PMEC PRIMECH HOLDINGS LTD

Primech A&P Secures New Contracts and Extensions Worth Over $2.6 Million for Q1 2025

Primech A&P Secures New Contracts and Extensions Worth Over $2.6 Million for Q1 2025

SINGAPORE, May 28, 2025 (GLOBE NEWSWIRE) -- Primech A & P, a subsidiary of Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced several newly secured contracts and extensions for the first quarter of 2025, with a total value exceeding $2.59 million.

The latest contract wins and extensions include:

  • Secured a 2-year contract (January 2025 to December 2026) valued at $774,470 for public area cleaning and housekeeping services at a prominent international hotel chain in Singapore's prime Orchard Road shopping district.

     
  • Secured a 2-year contract (April 2025 to March 2027) valued at $676,150 for comprehensive cleaning services at a premium residential condominium development.

     
  • Secured a 6-month extension (January through June 2025) valued at $563,620 for specialized cleaning services at a popular themed food destination within a major tourist attraction in Singapore.

     
  • Secured a 1-year contract (May 2025 to April 2026) valued at $257,540 for cleaning services at an upscale residential condominium development in Singapore.

     
  • Secured a 4-month extension (January through April 2025) valued at $168,150 for public area cleaning services at a prestigious international hotel in Singapore's Central Business District.

     
  • Secured a 1-year contract (January 2025 to January 2026) valued at $148,230 for cleaning services at a mid-sized residential condominium, expanding Primech's residential service portfolio.

Mr. Khazid Omar, Chief Operating Officer of Primech A & P, commented, "We are delighted to announce these significant new contract wins and extensions across multiple sectors. These agreements underscore our clients' confidence in our service quality and reflect our focus on expanding our presence in the premium residential and hospitality markets. As we continue integrating advanced technologies into our operations, we remain committed to delivering exceptional facility services tailored to each client's unique requirements. These contracts provide a strong foundation for our growth trajectory in 2025 and beyond."

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 .    

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:

Investor Relations Contact:        

Matthew Abenante, IRC

President                                        

Strategic Investor Relations, LLC                                         

Tel: 347-947-2093

Email: 



EN
28/05/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on PRIMECH HOLDINGS LTD

 PRESS RELEASE

Primech AI, a Subsidiary of Primech Holdings, Expands to the Hong Kong...

Primech AI, a Subsidiary of Primech Holdings, Expands to the Hong Kong Market Through a Strategic Partnership with ReMining Ai Ltd. SINGAPORE, June 24, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the signing of a strategic partnership with Hong Kong-based ReMining Ai Ltd to expand the deployment of its revolutionary HYTRON autonomous to the Hong Kong market. The companies formally established their collaboration through a signed Memorandum of Understanding (MOU), creating a frame...

 PRESS RELEASE

Primech AI, Subsidiary of Primech Holdings Wins Robotics Category at S...

Primech AI, Subsidiary of Primech Holdings Wins Robotics Category at Singapore Business Review Technology Excellence Awards 2025 SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced that it has been named Winner in the Robotics category at the prestigious Singapore Business Review (SBR) Technology Excellence Awards 2025. This recognition underscores Primech AI’s commitment to innovation and leadership in the robotics industry and its ongoing efforts to drive technologica...

 PRESS RELEASE

Primech AI Signs Lease Agreement with Leading Facilities Management Le...

Primech AI Signs Lease Agreement with Leading Facilities Management Leader for HYTRON LITE Robot Deployment at One of Singapore’s Largest Hospitals SINGAPORE, June 03, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the signing of a two-year lease agreement with one of the leading facility management service providers for the deployment of its innovative HYTRON LITE autonomous bathroom cleaning robot at one of Singapore's largest public hospitals. The two-year agreement represents a m...

 PRESS RELEASE

Primech A&P Secures New Contracts and Extensions Worth Over $2.6 Milli...

Primech A&P Secures New Contracts and Extensions Worth Over $2.6 Million for Q1 2025 SINGAPORE, May 28, 2025 (GLOBE NEWSWIRE) -- Primech A & P, a subsidiary of Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced several newly secured contracts and extensions for the first quarter of 2025, with a total value exceeding $2.59 million. The latest contract wins and extensions include: Secured a 2-year contract (January 2025 to December 2026) value...

 PRESS RELEASE

Primech AI Commences 2-Year Lease Deployment of HYTRON Autonomous Bath...

Primech AI Commences 2-Year Lease Deployment of HYTRON Autonomous Bathroom Cleaning Robot at Major Singapore Shopping Mall    SINGAPORE, May 22, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the successful deployment of its state-of-the-art autonomous bathroom cleaning robot, HYTRON, at one of Singapore's premier lifestyle and shopping destinations. This deployment represents a significant milestone in the Company's mission to revolutionize facility services through advanced robotics...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch