Primech Holdings (Nasdaq: PMEC) Secures HYTRON Purchase and Four-Year Maintenance Contract Valued at Over US$60,000 for Singapore Retail Mall

Outright HYTRON Purchase With Four Years of Maintenance Complements HYTRON’s Leasing Model

Key Facts At-a-Glance

Who: Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited (Nasdaq: PMEC).

What: Secured a contract for the purchase of one HYTRON autonomous restroom-cleaning robot, together with four years of maintenance services.

Where: A retail mall in Singapore.

How Much: Over US$60,000 in total, covering the HYTRON purchase and four years of maintenance services.

Why It Matters: The engagement advances HYTRON’s commercialisation by combining an equipment purchase with a multi-year service relationship, supporting Primech AI’s development of robotics sales and associated maintenance revenue and Primech’s aim of building a robotics business that contributes to long-term shareholder value. For comparison, Primech’s robotic segment reported revenue of approximately US$12,000 for the fiscal year ended March 31, 2026.

SINGAPORE, Oct. 29, 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”), has secured a contract with a total value of over US$60,000 for the purchase of one HYTRON autonomous restroom-cleaning robot, together with four years of maintenance services, for a retail mall in Singapore. The Company views the order as a step toward building a robotics business that contributes to long-term shareholder value.

The total contract value covers both equipment and maintenance services, with revenue recognition subject to fulfilment of the respective contractual obligations. Primech’s robotic segment reported revenue of approximately US$12,000 for the fiscal year ended March 31, 2026, its first year of robot sales and leasing, as disclosed in its Annual Report on Form 20-F filed on July 29, 2026.

The engagement represents a further step in HYTRON’s commercialisation, combining a commercial equipment order with ongoing maintenance support. It supports Primech AI’s strategy of developing robotics sales and associated service revenue alongside the Group’s established facilities services operations.

Contract Scope and Maintenance Support

The contract covers the supply of one HYTRON robot and four years of maintenance services. The maintenance component extends the customer engagement beyond the initial equipment purchase and is intended to support the robot’s ongoing operation throughout the agreed service period.

This structure illustrates how HYTRON equipment sales can be complemented by continuing service relationships. Future equipment orders and maintenance engagements will depend on customer demand, operational performance and further commercial execution.

Strategic Rationale for Retail Applications

Retail facilities require regular restroom cleaning and consistent hygiene standards as part of daily operations. HYTRON is designed to assist with repetitive cleaning tasks, supporting cleaning teams while allowing employees to focus on responsibilities requiring human attention.

The contract provides a commercial application for HYTRON within Singapore’s retail sector and an opportunity for Primech AI to support the customer’s operational requirements.

For Primech, the engagement aligns with its strategy of drawing on facilities services experience to develop practical robotics applications. Combining equipment sales with maintenance support offers a potential pathway to build service revenue as HYTRON’s installed base develops.

HYTRON Product Overview

HYTRON is a fully autonomous AI-powered restroom-cleaning robot designed to clean toilets, urinals, wash basins, sinks, mirrors and surrounding floor areas. 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

“This HYTRON order represents a concrete step in translating our robotics capabilities into commercial business,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited. “The combination of a robot purchase and four years of maintenance gives us an opportunity to support the customer beyond the initial equipment supply and build a continuing service relationship.”

“Our priority is disciplined commercial execution: meeting customer requirements, supporting HYTRON’s operation and developing further commercial opportunities. We aim to grow our robotics business through equipment sales and associated services that complement Primech’s established facilities services operations.”

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 supply and deployment of HYTRON, the provision of maintenance services over the agreed four-year period, the contract value and the timing of revenue recognition, the anticipated operational benefits of robotic cleaning solutions, the commercialisation of HYTRON, opportunities to generate equipment sales and recurring maintenance revenue, adoption of technology-driven solutions, and future business strategies, growth and expansion. 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
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