PMEC

Primech Holdings Ltd

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

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

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

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.

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

Multi-year partnership establishes an initial trial phase and graduated minimum order commitments, strengthening Primech AI’s international commercialization strategy in a robotics-forward market SINGAPORE, March 23, 2026 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced a distribution agreement to expand HYTRON into South Korea, a partnership expected to generate approximately US $4.08 million in projected revenue over three years while establishing a scalable commercial footprint in one of Asia’s most advanced automation markets. Under the agreement, the partner will serve as Primech AI’s authorized distributor in South Korea, leading localized marketing, sales, deployment, and technical support for Hytron to drive commercial adoption and support scalable deployment across the territory. The partnership follows a structured rollout beginning with an initial trial phase, after which the distributor may transition into an exclusive multi-year distribution arrangement with defined minimum order commitments, providing a clear pathway to scaled deployment upon successful market validation. Based on the agreed minimum order quantities and unit pricing, the agreement is expected to generate approximately US$4.08 million in cumulative revenue over three years, comprising an initial trial order followed by contractually structured increasing annual commitments. “Our expansion into South Korea represents a meaningful step in scaling HYTRON’s international commercialization,” said Charles Ng, Chief Operating Officer of Primech AI. “ With a structured distribution model and a capable local partner, we are well-positioned to accelerate adoption of our Hytron robots in a market that is highly receptive to automation and smart facility solutions, whole building a foundation for long-term scalable deployment.” South Korea represents a highly attractive market for robotics and automation, driven by strong technology adoption and increasing demand for productivity-enhancing solutions in facilities management. Through this collaboration, Primech AI aims to establish a scalable in-market presence, leveraging localized support and expertise to drive efficient deployment and consistent service delivery. The distributor will also manage local certification requirements and provide on-the-ground customer support, helping to streamline market entry, accelerate deployment timelines, and ensure consistent operational performance in the market. Hytron leverages advanced AI and automation technologies to deliver consistent, efficient, and high-quality restroom cleaning in commercial environments, helping organizations address labor constraints while improving hygiene standards. For further enquiries, please contact: Primech AI Pte. Ltd. directenquiries@primech.com.sg – General enquiries partnerships@primech.com.sg – Partnership-related matters 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

Primech AI deepens commercial adoption with leading Singapore FM firm. Partnership marks Singapore’s major step toward automated hygiene management in public and commercial spaces SINGAPORE, March 12, 2026 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced a leasing agreement with CBM Pte Ltd (“CBM”), a leading facilities-management company in Singapore. Under the partnership, CBM will deploy Primech AI’s flagship Hytron autonomous bathroom cleaning robots across its managed properties to enhance cleaning consistency, efficiency, and hygiene standards. The agreement provides flexibility for scaling deployments after an initial trial period and includes full installation, training, and maintenance support from Primech AI. “CBM’s adoption of our Hytron technology demonstrates growing market confidence in autonomous cleaning solutions,” said Charles Ng, Chief Operating Officer of Primech AI. “Our robots are already proving their ability to raise service standards while easing the industry’s labor shortage.” Each Hytron unit leverages edge-AI computing powered by NVIDIA technology, enabling real-time decision-making and navigation in complex environments. “With Singapore’s strong push for technology-driven productivity, partnerships like this set the stage for broad commercial adoption,” said Kin Wai Ho, Chief Executive Officer of Primech Holdings. “Combining public-sector support through the ESG Productivity Solutions Grant with private-sector innovation creates a sustainable path for scaling smart-cleaning operations.” This collaboration reflects a wider trend toward ESG-aligned automation within facilities management, as organizations balance rising hygiene expectations with manpower constraints. For further enquiries, please contact: Primech AI Pte. Ltd. directenquiries@primech.com.sg – General enquiries partnerships@primech.com.sg – Partnership-related matters 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. About CBM Pte Ltd Established more than five decades ago, CBM Pte Ltd is a pioneer in Singapore’s facilities-management industry, known for delivering integrated solutions that combine engineering expertise, cleaning and maintenance, security, and logistics under one roof. Its clients span government agencies, commercial buildings, hospitals, and transport facilities. CBM continues to invest in smart and sustainable technologies to raise service standards and address the country’s manpower challenges in the built-environment sector. 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 shares are trading higher after securing about $33 million in multi-year service contracts with a Singaporean university.read more...

Four-Year University Mandates Strengthen Revenue Visibility, Institutional Positioning, and AI-Driven Automation Strategy SINGAPORE, March 05, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC), an established technology-driven facility solutions service provider serving public and private sectors across Singapore, today announced that its subsidiaries have secured approximately US$33 million in aggregate multi-year institutional service contracts with one of Singapore’s most prestigious and globally recognized universities. The contracts span two major campus zones over a four-year term and encompass comprehensive cleaning services and on-site waste management. The awards materially expand Primech’s long-term institutional portfolio and add meaningful recurring revenue visibility through 2030. Strengthening Predictable Revenue Base With a total contract value of approximately US$33 million over four years, the engagements enhance Primech’s forward revenue pipeline and reinforce the Company’s strategy of securing structured, multi-year institutional mandates. Institutional contracts of this scale provide: Multi-year revenue certainty Stable cash flow generation Increased operating leverage across existing infrastructure Expanded opportunities for technology-driven margin enhancement The awards further deepen Primech’s penetration within Singapore’s higher education segment, a sector characterized by high operational standards, dense daily foot traffic, and long-term outsourcing relationships. Scaled Robotics Integration Across Institutional Campuses In support of these contracts, Primech will deploy a total of 45 autonomous cleaning robots across both campuses. This large-scale deployment reflects Primech’s ongoing transition from traditional facilities services towards technology-enabled, automation-driven operations. By embedding proprietary robotics into long-term service contracts, the Company aims to: Improve labor productivity amid ongoing manpower constraints Enhance service consistency and quality control Reduce reliance on variable labor inputs Increase long-term margin durability through automation The inclusion of HYTRON units in a major institutional setting also serves as a high-visibility commercial reference deployment for Primech AI’s expanding robotics platform. Digitalized, Data-Driven Service Model Operations across both campuses will be supported by digitalized management systems, incorporating: Real-time monitoring and performance dashboards Data-driven scheduling and manpower optimization Workflow automation Performance analytics and reporting This integrated model allows Primech to operate complex, high-traffic institutional environments with greater transparency, accountability, and sustainability alignment. Institutional Momentum and Long-Term Positioning These contract awards reinforce Primech Holdings’ established presence in Singapore’s institutional and public-sector markets while accelerating the Company’s broader strategy of integrating robotics and AI into core facilities operations. Management continues to focus on: Expanding recurring, multi-year service contracts Scaling robotics integration across large mandates Strengthening operating efficiency through automation Enhancing long-term shareholder value through disciplined growth The Company believes that the convergence of labor scarcity, rising compliance standards, and institutional demand for measurable service performance continues to create favorable structural tailwinds for technology-enabled facilities providers. 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. 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