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lululemon athletica, Inc. engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories. It operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The company was founded by Dennis James Wilson in 1998 and is headquartered in Vancouver, Canada.

Lululemon Athletica inc.

Lululemon Athletica Inc

Lululemon shares are facing heavy selling pressure following disappointing quarterly results and a significant downward revision to full-year guidance, fueling concerns over slowing growth and weakening brand demand. While some traders view the stock as undervalued and a potential turnaround candidate under incoming leadership, many remain bearish, citing stiff competition and the broader economic environment for luxury retail.

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, AppleCare, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in April 1976 and is headquartered in Cupertino, CA.

Apple Inc

Apple shares are seeing high volatility as traders react to the recent CEO transition to John Ternus and uncertainty surrounding the upcoming iPhone launch event. While some investors remain bullish on the potential for a new premium upgrade cycle, others are expressing concern over reports of production constraints on the anticipated foldable iPhone model.

Tesla, Inc. engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. It operates through the Automotive and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. The Energy Generation and Storage segment is involved in the design, manufacture, installation, sale, and lease of solar energy generation, energy storage products, and related services and sales of solar energy systems incentives. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Austin, TX.

Tesla Inc

Tesla shares are facing downward pressure as investors react to a poorly received, invite-only Cybercab event and the subsequent opening of a regulatory probe by the NHTSA regarding the vehicle's safety compliance. While some traders view the pullback as a buying opportunity, others are expressing frustration over the lack of product transparency and the company's reliance on hype.

UiPath, Inc. engages in the development and provision of a software platform to automate business processes. The firm serves the public, healthcare, telecommunication, finance, and banking industries. It also offers accounts payable automation, claims processing automation, contact center automation, and finance and accounting automation. The company was founded by Daniel Dines and Marius Tirca in 2005 and is headquartered in New York, NY.

UiPath Inc - Ordinary Shares - Class A

UiPath Inc

UiPath shares experienced high volatility following a "beat and raise" second-quarter earnings report, with the community debating whether the results demonstrate enough growth acceleration in agentic AI to justify the stock's recent rally or if valuation and competitive concerns remain primary risks. Investors are split between those viewing the post-earnings price swings as institutional manipulation and those who remain cautious due to mixed guidance and slowing growth momentum.

Adobe, Inc. is a global technology company, which engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products and services that enable individuals, teams, businesses, and enterprises to create, publish, and promote content anywhere and accelerate productivity by transforming view, share, engage with and collaborate on documents and creative content. The Digital Experience segment focuses on integrated platform and set of products, services, and solutions that enable businesses to create, manage, execute, measure, monetize, and optimize customer experiences that span from analytics to commerce. The Publishing and Advertising segment includes legacy products and services that address diverse market opportunities, including eLearning solutions, technical document publishing, web conferencing, document and forms platform, web app development, high-end printing, and Adobe Advertising offerings. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.

Adobe Inc

Adobe shares are facing volatility as the software sector reacts to Figma's earnings, which highlighted rising costs associated with generative AI investments. Traders remain divided, with some viewing the pullback as a buying opportunity based on strong fundamentals, while others express concerns over potential AI disruption to the company's established software business model.

Netflix, Inc. engages in providing entertainment services. It also offers activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.

Netflix Inc.

Netflix Inc

Netflix is seeing a mix of optimism regarding its content pipeline and consolidation strategy, while traders remain frustrated by the stock's sluggish price action and frequent intraday reversals near the $80 level.

USA Rare Earth, Inc. is a domestic supplier of rare earth magnets and heavy rare earth elements. It develops a vertically integrated domestic supply chain for rare earth element magnet production, with a facility in Stillwater and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas. The company was founded in May 2019 and is headquartered in Stillwater, OK.

USA Rare Earth Inc. - Ordinary Shares - Class A

USA Rare Earth Inc

USA Rare Earth is trending as traders digest a mix of financial results and news that Chinese suppliers are halting rare earth shipments to U.S. customers. While some investors are concerned by revenue misses and volatility, others view the company's domestic supply chain efforts and government backing as key indicators of long-term strategic value.

Zscaler, Inc. engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K. Kailash in September 2007 and is headquartered in San Jose, CA.

Zscaler Inc

Zscaler shares are trending as investors digest a fiscal fourth-quarter earnings beat and FY2027 guidance that implies a slowdown in revenue growth. While some analysts raised price targets following the results, the market is debating the durability of the company's growth as it transitions to new sales leadership and competes within the evolving AI security landscape.

