Richtech Robotics' Boyu Signed $4.2M Sales Agreement On June 24, 2025

Benzinga·06/30/2025 20:14:08

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On June 24, 2025, a majority owned subsidiary, Boyu Artificial Intelligence (Beijing) Technology Co., Ltd. ("Boyu") of Richtech Robotics Inc., a Nevada corporation (the "Company") entered into a Product Sales and Technical Services Agreement (the "Sales Agreement") with Beijing Kaiwu Tongchuang Technology Development Co., Ltd. ("Purchaser"), pursuant to which Purchaser agreed to purchase approximately $4.2 million of robotic products (to be supplied by the Company), services, software and licensing, including a one-time payment within 15 days of deliver of the products of approximately $1.3 million and annual fees for services and software licenses in the aggregate amount of approximately $2.9 million over the next 10 years. The Sales Agreement also contains customary terms, including, without limitation, delivery and acceptance, liability and dispute resolutions.

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