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The Federal Reserves rate hike and signal for further tightening have driven debate over higher-for-longer interest rates, Treasury yields, and their impact on rate-sensitive small caps. Traders have largely turned bearish on IWMs technical weakness and downside risk, though some see oversold conditions and the post-Fed rebound as a potential bounce setup.

Cybin, Inc. operates as a clinical-stage biopharmaceutical company on a mission to create safe and effective psychedelic-based therapeutics to address the large unmet need for new and innovative treatment options for people who suffer from mental health conditions. It is currently developing CYB003, a proprietary deuterated psilocybin analog for the treatment of major depressive disorder and CYB004, a proprietary deuterated DMT molecule for generalized anxiety disorder and has a research pipeline of investigational psychedelic-based compounds. The company was founded by Paul Glavine, Eric So, and John Kanakis on October 13, 2016 and is headquartered in Toronto, Canada.

Helus Pharma Inc.

Anticipation of Helus Pharmas HLP003 Phase 3 APPROACH topline results, expected in Q4 2026 after enrollment finished ahead of schedule, is driving attention, alongside optimism about the new CEO and recent insider buying. Traders are broadly bullish on the programs Phase 2 profile and psychedelic-sector momentum, while others highlight the binary trial risk, potential dilution, cash-runway concerns, and profit-taking.

Dutch Bros, Inc. engages in operating and franchising drive-thru shops that focus on handcrafted beverages. It operates through the Company-Operated Shops, and Franchising and Other segments. The Company-Operated Shops segment consists of coffee shop sales to customers. The Franchising and Other segment is involved in bean and product sales to franchisees and includes the initial franchise fees, royalties, and marketing fees. The company was founded by Travis Boersma and Dane Boersma in 1992 and is headquartered in Tempe, AZ.

Dutch Bros Inc - Ordinary Shares - Class A

Dutch Bros Inc

A sharp selloff following Dutch Bros recent earnings and the failed Salad and Go acquisition has drawn attention, with traders debating whether the decline reflects valuation compression, high interest rates, weaker discretionary spending and competition. Bulls view the move as an oversold reaction and point to continued store expansion and revenue growth, while bears remain focused on the stocks elevated multiple, possible dilution and insider selling.

DraftKings, Inc. is a digital sports entertainment and gaming company, which engages in the provision of online sports betting, online casino, daily fantasy sports product offerings, DraftKings Marketplace, retail sportsbook, media, and other consumer product offerings. The company was founded by Jason D. Robins, Matthew Kalish, and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA.

DraftKings Inc. - Ordinary Shares - Class A

DraftKings Inc

A Ninth Circuit ruling allowing states to regulate Kalshi-style sports contracts as gambling is being viewed by traders as a potential win for DraftKings, reducing a key prediction-market competitive threat. The community remains divided, with some expecting traditional sportsbooks to benefit while others question the rulings scope, ongoing appeals, and DraftKings profitability and execution.

Ultragenyx Pharmaceutical, Inc. is a biopharmaceutical company, which engages in the identification, acquisition, development, and commercialization of novel products for the treatment of genetic diseases. Its products include Crysvita, Mepsevii, Dojolvi, and Evkeeza. The company was founded by Emil D. Kakkis in April 2010 and is headquartered in Novato, CA.

Ultragenyx Pharmaceutical Inc.

Ultragenyx Pharmaceutical Inc

FDA approval of FAYUVI (UX111), the first treatment for Sanfilippo syndrome type A, is driving attention, along with the Priority Review Voucher and planned commercial launch. Traders are mostly bullish on the added revenue and cash potential, while skeptics point to the ultra-rare, one-time treatment market, safety monitoring requirements and cash burn; others are debating why the share-price reaction has been relatively muted.

QuantumScape Corp. engages in developing next-generation solid-state lithium-metal batteries. The company’s next-generation batteries are designed to enable greater energy density, faster charging, and enhanced safety to support the transition away from legacy energy sources toward a lower-carbon future. The company was founded by Jagdeep Singh, Tim Holme, and Fritz B. Prinz in May 2010 and is headquartered in San Jose, CA.

QuantumScape Corp - Ordinary Shares - Class A

QuantumScape Corp

Speculation that Volkswagen may reduce or divest its QuantumScape stake amid broader asset sales is driving attention, with traders debating whether it signals weaker confidence in the partnership or is primarily a balance-sheet decision. The discussion also centers on whether the PowerCo licensing relationship remains intact and whether QuantumScape can prove scalable Eagle Line production.

Oklo, Inc. engages in the development of fission reactors. It provides clean energy through the design and deployment of fast fission power plants. The company was founded by Jacob DeWitte and Caroline Cochran on July 3, 2013 and is headquartered in Santa Clara, CA.

Oklo Inc. - Ordinary Shares - Class A

Oklo Inc.

Oklos new at-the-market equity offering is driving attention, with traders focused on potential dilution alongside recent founder and executive share sales. Bears view the financing as shareholder-unfriendly and evidence of continued selling pressure, while bulls argue it strengthens funding for the companys long-term advanced-nuclear and AI data-center power strategy.

IonQ, Inc. develops and manufactures quantum computers. The firm specializes in quantum computing and quantum information processing. The company was founded by Christopher Monroe and Jung Sang Kim in 2015 and is headquartered in College Park, MD.

