Advertisement

Primech Holdings Receives $60K Purchase Order For HYTRON Autonomous Restroom-Cleaning Robot For Singapore Retail Ma;ll

Benzinga Newsdesk 2 days ago

ContractsNews

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

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.

Read the original

Advertisement