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SELLAS Life Sciences Group, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of immunotherapeutic for cancer indications. Its product pipeline includes galinpepimut-S. The company was founded by Angelos M. Stergiou on April 3, 2006 and is headquartered in New York, NY.

SELLAS Life Sciences Group Inc

SELLAS is drawing attention after its CEOs anniversary message prompted renewed speculation about a potential buyout, alongside anticipation for the final analysis of its Phase 3 REGAL leukemia trial, which requires 80 events and was last reported at 78. Traders disagree on whether the message and prolonged trial timeline signal favorable data or a deal; neither a buyout nor a trial outcome has been confirmed.

United States Oil Fund LP - United States Oil Fund

United States Oil Fund

USO is drawing attention as crude rises amid reported Middle East shipping and energy-infrastructure attacks, fueling concerns about oil-supply disruptions. Traders are divided over whether geopolitical risks will keep prices elevated or whether Iran-US deal headlines and Russian supply relief will unwind the risk premium; some also question the reliability of the headlines.

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

CoreWeave Inc. - Ordinary Shares - Class A

CoreWeave Inc

CoreWeaves steep selloff is drawing attention amid HSBCs bearish assessment and concerns about heavy debt, borrowing costs and access to financing for its AI infrastructure expansion. Traders are divided between expecting further downside and betting on a rebound or short squeeze; some bulls point to reported GPU price increases as evidence of demand and pricing power.

IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada. IREN’s large-scale, grid-connected facilities are purpose-built for the next generation of power-dense computing applications. The company was founded by Daniel Roberts and William Roberts on November 6, 2018, and is headquartered in Sydney, Australia.

IREN Ltd.

IREN Limited

IREN is drawing attention amid a sharp selloff and weak performance versus peers as traders debate neocloud financing risks and broader concerns about AI infrastructure spending. The co-CEOs statement that data centers carry no debt and customer prepayments help fund GPU costs has reassured some investors, while others remain concerned about execution and the stocks continued weakness.

Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It enables peer-to-peer electronic cash transactions without intermediaries like banks or governments, operating on a blockchain secured by Proof of Work mining and the SHA-256 cryptographic algorithm.   With a fixed supply cap of 21 million coins and programmatic halvings every four years that reduce miner rewards, Bitcoin is designed as a deflationary digital asset often called "digital gold." Its value stems from solving the double-spending problem without trusted intermediaries, creating the first truly scarce digital asset with censorship resistance and permissionless access that no government, corporation, or individual can control.  Bitcoin operates as a decentralized peer-to-peer network where transactions are recorded on a public ledger called the blockchain, distributed across thousands of computers globally. Transactions are grouped into blocks added approximately every 10 minutes through mining, where specialized computers compete to solve complex mathematical puzzles.   Bitcoin has achieved mainstream adoption through multiple vectors. The January 2024 SEC approval of 11 spot Bitcoin ETFs opened Bitcoin investment to traditional finance participants, and corporations like Strategy (formerly MicroStrategy) are using Bitcoin as a treasury reserve asset to protect against currency debasement, offering MSTR holders amplified exposure to Bitcoin.   The Bitcoin ecosystem continues to evolve with innovations like Ordinals, which emerged in January 2023 to enable NFT-like functionality directly on Bitcoin, and BRC-20 tokens, an experimental standard for creating fungible tokens using Ordinal inscriptions. BTCFi (Bitcoin Finance) represents emerging financial applications extending beyond Bitcoin's traditional role, with protocols like Babylon allowing Bitcoin holders to stake BTC to secure Proof of Stake chains.

Bitcoin

Bitcoins rebound from recent lows and its struggle to clear near-term resistance are driving discussion, with traders debating whether the move can extend or fade into another pullback. Bulls see potential for a short squeeze, while skeptics call the bounce a trap and point to weak demand and macro uncertainty.

BioCryst Pharmaceuticals, Inc. is a biotechnology company. It engages in the provision of structure-guided drug design with the goal of developing oral small-molecule and protein therapeutics to target difficult-to-treat rare diseases. The company was founded by William M. Spencer III, Charles E. Bugg, and John A. Montgomery in 1986 and is headquartered in Durham, NC.

