SINGAPORE, June 03, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the signing of a two-year lease agreement with one of the leading facility management service providers for the deployment of its innovative HYTRON LITE autonomous bathroom cleaning robot at one of Singapore's largest public hospitals. The two-year agreement represents a milestone in commercializing Primech AI's robotics technology. It un ...

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]

SINGAPORE, May 22, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the successful deployment of its state-of-the-art autonomous bathroom cleaning robot, HYTRON, at one of Singapore's premier lifestyle and shopping destinations. This deployment represents a significant milestone in the Company's mission to revolutionize facility services through advanced robotics and AI-driven technology. The HYTRON rob ...

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 ...

SINGAPORE, May 14, 2025 (GLOBE NEWSWIRE) -- Primech Holdings Limited ("Primech" or the "Company") (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced that it has received notice from the Nasdaq Stock Market ("Nasdaq") on May 13, 2025 informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule") for continued listing on The N ...

SINGAPORE, May 08, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced a significant expansion of its manufacturing capabilities through a strategic manufacturing partnership in Guangdong Province, China. The partnership will support the growing global demand for Primech AI's innovative HYTRON bathroom cleaning robots, with plans to roll out 300 robots in the initial production phase. The partnership estab ...

SINGAPORE, May 01, 2025 (GLOBE NEWSWIRE) -- Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced that its Board of Directors has approved a Rule 10b-18 share repurchase program with authorization to purchase up to 20% of the Company's outstanding Ordinary Shares. The program is subject to shareholder approval at the upcoming Extraordinary General Meeting (EGM). Th ...

SINGAPORE, April 29, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the "Company"), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced its strategic entry into the European market through a Memorandum of Understanding (MOU) with TCOrobotics GmbH, establishing a distribution framework for its innovative HYTRON, AI-powered autonomous bathroom cleaning robots across Germany, Austria, and Switzerland (DACH region). The two-year agreement positions Primech AI to capitalize o ...

Core Insights - Primech AI participated in the Global Innovation Summit 2025, showcasing its AI-powered autonomous bathroom cleaning robot, HYTRON, to an international audience [1][2][3] - The event provided a platform for Primech AI to connect with potential partners and customers across various sectors, enhancing its international expansion strategy [3][5][6] Company Overview - Primech AI is a subsidiary of Primech Holdings Limited, focusing on innovative robotics solutions [1][9] - The company aims to revolutionize the robotics industry with advanced technology and sustainable practices [9][10] Product Highlights - HYTRON features advanced AI capabilities, 3D-cleaning functionality, and utilizes electrolyzed water for enhanced sanitation [3][4] - The performance of HYTRON is significantly enhanced by the integration of NVIDIA Jetson Orin Nano Super, which improves real-time data processing and autonomy [4] Market Engagement - During the summit, Primech AI engaged with various sectors, including commercial property management, healthcare, hospitality, and public transportation, to explore the implementation of its autonomous cleaning solutions [5][6] - The response from European facility management companies was notably positive, indicating strong interest in integrating autonomous cleaning solutions [8]

Core Insights - Primech Holdings Limited is undergoing strategic transformation initiatives aimed at revolutionizing the facility services industry through innovation, operational excellence, and sustainable growth strategies [1][8] - The company is integrating AI, robotics, and digital solutions to set new benchmarks for efficiency, quality, and sustainability in facility services [2][9] Technological Advancements - Significant investments have been made in AI-powered cleaning robots and IoT-enabled monitoring systems to maintain hygiene standards and address labor shortages [2][3] - The technological ecosystem includes cloud-based workforce management systems, equipment health monitoring, and resource allocation optimization [6] Workforce Development - The company emphasizes workforce development through comprehensive training and upskilling programs to enhance employee expertise in industry knowledge and technology [4] Market Presence - Primech Holdings maintains facilities at prestigious locations in Singapore, including the internationally acclaimed airport, premium commercial office buildings, essential public spaces, and government housing developments [7][10] Environmental Initiatives - The company has integrated eco-friendly practices, including the deployment of an electric vehicle fleet, installation of solar panels, and development of sustainable cleaning methodologies [12]