SINGAPORE, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) today announced its subsidiary, Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a leading innovator in AI-powered autonomous cleaning solutions, has signed a Memorandum of Understanding (“MOU”) with Savills Property Management Ltd. (“Savills Property Management”), a global real estate services provider, to accelerate the Company’s market penetration in Greater China through comprehensive distribution and support servi ...

SINGAPORE, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC), today announced that its subsidiary, Primech A&P (the “Company”), an established technology-driven facility services provider in the public and private sectors in Singapore, has secured a multi-year cleaning services contract with a leading polytechnic in Singapore, valued at S$25,196,581.00 (approximately US$19.6 million), making this one of the Company's most material wins to date. Under the contract, Primech A&P will de ...

Core Insights - The launch of the next-generation HYTRON autonomous bathroom cleaning robot by Primech AI marks a significant advancement in autonomous cleaning technology, featuring enhanced design and AI capabilities [1][2][3] - The new model is available in two premium finishes, matte black and metallic silver, combining functionality with aesthetics [1][6] - The HYTRON aims to transform restrooms into showcases of smart hygiene while improving operational efficiency [2][3] Company Overview - Primech AI is a subsidiary of Primech Holdings Limited, focused on innovation in robotics and smart facility solutions [1][8] - The company emphasizes its commitment to pushing the boundaries of robotics technology, aiming to meet market demands and set new expectations in autonomous cleaning [4][9] Technological Enhancements - The new HYTRON features an advanced navigation system with AI-powered pathfinding and obstacle detection for improved operational efficiency [6] - It includes upgraded cleaning mechanisms for deeper sanitation and next-generation machine learning algorithms for optimized cleaning patterns [6] - The robot leverages the NVIDIA Jetson Orin Super System-on-Module for energy efficiency and intelligent navigation, along with advanced 3D-cleaning capabilities [7] Global Debut Tour - Primech AI will showcase the HYTRON at major international exhibitions, providing opportunities for industry professionals to experience its capabilities [4][7] - The HYTRON World Tour aims to engage with global markets and demonstrate how the technology can transform facility management across various industries [7]

Core Insights - Primech Holdings Limited reported a revenue increase of 2.5% to $74.3 million for FY 2025, compared to $72.5 million in FY 2024, indicating stable growth in its operations [3][7] - The company achieved a significant improvement in gross profit margin, which expanded by 160 basis points to 23.6%, driven by technology adoption and grant support [3][7] - Net loss narrowed by 31.1% to $2.2 million, or $(0.05) per share, compared to a net loss of $3.2 million, or $(0.10) per share in the previous fiscal year, reflecting better operational efficiency [3][7] - Cash and cash equivalents increased by 32.6% to $10.1 million, showcasing improved liquidity [3][7] Financial Metrics - Revenue: $74.3 million in FY 2025, up from $72.5 million in FY 2024, a 2.5% increase [3] - Gross profit: $17.5 million, compared to $16.0 million in FY 2024, a 9.8% increase [3] - Gross profit margin: 23.6% in FY 2025, up from 22.0% in FY 2024 [3] - Operating loss: $(0.9) million, improved by 65.9% from $(2.8) million in FY 2024 [3] - Net loss: $(2.2) million, improved by 31.1% from $(3.2) million in FY 2024 [3] - Basic & diluted EPS: $(0.05), improved by 50.0% from $(0.10) in FY 2024 [3] - Cash & cash equivalents: $10.1 million, up from $7.6 million in FY 2024, a 32.6% increase [3] Future Outlook - Future contracted revenue totals $120.8 million, providing multi-year visibility for the company [7][10] - Breakdown of future contracted revenues includes approximately $59.9 million for FY 2026, $34.1 million for FY 2027, and $26.9 million for FY 2028 [10] Strategic Developments - Secured over $18.9 million in new contracts during FY 2025, including a major contract extension worth $8.3 million [8] - Launched the HYTRON robot, with successful deployments in various prestigious locations [8] - Established strategic partnerships in Hong Kong, Japan, and Europe, enhancing global expansion efforts [8] - Recognized for sustainability leadership and technology excellence, including awards and nominations [8] CEO Commentary - The CEO highlighted the company's transformation into a technology-first organization, emphasizing the role of HYTRON AI-powered cleaning robots and a global expansion strategy [9] - The company aims to return to profitability and capture significant market share in the growing global service robotics sector [9]

PART I [Key Information](index=10&type=section&id=ITEM%203.%20KEY%20INFORMATION) This section details significant business, industry, and investment risks, including net losses, debt reliance, and Singapore market dependence - The company reported a **net loss of $2.22 million** in FY 2025, an improvement from **$3.223 million** in FY 2024 - The company's revenue is almost entirely derived from its operations in Singapore, making it highly susceptible to adverse economic or regulatory changes in that market[41](index=41&type=chunk) - A majority of the company's revenue comes from facilities services, which accounted for **78.8% of total revenue in FY 2025** and **77.2% in FY 2024**, with non-renewal posing a significant risk[55](index=55&type=chunk) - The business is highly labor-intensive, with labor costs constituting approximately **85.4% of direct costs** for both FY 2025 and FY 2024, making it vulnerable to labor shortages and wage inflation[117](index=117&type=chunk) - The company is a "controlled company" under Nasdaq Listing Rules, as its major shareholder, Sapphire Universe, owns more than **50% of the total voting power**, allowing reliance on certain corporate governance exemptions[159](index=159&type=chunk) Singapore Government Grants | Metric | FY 2025 | FY 2024 | | :--- | :--- | :--- | | **Singapore Government Grants** | $4.6 million | $2.8 million | [Information on the Company](index=37&type=section&id=ITEM%204.%20INFORMATION%20ON%20THE%20COMPANY) This section provides an overview of Primech Holdings, a Singapore-based facilities services provider, detailing its history, operations, and strategic direction [History and Development of the Company](index=37&type=section&id=A.%20History%20and%20Development%20of%20the%20Company) Traces Primech Holdings' evolution through acquisitions, IPO, and the launch of robotic cleaning solutions - The company was formed through a series of acquisitions by Sapphire Universe, starting in 2018, to consolidate several established cleaning service companies[189](index=189&type=chunk) - Key corporate actions include the amalgamation of A&P Maintenance and Primech Services & Engrg in 2020, the acquisition of CSG and Princeston International in 2021, and the completion of its IPO in October 2023[191](index=191&type=chunk)[193](index=193&type=chunk)[199](index=199&type=chunk) - In 2024, the company launched Primech AI Pte. Ltd., an operating subsidiary focused on creating robotic-based cleaning technology solutions[199](index=199&type=chunk) [Business Overview](index=39&type=section&id=B.%20Business%20Overview) Describes Primech as a technology-focused facilities services provider in Singapore, highlighting its revenue streams, competitive strengths, and future strategies - The company's Singapore operations are its primary revenue source, contributing **99.6% of total revenue in FY 2025** and **99.3% in FY 2024**[204](index=204&type=chunk) - Key competitive strengths include a long track record, high accreditation (Clean Mark Gold Award), the ability to bundle services, a trained workforce, and an experienced management team[211](index=211&type=chunk)[215](index=215&type=chunk)[217](index=217&type=chunk)[219](index=219&type=chunk) - Future strategies focus on improving efficiency with technology (IoT, robotics, EVs), expanding services into areas like landscaping and security, and exploring business opportunities in Southeast Asia[222](index=222&type=chunk)[230](index=230&type=chunk)[235](index=235&type=chunk) - The