Biocryst Pharmaceuticals Inc.

BCRX is drawing attention for persistent share-price underperformance and widespread frustration with managements shift toward external acquisitions and pipeline investment, which critics fear could add debt and dilution. Bulls point to Orladeyos revenue and upcoming Netherton and Navenibart data, while bearish traders question whether those prospects can restore confidence.

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+, and TMTG News. It operates through the Media and Truth.Fi segments. The Media segment includes products and services such as advertisement through the Truth Social platform. The Truth.Fi segment relates to customized exchange-traded funds or exchange-traded products invested in America First principles, and bitcoin and similar cryptocurrencies or crypto-related securities. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

Trump Media & Technology Group Corp.

DJTs slide to record lows has focused discussion on waning confidence in Trump ahead of the midterms and concerns about Truth Socials engagement and the companys underlying business. Bearish traders see room for further declines, while some view the selloff as an opportunity for a short-term bounce.

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It offers cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. The company was founded in 1966 and is headquartered in Miami, FL.

Norwegian Cruise Line Holdings Ltd

Norwegians improved Q3 outlook and reaffirmed 2026 forecast, alongside Carnivals strong results and raised guidance, have lifted cruise-sector sentiment and sparked a move in NCLH. Traders are optimistic about a catch-up rally and possible short covering, while some remain cautious about NCLH lagging peers and ongoing fuel-cost and management concerns.

Invesco QQQ Trust Series 1 - Invesco QQQ Trust Series 1

Unconfirmed reports of a possible US-Iran dealand a pullback in oil pricesare widely cited as drivers of QQQs sharp rebound and volatile swings. Traders disagree over whether the rally is durable or a headline-driven bull trap, while upcoming big-tech earnings and AI-sector weakness add uncertainty.

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games. The E-Commerce segment manages a third-party marketplace through the Shopee mobile app and websites that connect buyers and sellers. The Digital Financial Services segment includes a variety of payment services and loans to individuals and businesses through SeaMoney. Sea was founded by Xiao Dong Li, Gang Ye, and Jing Ye Chen on May 8, 2009 and is headquartered in Singapore.

Sea Ltd - ADR

Seas plans to pursue a public listing for financial-services arm Monee and launch an AI enterprise platform are drawing attention, but traders are divided over whether the separation could unlock value or leave SE with less attractive businesses; some also question whether existing shareholders would receive Monee shares. The discussion is amplified by SEs sharp selloff and concerns about insider sales and managements lack of buybacks, though traders disagree on what is driving the decline.

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Primech Holdings (Nasdaq: PMEC) Announces Primech AI’s HYTRON Exhibition at CLEAN KOREA 2026 with Exclusive South Korean Distributor NCM

HYTRON to Be Showcased at Hall 10, Booth J15 from October 21–23, Supporting Primech AI’s Commercial Expansion in South Korea
Key Facts At-a-Glance
  
Who: Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), in partnership with NCM Co., Ltd., HYTRON's exclusive distribution partner in South Korea.
  
What: Exhibition of HYTRON, Primech AI's autonomous AI-powered restroom-cleaning robot, at CLEAN KOREA 2026, with opportunities for prospective customers to enquire about consultations and proof-of-concept (PoC) trials.
  
When: October 21–23, 2026. HYTRON is currently undergoing Korean product certification (KC), with commercial availability in South Korea expected from Q1 2027.
  
Where: KINTEX Exhibition Center 2, Hall 10, Booth J15, South Korea.
  
Why It Matters: The exhibition strengthens Primech AI's presence in South Korea through its exclusive local distribution partnership with NCM, supporting customer engagement and potential deployment opportunities ahead of HYTRON's anticipated commercial availability.
  
SINGAPORE, Oct.  20, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), a Singapore-headquartered technology-driven facilities services and AI robotics group, today announced that its subsidiary, Primech AI Pte. Ltd. (“Primech AI”), will showcase its flagship autonomous restroom-cleaning robot, HYTRON, in partnership with NCM Co., Ltd. (“NCM”), HYTRON's exclusive distribution partner in South Korea, at CLEAN KOREA 2026.
  