IonQ Inc

IonQs Investor Day announcementsincluding a higher full-year outlook following the SkyWater acquisition, the Superion 256 platform, and a quantum-safe security agreementhave renewed interest in its manufacturing scale and commercialization roadmap. Traders are broadly bullish on the quantum-computing thesis, though others describe the move as a sell-the-news rally and question valuation, profitability, and whether the technical milestones can be delivered.

Iovance Biotherapeutics, Inc. engages in the development and commercialization of cell therapies using autologous tumor-infiltrating lymphocytes (TIL) for the treatment of cancer. Its products include Amtagvi (lifileucel), and Proleukin (aldesleukin). The firm also develops investigational TIL therapies for other solid tumor cancers. The company was founded by Robert T. Brooke on September 17, 2007 and is headquartered in San Carlos, CA.

Iovance Biotherapeutics Inc

Barclays bullish reassessment, citing physician-survey support for Lifileucel and the upcoming IOV-LUN-202 non-small-cell lung cancer update, is fueling attention alongside expectations for revised guidance and continued Amtagvi commercial progress. Traders are broadly bullish and discuss short covering and further re-rating, though some attribute the sharp move and pullbacks to profit-taking, options positioning, and broader biotech volatility.

CoreWeave, Inc. engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, Peter Salanki, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.

CoreWeave Inc. - Ordinary Shares - Class A

CoreWeave Inc

CoreWeaves proposed convertible-debt financing and new at-the-market share-sale program are driving attention, with traders focused on leverage, potential dilution, and managements timing. Some investors view the capital raise as necessary to fund expanding AI compute capacity and point to higher-priced contracts and growing customer commitments, while others expect continued pressure on the shares.

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Primech Holdings (Nasdaq: PMEC) Wins US$5.78 Million Three-Year Integrated Facility Services Contract

Multi-Service Award with a Financial Services Group in Asia Expands Primech’s Integrated Facility Services Portfolio
SINGAPORE, Sept.  17, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), a leading technology-driven facility services provider serving public and private sectors across Singapore, today announced that its subsidiary, Primech A & P Pte. Ltd. (“Primech A & P”), has secured a three-year integrated facility services contract with a financial services group in Asia, valued at approximately S$7.36 million (US$5.78 million).
  
Contract Details
  
Under the contract, Primech A & P will provide office cleaning, pest control and waste management services, bringing multiple essential facility requirements under an integrated service delivery model. Services under the contract are expected to commence in the second half of 2026.
  
The award demonstrates Primech A & P’s ability to deliver multi-service facility solutions for large-scale corporate environments and further expands the Company’s presence in the financial services sector.
  
The contract value is an estimate based on agreed scope and indicative service volumes, and actual revenue may vary based on usage and scope adjustments.
  
Advancing Primech’s Integrated Facility Services Model
  
The contract reflects Primech A & P’s continued expansion of its core cleaning capabilities through a broader integrated facility services model.
  
By combining office cleaning, pest control and waste management within a single engagement, Primech A & P will coordinate complementary facility services to support the day-to-day operational requirements of the client’s corporate environment.
  
The multi-service scope builds on Primech A & P’s established cleaning operations while broadening the range of facility services delivered to its customers. This approach enables the Company to address a wider range of operational requirements and deepen its engagement with major commercial and institutional customers.
  
The award also adds to Primech’s portfolio of multi-year contracts, providing recurring business visibility while supporting the Company’s continued expansion across key commercial sectors.
  
Management Commentary
  
“This contract represents an important addition to our commercial portfolio and demonstrates the breadth of services Primech A & P can deliver within a single engagement,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited.
  
“As customers increasingly look for reliable partners that can support multiple aspects of their facility operations, we see opportunities to build on our core cleaning capabilities by delivering a broader range of integrated services. This contract brings together office cleaning, pest control and waste management, demonstrating how we can support more of our customers’ facility requirements through a coordinated service model.”
  
About Primech Holdings Limited
  
Primech Holdings Limited (Nasdaq: PMEC) is a Singapore-headquartered, technology-driven facilities services and AI robotics group with operations in Singapore and Hong Kong. Through its subsidiaries, the Group provides cleaning, facilities maintenance, stewarding, waste management and pest control services to public and private sector clients.
  
Through its subsidiary Primech AI, the Group develops HYTRON, an autonomous restroom-cleaning robot that combines AI perception with robotic manipulation. HYTRON has been commercially deployed in Singapore, with international expansion underway, including a distribution agreement in South Korea and market-entry activities in the United States. The Group also operates HomeHelpy, a digital home-services booking platform serving the consumer market.
  
Primech Holdings was incorporated in 2020 and listed on the Nasdaq Capital Market in October 2023. For more information, visit investor.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about the value, duration, scope, and revenue recognition of the contract described in this announcement, and about anticipated revenues, growth, and expansion. Contract values are estimates based on agreed scope, pricing, and expected service volumes. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s Annual Report on Form 20-F for the fiscal year ended March 31, 2026, filed with the SEC on July 29, 2026, and its other filings with the SEC.
  
Investor Relations
  
Primech Holdings Limited
ir@primechholdings.com
www.primechholdings.com

Primech Holdings Secures Approximately US$2.67 Million in New Hospitality and Residential Facility Services Contracts

Six New Contracts Spanning Luxury Hotels, Serviced Apartments, and Premium Condominiums Extend Primech's Footprint Across Singapore's Private Sector Property Market
SINGAPORE, June  25, 2026  (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) ("Primech" or the "Company"), a leading technology-driven facility services provider serving public and private sectors across Singapore, today announced that its subsidiary, Primech A & P Pte. Ltd., has been awarded six new facility services contracts valued at approximately S$3.46 million (US$2.67 million) in aggregate, with contract terms ranging from one to three years.
  