company operates in a highly regulated Singaporean market, requiring compliance with the Environmental Public Health Act (EPHA), the Progressive Wage Model (PWM), and the Contractors Registration System (CRS) to tender for public projects[345](index=345&type=chunk)[361](index=361&type=chunk)[370](index=370&type=chunk) Revenue by Stream | Revenue Stream | FY 2025 Revenue | % of Total | FY 2024 Revenue | % of Total | | :--- | :--- | :--- | :--- | :--- | | Facilities services | $58.6 million | 78.8% | $56.0 million | 77.2% | | Stewarding services | $8.4 million | 11.2% | $10.2 million | 14.0% | | Cleaning services to offices | $7.1 million | 9.5% | $5.9 million | 8.1% | Key Customer Revenue Contribution | Customer | Service | FY 2025 Revenue % | FY 2024 Revenue % | | :--- | :--- | :--- | :--- | | Changi Airport | Facilities services | 15.5% | 10.0% | | The Ministry of Education of Singapore | Facilities services | 9.1% | 9.6% | | National Environment Agency | Facilities services | 7.7% | 8.0% | | A Singapore multinational bank | Facilities services | 5.9% | 5.8% | [Operating and Financial Review and Prospects](index=71&type=section&id=ITEM%205.%20OPERATING%20AND%20FINANCIAL%20REVIEW%20AND%20PROSPECTS) Reviews FY2025 performance, noting revenue growth, narrowed net loss, and sufficient liquidity for future operations [Operating Results](index=73&type=section&id=A.%20Operating%20Results) Details FY2025 financial performance, including revenue growth, reduced direct costs, and increased general and administrative expenses - Revenue from facilities services grew to **$58.6 million in FY2025** from **$56.0 million in FY2024**, driven by new commercial clients and increased services at Singapore Changi Airport[422](index=422&type=chunk) - Direct costs decreased despite rising minimum wages under the Progressive Wage Model, as government grants received and netted against salary expenses increased by approximately **$1.5 million** year-over-year[427](index=427&type=chunk) - The **31.6% increase in salaries** under general and administrative expenses was due to salary adjustments for back-office staff to align with market rates[431](index=431&type=chunk) Financial Performance Summary (in thousands) | (in thousands) | FY 2025 | FY 2024 | Change % | | :--- | :--- | :--- | :--- | | **Revenue** | $74,349 | $72,524 | 2.5% | | **Direct Costs and Expenses** | ($56,823) | ($59,915) | (5.2)% | | **General and administrative Expenses** | ($16,176) | ($13,160) | 22.9% | | **Net loss** | ($2,220) | ($3,223) | (31.1)% | [Liquidity and Capital Resources](index=76&type=section&id=B.%20Liquidity%20and%20Capital%20Resources) Assesses the company's financial flexibility through cash, working capital, and credit facilities, confirming compliance with debt covenants - The company relies on various bank facilities, including overdrafts, term loans, and a mortgage, which are secured by company assets and personal guarantees from executive officers and major shareholders[437](index=437&type=chunk)[438](index=438&type=chunk)[441](index=441&type=chunk) - The company is required to maintain a minimum adjusted tangible net worth of **S$10.0 million** and a gearing ratio of not more than **2.2** for its subsidiary Primech A&P, and was in compliance as of March 31, 2025[442](index=442&type=chunk) Liquidity Metrics (as of March 31, 2025) | Liquidity Metric (as of March 31, 2025) | Amount (USD) | | :--- | :--- | | Cash | ~$10.1 million | | Working Capital | ~$8.1 million | | Available Loans/Overdraft Facilities | ~$4.8 million | [Directors, Senior Management and Employees](index=78&type=section&id=ITEM%206.%20DIRECTORS%2C%20SENIOR%20MANAGEMENT%20AND%20EMPLOYEES) Outlines leadership, compensation, board structure, and share ownership, noting the company's "controlled company" status [Compensation](index=81&type=section&id=B.%20Compensation) Discloses executive and director compensation for FY2025 and FY2024, including CEO Kin Wai Ho's $680,000 total compensation in FY2025 Executive Compensation (in thousands) | Name and Position | Year | Total Compensation ($'000) | | :--- | :--- | :--- | | **Kin Wai Ho** (CEO) | 2025 | 680 | | | 2024 | 485 | | **Kit Yu Lee** (CFO) | 2025 | 176 | | | 2024 | 183 | [Board Practices](index=81&type=section&id=C.