The exhibition will take place from October 21 to 23, 2026, at KINTEX Exhibition Center 2, Hall 10, South Korea. Visitors can meet the team at Booth J15 to explore HYTRON’s autonomous cleaning capabilities and its applications across commercial and institutional facilities.
  
Participation alongside NCM supports Primech AI’s strategy to expand HYTRON’s international presence through local distribution partnerships, connecting its robotics technology with prospective customers and deployment opportunities in the South Korean market.
  
Expanding HYTRON’s International Market Presence
  
The CLEAN KOREA exhibition builds on HYTRON’s international showcases at CMS Berlin 2025 in Germany, the Japan Build Tokyo 2025 Building Maintenance & Clean Expo in Japan, and CES 2026 in Las Vegas, as Primech AI continues to develop commercial opportunities across key markets.
  
Bringing together professionals from the cleaning, hygiene, facilities management and housing management sectors, CLEAN KOREA provides a platform for Primech AI and NCM to engage facility operators, cleaning service providers and other prospective customers.
  
Through its partnership with NCM, Primech AI aims to strengthen local market engagement, develop customer relationships, and explore deployment opportunities. This approach combines Primech AI’s robotics capabilities with its distribution partner’s local market knowledge to support HYTRON’s commercialisation.
  
HYTRON is currently undergoing Korean product certification (KC), with commercial availability in South Korea expected from the first quarter of 2027. At CLEAN KOREA 2026, NCM will engage prospective customers and accept enquiries for consultations and potential proof-of-concept (PoC) trials, supporting early market engagement ahead of commercial availability.
  
For Primech, expanding HYTRON’s adoption represents an opportunity to build a scalable robotics business alongside its established facilities services operations. Longer-term robot deployment and service relationships offer the potential to broaden the Group’s recurring-revenue base as its international robotics business develops.
  
Intelligent Automation for Commercial Restroom Cleaning
  
HYTRON is a fully autonomous AI-powered restroom-cleaning robot designed to clean toilets, urinals, wash basins, sinks, floors and mirrors. Combining intelligent navigation with robotic manipulation, HYTRON automates repetitive cleaning tasks to support consistent hygiene standards and improve workforce productivity.
  
The robot’s autonomous capabilities include self-charging and automatic water refilling and discharge, reducing the need for continuous human intervention during routine operations. Its monitoring and reporting capabilities also provide facility operators with greater visibility into cleaning performance.
  
Built for demanding commercial environments, HYTRON addresses a practical operational need: helping facility operators maintain restroom hygiene while enabling cleaning teams to focus on other essential responsibilities.
  
Management Commentary
  
“South Korea is an important market in our international robotics growth strategy, and our partnership with NCM gives us a local platform to connect HYTRON with prospective customers,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited. “CLEAN KOREA brings together the industry professionals who evaluate, procure and operate cleaning solutions, making it a valuable opportunity to demonstrate HYTRON’s relevance to their facilities.”
  
“Our focus is on translating international interest into customer relationships and sustainable commercial opportunities. By combining our facilities services experience, autonomous cleaning technology and local distribution partnerships, we aim to expand HYTRON’s adoption and build a robotics business that contributes to long-term shareholder value.”
  
Exhibition Details
  
Event: CLEAN KOREA 2026
Dates: October 21–23, 2026
Venue: KINTEX Exhibition Center 2, Hall 10, South Korea
Booth: J15
Exhibition Partner: NCM Co., Ltd. (Exclusive Distribution Partner in South Korea)
Featured Solution: HYTRON autonomous restroom-cleaning robot
Event Website: https://www.cleankorea.org/en

  
About Primech AI
  
Primech AI develops autonomous robotics solutions for the facilities services industry. Its flagship robot, HYTRON, combines AI-powered navigation and robotic manipulation to automate commercial restroom cleaning. Drawing on the Group’s facilities services experience, Primech AI focuses on practical automation that supports hygiene standards, workforce productivity and operational efficiency. For more information, visit https://primech.ai.
  
