Richtech Robotics signs non-binding deal with SoundHound AI, expands EU distribution
Shares trade at $3.02 as company outlines strategic moves to integrate autonomous voice technology and broaden commercial reach across Europe.
Richtech Robotics Inc (NASDAQ:RR) has entered a non-binding letter of intent to collaborate with SoundHound AI (SOUN), marking a strategic move to integrate agentic voice artificial intelligence into its robotic systems. The Las Vegas-headquartered automation firm announced the prospective partnership on May 7, aiming to enhance human-robot interactions within hospitality and service environments.
The initial phase of the collaboration will see the company’s Scorpion robot paired with SoundHound’s voice AI technology. This integration is designed to facilitate an interactive beverage service application, representing a shift towards more autonomous interaction models in customer-facing roles. The specific timeline for the completion of this demonstration phase has not been disclosed.
This technological development follows a significant commercial expansion announced earlier in the year. On April 8, Richtech Robotics signed a distribution agreement with Netherlands-based NewConsultancy. Under the terms of the arrangement, NewConsultancy will manage the distribution, local deployment, service, and customer support for the company’s robotic solutions across the Netherlands, the European Union, and the Schengen region.
Richtech Robotics, which was founded in 2016 and listed on the NASDAQ in 2023, specialises in developing and deploying AI-powered service and industrial robots. Its product portfolio includes robotic food runners, autonomous cleaning systems, robotic bartenders, and other AI-enabled service robots designed to address labour shortages and improve operational efficiency.
At the time of the announcement, the company’s shares were reported at $3.02. While the SoundHound partnership remains non-binding with final terms yet to be determined, the moves signal the company’s intent to broaden its technological capabilities and international commercial footprint.
