Core Insights - Primech A & P, a subsidiary of Primech Holdings Limited, has announced a 2-year contract extension valued at S$10,650,000 (US$8.3 million) for comprehensive cleaning services at a prominent institution in Singapore [1][2] - This contract renewal is significant for Primech Holdings as it reinforces the company's competitive positioning in Singapore's institutional cleaning market and contributes to predictable, recurring revenue streams [2][3] Company Overview - Primech Holdings Limited is a leading provider of technology-driven facility services, serving both public and private sectors in Singapore [4] - The company offers a wide range of services, including general facility maintenance, specialized cleaning solutions, and eco-friendly practices integrated with smart technology [4]

Core Insights - Primech AI Pte. Ltd. has signed a strategic partnership with ReMining Ai Ltd to expand the deployment of its HYTRON autonomous bathroom cleaning robot in Hong Kong [1][2] - The partnership is formalized through a Memorandum of Understanding (MOU), allowing ReMining Ai Ltd to act as Primech AI's authorized agent in Hong Kong for two years [2] - The collaboration aims to address labor shortages and increasing hygiene standards in the facility services industry by introducing advanced cleaning technology [3] Company Overview - Primech AI is a subsidiary of Primech Holdings Limited, focused on innovative robotics solutions [1][5] - ReMining Ai Ltd specializes in deploying and supporting advanced robotics and AI solutions in Hong Kong [4] - Primech Holdings Limited provides technology-driven facilities services across Singapore, integrating eco-friendly practices and smart technology [7] Market Strategy - The partnership with ReMining Ai Ltd is a significant step in Primech AI's international expansion strategy, targeting key markets in Asia [3] - ReMining Ai Ltd will manage all operational aspects in Hong Kong, including deployment, maintenance, training, and quality control of HYTRON robots [6] - The HYTRON robot features advanced 3D-cleaning capabilities and electrolyzed water technology, designed for high-traffic facilities [3]

Core Insights - Primech AI Pte. Ltd. has been awarded the Winner in the Robotics category at the Singapore Business Review Technology Excellence Awards 2025, highlighting its innovation and leadership in the robotics industry [1][2][4] - The award recognizes Primech AI's contributions to technological advancements that enhance productivity and transform industries [1][2] Company Overview - Primech AI is a leading robotics company focused on innovation and collaboration, aiming to revolutionize the robotics industry with impactful solutions [5] - The company is a subsidiary of Primech Holdings Limited, which provides technology-driven facilities services across both public and private sectors in Singapore [6] Product Highlights - Primech AI's HYTRON model utilizes the NVIDIA Jetson Orin Super, a state-of-the-art System-on-Module designed for edge AI and robotics applications, enhancing performance in autonomous toilet cleaning [3] - The robotics solutions developed by Primech AI set new benchmarks for efficiency, reliability, and intelligent automation [3]

Core Insights - Primech AI has signed a two-year lease agreement for its HYTRON LITE autonomous bathroom cleaning robot with a leading facility management service provider in Singapore's largest public hospital, marking a significant step in the commercialization of its robotics technology [1][2][3] Company Overview - Primech AI is a subsidiary of Primech Holdings Limited, focused on innovative robotics solutions aimed at enhancing operational efficiency and hygiene standards in various sectors, particularly healthcare [5][6] - The company aims to revolutionize the robotics industry with advanced technology and eco-friendly practices, positioning itself as a leader in the market [5][6] Industry Context - The deployment of the HYTRON LITE robot addresses the increasing demand for advanced cleaning automation in high-traffic environments like healthcare facilities, where stringent hygiene standards are critical [2][4] - The healthcare sector is identified as a key growth market for robotics solutions, emphasizing the importance of automation in improving cleaning quality and operational reliability [3][4] Product Features - The HYTRON LITE robot utilizes the NVIDIA Jetson Orin Super for robust AI processing, enabling high energy efficiency and superior performance in cleaning tasks [3] - Key features of the robot include self-generation of electrolyzed water for eco-friendly cleaning, contactless and contact-based cleaning capabilities, self-charging systems, automated water handling, air-drying, and floor-mopping functions [3]

Core Insights - Primech AI has signed a two-year lease agreement for its HYTRON LITE autonomous bathroom cleaning robot with a leading facility management service provider in Singapore's largest public hospital, marking a significant step in the commercialization of its robotics technology [1][2][3] Company Overview - Primech AI is a subsidiary of Primech Holdings Limited, focused on innovative robotics solutions aimed at enhancing operational efficiency and hygiene standards in various sectors, particularly healthcare [1][5] - The company aims to address labor challenges in the healthcare sector by providing advanced cleaning automation solutions that meet stringent hygiene requirements [2][3] Industry Context - The deployment of the HYTRON LITE robot highlights the increasing demand for advanced cleaning automation in high-traffic environments like healthcare facilities, where consistent sanitization is critical for patient and staff safety [2][4] - The healthcare sector is identified as a key growth market for robotics solutions, emphasizing the importance of operational reliability and cleanliness in improving patient outcomes [3][4] Technology Features - The HYTRON LITE robot utilizes the NVIDIA Jetson Orin Super, a powerful System-on-Module designed for edge AI and robotics applications, enabling high energy efficiency and superior AI processing [3] - Key features of the robot include self-generation of electrolyzed water for eco-friendly cleaning, contactless and contact-based cleaning capabilities, self-charging systems, automated water handling, air-drying, and floor-mopping functions [3]