About Primech Holdings Limited
  
Primech Holdings Limited (Nasdaq: PMEC) is a Singapore-headquartered technology-driven facilities services and AI robotics group with operations in Singapore and Hong Kong. Through its subsidiaries, the Group provides cleaning, facilities maintenance, stewarding, waste management and pest control services to public and private sector clients.
  
Through its subsidiary Primech AI, the Group develops HYTRON, an autonomous restroom-cleaning robot that combines AI perception with robotic manipulation. The Group also operates HomeHelpy, a consumer home-services booking platform.
  
Primech Holdings was incorporated in 2020 and listed on the Nasdaq Capital Market in October 2023. For more information, visit investor.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including statements regarding the Company’s exhibition participation, international expansion, distribution partnerships, HYTRON’s Korean product certification process, expected commercial availability, commercialisation and adoption, potential deployment and service relationships, recurring-revenue opportunities and future growth. These statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations, projections and assumptions.
  
Forward-looking statements may be identified by words such as “may,” “will,” “expect,” “anticipate,” “aim,” “intend,” “plan,” “believe,” “potential” and similar expressions. Actual results may differ materially from those expressed or implied. Investors should review the risks and uncertainties described in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update or revise these statements except as required by law.
  
Investor Relations
  
Primech Holdings Limited
ir@primechholdings.com
www.primechholdings.com
  
Media & Business Enquiries in South Korea
  
NCM Co., Ltd.
DJ Lee, Director
djlee@go-ncm.com

Primech Holdings (Nasdaq: PMEC) to Present at LD Micro Main Event XX in Los Angeles; Company Presentation on October 21, 2026 With One-on-One Investor Meetings October 19 to 21

Company executives to present Primech’s recurring-revenue facilities services base and its robotics platform strategy, including HYTRON and the Primech Vision platform unveiled on October 1, 2026, to institutional and retail investors
Key Facts At-a-Glance
  
Who: Primech Holdings Limited (Nasdaq: PMEC), a Singapore-headquartered technology-driven facilities services and AI robotics group, represented by Company executives, at LD Micro Main Event XX, hosted by LD Micro, a wholly owned subsidiary of Freedom US Markets.
What: A company presentation and one-on-one investor meetings on each of the conference’s three days.
When: Presentation on Wednesday, October 21, 2026 at 2:30 PM Pacific Time; the conference runs October 19 to 21, 2026.
Where: Luxe Sunset Boulevard Hotel, 11461 Sunset Boulevard, Los Angeles, California; live webcast at https://ldmicroevents.com/.
Why it matters: Direct investor access to Primech’s two growth engines: a recurring-revenue facilities services business and a robotics platform strategy anchored by HYTRON, the Company’s autonomous restroom-cleaning robot, and Primech Vision, the multi-robot coordination platform now piloting at the Company’s Singapore headquarters.
How much: US$78.0 million in revenue for the fiscal year ended March 31, 2026; approximately US$177.7 million in estimated contracted revenues for future fulfillment as of March 31, 2026; a US$5.78 million three-year integrated facility services contract announced September 17, 2026; 45 robots from the Primech fleet contracted for deployment under multi-year institutional contracts announced March 5, 2026.
  
SINGAPORE, Oct.  13, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), a technology-driven facilities services and AI robotics group, today announced that Company executives will present at LD Micro Main Event XX, the 20th annual investor conference hosted by LD Micro, a wholly owned subsidiary of Freedom US Markets, on Wednesday, October 21, 2026 at 2:30 PM Pacific Time at the Luxe Sunset Boulevard Hotel in Los Angeles, California. The presentation gives institutional and retail investors direct access to the two engines behind Primech’s growth strategy: a recurring-revenue facilities services business that generated US$78.0 million in revenue in the fiscal year ended March 31, 2026, and a robotics platform strategy anchored by HYTRON, the Company’s autonomous restroom-cleaning robot, and Primech Vision, the multi-robot coordination platform unveiled on October 1, 2026, which the Company expects to be primary drivers of long-term shareholder value.
  
Company executives will also hold one-on-one meetings with investors throughout the conference, which runs October 19 to 21, 2026. A live webcast of the presentation will be available at https://ldmicroevents.com/.
  
Presentation Details
  
Event: LD Micro Main Event XX
  
Date: Wednesday, October 21, 2026
  
Time: 2:30 PM Pacific Time
  
Presenters: Company executives
  
Format: Company presentation, with one-on-one investor meetings available October 19 to 21
  
Location: Luxe Sunset Boulevard Hotel, 11461 Sunset Boulevard, Los Angeles, California 90049
  
Webcast: https://ldmicroevents.com/
  
Milestones to Be Presented
  
The presentation will cover Primech’s evolution from an established Singapore facilities services operator into an AI robotics platform company. Milestones to be covered include:
  
Fiscal 2026 results: US$78.0 million in revenue for the fiscal year ended March 31, 2026, up 4.9% from US$74.3 million in fiscal 2025, with facilities services accounting for 82.0% of revenue, as reported in the Company’s annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (SEC) on July 29, 2026, with financial statements audited by Weinberg & Company, P.A.
Contracted revenue base: approximately US$177.7 million in estimated contracted revenues for future fulfillment as of March 31, 2026, as reported in the same Form 20-F.
Recent contract wins: a three-year integrated facility services contract with a financial services group in Asia valued at approximately S$7.36 million (US$5.78 million), announced September 17, 2026; approximately US$36.1 million in social services and public sector integrated facility services contracts, announced June 18, 2026; and an approximately US$24.8 million four-year cleaning services contract at one of Asia’s largest aviation hubs, announced May 7, 2026.
Primech Vision: unveiled October 1, 2026, a centralized platform that connects robots, the workforce and facility monitoring systems within a unified operating environment, now piloting with HYTRON and delivery, reception and cleaning robots at the Company’s Singapore headquarters, with live demonstrations for visiting customers from Asia, Europe and the United States beginning in October 2026.
Robotics deployment: the Company’s first multi-year recurring-revenue HYTRON contract, a three-year leasing agreement at a high-traffic Singapore public sector facility announced May 15, 2026, and 45 robots from the Primech fleet contracted for deployment under multi-year institutional contracts announced March 5, 2026.
Robotics economics: labor accounted for approximately 85.1% of the Group’s direct costs in the fiscal year ended March 31, 2026, according to the Form 20-F, the cost line the Company’s robotics strategy targets.
Sustainability: 2026 LowCarbonSG Gold Leader recognition for subsidiary Primech A & P Pte. Ltd., announced October 8, 2026, following an approximately 17.5% year-on-year reduction in combined Scope 1 and Scope 2 emissions.

  
Management Commentary
  
“LD Micro brings together investors who are looking for the next generation of growth companies, and Primech is at that inflection point today,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited. “We have built a facilities services business in Singapore that generated US$78.0 million in revenue in fiscal 2026 on a base of long-term institutional contracts, and we are building a robotics platform on top of it. Primech Vision is now piloting at our Singapore headquarters with HYTRON and a wider robot fleet, and we are hosting customers from Asia, Europe and the United States for live demonstrations this month. We look forward to showing investors how these two engines position Primech for growth and long-term shareholder value.”
  
About LD Micro Main Event XX
  
LD Micro Main Event XX, the 20th annual edition of the conference, takes place October 19 to 21, 2026 at the Luxe Sunset Boulevard Hotel in Los Angeles. Registration opens at 2:00 PM Pacific Time on Monday, October 19, followed by keynote programming and a networking reception. Company presentations run from 9:00 AM to 4:00 PM Pacific Time on Tuesday, October 20 and Wednesday, October 21, with more than 100 public companies presenting to and meeting privately with investors. The program concludes with the LD Micro Moneyball Afterparty on the evening of October 21.
  
About LD Micro
  
LD Micro, a wholly owned subsidiary of Freedom US Markets, was founded in 2006 with the sole purpose of being an independent resource in the micro-cap space. Through its dynamic, investor-driven conferences and curated company exposure, LD has served as an invaluable asset to all those interested in discovering the next generation of great companies. For more information on LD Micro, visit www.ldmicro.com. To present or register, contact registration@ldmicro.com.
  