The awards span Singapore's premium hospitality and residential property segments, comprising a landmark luxury hotel, a serviced apartment property and four residential condominium developments located across multiple districts in Singapore. Together, the contracts reinforce Primech's growing presence in Singapore's high-standard private property market.
  
Deepening Primech's Hospitality and Residential Portfolio
  
The six newly awarded contracts represent a broad cross-section of Singapore's private property landscape and further strengthen Primech's presence across the hospitality and residential sectors. Among the awards is a two-year engagement covering public area cleaning at a luxury hotel, where maintaining exceptional presentation standards across lobbies, event spaces and shared amenity areas is integral to the guest experience.
  
Complementing this flagship engagement, Primech has secured a cleaning services contract at a serviced apartment property, as well as four residential condominium developments located across multiple districts in Singapore. Together, these appointments reflect the Company's ability to support diverse property types that demand consistent service quality, operational reliability and attention to detail.
  
Strengthening Private Sector Positioning
  
At approximately US$2.67 million in aggregate, this batch of awards underscores the breadth of Primech's operational capabilities across Singapore's hospitality and residential property sectors. Hotels and premium condominiums require facility service providers to maintain exacting standards with minimal disruption to residents and guests, a capability that Primech has built through years of deployment across complex, high-footfall properties.
  
The mix of contract durations, from one to three years, provides layered near-term revenue visibility, while the geographic spread across central and suburban Singapore reflects the Company's ability to deploy and manage cleaning operations efficiently across the island.
  
Management Commentary
  
"These contract wins reflect sustained demand for professional, high-standard facility services across Singapore's hospitality and residential property sectors," said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings. "Hotels and premium condominiums operate in environments where cleanliness and presentation are directly tied to guest and resident satisfaction, and our track record in delivering consistent quality at scale continues to position us as the partner of choice for property operators across these segments."
  
"We remain focused on operational excellence and disciplined growth as we continue to build a diversified, resilient contract base that serves both the public and private sectors of Singapore's property market.”
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facility services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. For more information, visit www.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
  
Investor Relations
  
Primech Holdings Limited
ir@primechholdings.com
www.primechholdings.com

Primech Holdings Secures Approximately US$36.1 Million in New Social Services and Public Sector Integrated Facility Services Contracts

Five-Year Education Sector Engagement and Social Services Contract Deepen Primech’s Role in Singapore’s Public Infrastructure
SINGAPORE, June  18, 2026  (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), a leading technology-driven facility services provider serving public and private sectors across Singapore, today announced that its subsidiary, Primech A & P Pte. Ltd., has been awarded two new facility services contracts valued at a combined S$46.2 million (US$36.1 million), with terms extending up to five years.
  
The awards mark Primech’s deepest push yet into mission-critical public infrastructure: a flagship five-year engagement covering a major public-sector education portfolio, and a parallel contract with a social service organization supporting individuals with diverse needs.
  
Anchoring Primech in Education and Social Care Infrastructure
  
Where Primech’s prior wins centered on corporate campuses and commercial districts, this announcement marks a deliberate pivot toward sectors defined by continuity of care and public accountability rather than tenant turnover.
  
The headline award is a five-year integrated facility services contract spanning multiple educational facilities, covering everything required to keep campuses clean, safe, and fully operational throughout the school calendar. Its companion contract puts Primech inside Singapore’s social service network, supporting a provider focused on individuals with diverse needs — a segment where service consistency carries weight well beyond typical commercial cleaning standards.
  
A Step Change in Contract Duration and Scale
  
At US$36.1 million combined, this ranks among Primech’s largest contract disclosures to date, and represents approximately four times the value of the commercial and tenancy contracts it disclosed just days earlier. The five-year term on the education contract is also notably longer than the one-to-three-year range typical of Primech’s recent commercial wins, locking in revenue visibility into 2031 and giving the Company a longer runway for workforce and resource planning.
  
Building on a Public-Sector and Community Track Record
  
“These awards represent more than new business wins — they reflect the continued evolution of Primech as a trusted facility services partner for large-scale and essential operating environments,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings. “The five-year public-sector engagement is particularly significant as it enhances the visibility of our future revenue stream while demonstrating our ability to secure and execute larger, longer-duration opportunities. Together with our growing presence in the community services sector, these contracts further strengthen the quality and resilience of our business.”
  
“As demand for integrated facility services continues to grow, we remain focused on disciplined execution, operational excellence, and building long-term customer relationships that support sustainable growth and shareholder value creation.”
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facility services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. For more information, visit www.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
  
Investor Relations
  
Primech Holdings Limited
ir@primechholdings.com
www.primechholdings.com

Primech Holdings Secures Approximately US$8.8 Million in New Commercial, Institutional and Tenancy Facilities Services Contracts

Multiple New Contract Wins Expand Revenue Visibility and Strengthen Primech's Position Across Singapore's Commercial and Institutional Sectors
SINGAPORE, June  11, 2026  (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) ("Primech" or the "Company"), a leading technology-driven facilities services provider serving both public and private sectors across Singapore, today announced that its subsidiaries, Primech A & P Pte. Ltd. and Maint-Kleen Pte. Ltd., have collectively secured four significant facilities services contracts with a combined value of approximately S$11.9 million (US$8.8 million). The contracts carry service periods ranging from approximately one year to three years and are expected to contribute recurring revenue over their respective contract terms.
  
