SINGAPORE, July 24, 2024 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company"), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, today announces its financial results for fiscal year ended March 31, 2024. Mr. Kin Wai Ho, Chief Executive Officer of Primech, commented, "Primech is pleased to report strong financial results in our first year as a public company, with increased revenues for fiscal year 2024. Our future looks very promising; we have amassed $144.4 million in future contracted revenues, demonstrating the continued demand for our services, and our recently announced Pr

SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced that its subsidiary Primech A&P Pte. Ltd. ("Primech A&P") has been recognized at the prestigious LOO (Let's Observe Ourselves) Awards 2024, earning accolades that highlight Primech A&P's excellence in cleaning and hygiene standards. The LOO Awards, organized by the Restroom Association (Singapore) (RAS), recognize organizations and individuals who excel in promoting and maintaining high restroom cleanliness standards. Award criteria include innovative restroom desig

SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited (NASDAQ:PMEC), unveiled its strategic expansion plans for HYTRON, its AI-powered public toilet cleaning robot. As the global cleaning market is projected to reach approximately $74 billion by 2025, Primech AI is poised to capture a significant market share with its innovative solutions. "Our vision at Primech AI is to revolutionize how we think about and manage cleaning in public spaces globally," said Charles Ng, Vice President of Innovation and Technology at Primech Holdings and Co-Founder COO of Primech AI. "With the launch of HYTRON, we are introducing a pioneering product that

   SINGAPORE, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company") and its subsidiary, Primech AI, are pleased to announce new strategic partnerships with Unity Group Holdings International Limited (1539.HK) ("Unity Group"), a renowned provider of energy solutions listed on the Hong Kong Stock Exchange. These partnerships, formalized through separate Memorandums of Understanding (MOUs), aim to harness Unity Group's energy expertise and Primech AI's robotic innovations to drive sustainability and technological advancements in their respective fields. Unity Group (https://www.unitygroup.eco) operates in over 20 countries, offering

Total Value Exceeding SG$5.6 million (US$4.3 million) SINGAPORE, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company"), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, is excited to announce several newly signed contracts, signaling robust growth and expanding opportunities across multiple sectors. With a total value exceeding SG$5.6 million (US$4.3 million), these new agreements underscore Primech's ongoing commitment to delivering exceptional facility services that consistently exceed each client's and sector's unique demands. The latest contract wins

SINGAPORE, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company"), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, proudly announces the nomination of operating subsidiary Primech A & P Pte. Ltd. ("Primech A & P") as a finalist for The Singapore Apex Corporate Sustainability Awards (the "Awards") in the category of "LowCarbonSG," which recognizes businesses that have achieved at least 5% improvement in Scope 1 and 2 carbon emissions over the past 24 months through a commendable level of effort and/or investment. The Awards are organized by the UN Global Compac

SINGAPORE, July 24, 2024 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company"), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, today announces its financial results for fiscal year ended March 31, 2024. Mr. Kin Wai Ho, Chief Executive Officer of Primech, commented, "Primech is pleased to report strong financial results in our first year as a public company, with increased revenues for fiscal year 2024. Our future looks very promising; we have amassed $144.4 million in future contracted revenues, demonstrating the continued demand for our services, and our recently announced Pr

Primech AI to Showcase Cutting-Edge AI Cleaning Technology at the 2024 CleanEnviro Summit Singapore (CESG) SINGAPORE, June 13, 2024 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company"), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, is pleased to announce the launch of Primech AI Pte. Ltd. ("Primech AI") as an operating subsidiary that will focus on creating robotic-based solutions catering to the vast demands for efficient and autonomous cleaning technology. Primech AI consists of eleven employees, led by Charles Ng, Vice President of Innovation and Technology at

SINGAPORE, May 17, 2024 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company"), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, today announces that it received a delinquency notification letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on May 14, 2024 indicating that the Company is not currently in compliance with the minimum bid price requirement set forth in Nasdaq's Listing Rules for continued listing on the Nasdaq Capital Market, as the closing bid price for the Company's ordinary shares listed on the Nasdaq Capital

SINGAPORE, May 01, 2024 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company"), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, has engaged Strategic Investor Relations, a premier investor relations firm, to enhance Primech's visibility in the financial community and support its ongoing efforts to engage and educate current and potential investors about the company's growth and strategic initiatives. With this new partnership, Primech aims to refine its communication strategies and investor relations activities to ensure stakeholders are fully informed and engaged with the com

SINGAPORE, March 28, 2024 /PRNewswire/ -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company"), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, provides a financial and corporate update coincident with the filing of the Company's financial results for the six months ended September 30, 2023. These financial results are for periods prior to the Company's initial public offering ("IPO") in October of 2023. Financial Highlights: Revenue was approximately $35.2 million for the six months ended September 30, 2023, representing a 7.5% increase from the same period in 2022;Gross Profit Margin increased fr

SC 13D/A - Primech Holdings Ltd (0001891944) (Subject)

SC 13D - Primech Holdings Ltd (0001891944) (Subject)

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The receipt of the Notice has no immediate effect on the Company's business operations or the listing of the Company's ordinary shares, which will continue to trade uninterrupted on the Nasdaq under the ticker "PMEC." Pursuant to the Notice, the Company has until November 11, 2024 to regain compliance with the minimum bid price requirement, during which time the Company's ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time before November 11, 2024, the bid price of the Company's ordinary shares closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance to the Company. In the event th