Group 1: Company Overview - Primech Holdings Limited is a technology-driven facility services provider operating mainly in Singapore, serving both public and private sectors [2] - The company offers a wide range of services including general facility maintenance, specialized cleaning solutions, and stewarding services, with a focus on sustainability and advanced technology [2] Group 2: Recent Contracts and Extensions - In Q1 2025, Primech A & P secured contracts and extensions valued at over $2.59 million [1] - Notable contracts include a 2-year contract for public area cleaning at an international hotel valued at $774,470, and a 2-year contract for cleaning services at a premium residential condominium valued at $676,150 [4] - Additional contracts include a 6-month extension for specialized cleaning services valued at $563,620, and a 1-year contract for cleaning services at an upscale residential condominium valued at $257,540 [4]

Core Insights - Primech AI Pte. Ltd. has successfully deployed its autonomous bathroom cleaning robot, HYTRON, at a major shopping destination in Singapore, marking a significant step in the company's mission to innovate facility services through robotics and AI technology [1][5] - The HYTRON robot utilizes NVIDIA's Jetson Orin Super module, which enhances its real-time AI processing, energy efficiency, and decision-making capabilities, making it suitable for high-traffic public environments [2][3] - The deployment of HYTRON is aimed at improving cleanliness and hygiene standards in commercial spaces, showcasing the company's commitment to addressing challenges in facilities management with advanced technology [3][5] Company Overview - Primech AI is a leading robotics company focused on innovation in technology, aiming to revolutionize the robotics industry with impactful solutions [6] - Primech Holdings Limited, the parent company, provides technology-driven facility services across Singapore, including specialized cleaning solutions and general maintenance, emphasizing sustainability and operational efficiency [7]

SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), participated in the Facilities Management Community of Practice (FM CoP) Session on Robotics co-organised by the Building and Construction Authority and JTC Corporation. The event at Temasek Polytechnic brought together industry leaders to explore innovative robotic solutions for the facilities management sector. Charles Ng, Co-Founder and Chief Operatin ...

Core Viewpoint - Primech Holdings Limited has regained compliance with Nasdaq's minimum bid price requirement, reflecting the resilience of its business model and commitment to growth initiatives in the facility services sector [1][2][3] Company Compliance - Nasdaq notified Primech on May 13, 2025, that it has met the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing [1] - The company was previously notified on May 14, 2024, of non-compliance due to its ordinary share failing to meet a closing bid price of $1.00 for 30 consecutive business days [2] - To regain compliance, Primech needed to maintain a minimum closing bid price of $1.00 for at least 10 consecutive trading days, which was achieved on May 12, 2025 [2] Business Model and Growth - The CEO of Primech Holdings expressed satisfaction in regaining compliance, attributing it to the resilience of the business model and the dedication of the team [3] - The company remains focused on growth initiatives, particularly in expanding its market presence through AI-powered cleaning technologies [3] Company Overview - Primech Holdings Limited is a technology-driven facility services provider based in Singapore, serving both public and private sectors [3] - The company offers a wide range of services, including general facility maintenance, specialized cleaning solutions, and eco-friendly practices integrated with smart technology [3]

Core Insights - Primech AI Pte. Ltd. has announced a significant expansion of its manufacturing capabilities through a strategic partnership in Guangdong Province, China, aimed at meeting the growing global demand for its HYTRON bathroom cleaning robots, with an initial rollout plan of 300 robots [1][5]. Manufacturing Partnership - The partnership establishes a comprehensive manufacturing framework with a well-established electronics manufacturer in Huizhou City, creating a robust production base to serve markets across Asia and beyond [2]. - The manufacturing partner will manage the full production cycle for the HYTRON robots, including manufacturing, assembly, quality assurance, functionality and safety testing, and securing necessary certifications [3]. - The agreement covers an initial two-year period and includes provisions for regular quality monitoring and collaborative development to ensure continuous improvement [3]. Strategic Advantages - The Guangdong region offers advantages in electronics manufacturing infrastructure, component sourcing, and technical knowledge, enabling efficient production scaling while maintaining high quality standards [3][4]. - Access to a mature electronics manufacturing ecosystem allows for efficient production scaling and quality control, while proximity to specialized component suppliers streamlines the supply chain [4]. - The facility's scalable production capacity is designed to meet the growing global demand for HYTRON robots, starting with the initial target of 300 units [4]. Commitment to Innovation - This expansion complements Primech AI's recent product innovations and market expansion initiatives, reinforcing the company's commitment to meeting the growing global demand for autonomous cleaning solutions [5].