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Primech Holdings Unveils New Subsidiary Focused on Robotic Cleaning Solutions

Primech Holdings Limited (Nasdaq: PMEC) ("Primech" or the "Company"), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, is pleased to announce the launch of Primech AI Pte. Ltd. (“Primech AI”) as an operating subsidiary that will focus on creating robotic-based solutions catering to the vast demands for efficient and autonomous cleaning technology.

Primech AI consists of eleven employees, led by Charles Ng, Vice President of Innovation and Technology at Primech Holdings and Co-Founder, COO of Primech AI. Charles’s expertise in robotics was developed during his tenure as the Head of Capability Development at DSTA.

The inception of Primech AI traces back to 2022, when Kin Wai Ho, the Chairman of Primech Holdings, and Vernon Kwek, the Co-Founder of Primech Holdings, embarked on a mission to establish an AI Robotics entity tailored for facility services. This initiative took shape with the establishment of a robotics laboratory under the guidance of Charles Ng, Vice President of Innovation and Technology at Primech Holdings. After the AI robotics laboratory was established, a collaborative partnership took shape with Richard Zhang (Co-Founder, CTO of Primech AI), due to his invaluable expertise and prior groundbreaking work on a revolutionary robotic arm. In 2023, the foundational work to formalize Primech’s AI robotics laboratory operations and launch Primech AI as a subsidiary operation began.

With patents pending, Primech AI will release Hytron Mark 1, a fully autonomous AI-powered toilet cleaning robot by the end of fourth quarter of 2024. It will feature 3D-cleaning and use electrolyzed water for enhanced efficiency, making it an ideal solution for modern sanitation needs.

Hytron’s versatile design and advanced machine learning capabilities make it adaptable to various facilities, including airports, hospitals, commercial buildings, schools, hotels, and shopping malls. It can learn and optimize cleaning patterns, ensuring thorough cleaning and high hygiene standards, leading to seamless operations and improved user satisfaction.

Mr. Kin Wai Ho, Chief Executive Officer of Primech, said, "The launch of Primech AI marks a significant milestone in our journey toward a smarter, more sustainable future and is a testament to our commitment to innovation."

Charles Ng, Vice President of Innovation and Technology of Primech Holdings and Co-Founder, COO of Primech AI said, "Primech AI’s revolutionary toilet-cleaning robot uses cutting-edge AI and empowers businesses to elevate their standards of hygiene while optimizing operations like never before."

Primech AI will be attending the CleanEnviro Summit Singapore (CESG) from June 19 to June 21 at the Sands Expo & Convention Centre (Marina Bay Sands) in Singapore, where Primech AI will be showcasing its Hytron Mark 1, a fully autonomous AI-powered toilet-cleaning robot for conference attendees at booth C10.

Organized by Singapore's National Environment Agency, the biennial CleanEnviro Summit Singapore (CESG) is a global platform for thought leaders, industry captains, and policymakers to convene, connect as well as consider solutions for enabling a sustainable and clean environment. This year will mark the sixth edition of the Summit and will deep-dive into three pillars: Climate action, resource circularity, and public hygiene.

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