Richtech Is Bringing Autonomous Robots To The Netherlands

Richtech Robotics wants to bring their robots to Europe next. And they’ve just struck a new deal to do it.

What’s happening:

• Richtech Robotics (NASDAQ: RR) has entered into a new distribution partnership with Netherlands based NewConsultancy
  

Why it matters:‍

• This is the first deal Richtech Robotics has done focused on selling and distributing their robots into the Netherlands and Europe
  

Going deeper:‍

• As part of the new partnership NewConsultancy will sell, install and support Richtech Robotics’ robots being deployed in restaurants and hospitality locations throughout both the Netherlands and Europe
  
• Richtech Robotics previously made major waves on Wall Street when they began collaborating with Microsoft (NASDAQ: MSFT) on artificial intelligence capabilities for Richtech Robotics’ flagship robot ADAM at Microsoft’s AI Co-Innovation Labs
  

The fine print:‍

• Richtech Robotics has not yet publicly disclosed if there are any minimum purchase commitments or revenue guarantees as part of their new distribution partnership with NewConsultancy

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