PMEC
Primech Holdings Ltd

3,893
Mkt Cap
$26.89M
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23,291.00
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$2.44
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$0.60
PE Ratio
-13.51
PMEC Fundamentals
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$0.70
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$0.6884
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$0.6729
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$0.8144
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0.00
Avg. Volume
166,297.00
EPS (Annual)
-$0.0517
P/B
1.81
Rev/Employee
$26,496.44
$34.34
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CBM Partners with Primech AI to Deploy Smart Cleaning Robots Across Singapore Facilities
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
GlobeNewswire·8d ago
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What's Behind The Jump In Primech Holdings?
Primech Holdings shares are trading higher after securing about $33 million in multi-year service contracts with a Singaporean university.read more...
Benzinga·15d ago
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Primech Holdings Secures Approximately US$33 Million in Multi-Year Institutional Contracts, Expanding Recurring Revenue and Robotics Deployment
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
GlobeNewswire·15d ago
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Primech Holdings Secures Approximately US$5.02 Million in Multi-Year Residential Cleaning Contracts, Expanding Recurring Revenue Base
Strengthening Recurring Revenue Base Through Multiple Multi-Year Residential Contract Awards. SINGAPORE, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC), an established technology-driven facility services provider servicing public and private sectors primarily in Singapore, today announced that its subsidiary Primech A & P Pte. Ltd. (“Primech A & P”) has successfully secured a series of new residential cleaning and waste management service contracts with a total estimated value of approximately US$5,02 million. The newly awarded contracts comprise a mix of one-year, two-year, and three-year agreements, strengthening the Company’s recurring revenue base and enhancing forward revenue visibility. The scope of work includes comprehensive cleaning services and waste disposal management for multiple established residential developments across Singapore, further reinforcing Primech A & P’s position in the residential facilities management segment. Primech A & P has secured a diversified pipeline of residential contracts totaling approximately US$5.02 million, comprising: • Two three-year agreements valued at approximately US$1.08 million and US$1.24 million • One two-year agreement valued at approximately US$470,640 • Seven one-year agreements ranging from approximately US$193,584 to US$443,911 each This balanced contract duration profile enhances revenue stability and strengthens Primech A & P’s recurring income base over the next three financial years, supporting greater earnings visibility and financial resilience. These contract awards reflect continued confidence in Primech A & P’s operational execution, service reliability, and established presence within Singapore’s competitive residential facilities management sector. The wins further reinforce the Company’s reputation as a trusted service partner, supported by scalable manpower management capabilities, disciplined cost management, and consistent quality control standards. Driving Sustainable Growth With Singapore’s residential property sector continuing to generate steady demand for outsourced facilities management services, Primech Holdings Limited remains well positioned to capture incremental contract opportunities with both new and existing developments. The Company continues to invest in workforce training, operational efficiency initiatives, and service innovation to enhance productivity and support disciplined, scalable expansion. The newly secured contracts enhance Primech Holdings’ earnings visibility over the next three financial years and strengthen the Group’s recurring revenue base, providing a more stable foundation for sustainable growth and long-term shareholder value creation. 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
GlobeNewswire·22d ago
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Primech AI Concludes CES 2026 With Strong Enterprise Engagement and Global Demand Signals for Hytron
Press Releases·2mo ago
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Primech AI Concludes CES 2026 With Strong Enterprise Engagement and Global Demand Signals for Hytron
Award recognition, curated media inclusion, and qualified leads from 23 countries reinforce U.S. commercialization momentum for Primech’s autonomous robotics platform LAS VEGAS, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Ltd. (Nasdaq: PMEC) today provided a recap of its participation at CES 2026, where Hytron, the company’s flagship autonomous restroom cleaning robot developed by Primech AI, generated strong interest from enterprise facility operators, property managers, analysts, investors, and strategic partners evaluating next-generation automation solutions. Notably, a portion of enterprise attendees traveled to CES specifically to evaluate Hytron in person, including decision-makers from markets such as Canada, Mexico, Israel, and across the United States reflecting intentional interest beyond general exhibition traffic. CES 2026 brought together more than 4,100 exhibitors and over 148,000 attendees, including approximately 6,900 members of the global media, underscoring the scale and competitiveness of the event. Against this backdrop, Hytron received multiple forms of third-party validation, reinforcing its positioning as an enterprise-ready automation platform addressing labor-intensive facility operations. During the show, Hytron was named a TechRadar Pro CES Picks Award winner, recognizing the system’s real-world applicability, commercial readiness, and potential to transform hygiene operations in high-traffic commercial