About Primech Holdings Limited
  
Primech Holdings Limited (Nasdaq: PMEC) is a Singapore-headquartered technology-driven facilities services and AI robotics group with operations in Singapore and Hong Kong. Through its subsidiaries, the Group provides cleaning, facilities maintenance, stewarding, waste management and pest control services to public and private sector clients.
  
Through its subsidiary Primech AI, the Group develops HYTRON, an autonomous restroom-cleaning robot that combines AI perception with robotic manipulation. The Group also operates HomeHelpy, a consumer home-services booking platform.
  
Primech Holdings was incorporated in 2020 and listed on the Nasdaq Capital Market in October 2023. For more information, visit investor.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements regarding the Company’s participation in LD Micro Main Event XX, the development, integration, testing and deployment of robotic solutions and the Primech Vision platform, the timing, scope and results of pilot programs and customer demonstrations, the commercialization of HYTRON, estimated contracted revenues for future fulfillment, adoption of technology-driven solutions, and future business strategies, 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. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue” 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 you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual report on Form 20-F for the fiscal year ended March 31, 2026 and in its other filings with the SEC.
  
Investor Relations
  
Primech Holdings Limited
ir@primechholdings.com
www.primechholdings.com

Primech Holdings (Nasdaq: PMEC) Subsidiary Earns 2026 LowCarbonSG Gold Leader Recognition Following 17.5% Year-on-Year Reduction in Scope 1 and 2 Emissions

Primech A & P Achieves Highest Recognition Tier Following Measurable Reductions in Absolute Emissions and Emissions Intensity

  
Key Facts At-a-Glance
  
Who: Primech A & P Pte. Ltd., a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), based in Singapore.
What: Attained the 2026 LowCarbonSG Gold Leader recognition, the highest of the programme’s three tiers, awarded for year-on-year reductions of at least 5% in both absolute Scope 1 and 2 emissions and emissions intensity by revenue.
When: Recognition awarded in 2026, based on emissions recorded from April 2025 to March 2026, compared with April 2024 to March 2025.
Where: Singapore. LowCarbonSG is led by CPLC Singapore, the decarbonisation arm of the UN Global Compact Network Singapore, with support from the National Environment Agency and Enterprise Singapore.
Why it matters: Recognises Primech A & P’s measurable progress in reducing operational carbon emissions and reflects its continued commitment to adopting more sustainable practices across its facility services operations.
How much: Combined Scope 1 and 2 emissions decreased by approximately 17.5%; Scope 1 emissions decreased by 31.7%, while Scope 2 emissions decreased by 8.8%.
  
SINGAPORE, Oct.  08, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), a leading technology-driven facility services provider serving public and private sectors across Singapore, today announced that its subsidiary, Primech A & P Pte. Ltd. (“Primech A & P”), has attained the 2026 LowCarbonSG Gold Leader recognition, the highest of the programme’s three recognition tiers, following an approximately 17.5% year-on-year reduction in combined Scope 1 and Scope 2 greenhouse gas emissions.
  
LowCarbonSG is a capability-building programme led by the decarbonisation arm of the UN Global Compact Network Singapore (“UNGCNS”), with support from the National Environment Agency (“NEA”) and Enterprise Singapore. The programme supports Singapore companies in measuring, tracking and recording their carbon footprint as part of their decarbonisation efforts.
  
Achieving 2026 LowCarbonSG Gold Leader Recognition
  
The 2026 LowCarbonSG Gold Leader recognition is awarded to participating companies that have made a second or subsequent carbon emissions submission and achieved a year-on-year reduction of at least 5% in both:
  
Absolute Scope 1 and Scope 2 greenhouse gas emissions; and
Scope 1 and Scope 2 emissions intensity by revenue.
  
