Primech Holdings Secures $19.6 Million Contract for AI-Powered Cleaning Services in Singapore

Primech Holdings' subsidiary, Primech A&P, has secured a multi-year cleaning services contract with a leading polytechnic in Singapore, valued at $19.6 million. The contract will utilize Primech AI's HYTRON, an AI-powered autonomous bathroom cleaning robot, along with other advanced robotics and cleaning solutions to enhance hygiene standards and facility management efficiency. The contract's value was not disclosed.

Singapore-based Primech Holdings Limited (NASDAQ: PMEC) has announced a significant milestone in its operations, with its subsidiary Primech A&P securing a multi-year cleaning services contract with a leading polytechnic in Singapore. The contract, valued at approximately S$25.2 million (US$19.6 million), underscores the company's growing influence in the facility services sector [1].

Under the terms of the agreement, Primech A&P will deploy its AI-powered autonomous bathroom cleaning robot, HYTRON, along with other advanced robotics and cleaning solutions. The contract represents one of Primech's most substantial wins to date and will provide long-term revenue visibility [1]. Ken Chang, Head of Operations at Primech A&P, described the contract as "a significant validation of our growth strategy and technology-integrated service delivery model" [1].

The contract's value was not disclosed, but it aligns with Primech's ongoing efforts to enhance its technological offerings and secure substantial contracts. The company's recent introduction of the next-generation HYTRON autonomous bathroom cleaning robot through its subsidiary, Primech AI, further highlights its commitment to innovation [2].

Primech Holdings Limited operates in both public and private sectors in Singapore, offering a range of services including general facility maintenance, specialized cleaning solutions, stewarding services, and cleaning services for offices and homes. The company's focus on technology and sustainability positions it as a leader in the industry [1].

In addition to the new contract, Primech Holdings has also secured a two-year contract extension worth S$10.65 million (US$8.3 million) to provide cleaning services in Singapore. The company's shareholders approved several key resolutions at the company’s Extraordinary General Meeting, including the adoption of the Primech 2025 Employee Incentive Plan [1].

These developments underscore Primech Holdings' strategic approach to growth, leveraging technology to enhance operational efficiency and client satisfaction. The company's ability to secure substantial contracts and innovate its product offerings positions it well for continued success in the facility services sector.

References:
[1] https://ca.investing.com/news/company-news/primech-secures-196-million-cleaning-contract-with-singapore-polytechnic-93CH-4176642
[2] https://www.stocktitan.net/news/PMEC/primech-ai-unveils-the-all-new-hytron-next-generation-ai-powered-yurtpknomchy.html