The newly awarded contracts span premium corporate headquarters, next-generation digital business districts, major institutional facilities, and multinational industrial campuses, further strengthening Primech's presence across some of Singapore's most prestigious commercial and tenancy environments.
  
The contract awards encompass comprehensive cleaning, integrated facilities support, waste management, and pest control services, providing Primech with a stronger recurring revenue base and long-term business visibility.
  
Expanding Presence Across High-Profile Commercial and Institutional Assets
  
The newly secured engagements include:
  
A facilities services contract for a leading fashion and lifestyle company.
An integrated cleaning, waste management, and pest control contract supporting a flagship smart-city digital business district.
A long-term facilities services engagement for one of Singapore's largest institutional and community-focused developments.
A facilities services contract for the Singapore operations of a global industrial technology and energy management leader.
  
Collectively, these awards further diversify Primech's customer portfolio while demonstrating the Company's ability to secure contracts across multiple sectors, including commercial offices, mixed-use developments, institutional facilities, and advanced industrial campuses.
  
Demonstrating Continued Customer Confidence and Operational Excellence
  
The contract awards reflect growing demand for high-quality, technology-enabled facilities management solutions and underscore Primech's reputation as a trusted partner capable of delivering consistent service standards across complex operating environments.
  
Management believes that securing multiple contracts across diverse asset classes highlights the Company's operational capabilities, workforce management expertise, and ability to execute at scale while maintaining service quality and customer satisfaction.
  
These wins are expected to contribute meaningful recurring revenue while strengthening Primech's long-term customer relationships and market position within Singapore's facilities services industry.
  
Supporting Long-Term Growth and Revenue Visibility
  
Primech continues to execute its strategy of expanding its presence within premium commercial, institutional, and infrastructure-related facilities while leveraging technology-driven solutions to improve operational efficiency and service delivery.
  
The combined contract value of approximately S$11.9 million (US$8.8 million) provides increased revenue visibility through 2029 and supports the Company's objective of generating sustainable long-term growth through recurring service engagements.
  
Management believes that demand for professional facilities services will continue to be supported by rising expectations for workplace quality, operational resilience, sustainability initiatives, and asset maintenance standards across Singapore's commercial real estate sector.
  
"The successful award of these major commercial, institutional and tenancy contracts represents another important milestone for Primech and reflects the confidence that customers place in our service quality, operational capabilities, and technology-driven approach," said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings.
  
"These contract wins strengthen our recurring revenue base, expand our presence across several strategically important sectors, and further strengthen our position within Singapore's integrated facilities services industry. We remain focused on delivering operational excellence while creating sustainable long-term value for our customers and shareholders."
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. For more information, visit www.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
  
Investor Relations
  
Primech Holdings Limited
  
ir@primechholdings.com
  
www.primechholdings.com

Primech AI Signs Three-Year Hytron Leasing Deal for High-Traffic Singapore Public Sector Site

Hytron — the autonomous restroom cleaning robot — moves from showcase to live commercial deployment, generating recurring monthly revenue from launch
KEY FACTS AT A GLANCE
 
WHOPrimech Holdings Limited (Nasdaq: PMEC), through its robotics subsidiary Primech AI Pte. Ltd.
WHATThree-year leasing agreement for one Hytron autonomous restroom cleaning robot
WHENDeployment commencing no later than 31 May 2026
WHEREHigh-traffic public sector facility in Singapore
WHY IT MATTERSFirst multi-year recurring revenue contract for Hytron in active public sector deployment; establishes Singapore reference site to anchor international expansion
 

  
SINGAPORE, May  15, 2026  (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech”), through its subsidiary Primech AI Pte. Ltd. (“Primech AI” or the “Company”), today announced that it has signed a three-year leasing agreement to deploy its Hytron autonomous restroom cleaning robot at a high-traffic public sector facility in Singapore.
  
The agreement marks Hytron’s transition from product showcase to live, revenue-generating commercial deployment, and establishes a recurring monthly revenue stream for Primech AI commencing no later than 31 May 2026.
  
Hytron in Action: One Robot, Every Restroom Surface
  
Inside Singapore’s busiest public-facing buildings, restrooms are cleaned and re-cleaned dozens of times a day. Hytron is built to handle that work end-to-end — autonomously.
  
Each Hytron unit independently cleans toilets, urinals, wash basins, sinks, floors and mirrors across multi-floor facilities. It navigates corridors, takes elevators between floors, self-charges, and refills and discharges water without human intervention. A dual-system cleaning architecture combines engineered brushes for precision contact scrubbing with electrolyzed water spray for contactless sanitization — adapting in real time to each fixture and surface.
  
Hytron has demonstrated greater than 99% bacterial disinfection efficacy in certified independent testing, holds endorsement from Singapore’s National Environment Agency (NEA) under the Environmental Services Productivity Solutions Grant, and was selected as a TechRadar Pro Picks standout at CES 2026 in Las Vegas.
  
Operators manage the deployed fleet through the Hytron Task Management App, with real-time monitoring, task-level performance tracking, alerts, and IoT and Building Management System integration.
  
Agreement Structure
  
The agreement provides for the lease of one Hytron unit, with a three-month onboarding phase upon delivery during which installation, setup and operator training are provided by Primech AI at no additional charge. This onboarding structure is designed to lower the adoption barrier for new enterprise clients and accelerate deployment readiness, before transitioning into the full multi-year lease.
  