environments. Hytron was also featured in a curated CES floor tour segment on Havas Super Stream, a global platform highlighting technologies shaping the future of enterprise operations, infrastructure, and urban environments, and was covered across multiple additional media platforms through on-site interviews with international outlets, including discussions with media from markets such as South Korea, Hong Kong and Canada. Throughout CES 2026, Primech conducted live demonstrations of Hytron’s autonomous capabilities, including AI-powered navigation, robotic precision, and proprietary cleaning technology delivering greater than 99% bacterial reduction. Demonstrations and meetings at the company’s booth engaged decision-makers from healthcare systems, hospitality groups, transportation hubs, and large commercial venues seeking scalable solutions to address labor shortages, rising operating costs, and heightened hygiene standards. In parallel, Primech engaged with a highly qualified, global audience, capturing more than 350 leads across 23 countries. The majority of engagement came from senior enterprise decision-makers, including C-suite executives, vice presidents, directors, and facilities and operations leaders responsible for large commercial portfolios. Engagement also included analysts, investors, strategic partners, and U.S. policymakers, reflecting broader interest in Primech’s autonomous robotics platform and U.S. commercialization strategy. Discussions focused on proof-of-concept pilots, deployment timelines, and commercial rollout strategies, underscoring Hytron’s readiness for real-world adoption. “CES 2026 marked an important milestone for Primech as we deepened engagement with enterprise customers in the United States, one of our core strategic markets,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings. “The combination of third-party recognition, curated visibility, and high-quality commercial discussions reinforced our confidence in Hytron’s market readiness and the role autonomous robotics will play in modern facility operations.” Primech’s CES participation follows a series of recent milestones, including a $4.0 million strategic investment from WELLE Environmental Group, a 200-unit fleet commitment with Swan Hygiene Solutions, a subsidiary of Savills, for deployment across Hong Kong and Macau, and expanding pilot deployments across Singapore. As the company prepares to begin mass production of Hytron in the first quarter of 2026, Primech is actively engaging enterprise customers through proof-of-concept pilot programs and is accepting preorders for commercial deployments. About Hytron Hytron is a fully autonomous AI-powered restroom cleaning robot developed by Primech AI to modernize commercial hygiene operations. The platform delivers consistent, repeatable sanitation across toilets, urinals, sinks, mirrors, and floors while reducing labor dependency and operational variability in high-traffic environments. 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 (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. For further enquiries, please contact: Primech Holdings Limited: Email: ir@primech.com.sg General Enquiries: directenquiries@primech.ai Investors: partnerships@primech.ai
GlobeNewswire·2mo ago
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Primech AI's Hytron Featured in Havas Media Network's CES 2026 Super Stream, Reaching Global Enterprise Audience
Curated inclusion by Havas Media Network highlights Hytron’s relevance to enterprise automation and U.S. commercial deployment
Press Releases·2mo ago
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Primech AI’s HYTRON Fully Autonomous AI-Powered Restroom Cleaning Robot Wins TechRadar Pro Picks Award at CES 2026
Recognition validates HYTRON's position as a breakthrough innovation in autonomous facility management, reinforcing Primech Holdings' leadership in AI-powered robotics
Press Releases·2mo ago
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Primech AI’s HYTRON Fully Autonomous AI-Powered Restroom Cleaning Robot Wins TechRadar Pro Picks Award at CES 2026
Recognition validates HYTRON's position as a breakthrough innovation in autonomous facility management, reinforcing Primech Holdings' leadership in AI-powered robotics LAS VEGAS, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. (“Primech AI”), a subsidiary of Primech Holdings Ltd. (Nasdaq: PMEC), today announced that its flagship HYTRON Fully Autonomous AI-Powered Restroom Cleaning Robot has been named a TechRadar Pro Picks Award winner at CES 2026, the world’s most influential technology event. The award, presented by TechRadar Pro in partnership with TWICE and Residential Systems, recognizes products expected to deliver meaningful real-world impact and shape the future of commercial and enterprise technology. The recognition validates HYTRON’s commercial potential and reinforces Primech Holdings’ positioning as it accelerates adoption across the U.S. commercial cleaning market, estimated at approximately $76.7 billion. CES 2026 brought together more than 4,100 exhibitors and over 148,000 attendees, including approximately 6,900 members of the global media, underscoring the scale and competitiveness of the event. HYTRON was selected from hundreds of exhibitors for its differentiated approach to one of facility management’s most persistent challenges, maintaining consistent hygiene standards in high-traffic restrooms while addressing ongoing labor shortages and rising operational costs. The TechRadar Pro Picks Award highlights growing industry recognition of autonomous robotics as a transformational solution for enterprise facility operations. “Winning the TechRadar Pro Picks Award at CES 2026 is a strong validation of the years of research and development behind HYTRON and its readiness for commercial deployment,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings. “The United States represents one of the largest and most sophisticated markets for facility automation, and CES provided an important platform to engage enterprise customers actively evaluating autonomous