Richtech Robotics Celebrates Completion of Installation of ADAM at Ghost Kitchens inside Dawsonville, GA Walmart

LAS VEGAS, July 22, 2024  — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada company and a provider of AI-driven service robots, proudly announces the installation of its advanced robotic beverage system, ADAM, at Ghost Kitchens International Inc. (“Ghost Kitchens”) in Dawsonville, GA. This milestone marks the beginning of a partnership aimed at revolutionizing the food and beverage industry through robotic solutions that automate business operations and provide a unique customer experience.

Located inside a Walmart, the Dawsonville Ghost Kitchens is the first of 240 planned locations to integrate ADAM into its operations. ADAM, equipped with cutting-edge AI technology, commenced operation on June 13th, 2024, serving a variety of traditional and specialty coffee drinks to customers at the Dawsonville Ghost Kitchens, including the crowd-favorite Iced Foamy Hazelnut Latte. With this installation, Richtech Robotics hopes to demonstrate Adam’s ability to deliver consistent, high-quality beverages while enhancing operational efficiency and customer satisfaction. Richtech Robotics is proud to be among the few companies pioneering the integration of AI and robotics into everyday business operations.

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“ADAM’s introduction to the beverage industry addresses several key challenges, including the need for consistency, efficiency, and a memorable customer experience,” said Matt Casella, President of Richtech Robotics. “By automating drink preparation, ADAM is intended to allow human staff to focus on creating meaningful connections with guests, thereby elevating the overall customer experience.”

The staff at the Dawsonville location has reported positive feedback on ADAM from customers, which underscores ADAM’s potential to transform the service industry. As part of a broader planned rollout, Richtech Robotics and Ghost Kitchens recently signed a non-binding Letter of Intent (“LOI”) to deploy ADAM across 240 Ghost Kitchens locations. This partnership aims to enhance behind-the-register efficiency and increase customer engagement at these highly popular retailer locations.

“The engagement with Ghost Kitchens provides important momentum as we continue to execute on our business plan and provide value for stockholders,” added Mr. Casella. “We expect ADAM to significantly improve operational capabilities at Ghost Kitchens’ Walmart locations.”