Richtech Robotics, a developer of restaurant service robots, has signed a binding Letter of Intent with Ghost Kitchens International to operate 20 Walmart-located restaurants through its subsidiary, AlphaMax Management LLC.
The partnership will allow Richtech Robotics to deploy its proprietary automation and AI cloud technology to optimize restaurant operations across Arizona, Colorado, and Texas. Each location is expected to generate between USD 700,000 and USD 2 million in annual revenue.
The company currently has operational rights to a Walmart-based Ghost Kitchen in Rockford, Illinois, and plans to begin operations at a Walmart restaurant in Peachtree, Georgia, later this year.
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