Richtech Robotics plans to use its robotics and artificial intelligence (AI) cloud technology to run 20 more Walmart-located restaurants in Arizona, Colorado and Texas.
The provider of AI-driven service robots has signed a binding letter of intent with Ghost Kitchens America in which the companies will enter into a franchise agreement and Richtech will acquire exclusive rights to operate the restaurants, the companies said in a Thursday (Oct. 17) press release.
Richtech Robotics already secured exclusive operational rights for the Ghost Kitchen at a Walmart location in Rockford, Illinois, and operates it through its subsidiary, AlphaMax Management, according to the release. It also signed a franchise agreement for another Walmart restaurant in Peachtree, Georgia, which is set to open later this year…