Richtech Robotics Signs Strategic Cooperation Agreement With Beijing City Of Design Development To Advance Core Software-Hardware R&D, Vertical Market Deployment, And Industry Incubation

Benzinga·06/27/2025 12:08:47

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Collaboration through Joint Venture Boyu AI Technology will advance core software-hardware R&D, vertical market deployment, and industry incubation

LAS VEGAS, June 27, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (NASDAQ:RR) ("Richtech Robotics" or the "Company"), a Nevada-based provider of AI-driven service robots, today announced the signing of a Strategic Cooperation Agreement with Beijing City of Design Development Co., Ltd. via their Chinese joint venture, Boyu Artificial Intelligence (Beijing) Technology Co., Ltd. The partnership will concentrate on joint research and development, commercialization across high-growth verticals, and incubation of next-generation service-robotics solutions.

Under the agreement, the parties will co-apply to establish a "Beijing Foreign-Invested R&D Center," which will focus on pursuing breakthroughs in:

Domain-specific large AI models
Autonomous robotic decision-making systems
Integrated software and hardware platforms tailored to service-industry needs

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