Invesco QQQ Trust Series 1 - Invesco QQQ Trust Series 1

The market is reacting to strong August jobs data, which has intensified trader debate regarding whether the Federal Reserve will hold interest rates steady or resume hikes. While some participants express frustration over perceived market manipulation and volatility, others are focused on upcoming CPI data as the next major catalyst for policy expectations.

Planet Labs PBC provides daily data and insights about earth. It offers a web-geo platform with satellite data available and foundational analytics to derive insights to make decisions. The company is founded by William S. Marshall and Robert H. Schingler in 2010 and is headquartered in San Francisco, CA.

Planet Labs PBC - Ordinary Shares - Class A

Planet Labs PBC

Planet Labs is trending following a record fiscal second-quarter earnings report where revenue and earnings per share beat analyst estimates, driven by strong growth in the defense and intelligence segments. While the company raised its full-year revenue outlook, some traders expressed disappointment regarding the third-quarter guidance and the potential overhang of ongoing share dilution.

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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 Secures Approximately US$24.8 Million Four-Year Contract at a Major Asian Aviation Hub, Adding Significant Recurring Revenue Visibility

Award Reinforces Primech's Position as a Trusted Partner for Mission-Critical, High-Traffic Facility Environments While Strengthening Long-Term Revenue Predictability
SINGAPORE, May  07, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), an established technology-driven facility solutions service provider serving public and private sectors across Singapore, today announced that its wholly owned subsidiary, Primech A & P Pte. Ltd. (“Primech A & P”), has been awarded a four-year cleaning services contract with an estimated value of approximately US$24.8 million. The contract was awarded by one of Asia’s largest aviation hubs and covers routine and periodic cleaning services across multiple levels of a high-volume passenger terminal.
  
The award represents one of the most significant single-contract wins in Primech’s operating history and further extends the Company’s growing portfolio of multi-year institutional mandates in the transportation and infrastructure sector. Combined with the approximately US$33 million in multi-year university contracts announced in March 2026, Primech continues to execute on its strategy of securing large, structured service agreements that provide durable, predictable revenue over extended periods.
  
Strengthening Predictable, Long-Term Revenue
  
With an estimated aggregate contract value of approximately US$24.8 million over four years, this award delivers meaningful forward revenue visibility and meaningfully grows Primech’s recurring revenue base. Cleaning services contracts of this scale—spanning a continuous four-year term at one of Asia’s high-traffic operational environments—are characterized by high retention rates, structured service-level requirements, and stable cash flow generation.
  
Multi-year revenue certainty: A four-year term provides clear forward revenue visibility, materially reducing revenue concentration risk.
  
Institutional contract quality: Aviation and transportation mandates are among the most operationally rigorous in the facilities sector, reflecting Primech’s ability to meet the highest compliance and performance standards.
  
Stable cash flow generation: Recurring cleaning contracts underpin consistent operating cash flows independent of broader economic cycles.
  
Increased operating leverage: The contract scale allows the Company to deploy existing manpower infrastructure and digital management systems more efficiently, supporting margin durability over time.
  
High-Traffic, Mission-Critical Operating Environment
  
The contracted scope covers routine and periodic cleaning services across a multi-level passenger terminal at one of Asia’s largest aviation hubs. Aviation terminals represent among the most demanding facility environments in the world—operating 24 hours a day, seven days a week, subject to stringent hygiene, safety, and regulatory standards. The ability to consistently deliver high-quality cleaning outcomes in such settings requires a proven operational track record, a disciplined workforce management capability, and the deployment of technology-enabled monitoring and quality assurance systems.
  
Primech’s selection for this contract reflects the confidence the client has placed in the Company’s operational capabilities, service consistency, and technology-driven approach to large-scale facility services solutions. The Company intends to leverage its digitalized management infrastructure—including real-time performance dashboards, data-driven scheduling, and workflow automation to deliver measurable service outcomes throughout the contract term.
  
Institutional Momentum and Long-Term Strategic Positioning
  
This contract award adds to a growing portfolio of large, multi-year mandates that Primech has secured across Singapore’s institutional, public sector, and infrastructure segments. The Company’s strategy centers on winning and retaining long-duration contracts in operationally complex environments where technology integration and service quality create meaningful barriers to entry and competitive differentiation.
  
Management continues to focus on:
  
Expanding recurring, multi-year service contracts: Prioritizing structured long-term awards that provide revenue visibility and reduce earnings volatility.
  