A Recurring-Revenue Model Built for Scale
  
Primech AI offers Hytron under a multi-year leasing model rather than outright capital sale. The model is designed to lower the upfront cost barrier for facility operators while generating predictable, subscription-style monthly revenue for the Company:
  
Recurring monthly revenue — fixed monthly fee per deployed unit, independent of one-time sales cycles.
Full-service coverage — maintenance, quarterly preventive servicing, corrective repair within three business days, spare parts and technical support all included.
Scalable across sites — a single client relationship can grow organically as additional units are deployed across more facilities.
Asset ownership retained — Primech AI retains ownership of all deployed Hytron units throughout the lease term.
  
Why This Deployment Matters
  
Singapore is one of the most demanding facilities-management markets in the world — dense, public-facing, tightly regulated and labor-constrained. A successful Hytron deployment in a high-traffic Singapore public sector environment establishes the operational track record that international enterprise and government clients look for.
  
Primech AI intends to grow its deployed Hytron fleet through additional leasing agreements across Singapore and target international markets, including the United States, where the Company is actively pursuing enterprise partnerships and distribution agreements following its participation in the 2026 SelectUSA Investment Summit, as well as Europe and North Asia through its announced distribution arrangements. Manufacturing capacity is being scaled to support pipeline demand.
  
Management Commentary
  
“Hytron is one of the very few robots in the world purpose-built for the hardest hygiene environment in any building — the public restroom. Getting this right is much harder than it looks, and we were able to build Hytron precisely because Primech has spent decades running real cleaning operations ourselves. We know exactly what an operator needs.
  
This agreement converts Hytron from a product showcase into a live, revenue-generating deployment in one of the toughest facility environments in Singapore. It is the first of what we expect to be a growing fleet of Hytron units generating recurring monthly revenue for Primech AI — with additional agreements in active development across Singapore and our target international markets.”
  
— Ken Ho, Chairman and Chief Executive Officer, Primech Holdings Limited
  
What’s Next
  
Primech AI expects to announce additional Hytron leasing agreements and deployments across Singapore and target international markets in the coming quarters, as the Company executes its strategy to build a fleet-scale, recurring-revenue robotics business.
  
About Primech Holdings Limited
  
Primech Holdings Limited (Nasdaq: PMEC) is a Singapore-headquartered technology-driven integrated facilities services group. Its operating businesses trace their roots to 1988, with Primech Holdings Limited established as the consolidating entity. Primech provides general facility maintenance, specialized cleaning solutions, stewarding services, and targeted cleaning for offices and homes to public and private sector clients across Singapore. The Group is the parent company of Primech AI Pte. Ltd., developer of the Hytron autonomous restroom cleaning robot. For more information, visit www.primechholdings.com.
  
About Primech AI
  
Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited, is a robotics company developing autonomous, AI-powered solutions for commercial facility operations. Its flagship product, Hytron, is a fully autonomous AI-powered restroom cleaning robot engineered to enhance hygiene standards, reduce labor dependency and support sustainability initiatives across high-traffic environments including airports, healthcare facilities, hotels, transportation hubs, educational institutions and commercial real estate. For more information, visit www.primech.ai.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including statements about anticipated commercial deployments, recurring revenue generation, fleet growth, partnership development, manufacturing initiatives, and international market expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to,” or similar expressions. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, some of which are beyond the Company’s control. Actual results may differ materially from those projected. The Company undertakes no obligation to update or revise publicly any forward-looking statements, except as may be required by law. For a discussion of risk factors, please refer to the Company’s filings with the U.S. Securities and Exchange Commission, available at www.sec.gov.
  
Contact
  
Investor Relations
  
ir@primechholdings.com

Primech Holdings Secures Approximately US$24.8 Million Four-Year Contract at a Major Asian Aviation Hub, Adding Significant Recurring Revenue Visibility

Award Reinforces Primech's Position as a Trusted Partner for Mission-Critical, High-Traffic Facility Environments While Strengthening Long-Term Revenue Predictability
SINGAPORE, May  07, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), an established technology-driven facility solutions service provider serving public and private sectors across Singapore, today announced that its wholly owned subsidiary, Primech A & P Pte. Ltd. (“Primech A & P”), has been awarded a four-year cleaning services contract with an estimated value of approximately US$24.8 million. The contract was awarded by one of Asia’s largest aviation hubs and covers routine and periodic cleaning services across multiple levels of a high-volume passenger terminal.
  
The award represents one of the most significant single-contract wins in Primech’s operating history and further extends the Company’s growing portfolio of multi-year institutional mandates in the transportation and infrastructure sector. Combined with the approximately US$33 million in multi-year university contracts announced in March 2026, Primech continues to execute on its strategy of securing large, structured service agreements that provide durable, predictable revenue over extended periods.
  
Strengthening Predictable, Long-Term Revenue
  
With an estimated aggregate contract value of approximately US$24.8 million over four years, this award delivers meaningful forward revenue visibility and meaningfully grows Primech’s recurring revenue base. Cleaning services contracts of this scale—spanning a continuous four-year term at one of Asia’s high-traffic operational environments—are characterized by high retention rates, structured service-level requirements, and stable cash flow generation.
  
Multi-year revenue certainty: A four-year term provides clear forward revenue visibility, materially reducing revenue concentration risk.
  
