PMEC News

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...

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 [email protected] www.primechholdings.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/45c05876-232d-4ff2-88b8-8179bd20f0f0

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 [email protected] www.primechholdings.com

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 [email protected] www.primechholdings.com

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 [email protected] www.primechholdings.com

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 [email protected] www.primechholdings.com

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 [email protected]

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: [email protected]

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: [email protected] Website: www.primechholdings.com