Growing institutional market presence: Deepening penetration across Singapore’s transportation, healthcare, education, and public infrastructure segments.
  
Enhancing long-term shareholder value: Translating revenue scale and operational leverage into sustainable, improving financial performance.
  
The Company believes that structural trends including labor scarcity, rising hygiene compliance standards, and institutional demand for accountable, technology-driven service providers continue to create favorable long-term tailwinds for Primech’s core business model and long-term growth strategy.
  
“This award is a strong affirmation of Primech’s operational capabilities and the trust that major infrastructure operators place in our team,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings. “Securing a four-year mandate of this scale at one of Asia’s most demanding facility environments reflects the depth of our service capabilities and our ability to compete and win at the highest institutional level. We are committed to delivering exceptional outcomes for this client while continuing to strengthen our operational excellence and long-term service capabilities.”
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
  
Company Contact:
  
Email: ir@primech.com.sg

Primech Holdings Awarded Two Multi-Year Industrial Cleaning Contracts in Singapore Totaling Approximately US$3.45 Million

SINGAPORE, April  30, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), a Singapore-based provider of integrated facility services, today announced that its wholly owned subsidiaries, Maint-Kleen Pte Ltd and Primech A & P Pte Ltd, have been awarded two separate three-year cleaning service contracts within Singapore’s industrial sector. The combined estimated contract value is approximately US$3.45 million (approximately S$4.66 million), to be recognized over the contract terms.
  
Contract Details
  
Maint-Kleen Pte Ltd has secured a three-year contract valued at approximately US$1.4 million to deliver ongoing cleaning services across industrial property sites, supporting recurring, high-frequency service requirements.
Primech A & P Pte Ltd has secured a three-year contract valued at approximately US$2.0 million to provide integrated cleaning services at a major industrial and business hub in Singapore, further entrenching Primech within large-scale, high-value operational environments.
  
Both contracts are structured as recurring service engagements, with revenue recognized monthly over the contract terms. Contract values are estimates based on agreed scope and indicative service volumes, and actual revenue may vary based on usage, scope adjustments, and renewal outcomes.
  
Strategic Context
  
Industrial facilities are a core operating segment for Primech and a target deployment environment for the Company’s broader technology roadmap, including its Hytron autonomous cleaning robot platform developed by subsidiary Primech AI. Multi-year industrial contracts provide both recurring service revenue and a base of installed sites, into which the Company expects to introduce technology-enabled service offerings over time.
  
The Company expects continued demand within Singapore’s industrial segment, supported by sustained outsourcing of facility services and ongoing investment in industrial and logistics infrastructure.
  
Management Commentary
  
“These contract awards add to our base of recurring industrial service revenue and reflect long-standing relationships with institutional asset owners in Singapore,” said Ken Ho, Executive Chairman and Chief Executive Officer of Primech Holdings. “Industrial sites are also a priority deployment environment for our Hytron robotics platform as it scales, and a stable contracted footprint in this segment supports our longer-term technology strategy.”
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. For more information, visit www.primechholdings.com.
  
About Primech AI
  
Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited, is a robotics company dedicated to developing autonomous, AI-powered solutions for commercial facility operations. Its flagship product, Hytron, is a fully autonomous AI-powered restroom cleaning robot engineered to enhance hygiene standards, reduce labor dependency, and support sustainability initiatives across high-traffic environments including airports, healthcare facilities, hotels, transportation hubs, educational institutions, and commercial real estate. For more information, visit www.primech.ai.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about contract execution, anticipated revenues, growth, and segment expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
  
Investor Contact
  
Primech Holdings Limited
Email: ir@primech.com.sg
Website: www.primechholdings.com

Primech Holdings Accelerates U.S. Expansion for Primech AI’s Hytron, Selected for SelectUSA Tech Amid Growing Institutional Deployment Pipeline

Company Advances Nationwide Commercial Rollout as Demand for Automation Surges Across U.S. Facilities Sector
SINGAPORE, April  23, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), through its autonomous robotics subsidiary Primech AI Pte. Ltd., today announced the acceleration of its U.S. expansion strategy, supported by its selection for the SelectUSA Tech program and participation in the 2026 SelectUSA Investment Summit (May 3–6, 2026, National Harbor, Maryland) following an invitation from the U.S. Embassy in Singapore. This acceleration positions Primech to capitalize on intensifying enterprise demand for AI-powered facility automation and supports the Company’s long-term growth strategy through institutional-scale commercial deployment in the world’s largest facilities services market.
  
