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Primech AI Launches Global Robotics as a Service (RaaS) Initiative with Chinachem Group Partnership

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Primech AI, a subsidiary of Primech Holdings (Nasdaq: PMEC), announces the launch of its global Robotics as a Service (RaaS) initiative, starting with a strategic partnership with CCG Property Services in Hong Kong. The company has signed a two-year MoU to deploy HYTRON, an AI-powered toilet cleaning robot, in selected facilities including Nina Tower 1.

This deployment is part of Primech AI's broader initiative to roll out 300 cleaning robots across Singapore, Hong Kong, and Dubai. The HYTRON robot, integrated with advanced NVIDIA technology including the Jetson Orin Nano Super, utilizes NVIDIA's software suite for enhanced AI capabilities.

The company plans to expand its RaaS offering to additional markets including Australia, Europe, and the United States, addressing industry challenges such as labor shortages, hygiene standards, and operational costs through its proprietary AI-driven technology.

Primech AI, una sussidiaria di Primech Holdings (Nasdaq: PMEC), annuncia il lancio della sua iniziativa globale Robotics as a Service (RaaS), iniziando con una partnership strategica con CCG Property Services a Hong Kong. L'azienda ha firmato un MoU di due anni per implementare HYTRON, un robot per la pulizia dei bagni alimentato dall'IA, in strutture selezionate tra cui Nina Tower 1.

Questa implementazione fa parte di un'iniziativa più ampia di Primech AI per distribuire 300 robot per la pulizia in Singapore, Hong Kong e Dubai. Il robot HYTRON, integrato con la tecnologia avanzata di NVIDIA, incluso il Jetson Orin Nano Super, utilizza la suite software di NVIDIA per migliorare le capacità dell'IA.

L'azienda prevede di espandere la sua offerta RaaS a ulteriori mercati, tra cui Australia, Europa e Stati Uniti, affrontando le sfide del settore come la carenza di manodopera, gli standard igienici e i costi operativi attraverso la sua tecnologia proprietaria basata sull'IA.

Primech AI, una subsidiaria de Primech Holdings (Nasdaq: PMEC), anuncia el lanzamiento de su iniciativa global Robotics as a Service (RaaS), comenzando con una asociación estratégica con CCG Property Services en Hong Kong. La empresa ha firmado un MoU de dos años para implementar HYTRON, un robot de limpieza de baños impulsado por IA, en instalaciones seleccionadas, incluyendo Nina Tower 1.

Esta implementación es parte de una iniciativa más amplia de Primech AI para desplegar 300 robots de limpieza en Singapur, Hong Kong y Dubái. El robot HYTRON, integrado con la avanzada tecnología de NVIDIA, incluyendo el Jetson Orin Nano Super, utiliza la suite de software de NVIDIA para mejorar las capacidades de IA.

La empresa planea expandir su oferta de RaaS a mercados adicionales, incluyendo Australia, Europa y Estados Unidos, abordando desafíos de la industria como la escasez de mano de obra, los estándares de higiene y los costos operativos a través de su tecnología impulsada por IA.

프라임치 AI는 프라임치 홀딩스(Nasdaq: PMEC)의 자회사로, 홍콩의 CCG 프로퍼티 서비스와의 전략적 파트너십을 시작으로 전 세계 서비스로서의 로봇(RaaS) 이니셔티브를 출시한다고 발표했습니다. 이 회사는 선택된 시설, 특히 니나 타워 1에 AI 기반 화장실 청소 로봇 HYTRON을 배치하기 위한 2년간의 양해각서를 체결했습니다.

이 배치는 프라임치 AI의 300대 청소 로봇을 싱가포르, 홍콩 및 두바이에 배포하기 위한 더 넓은 이니셔티브의 일환입니다. HYTRON 로봇은 NVIDIA의 Jetson Orin Nano Super를 포함한 첨단 기술과 통합되어 있으며, AI 기능을 향상시키기 위해 NVIDIA의 소프트웨어 스위트를 활용합니다.

회사는 호주, 유럽 및 미국을 포함한 추가 시장으로 RaaS 제공을 확장할 계획이며, 인력 부족, 위생 기준 및 운영 비용과 같은 산업 문제를 자체 AI 기반 기술을 통해 해결할 예정입니다.