Based on data submitted through the Carbon & Emissions Recording Tool (“CERT”), Primech A & P’s combined Scope 1 and Scope 2 emissions decreased from approximately 115,006 kg CO₂e for the period from April 2024 to March 2025 to approximately 94,885 kg CO₂e for the period from April 2025 to March 2026. This represents a year-on-year reduction of approximately 17.5%.
  
Primech A & P also achieved the required year-on-year reduction in Scope 1 and Scope 2 emissions intensity by revenue, meeting the criteria for the 2026 LowCarbonSG Gold Leader recognition.
  
Advancing Primech’s Sustainability Strategy
  
The recognition reflects Primech A & P’s continued efforts to integrate environmental responsibility into its operations while expanding its facility services business.
  
Primech is progressively adopting more sustainable operating practices, including the transition from diesel-powered operational vehicles to electric vehicles, the use of rooftop solar panels and efforts to improve energy and resource efficiency across its operations. The Group also continues to incorporate smart-cleaning technologies and robotics into its service delivery to support greater operational efficiency.
  
Primech A & P will continue measuring and monitoring its carbon footprint through the LowCarbonSG programme and identifying practical opportunities to reduce emissions across its business operations.
  
Management Commentary
  
“Attaining the 2026 LowCarbonSG Gold Leader recognition represents an important milestone in our sustainability journey and reflects the measurable progress we have made in reducing our operational carbon emissions,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited.
  
“As we continue to grow our facility services business, we remain focused on improving efficiency and incorporating more sustainable practices into our day-to-day operations. This recognition reflects the progress we have made in managing our operational carbon footprint. We will continue to strengthen our carbon-management capabilities and explore technology-driven solutions that support more sustainable facility operations.”
  
About Primech Holdings Limited
  
Primech Holdings Limited (Nasdaq: PMEC) is a Singapore-headquartered, technology-driven facilities services and AI robotics group with operations in Singapore and Hong Kong. Through its subsidiaries, the Group provides cleaning, facilities maintenance, stewarding, waste management and pest control services to public and private sector clients.
  
Through its subsidiary Primech AI, the Group develops HYTRON, an autonomous restroom-cleaning robot that combines AI perception with robotic manipulation. The Group also operates HomeHelpy, a digital home-services booking platform serving the consumer market.
  
Primech Holdings was incorporated in 2020 and listed on the Nasdaq Capital Market in October 2023. For more information, visit investor.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements regarding the Company’s sustainability initiatives, efforts to improve operational efficiency and resource efficiency, adoption of technology-driven solutions, and future business strategies, 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 Annual Report on Form 20-F for the fiscal year ended March 31, 2026, filed with the SEC on July 29, 2026, and its other filings with the SEC.
  
Investor Relations
  
Primech Holdings Limited
ir@primechholdings.com
www.primechholdings.com
  
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3b61b58-fcd7-4f7f-a2eb-9efd43217018

12 Industrials Stocks Moving In Monday's Intraday Session

Gainers

Primech Holdings (NASDAQ:PMEC) shares increased by 27.7% to $0.64 during Monday's regular session. The market value of their outstanding shares is at $19.2 million.
RXO (NYSE:RXO) stock increased by 21.68%read more...

Primech Holdings (Nasdaq: PMEC) Unveils Primech Vision, Integrating a Multi-Robot Facility Fleet and Workforce on One Platform; Live Customer Demonstrations Begin October 2026

Delivery, reception and cleaning robots join HYTRON under Primech Vision, Primech’s integrated platform connecting robots, workforce and facility operations
Key Facts At-a-Glance
  
Who: Primech Holdings Limited (Nasdaq: PMEC), Singapore.
  
What: Unveils Primech Vision, a centralized platform that converts facility issues into tasks, assigns them to robots or facility personnel and tracks completion, and integrates delivery, reception and cleaning robots with HYTRON, Primech’s proprietary autonomous restroom-cleaning robot.
  
When: Pilot currently operating at Primech’s Singapore headquarters; live customer demonstrations are planned to begin in October 2026.
  
Where: Primech’s Singapore headquarters, where the Company plans to host visiting customers from Asia, Europe and the United States.
  