The Company is actively advancing a growing pipeline of commercial deployment opportunities across the United States for Hytron, its flagship fully autonomous AI-powered restroom cleaning system, as enterprise demand intensifies for scalable automation solutions addressing persistent labor shortages and rising operating costs.
  
Primech’s participation comes at a landmark bilateral moment as Singapore and the United States mark 60 years of diplomatic relations and the United States celebrates the 250th anniversary of its independence. According to the U.S. Department of Commerce, SelectUSA facilitated approximately US$139 billion in foreign direct investment deals over the past year, supporting more than 32,000 American jobs across 175 transactions, with the 2025 Summit drawing more than 5,500 participants and over 2,700 business investors from more than 100 countries.
  
Following successful showcases at CMS Berlin and the Tokyo Building & Maintenance Show, and its North American debut at CES 2026, Primech is now executing the next phase of its global strategy: large-scale commercial deployment in the United States.
  
Hytron generated more than 350 qualified enterprise leads from 23 countries at CES 2026, including significant engagement from U.S.-based operators across healthcare, hospitality, transportation, higher education, and commercial real estate. The Company is currently progressing discussions with multiple large-scale U.S. facility operators, including leading hospitality and institutional services providers. Mass production of Hytron commenced in the second quarter of 2026, and Primech has executed distribution agreements across multiple international markets to support scaled commercial rollout.
  
Primech has already established a foundational U.S. operating platform to support commercialization and scale, including its Delaware incorporation, Edwardsville, Illinois office, and operational collaborations with robotic service and distribution partners. The Company is evaluating opportunities to expand its U.S. footprint further, including deployment infrastructure, servicing capabilities, and potential localized operations to support nationwide scale.
  
Primech’s selection for SelectUSA Tech highlights its alignment with key U.S. priorities including workforce resilience, supply chain diversification, and the integration of advanced automation into institutional operations. Hytron has demonstrated greater than 99% bacterial reduction in independent testing and received a TechRadar Pro Picks Award at CES 2026.
  
“The United States represents the most significant near-term growth opportunity for Primech AI,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited. “Our selection for SelectUSA Tech and the invitation from the U.S. Embassy in Singapore reflect the tangible operational investments we have made to prepare for scaled U.S. commercialization, from our Delaware subsidiary and Edwardsville office to active engagement with leading American institutional operators. With Hytron mass production having commenced in the second quarter of 2026, distribution agreements in place across multiple international markets, and a clear pipeline of U.S. enterprise deployment opportunities, we are positioned to convert this momentum into meaningful commercial traction, expanded U.S. operational capabilities, and long-term value creation for Primech shareholders.”
  
During the Summit, Primech will engage with U.S. state and local economic development organizations, federal agency representatives, and prospective commercial and channel partners to advance Hytron deployment, expand strategic partnerships, and accelerate U.S. market entry. The Company will provide updates on the outcomes of these engagements through subsequent investor communications.
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. For more information, visit www.primechholdings.com.
  
About Primech AI
  
Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited, is a robotics company dedicated to developing autonomous, AI-powered solutions for commercial facility operations. Its flagship product, HYTRON, is a fully autonomous AI-powered restroom cleaning robot engineered to enhance hygiene standards, reduce labor dependency, and support sustainability initiatives across high-traffic environments including airports, healthcare facilities, hotels, transportation hubs, educational institutions, and commercial real estate. For more information, visit www.primech.ai.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about anticipated U.S. market expansion, commercial deployments, partnership development, manufacturing initiatives, and long-term shareholder value creation. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to,” or other similar expressions. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, some of which are beyond the Company’s control. Actual results may differ materially from those projected. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. For a discussion of risk factors, please refer to the Company’s filings with the U.S. Securities and Exchange Commission, which are available on the SEC’s website at www.sec.gov.
  
Contact
  
Primech Holdings Limited
  
Investor Relations
  
ir@primechholdings.com
  
www.primechholdings.com

Primech AI Secures Government Collaboration for Hytron Autonomous Cleaning Robot Deployment in Singapore Schools

SINGAPORE, April  09, 2026 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the deployment of its Hytron autonomous bathroom cleaning robots in a multi-storey school environment. The project represents a significant commercial milestone for autonomous cleaning solutions in facility management.
  
