its November 22^nd IPO and the launch of AI enhancements for its robot ADAM. Unveiled during this year’s Consumer Electronics Show, ADAM’s newest AI capabilities allow it to engage in sophisticated conversations with customers and emulate human actions with exceptional accuracy.

“Building on our recent successes, the prospect of engagement with Ghost Kitchens, a synergetic brand at the forefront of innovative food and beverage technology concepts provides important momentum as we continue to execute on our business plan and provide value for shareholders,” said Matt Casella, president of Richtech Robotics. “We expect ADAM to contribute to the improvement of operational capabilities, enhancing behind-the-register efficiency and increasing customer engagement at Ghost Kitchen’s Walmart locations.”

Ghost Kitchens International operates a network of distinctive restaurant locations across Canada and the United States. Within each location, Ghost Kitchens prepares, markets, and sells a range of nationally branded products including food, beverages, and packed goods for both walk-in and delivery customers. Under the LOI, Ghost Kitchens intends to purchase and deploy ADAM inside all current and upcoming Ghost Kitchens to improve operations and engage with customers.

“This is a momentous opportunity to collaborate with an emerging leader in robotics, sharing our mutual commitment to developing automation for the food and beverage industry. We anticipate this union of Richtech Robotics and Ghost Kitchens will improve the customer experience, driving further awareness and success on both sides,” said George Kottas, CEO of Ghost Kitchens International.