Why it matters: Primech Vision brings multiple robotic functions and facility personnel together within a common platform, moving Primech’s robotics offering beyond a single-task robot toward an integrated platform model.
  

  
Primech Holdings’ multi-robot facility fleet, featuring HYTRON alongside delivery, reception and cleaning robots at the Company’s Singapore headquarters. Image: Primech Holdings Limited.
  
SINGAPORE, Oct.  01, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), a technology-driven facilities services and AI robotics group, today unveiled Primech Vision, its centralized platform for coordinating robots and facility personnel, and announced the expansion of its robotics strategy beyond its proprietary HYTRON autonomous restroom-cleaning robot to a broader multi-robot fleet for the facilities management industry.
  
Primech Vision Platform
  
The expanded fleet includes delivery, reception and cleaning robots operating alongside HYTRON at the Company’s Singapore headquarters. Primech is integrating these robots with Primech Vision, its centralized platform that connects robots, the workforce and facility monitoring systems within a unified operating environment.
  
Primech Vision coordinates the identification, assignment, execution and verification of facility tasks. Through the platform, operational issues identified by robots, cameras or facility personnel can be converted into tasks and assigned to either robotic systems or human team members. Task progress and completion are then monitored through a centralized interface, giving facility managers a single view of task status and completion across a site.
  
By bringing multiple robotic functions together within a common platform, Primech aims to enable robots and facility personnel to operate as part of an integrated workforce rather than as standalone systems.
  
Pilot Program and Customer Demonstrations
  
The Company is initially piloting the integrated fleet at its Singapore headquarters, drawing on its facilities management operating experience to evaluate robot deployment, workflow integration and human-robot collaboration in a live operating environment.
  
Primech plans to begin hosting live demonstrations for visiting customers from Asia, Europe and the United States at its Singapore headquarters in October 2026.
  
Management Commentary
  
“Facilities management is our core business, and that gives us a practical understanding of where robotics can create meaningful operational value,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited. “HYTRON was developed from our experience addressing real operational challenges in the facilities management industry. We are now taking the next step by bringing different types of robots together with our workforce through a common platform.”
  
“Our vision is not simply to deploy more robots, but to create an integrated operating environment where people and robots can work together effectively. By piloting this model within our own operations first, we can refine the technology and workflows before introducing them more broadly to our customers.”
  
About Primech Holdings Limited
  
Primech Holdings Limited (Nasdaq: PMEC) is a Singapore-headquartered, technology-driven facilities services and AI robotics group with operations in Singapore and Hong Kong. Through its subsidiaries, the Group provides cleaning, facilities maintenance, stewarding, waste management and pest control services to public and private sector clients.
  
Through its subsidiary Primech AI, the Group develops HYTRON, an autonomous restroom-cleaning robot that combines AI perception with robotic manipulation. The Group also operates HomeHelpy, a digital home-services booking platform serving the consumer market. Primech Holdings was incorporated in 2020 and listed on the Nasdaq Capital Market in October 2023. For more information, visit investor.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements regarding the Company’s development, integration, testing and deployment of robotic solutions and the Primech Vision platform, the timing, scope and results of pilot programs and customer demonstrations, adoption of technology-driven solutions, human-robot collaboration, and future business strategies, 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 Annual Report on Form 20-F for the fiscal year ended March 31, 2026, filed with the SEC on July 29, 2026, and its other filings with the SEC.
  
Investor Relations
  
Primech Holdings Limited
ir@primechholdings.com
www.primechholdings.com
  
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/45c05876-232d-4ff2-88b8-8179bd20f0f0

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

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

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

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

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

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

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

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

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

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

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

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

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$PMEC Primech Holdings (Nasdaq: PMEC) Announces Primech AI’s HYTRON Exhibition at CLEAN KOREA 2026 with Exclusive South Korean Distributor NCM

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$PMEC Primech Holdings (Nasdaq: PMEC) Subsidiary Earns 2026 LowCarbonSG Gold Leader Recognition Following 17.5% Year-on-Year Reduction in Scope 1 and 2 Emissions

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PMEC Primech Holdings Ltd

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