Institutional contract quality: Aviation and transportation mandates are among the most operationally rigorous in the facilities sector, reflecting Primech’s ability to meet the highest compliance and performance standards.
  
Stable cash flow generation: Recurring cleaning contracts underpin consistent operating cash flows independent of broader economic cycles.
  
Increased operating leverage: The contract scale allows the Company to deploy existing manpower infrastructure and digital management systems more efficiently, supporting margin durability over time.
  
High-Traffic, Mission-Critical Operating Environment
  
The contracted scope covers routine and periodic cleaning services across a multi-level passenger terminal at one of Asia’s largest aviation hubs. Aviation terminals represent among the most demanding facility environments in the world—operating 24 hours a day, seven days a week, subject to stringent hygiene, safety, and regulatory standards. The ability to consistently deliver high-quality cleaning outcomes in such settings requires a proven operational track record, a disciplined workforce management capability, and the deployment of technology-enabled monitoring and quality assurance systems.
  
Primech’s selection for this contract reflects the confidence the client has placed in the Company’s operational capabilities, service consistency, and technology-driven approach to large-scale facility services solutions. The Company intends to leverage its digitalized management infrastructure—including real-time performance dashboards, data-driven scheduling, and workflow automation to deliver measurable service outcomes throughout the contract term.
  
Institutional Momentum and Long-Term Strategic Positioning
  
This contract award adds to a growing portfolio of large, multi-year mandates that Primech has secured across Singapore’s institutional, public sector, and infrastructure segments. The Company’s strategy centers on winning and retaining long-duration contracts in operationally complex environments where technology integration and service quality create meaningful barriers to entry and competitive differentiation.
  
Management continues to focus on:
  
Expanding recurring, multi-year service contracts: Prioritizing structured long-term awards that provide revenue visibility and reduce earnings volatility.
  
Growing institutional market presence: Deepening penetration across Singapore’s transportation, healthcare, education, and public infrastructure segments.
  
Enhancing long-term shareholder value: Translating revenue scale and operational leverage into sustainable, improving financial performance.
  
The Company believes that structural trends including labor scarcity, rising hygiene compliance standards, and institutional demand for accountable, technology-driven service providers continue to create favorable long-term tailwinds for Primech’s core business model and long-term growth strategy.
  
“This award is a strong affirmation of Primech’s operational capabilities and the trust that major infrastructure operators place in our team,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings. “Securing a four-year mandate of this scale at one of Asia’s most demanding facility environments reflects the depth of our service capabilities and our ability to compete and win at the highest institutional level. We are committed to delivering exceptional outcomes for this client while continuing to strengthen our operational excellence and long-term service capabilities.”
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
  
Company Contact:
  
Email: ir@primech.com.sg

Primech Holdings Awarded Two Multi-Year Industrial Cleaning Contracts in Singapore Totaling Approximately US$3.45 Million

SINGAPORE, April  30, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), a Singapore-based provider of integrated facility services, today announced that its wholly owned subsidiaries, Maint-Kleen Pte Ltd and Primech A & P Pte Ltd, have been awarded two separate three-year cleaning service contracts within Singapore’s industrial sector. The combined estimated contract value is approximately US$3.45 million (approximately S$4.66 million), to be recognized over the contract terms.
  
Contract Details
  
Maint-Kleen Pte Ltd has secured a three-year contract valued at approximately US$1.4 million to deliver ongoing cleaning services across industrial property sites, supporting recurring, high-frequency service requirements.
Primech A & P Pte Ltd has secured a three-year contract valued at approximately US$2.0 million to provide integrated cleaning services at a major industrial and business hub in Singapore, further entrenching Primech within large-scale, high-value operational environments.
  
Both contracts are structured as recurring service engagements, with revenue recognized monthly over the contract terms. Contract values are estimates based on agreed scope and indicative service volumes, and actual revenue may vary based on usage, scope adjustments, and renewal outcomes.
  
Strategic Context
  
Industrial facilities are a core operating segment for Primech and a target deployment environment for the Company’s broader technology roadmap, including its Hytron autonomous cleaning robot platform developed by subsidiary Primech AI. Multi-year industrial contracts provide both recurring service revenue and a base of installed sites, into which the Company expects to introduce technology-enabled service offerings over time.
  
The Company expects continued demand within Singapore’s industrial segment, supported by sustained outsourcing of facility services and ongoing investment in industrial and logistics infrastructure.
  
Management Commentary
  
“These contract awards add to our base of recurring industrial service revenue and reflect long-standing relationships with institutional asset owners in Singapore,” said Ken Ho, Executive Chairman and Chief Executive Officer of Primech Holdings. “Industrial sites are also a priority deployment environment for our Hytron robotics platform as it scales, and a stable contracted footprint in this segment supports our longer-term technology strategy.”
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. For more information, visit www.primechholdings.com.
  