%20Board%20Practices) Describes the five-member Board, its independent committees, and the rectification of past technical non-compliance with Singapore's EFMA - The Board of Directors consists of five members, with three independent directors, satisfying Nasdaq's majority independence requirement[476](index=476&type=chunk) - The company's CEO, Kin Wai Ho, and CFO, Kit Yu Lee, were in technical breach of Singapore's Employment of Foreign Manpower Act (EFMA) for holding directorships in affiliate companies without required Letters of Consent, which were subsequently obtained in late 2021 and 2022[492](index=492&type=chunk)[494](index=494&type=chunk) [Share Ownership](index=88&type=section&id=E.%20Share%20Ownership) Details the concentrated ownership structure, with Sapphire Universe holding 81.44% and CEO Kin Wai Ho beneficially owning 52.12% Shareholder Ownership | Shareholder | Shares Beneficially Owned | Percentage (%) | | :--- | :--- | :--- | | **Sapphire Universe** | 31,287,500 | 81.44% | | **Mr. Kin Wai Ho** (CEO) | 20,024,000 | 52.12% | | **Mr. Cyrus Jun Ming Wen** | 11,263,500 | 29.32% | | **Directors and Executive Officers as a group** | 20,099,951 | 52.32% | [Major Shareholders and Related Party Transactions](index=89&type=section&id=ITEM%207.%20MAJOR%20SHAREHOLDERS%20AND%20RELATED%20PARTY%20TRANSACTIONS) Focuses on related party transactions, primarily bank facilities and performance bonds secured by personal and corporate guarantees - Numerous bank facilities for the company and its subsidiaries are secured by personal guarantees from CEO Ho Kin Wai, major shareholder Kwek Jin Ngee Vernon, and SVP Yew Jin Sng, as well as corporate guarantees from parent company Sapphire Universe[516](index=516&type=chunk)[517](index=517&type=chunk)[520](index=520&type=chunk) - As of March 31, 2025, key executives and an indirect major shareholder had provided personal guarantees for performance bonds totaling approximately **$6.4 million**, which are required for certain customer service contracts[531](index=531&type=chunk) - During FY2024, the company fully settled a contingent consideration of approximately **$791,000** payable to SVP of Operations, Mr. Hansel Loo, related to the 2020 acquisition of Maint-Kleen[532](index=532&type=chunk) [Financial Information](index=94&type=section&id=ITEM%208.%20FINANCIAL%20INFORMATION) References consolidated financial statements, confirms no material legal proceedings, and states no anticipated dividends due to growth and debt repayment focus - The company has no formal dividend policy and does not expect to pay cash dividends in the foreseeable future, prioritizing the use of funds for business development and debt repayment[541](index=541&type=chunk) [Additional Information](index=95&type=section&id=ITEM%2010.%20ADDITIONAL%20INFORMATION) Covers supplementary corporate information, including Singaporean tax implications for dividends and capital gains, and the company's PFIC status for U.S. Holders - Under Singapore's one-tier corporate tax system, dividends paid by the company are exempt from Singapore income tax in the hands of its shareholders[560](index=560&type=chunk) - Singapore does not impose a tax on capital gains; however, gains from the disposal of shares could be considered income and subject to tax if they arise from activities deemed to be carrying on a trade or business[561](index=561&type=chunk)[562](index=562&type=chunk) - For U.S. federal income tax purposes, the company does not expect to be classified as a Passive Foreign Investment Company (PFIC), but this determination is made annually and is not guaranteed[587](index=587&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=104&type=section&id=ITEM%2011.