TLDR
- GMEX Robotics signed a AU$4.2 million deal with an Australian food and beverage group on March 23, 2026
- The order covers at least 50 AI kitchen robots, including the Bon Vivant 3.0 and Max models
- This is GMEX’s first commercial restaurant order since launching its cooking robotics platform in December 2025
- The robots will be deployed across high-end restaurants and major airport venues in Australia
- GMEX stock jumped over 24% on the news, though the stock is still down 99% over the past year
GMEX Robotics (GMEX) landed its first commercial restaurant contract on Monday, sending its stock sharply higher. The AU$4.2 million deal is with an unnamed Australian food and beverage group.
The agreement covers a minimum of 50 Smart Digital Intelligence All-in-One Kitchen Robots. The customer operates multiple restaurants and food service locations, including venues at major Australian airports.
The robots being deployed are the Bon Vivant 3.0 and Max models. Both platforms use integrated sensors, AI-driven control systems, and programmable cooking workflows to automate culinary processes.
GMEX CEO Sam Lu called the agreement “an important milestone” in commercializing its culinary robotics solutions. He said the systems are designed to help hospitality operators cut labor intensity while keeping food quality consistent.
The stock was trading around $0.83 per share before the announcement. That price reflects a brutal 99% decline over the past twelve months.
First Commercial Win Since Rebrand
This marks the company’s first restaurant deal since it launched its cooking robotics platform in December 2025. The company rebranded from Fitell Corporation to GMEX Robotics Corporation, effective March 12, 2026, and now trades under the ticker “GMEX” on the Nasdaq Capital Market.
Before the pivot into robotics, the company operated as a fitness equipment e-commerce business. It has since repositioned around AI-powered robotic solutions for commercial, consumer, and industrial environments.
Jack Zeng was appointed Head of Technology for its robotics subsidiary, 2F Robotics Pty Ltd. Zeng has a background in data analytics and intelligent agent solutions.
Company Still Burning Cash
Despite the contract win, GMEX’s financials remain under pressure. Revenue over the last twelve months came in at $5.2 million, and the company remains unprofitable.
The market cap sits at just $1.17 million, which is a micro-cap by any measure. The stock also carried out a 1-for-8 consolidation of its Class A shares and a 1-for-2 consolidation of its Class B shares, which took effect January 8, 2026.
The company also completed a redomiciliation from the Cayman Islands to the British Virgin Islands, approved by shareholders in December 2025.
GMEX stock was up more than 24% on Monday following the contract announcement.
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