Primech AI, une filiale de Primech Holdings (Nasdaq: PMEC), annonce le lancement de son initiative mondiale Robotics as a Service (RaaS), en commençant par un partenariat stratégique avec CCG Property Services à Hong Kong. L'entreprise a signé un protocole d'accord de deux ans pour déployer HYTRON, un robot de nettoyage de toilettes alimenté par IA, dans des installations sélectionnées, y compris la Nina Tower 1.

Ce déploiement fait partie d'une initiative plus large de Primech AI pour déployer 300 robots de nettoyage à Singapour, Hong Kong et Dubaï. Le robot HYTRON, intégré à la technologie avancée de NVIDIA, y compris le Jetson Orin Nano Super, utilise la suite logicielle de NVIDIA pour améliorer les capacités d'IA.

L'entreprise prévoit d'étendre son offre RaaS à d'autres marchés, y compris l'Australie, l'Europe et les États-Unis, en répondant aux défis de l'industrie tels que la pénurie de main-d'œuvre, les normes d'hygiène et les coûts opérationnels grâce à sa technologie propriétaire alimentée par l'IA.

Primech AI, eine Tochtergesellschaft von Primech Holdings (Nasdaq: PMEC), kündigt den Start ihrer globalen Initiative Robotics as a Service (RaaS) an, beginnend mit einer strategischen Partnerschaft mit CCG Property Services in Hongkong. Das Unternehmen hat ein zweijähriges Memorandum of Understanding (MoU) unterzeichnet, um HYTRON, einen KI-gesteuerten Toilettenreinigungsroboter, in ausgewählten Einrichtungen, einschließlich Nina Tower 1, einzusetzen.

Diese Bereitstellung ist Teil einer umfassenderen Initiative von Primech AI, 300 Reinigungsroboter in Singapur, Hongkong und Dubai einzuführen. Der HYTRON-Roboter, der mit fortschrittlicher NVIDIA-Technologie, einschließlich des Jetson Orin Nano Super, integriert ist, nutzt die Software-Suite von NVIDIA zur Verbesserung der KI-Fähigkeiten.

Das Unternehmen plant, sein RaaS-Angebot auf weitere Märkte, einschließlich Australien, Europa und die Vereinigten Staaten, auszuweiten, um branchenspezifische Herausforderungen wie Arbeitskräftemangel, Hygienestandards und Betriebskosten durch seine proprietäre KI-gesteuerte Technologie anzugehen.

Positive
  • Global expansion into new markets starting with Hong Kong
  • Strategic partnership with major property developer Chinachem Group
  • Planned deployment of 300 cleaning robots across multiple countries
  • Integration of advanced NVIDIA technology enhancing product capabilities
Negative
  • None.

Insights

Primech Holdings' (NASDAQ: PMEC) launch of its Robotics as a Service (RaaS) business line represents a strategic pivot that could transform its revenue model and market reach. The MoU with Chinachem Group's CCG Property Services establishes an important first international deployment of their HYTRON cleaning robots, beyond their Singapore home market.

The planned deployment of 300 cleaning robots across Singapore, Hong Kong, and Dubai signals meaningful scale, with further expansion targeted in major markets including Australia, Europe, and the US. This suggests a deliberate globalization strategy rather than an isolated initiative.

The RaaS model is particularly significant as it converts what would typically be large capital expenditures into recurring revenue streams, potentially improving both revenue predictability and margins. This subscription-based approach aligns with industry trends toward service-based technology models.

The technical integration with NVIDIA's advanced AI components (Jetson Orin Nano Super) provides HYTRON with competitive differentiation in the growing commercial cleaning robotics market, where labor shortages are driving automation adoption.

For a company with a modest $30.16 million market cap, this expansion represents a material business development that could substantially impact future financial performance if successful implementation follows this announcement.

                                                                                   


Pioneering AI-Powered Cleaning Technology Deployment Marks Strategic Expansion into Hong Kong Market

SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI") or (the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), is proud to announce the launch of its innovative Robotics as a Service (RaaS) business line, revolutionizing the cleaning solutions industry. This strategic initiative addresses critical industry challenges including labor shortages, hygiene standards, and operational costs through proprietary AI-driven technology.