Primech AI was selected as one of the finalists of the Innovation Challenge by the Ministry of Education (MOE) and the Ministry of Digital Development and Information (MDDI) launched on the Infocomm Media Development Authority’s (IMDA) Open Innovation Platform1. The challenge sought a solution to enhance cleaning of toilet facilities in multi-storey school buildings to reduce reliance on manpower and enhance cleaning efficiency, while overcoming existing infrastructure limitations. Primech AI was awarded prize funding for prototype development and pilot testing.
  
Hytron is a fully autonomous, AI-powered bathroom cleaning robot designed to revolutionise hygiene in high-traffic facilities. With advanced 3D-cleaning capabilities and electrolysed water technology, Hytron ensures consistent, high-quality cleaning while significantly reducing manual labor. The latest model features the cutting-edge NVIDIA Jetson Orin Super — a compact yet powerful System-on-Module (SoM) built for advanced-edge AI and robotics. This integration enables exceptional energy efficiency, real-time data processing, and intelligent navigation, making Hytron a highly scalable and future-ready solution for smart facility management.
  
As part of the 12-month pilot programme, Primech AI will deploy one Hytron unit at Dunman High School. The pilot aims to address key operational challenges in public facilities, including labor shortages and maintenance of consistent standards of cleanliness. Hytron's capabilities include autonomous navigation in confined spaces, scheduled cleaning cycles with real-time monitoring, electrolysed water disinfection protocols, and autonomous charging operations, positioning the technology for broader commercial adoption across healthcare, transportation, and commercial real estate sectors. This would be continuous to reinforce Hytron as one of the first movers in national-scale autonomous cleaning in Singapore while we pursuit international opportunities in parallel.
  
"This collaboration represents significant validation of our technology readiness for infrastructure deployment," said Charles Ng, Chief Operating Officer of Primech AI. “We are proud to work with forward-thinking government partners in paving the way for AI-enabled cleaning across Singapore and beyond.”
  
About Primech AI
Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.
  
About Primech Holdings Limited
Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.     
  
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
  
Company Contact:
Email: ir@primech.com.sg
  
_________________
1 IMDA’s OIP helps corporates diagnose their business challenges and crowd-source for innovative digital solutions from start-ups, technology providers, and research institutes. Calls on the OIP are launched three times a year.

Primech A & P Secures US$24.0 Million Multi-Year Government-Linked Contract for Integrated Cleaning Services Across Six Major Hawker Centres in Singapore

Significant contract adds long-term revenue visibility and strengthens positioning in critical public infrastructure and high-volume environments
SINGAPORE, April  02, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Group”), through its subsidiary Primech A & P Pte. Ltd. (“Primech A & P”), today announced the successful award of a major public sector contract to provide integrated cleaning services across six prominent hawker and food centres in Singapore. The contract carries a total value of approximately US$24.0 million over a 4+1-year performance-based term, strengthening the Group’s recurring revenue base and long-term earnings visibility.
  
This contract reinforces Primech’s established position within Singapore’s environmental services sector and highlights its proven ability to secure and execute large-scale public infrastructure mandates. It further reflects the Group’s track record of delivering consistent, high-quality cleaning solutions, increasingly supported by technology-driven operational efficiencies.
  
Comprehensive, Performance-Based Service Scope
  
Under the contract, Primech A & P will deliver a fully integrated suite of cleaning and facility support services across all six locations, including general cleaning and maintenance, toilet cleaning and sanitation, table-cleaning services, Centralised Dishwashing Services (CDW), pest control management, and full compliance with Singapore’s GreenGov sustainability standards.

  
The breadth of services positions Primech as a single-source operator for high-traffic public environments, enabling operational consistency, cost efficiency, and scalable service delivery across multiple sites.
  
The contract is structured with a strong emphasis on innovation, automation, data-driven performance management and operational excellence, incorporating:
  
Cleaning Process Automation (CPA) to enhance labour productivity and improve service consistency.
Cleaning Management Systems (CMS) to enable real-time monitoring, performance tracking, and data-driven decision-making.
Deployment of advanced technologies to optimize workforce allocation, elevate service standards, and support margin expansion over time.

  
Strengthening Market Position Through Innovation
  
This contract underscores Primech’s strategic focus on integrating automation and digital infrastructure into its core service delivery model, aligning with Singapore’s broader shift towards smart, green urban infrastructure. The inclusion of advanced technologies and real-time management systems reflects the Group’s ability to operationalize innovation at scale within complex, high-traffic public settings.
  