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) Identifies key market risks as inflation, interest rate fluctuations on variable-rate debt, credit risk, liquidity risk, and unhedged foreign exchange risk - The company is exposed to interest rate risk as its bank loans and overdraft facilities have variable rates tied to the Singapore Overnight Rate Average (SORA) and lenders' prime rates[607](index=607&type=chunk)[608](index=608&type=chunk) - Foreign exchange risk is a key concern as almost all revenues and costs are in Singapore dollars (SGD), while financial statements are reported in U.S. dollars (USD), and the company does not currently use hedging instruments to mitigate this risk[612](index=612&type=chunk) PART II [Material Modifications to the Rights of Security Holders and Use of Proceeds](index=106&type=section&id=ITEM%2014.%20MATERIAL%20MODIFICATIONS%20TO%20THE%20RIGHTS%20OF%20SECURITY%20HOLDERS%20AND%20USE%20OF%20PROCEEDS) Details the utilization of approximately $9.5 million net proceeds from the October 2023 IPO for business expansion and working capital - The company completed its IPO on October 10, 2023, raising net proceeds of approximately **$9.5 million** after offering costs of **$2.7 million**[618](index=618&type=chunk)[620](index=620&type=chunk) - The net proceeds are being used for business growth, marketing, building a team for robot development, and general corporate purposes[620](index=620&type=chunk) [Controls and Procedures](index=106&type=section&id=ITEM%2015.%20CONTROLS%20AND%20PROCEDURES) Concludes that disclosure controls and internal control over financial reporting were effective as of March 31, 2025 - Based on an evaluation as of March 31, 2025, the company's principal executive officer and principal financial officer concluded that disclosure controls and procedures were effective[622](index=622&type=chunk) - Management concluded that the company's internal control over financial reporting was effective as of March 31, 2025[625](index=625&type=chunk) [Corporate Governance and Other Matters](index=108&type=section&id=ITEM%2016.%20Corporate%20Governance%20and%20Other%20Matters) Addresses corporate governance, including audit committee expertise, code of ethics, auditor fees, and cybersecurity risk management - The company follows its home country (Singapore) practice in lieu of Nasdaq's shareholder approval rule (Rule 5635(d)) for certain capital raising transactions[636](index=636&type=chunk) - The Board of Directors, through its audit committee, has oversight responsibility for cybersecurity risks, while the CFO is primarily responsible for assessing and managing these threats[643](index=643&type=chunk)[644](index=644&type=chunk) - The company is not aware of any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect its business, operations, or financial condition[642](index=642&type=chunk)[645](index=645&type=chunk) Principal Accountant Fees | Fee Type | FY 2025 | FY 2024 | | :--- | :--- | :--- | | Audit fees | $235,000 | $204,000 | | Audit-Related fees | $89,000 | $150,000 | | **Total** | **$324,000** | **$354,000** | PART III [Financial Statements](index=112&type=section&id=ITEM%2018.%20FINANCIAL%20STATEMENTS) Presents audited consolidated financial statements for FY2025 and FY2024, prepared under U.S. GAAP, showing key financial performance and position Consolidated Balance Sheet Highlights (as of March 31) | (in thousands) | 2025 | 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $29,007 | $31,333 | | **Total Assets** | $41,200 | $45,509 | | **Total Current Liabilities** | $20,867 | $22,742 | | **Total Liabilities** | $26,521 | $30,450 | | **Total Shareholders' Equity** | $14,679 | $15,059 | Consolidated Statement of Operations Highlights (for the year ended March 31) | (in thousands) | 2025 | 2024 | | :--- | :--- | :--- | | **Revenues, net** | $74,349 | $72,524 | | **Loss from operations** | ($948) | ($2,782) | | **Net loss** | ($2,220) | ($3,223) | | **Net loss attributable to Primech** | ($1,942) | ($3,239) | | **Loss per share (Basic & Diluted)** | ($0.05) | ($0.10) | Consolidated Statement of Cash Flows Highlights (for the year ended March 31) | (in thousands) | 2025 | 2024 | | :--- | :--- | :--- | | **Net cash provided by (used in) operating activities** | $7,382 | ($9,082) | | **Net cash used in investing activities** | ($1,031) | ($807) | | **Net cash (used in) provided by financing activities** | ($4,387) | $8,181 |

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 [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]

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]