As part of this global expansion strategy, Primech AI has signed a Memorandum of Understanding (MoU) with CCG Property Services, a subsidiary of Hong Kong's leading property developer Chinachem Group, to deploy HYTRON, an AI-powered fully automated toilet cleaning robot, in selected facilities managed by CCG Property Services in Hong Kong.

Figure 1: Nina Tower 1 in Hong Kong, where Primech AI's HYTRON will be deployed.

The deployment of HYTRON marks the initial phase of Primech AI's bold initiative to roll out 300 cleaning robots across Singapore, Hong Kong, and Dubai. This expansion reinforces the company’s position as a technology leader in autonomous cleaning solutions for facility services and sanitation.

"This collaboration marks a significant milestone in our global expansion of our Robotics as a Service solution," said Charles Ng, Chief Operating Officer of Primech AI. "While our cleaning services continue to serve the Singapore market, we are extending the Raas business model making it accessible internationally, beginning with this strategic partnership in Hong Kong's premier property portfolio."

Under the two-year MoU, Primech AI will supply and install HYTRON robots in designated facilities, including the iconic Nina Tower 1, with comprehensive maintenance, technical support, and staff training. CCG Property Services will integrate the robots into daily operations, showcasing HYTRON's capabilities in elevating cleanliness standards and operational efficiency.

Primech AI envisions a long-term expansion of HYTRON into additional global markets, including Australia, Europe, and the United States, bringing cutting-edge cleaning solutions to more regions worldwide. Beyond this initial deployment, the company also plans to extend its Robotics-as-a-Service (RaaS) offering to these markets, further enhancing accessibility of its advanced cleaning technology on a global scale.

“Beyond advancing automation in the traditional cleaning industry, this deployment marks a significant milestone for Primech Holdings Limited. It demonstrates our ability to expand internationally and provide cutting-edge cleaning solutions across borders. By working with esteemed partners like Chinachem Group and CCG Property Services, we are proving that our technology is not only effective but also scalable on a global level. This is just the beginning of our vision to redefine commercial cleaning through AI and robotics.” said Kin Wai Ho, CEO of Primech Holdings Limited. This initiative underscores Primech Holdings' commitment to transforming the cleaning industry through advanced technology while expanding its global footprint beyond its traditional Singapore base.

Primech AI's self-developed HYTRON bathroom cleaning robot is integrated with advanced NVIDIA technology. The latest HYTRON model incorporated the NVIDIA Jetson Orin Nano Super, a state-of-the-art System-on-Module (SoM) designed for robust edge AI and robotics applications. The HYTRON robot also uses a suite of NVIDIA software, including CUDA, CuDNN, TensorRT, and NVIDIA Driver, to optimize its AI capabilities.  This combination of hardware and software allows HYTRON to deliver superior processing speed, efficiency, and reliability in its cleaning tasks.

About Chinachem Group

Founded in 1960, Chinachem Group is a private real estate company in Hong Kong, with a portfolio covering residential, commercial, retail and industrial buildings for sales and investment, in addition to operating hotels and property management services as well as elderly services.

Dedicated to making better places to live, work and raise future generations in Hong Kong and beyond, the Group seeks to deliver lasting commercial, social and environmental benefits.

Please visit www.chinachemgroup.com/en

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.   

About Primech AI

Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

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: ir@primech.com.sg

Investor Relations Contact:
 
Matthew Abenante, IRC
President   
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com


FAQ

What is the scope of Primech AI's (PMEC) new robotics deployment plan?

Primech AI plans to deploy 300 cleaning robots across Singapore, Hong Kong, and Dubai, starting with the HYTRON deployment in Hong Kong's Nina Tower 1.

How long is PMEC's partnership agreement with CCG Property Services?

The Memorandum of Understanding (MoU) with CCG Property Services is for a two-year period.

What technology powers Primech AI's HYTRON cleaning robot?

HYTRON uses NVIDIA Jetson Orin Nano Super and NVIDIA software suite including CUDA, CuDNN, TensorRT, and NVIDIA Driver.

Which international markets is PMEC targeting for future expansion?

Primech AI plans to expand its RaaS offering to Australia, Europe, and the United States.

Primech Holdings Ltd.

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