solutions. Recognition from a leading global technology media platform reinforces our conviction that HYTRON defines a new category of intelligent facility automation, delivering measurable hygiene outcomes, reducing labor dependency, and supporting the sustainability and operational priorities of modern enterprises.” HYTRON made its North American debut at CES 2026, held January 6–9 at the Las Vegas Convention Center, where it demonstrated its full suite of autonomous capabilities. These include AI-powered navigation, six-degree-of-freedom robotic arm precision, and proprietary ozone-enhanced electrolyzed water technology that has achieved greater than 99% bacterial reduction, consistent with hospital-grade disinfection benchmarks. HYTRON autonomously cleans toilets, urinals, sinks, mirrors, and floors without human intervention, generating strong interest from enterprise facility operators, hospitality groups, healthcare institutions, and large venue operators. The CES 2026 recognition follows a series of strategic milestones for Primech Holdings, including a $4.0 million strategic investment from WELLE Environmental Group, a 200-unit fleet commitment with Swan Hygiene Solutions, a subsidiary of Savills, for deployment across Hong Kong and Macau, and expanding pilot deployments across Singapore, including a leading hospital and multiple commercial facilities. As Primech prepares to begin mass production of HYTRON in the first quarter of 2026, the company is actively engaging enterprise customers through proof-of-concept pilot programs and is now accepting preorders for commercial deployments. About the TechRadar Pro Picks Awards The TechRadar Pro Picks Awards, presented annually at CES in partnership with TWICE and Residential Systems, honor the most innovative and impactful products unveiled at the Consumer Electronics Show. Winners are selected based on their expected influence on the consumer technology industry. For more information, visit techradarpro.com. 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 (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. For further enquiries, please contact: Primech Holdings Limited: Email: ir@primech.com.sg General Enquiries: directenquiries@primech.ai Investors: partnerships@primech.ai
GlobeNewswire·2mo ago
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Primech Holdings Receives $4.0 Million Strategic Investment from WELLE Environmental Group to Support Robotics Expansion and Facilities Growth
Investment to expand robotics research and development, strengthen production readiness, and advance Primech Holdings’ facilities management operations SINGAPORE, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Ltd. (Nasdaq: PMEC), a technology-driven facilities services and robotics company, today announced a $4.0 million strategic investment from WELLE Environmental Group Co., Ltd. (SZSE: 300190), reinforcing Primech’s acceleration into autonomous robotics, AI-powered cleaning systems, and scaled global facilities operations. The investment highlights growing market confidence in Primech Holdings’ long-term growth strategy and its expanding role at the intersection of autonomous robotics and technology-enabled facilities services. Leveraging the deep operational expertise of its facilities services subsidiary, Primech A&P Pte. Ltd., alongside its robotics subsidiary, Primech AI Pte. Ltd., the capital will support accelerated robotics development, enhanced production capabilities, and the continued commercialization of Hytron, Primech’s flagship autonomous restroom cleaning robot. “This investment validates the momentum we are building across autonomous robotics and intelligent facilities operations,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings. “Partnering with WELLE strengthens our ability to scale faster, deploy more broadly, and execute on the growing demand for AI-powered automation in real-world environments. We are entering 2026 with a clear strategy, strong execution capabilities, and the capital to accelerate growth across international markets.” Proceeds from the investment are expected to be deployed to expand robotics research, development, and production capacity, strengthen operational and manufacturing readiness, and support broader deployment of Hytron across commercial environments. The investment will also bolster working capital to support the continued expansion of Primech Holdings’ core facilities management business. The transaction further deepens the strategic alignment between Primech Holdings and WELLE, building on their previously announced cooperation initiatives in robotics and intelligent operations. By combining Primech’s autonomous robotics platform and facilities expertise with WELLE’s environmental technology footprint and operational scale, the collaboration is positioned to accelerate intelligent automation and sustainable infrastructure solutions across industrial and commercial markets. Additional details regarding the investment are included in Primech Holdings’ Form 6-K filed with the U.S. Securities and Exchange Commission on January 6, 2026. About WELLE Environmental Group Co., Ltd. WELLE Environmental Group Co., Ltd. (300190.SZ) is a technologically advanced enterprise specializing in energy conservation and environmental protection. With strong core technical capabilities and continuous innovation, WELLE operates across environmental governance and bioenergy sectors, including food waste and kitchen waste resource utilization, high-concentration wastewater treatment, biogas and biomethane development, and biofuel production. With extensive project experience and diversified application scenarios, WELLE is committed to promoting energy efficiency, carbon reduction, and circular resource utilization. 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 (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. For further enquiries, please contact: Primech Holdings Limited: Email: ir@primech.com.sg General Enquiries: directenquiries@primech.ai Investors: partnerships@primech.ai
GlobeNewswire·2mo ago
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