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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, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI"), a subsidiary of Primech Holdings Limited (NASDAQ:PMEC), proudly announces the signing of three important pilot program agreements for its groundbreaking HYTRON AI-powered cleaning robots. These agreements with established Singapore-based cleaning companies, including a leading provider of facilities and industrial services operating across Singapore, China, and Malaysia, represent a major expansion of Primech AI's market presence and a solid vote of confidence in its advanced AI technology. These agreements involve deploying HYTRON units across various sectors, showcasing the versatility and efficiency of t

(Doris Lee of Primech A&P proudly receives the award on stage for exemplary management and outstanding upkeep of Newton Food Centre's public facilities) SINGAPORE, Jan. 22, 2025 (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 awarded the prestigious ASEAN Public Toilet Award for its exceptional management of Newton Food Centre's public facilities. The award was presented at the ASEAN Tourism Forum held in Johor, Malaysia, on January 20, 2025. The ASEAN Public Toilet Aw

SINGAPORE, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI"), a subsidiary of Primech Holdings Limited (NASDAQ:PMEC), today announced the integration of advanced NVIDIA technology in its latest HYTRON bathroom cleaning robot. This enhancement underlines Primech AI's commitment to leveraging cutting-edge technology to refine and advance its robotic solutions. The new HYTRON model incorporates the NVIDIA Jetson Orin Super, a state-of-the-art System-on-Module (SoM) designed for robust edge AI and robotics applications. Known for its compact size and powerful AI capabilities, the NVIDIA Jetson Orin Super facilitates high-energy efficiency and superior AI processing at t

SINGAPORE, Jan. 07, 2025 (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 secured a series of significant new contracts and renewals across various sectors, reinforcing its position as a leading provider of integrated facility services in Singapore and beyond. These contracts are valued at over USD$3.8 million. Notable New Contracts and Renewals: Residential Sector: Primech A&P continues strengthening its foothold in the condominium management sector with multiple contract rene

  Revolutionizing Cleanliness with Fully Automated AI-Powered Cleaning Robotic Solutions in Japan SINGAPORE, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI"), a subsidiary of Primech Holdings Limited (NASDAQ:PMEC) has signed a Memorandum of Understanding (MoU) with Golden Rim Investment Limited, a leading Japanese hotel owner overseeing three hotels with approximately 260 rooms. The MoU provides for the pilot deployment of HYTRON, an AI-powered, fully automated toilet-cleaning robot, in selected hotels in Hakata, Kagoshima, and Sapporo. Under the MoU, Primech AI will supply and install HYTRON robots in designated facilities in the three hotels, adhering to a join

SINGAPORE, Nov. 27, 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, announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is eligible for an additional 180 calendar day period, or until May 12, 2025, to regain compliance with the Nasdaq's minimum $1 bid price per share requirement. The Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2) on May 14, 2024, and was given until Nove

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