About Primech AI
  
Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited, is a robotics company dedicated to developing autonomous, AI-powered solutions for commercial facility operations. Its flagship product, Hytron, is a fully autonomous AI-powered restroom cleaning robot engineered to enhance hygiene standards, reduce labor dependency, and support sustainability initiatives across high-traffic environments including airports, healthcare facilities, hotels, transportation hubs, educational institutions, and commercial real estate. For more information, visit www.primech.ai.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about contract execution, anticipated revenues, growth, and segment expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
  
Investor Contact
  
Primech Holdings Limited
Email: ir@primech.com.sg
Website: www.primechholdings.com

Primech Holdings Accelerates U.S. Expansion for Primech AI’s Hytron, Selected for SelectUSA Tech Amid Growing Institutional Deployment Pipeline

Company Advances Nationwide Commercial Rollout as Demand for Automation Surges Across U.S. Facilities Sector
SINGAPORE, April  23, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), through its autonomous robotics subsidiary Primech AI Pte. Ltd., today announced the acceleration of its U.S. expansion strategy, supported by its selection for the SelectUSA Tech program and participation in the 2026 SelectUSA Investment Summit (May 3–6, 2026, National Harbor, Maryland) following an invitation from the U.S. Embassy in Singapore. This acceleration positions Primech to capitalize on intensifying enterprise demand for AI-powered facility automation and supports the Company’s long-term growth strategy through institutional-scale commercial deployment in the world’s largest facilities services market.
  
The Company is actively advancing a growing pipeline of commercial deployment opportunities across the United States for Hytron, its flagship fully autonomous AI-powered restroom cleaning system, as enterprise demand intensifies for scalable automation solutions addressing persistent labor shortages and rising operating costs.
  
Primech’s participation comes at a landmark bilateral moment as Singapore and the United States mark 60 years of diplomatic relations and the United States celebrates the 250th anniversary of its independence. According to the U.S. Department of Commerce, SelectUSA facilitated approximately US$139 billion in foreign direct investment deals over the past year, supporting more than 32,000 American jobs across 175 transactions, with the 2025 Summit drawing more than 5,500 participants and over 2,700 business investors from more than 100 countries.
  
Following successful showcases at CMS Berlin and the Tokyo Building & Maintenance Show, and its North American debut at CES 2026, Primech is now executing the next phase of its global strategy: large-scale commercial deployment in the United States.
  
Hytron generated more than 350 qualified enterprise leads from 23 countries at CES 2026, including significant engagement from U.S.-based operators across healthcare, hospitality, transportation, higher education, and commercial real estate. The Company is currently progressing discussions with multiple large-scale U.S. facility operators, including leading hospitality and institutional services providers. Mass production of Hytron commenced in the second quarter of 2026, and Primech has executed distribution agreements across multiple international markets to support scaled commercial rollout.
  
Primech has already established a foundational U.S. operating platform to support commercialization and scale, including its Delaware incorporation, Edwardsville, Illinois office, and operational collaborations with robotic service and distribution partners. The Company is evaluating opportunities to expand its U.S. footprint further, including deployment infrastructure, servicing capabilities, and potential localized operations to support nationwide scale.
  
Primech’s selection for SelectUSA Tech highlights its alignment with key U.S. priorities including workforce resilience, supply chain diversification, and the integration of advanced automation into institutional operations. Hytron has demonstrated greater than 99% bacterial reduction in independent testing and received a TechRadar Pro Picks Award at CES 2026.
  
“The United States represents the most significant near-term growth opportunity for Primech AI,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited. “Our selection for SelectUSA Tech and the invitation from the U.S. Embassy in Singapore reflect the tangible operational investments we have made to prepare for scaled U.S. commercialization, from our Delaware subsidiary and Edwardsville office to active engagement with leading American institutional operators. With Hytron mass production having commenced in the second quarter of 2026, distribution agreements in place across multiple international markets, and a clear pipeline of U.S. enterprise deployment opportunities, we are positioned to convert this momentum into meaningful commercial traction, expanded U.S. operational capabilities, and long-term value creation for Primech shareholders.”
  
During the Summit, Primech will engage with U.S. state and local economic development organizations, federal agency representatives, and prospective commercial and channel partners to advance Hytron deployment, expand strategic partnerships, and accelerate U.S. market entry. The Company will provide updates on the outcomes of these engagements through subsequent investor communications.
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. For more information, visit www.primechholdings.com.
  
About Primech AI
  
Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited, is a robotics company dedicated to developing autonomous, AI-powered solutions for commercial facility operations. Its flagship product, HYTRON, is a fully autonomous AI-powered restroom cleaning robot engineered to enhance hygiene standards, reduce labor dependency, and support sustainability initiatives across high-traffic environments including airports, healthcare facilities, hotels, transportation hubs, educational institutions, and commercial real estate. For more information, visit www.primech.ai.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about anticipated U.S. market expansion, commercial deployments, partnership development, manufacturing initiatives, and long-term shareholder value creation. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to,” or other similar expressions. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, some of which are beyond the Company’s control. Actual results may differ materially from those projected. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. For a discussion of risk factors, please refer to the Company’s filings with the U.S. Securities and Exchange Commission, which are available on the SEC’s website at www.sec.gov.
  
Contact
  
Primech Holdings Limited
  
Investor Relations
  
ir@primechholdings.com
  
www.primechholdings.com

Primech AI Secures Government Collaboration for Hytron Autonomous Cleaning Robot Deployment in Singapore Schools

SINGAPORE, April  09, 2026 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the deployment of its Hytron autonomous bathroom cleaning robots in a multi-storey school environment. The project represents a significant commercial milestone for autonomous cleaning solutions in facility management.
  
Primech AI was selected as one of the finalists of the Innovation Challenge by the Ministry of Education (MOE) and the Ministry of Digital Development and Information (MDDI) launched on the Infocomm Media Development Authority’s (IMDA) Open Innovation Platform1. The challenge sought a solution to enhance cleaning of toilet facilities in multi-storey school buildings to reduce reliance on manpower and enhance cleaning efficiency, while overcoming existing infrastructure limitations. Primech AI was awarded prize funding for prototype development and pilot testing.
  