By embedding automation and data-driven oversight into daily operations, Primech is strengthening its competitive positioning while enhancing productivity, service consistency, and long-term margin potential. This approach positions the Group to capitalize on the ongoing transformation of the environmental services sector toward higher-efficiency, technology-enabled solutions.
  
“This award reflects our strong capabilities to consistently secure and deliver large-scale, integrated cleaning contracts supported by technology-driven operations,” said Ken Chang, Head of Operations at Primech A & P. It reinforces the trust placed in Primech as a long-term partner in maintaining critical public infrastructure, while demonstrating our capability to execute efficiently at scale.
  
With this latest contract, Primech continues to expand its order book, strengthening revenue visibility and reinforcing a growing base of recurring income streams. The Group remains well-positioned to capture increasing demand for integrated, performance-based environmental services, supported by its ability to deliver at scale across high-density public infrastructure environments both in Singapore and the broader region.
  
About Primech Holdings Limited
  
Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.
  
Forward-Looking Statements
  
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
  
Company Contact:
Email: ir@primech.com.sg

Primech AI Secures South Korea Distribution Agreement Expected to Generate US$4.08 Million and Expand HYTRON’s Global Commercial Footprint

Multi-year partnership establishes an initial trial phase and graduated minimum order commitments, strengthening Primech AI’s international commercialization strategy in a robotics-forward market
SINGAPORE, March  23, 2026 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced a distribution agreement to expand HYTRON into South Korea, a partnership expected to generate approximately US $4.08 million in projected revenue over three years while establishing a scalable commercial footprint in one of Asia’s most advanced automation markets.
    
Under the agreement, the partner will serve as Primech AI’s authorized distributor in South Korea, leading localized marketing, sales, deployment, and technical support for Hytron to drive commercial adoption and support scalable deployment across the territory.
    
The partnership follows a structured rollout beginning with an initial trial phase, after which the distributor may transition into an exclusive multi-year distribution arrangement with defined minimum order commitments, providing a clear pathway to scaled deployment upon successful market validation.
    
Based on the agreed minimum order quantities and unit pricing, the agreement is expected to generate approximately US$4.08 million in cumulative revenue over three years, comprising an initial trial order followed by contractually structured increasing annual commitments.
    
“Our expansion into South Korea represents a meaningful step in scaling HYTRON’s international commercialization,” said Charles Ng, Chief Operating Officer of Primech AI. “ With a structured distribution model and a capable local partner, we are well-positioned to accelerate adoption of our Hytron robots in a market that is highly receptive to automation and smart facility solutions, whole building a foundation for long-term scalable deployment.”
    
South Korea represents a highly attractive market for robotics and automation, driven by strong technology adoption and increasing demand for productivity-enhancing solutions in facilities management. Through this collaboration, Primech AI aims to establish a scalable in-market presence, leveraging localized support and expertise to drive efficient deployment and consistent service delivery.
    
The distributor will also manage local certification requirements and provide on-the-ground customer support, helping to streamline market entry, accelerate deployment timelines, and ensure consistent operational performance in the market.
    
Hytron leverages advanced AI and automation technologies to deliver consistent, efficient, and high-quality restroom cleaning in commercial environments, helping organizations address labor constraints while improving hygiene standards.
    
For further enquiries, please contact:
Primech AI Pte. Ltd.
    
directenquiries@primech.com.sg – General enquiries
partnerships@primech.com.sg – Partnership-related matters
    
About Primech AI
Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.
    
About Primech Holdings Limited
Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com. 
    
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
    
Company Contact:
Email: ir@primech.com.sg

Primech Holdings Ltd. engages in the provision of commercial cleaning solutions. It operates through the following two main segments: Commercial Cleaning Services and Robotics. The Commercial Cleaning Services segment encompasses facilities and stewarding services, providing cleaning solutions for conservancy areas, educational institutions, airports, and other facilities, while also offering waste management, pest control, and landscaping services. The Robotics segment supplements the provision of facilities services by utilizing a fleet of cleaning robots for autonomous cleaning technology in commercial and institutional facilities. The company was founded on December 29, 2020 and is headquartered in Singapore.

Primech Holdings Ltd

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Current Price	$0.4512
Prev Close	$0.4505
Open	$0.5142
Dividend Yield	0.00%
50-Day Moving Average	$0.5194
Beta	0.00
Avg. Volume	184,572.48
PE Ratio	-7.11

52-Week High	$2.44
52-Week Low	$0.31
Market Capitalization	$17.31M
EPS (Annual)	-$0.0634
Price to Book	1.31
Revenue Per Employee	$25,026.95

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