Richtech Robotics Announces Agreement To Purchase About 20,000 Square Foot Land At Lincoln Property To Expand Its Headquarters; Deal To Close On Or Before May 15, 2025; Terms Not Disclosed

Benzinga·04/16/2025 12:05:10

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New Las Vegas-based facility plans to increase manufacturing and assembly capacity by 400% and accommodate further integration of domestic supply chain

Las Vegas, NV, April 16, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (NASDAQ:RR) ("Richtech Robotics" or "the Company"), a Nevada-based provider of AI-driven service robots, announced the entry of a purchase and sale agreement for the purchase of a piece of land located at 2975 Lincoln Road, Las Vegas, Nevada ("Lincoln Property"), covering approximately 20,000 square feet, to expand its headquarters. The acquisition of the Lincoln Property is scheduled to close on or before May 15, 2025, and is expected to quadruple the Company's assembly and manufacturing footprint for its robotics solutions, supporting increased demand and future growth.

As part of its continued expansion, Richtech Robotics has also signed a lease for a new office in Newark, California, located near the heart of Silicon Valley. Engineers who have undergone training at the Las Vegas headquarters will now begin working out of the Newark location, helping to further develop and deploy the Company's AI and robotics platforms.

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