Hytron is a fully autonomous, AI-powered bathroom cleaning robot designed to revolutionise hygiene in high-traffic facilities. With advanced 3D-cleaning capabilities and electrolysed water technology, Hytron ensures consistent, high-quality cleaning while significantly reducing manual labor. The latest model features the cutting-edge NVIDIA Jetson Orin Super — a compact yet powerful System-on-Module (SoM) built for advanced-edge AI and robotics. This integration enables exceptional energy efficiency, real-time data processing, and intelligent navigation, making Hytron a highly scalable and future-ready solution for smart facility management.
  
As part of the 12-month pilot programme, Primech AI will deploy one Hytron unit at Dunman High School. The pilot aims to address key operational challenges in public facilities, including labor shortages and maintenance of consistent standards of cleanliness. Hytron's capabilities include autonomous navigation in confined spaces, scheduled cleaning cycles with real-time monitoring, electrolysed water disinfection protocols, and autonomous charging operations, positioning the technology for broader commercial adoption across healthcare, transportation, and commercial real estate sectors. This would be continuous to reinforce Hytron as one of the first movers in national-scale autonomous cleaning in Singapore while we pursuit international opportunities in parallel.
  
"This collaboration represents significant validation of our technology readiness for infrastructure deployment," said Charles Ng, Chief Operating Officer of Primech AI. “We are proud to work with forward-thinking government partners in paving the way for AI-enabled cleaning across Singapore and beyond.”
  
About Primech AI
Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.
  
About Primech Holdings Limited
Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.     
  
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
  
Company Contact:
Email: ir@primech.com.sg
  
_________________
1 IMDA’s OIP helps corporates diagnose their business challenges and crowd-source for innovative digital solutions from start-ups, technology providers, and research institutes. Calls on the OIP are launched three times a year.

Primech A & P Secures US$24.0 Million Multi-Year Government-Linked Contract for Integrated Cleaning Services Across Six Major Hawker Centres in Singapore

Significant contract adds long-term revenue visibility and strengthens positioning in critical public infrastructure and high-volume environments
SINGAPORE, April  02, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Group”), through its subsidiary Primech A & P Pte. Ltd. (“Primech A & P”), today announced the successful award of a major public sector contract to provide integrated cleaning services across six prominent hawker and food centres in Singapore. The contract carries a total value of approximately US$24.0 million over a 4+1-year performance-based term, strengthening the Group’s recurring revenue base and long-term earnings visibility.
  
This contract reinforces Primech’s established position within Singapore’s environmental services sector and highlights its proven ability to secure and execute large-scale public infrastructure mandates. It further reflects the Group’s track record of delivering consistent, high-quality cleaning solutions, increasingly supported by technology-driven operational efficiencies.
  
Comprehensive, Performance-Based Service Scope
  
Under the contract, Primech A & P will deliver a fully integrated suite of cleaning and facility support services across all six locations, including general cleaning and maintenance, toilet cleaning and sanitation, table-cleaning services, Centralised Dishwashing Services (CDW), pest control management, and full compliance with Singapore’s GreenGov sustainability standards.

  
The breadth of services positions Primech as a single-source operator for high-traffic public environments, enabling operational consistency, cost efficiency, and scalable service delivery across multiple sites.
  
The contract is structured with a strong emphasis on innovation, automation, data-driven performance management and operational excellence, incorporating:
  
Cleaning Process Automation (CPA) to enhance labour productivity and improve service consistency.
Cleaning Management Systems (CMS) to enable real-time monitoring, performance tracking, and data-driven decision-making.
Deployment of advanced technologies to optimize workforce allocation, elevate service standards, and support margin expansion over time.

  
Strengthening Market Position Through Innovation
  
This contract underscores Primech’s strategic focus on integrating automation and digital infrastructure into its core service delivery model, aligning with Singapore’s broader shift towards smart, green urban infrastructure. The inclusion of advanced technologies and real-time management systems reflects the Group’s ability to operationalize innovation at scale within complex, high-traffic public settings.
  
By embedding automation and data-driven oversight into daily operations, Primech is strengthening its competitive positioning while enhancing productivity, service consistency, and long-term margin potential. This approach positions the Group to capitalize on the ongoing transformation of the environmental services sector toward higher-efficiency, technology-enabled solutions.
  
“This award reflects our strong capabilities to consistently secure and deliver large-scale, integrated cleaning contracts supported by technology-driven operations,” said Ken Chang, Head of Operations at Primech A & P. It reinforces the trust placed in Primech as a long-term partner in maintaining critical public infrastructure, while demonstrating our capability to execute efficiently at scale.
  
With this latest contract, Primech continues to expand its order book, strengthening revenue visibility and reinforcing a growing base of recurring income streams. The Group remains well-positioned to capture increasing demand for integrated, performance-based environmental services, supported by its ability to deliver at scale across high-density public infrastructure environments both in Singapore and the broader region.
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
  
Company Contact:
Email: ir@primech.com.sg

Primech Holdings Ltd. engages in the technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. The firm offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Primech Holdings through its subsidiary Primech AI, develops HYTRON, an autonomous restroom-cleaning robot that combines AI perception with robotic manipulation. Its services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. It integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. The company was founded on December 29, 2020 and is headquartered in Singapore.

Primech Holdings Ltd

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