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Primech AI Partners with Leading Japanese Hotel Group to Launch HYTRON

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Primech AI, a subsidiary of Primech Holdings (Nasdaq: PMEC), has signed a two-year MoU with Golden Rim Investment , a Japanese hotel owner, for the pilot deployment of HYTRON, an AI-powered toilet-cleaning robot. The deployment will take place in selected hotels across Hakata, Kagoshima, and Sapporo, covering facilities within three hotels comprising approximately 260 rooms.

The agreement, signed on December 09, 2024, includes comprehensive maintenance, technical support, and staff training by Primech AI. The pilot project aims to demonstrate HYTRON's capabilities in enhancing cleanliness standards and operational efficiency through automated robotic solutions. This initiative represents the first phase of Primech AI's strategic plan to deploy HYTRON cleaning robots in Japan through targeted partnerships.

Primech AI, una sussidiaria di Primech Holdings (Nasdaq: PMEC), ha firmato un memorandum d'intesa di due anni con Golden Rim Investment, un proprietario giapponese di hotel, per il pilotaggio di HYTRON, un robot per la pulizia dei bagni alimentato da intelligenza artificiale. Il dispiegamento avverrà in hotel selezionati nelle città di Hakata, Kagoshima e Sapporo, coprendo strutture all'interno di tre hotel che comprendono circa 260 camere.

Il contratto, firmato il 9 dicembre 2024, include manutenzione completa, supporto tecnico e formazione del personale da parte di Primech AI. Il progetto pilota ha come obiettivo quello di dimostrare le capacità di HYTRON nel migliorare gli standard di pulizia e l'efficienza operativa tramite soluzioni robotiche automatizzate. Questa iniziativa rappresenta la prima fase del piano strategico di Primech AI per introdurre i robot per la pulizia HYTRON in Giappone attraverso partnership mirate.

Primech AI, una subsidiaria de Primech Holdings (Nasdaq: PMEC), ha firmado un memorando de entendimiento por dos años con Golden Rim Investment, un propietario de hoteles japonés, para el despliegue piloto de HYTRON, un robot de limpieza de baños impulsado por inteligencia artificial. El despliegue tendrá lugar en hoteles seleccionados en Hakata, Kagoshima y Sapporo, abarcando instalaciones dentro de tres hoteles que comprenden aproximadamente 260 habitaciones.

El acuerdo, firmado el 9 de diciembre de 2024, incluye mantenimiento integral, soporte técnico y capacitación del personal por parte de Primech AI. El proyecto piloto tiene como objetivo demostrar las capacidades de HYTRON para mejorar los estándares de limpieza y la eficiencia operativa a través de soluciones robóticas automatizadas. Esta iniciativa representa la primera fase del plan estratégico de Primech AI para implementar robots de limpieza HYTRON en Japón a través de asociaciones específicas.

Primech AIPrimech Holdings (Nasdaq: PMEC)의 자회사로, 일본의 호텔 소유주인 Golden Rim Investment와 함께 HYTRON, 인공지능 기반의 화장실 청소 로봇의 파일럿 배포를 위한 2년간의 양해각서(MoU)를 체결했습니다. 배포는 하카타, 가고시마, 삿포로 지역의 선택된 호텔들에서 이루어지며, 약 260개의 객실을 포함한 3개의 호텔 시설을 다룰 것입니다.

2024년 12월 9일에 서명된 계약에는 Primech AI에 의한 포괄적인 유지보수, 기술 지원 및 직원 교육이 포함됩니다. 이 파일럿 프로젝트는 자동화된 로봇 솔루션을 통해 HYTRON의 청결 기준 향상 및 운영 효율성 증대를 보여주는 것을 목표로 하고 있습니다. 이 이니셔티브는 Primech AI가 일본에 HYTRON 청소 로봇을 배포하기 위한 전략적 계획의 첫 번째 단계입니다.

Primech AI, une filiale de Primech Holdings (Nasdaq: PMEC), a signé un protocole d'accord de deux ans avec Golden Rim Investment, un propriétaire d'hôtel japonais, pour le déploiement pilote de HYTRON, un robot de nettoyage de toilettes alimenté par intelligence artificielle. Le déploiement aura lieu dans des hôtels sélectionnés à Hakata, Kagoshima et Sapporo, couvrant des installations au sein de trois hôtels comprenant environ 260 chambres.

L'accord, signé le 9 décembre 2024, comprend une maintenance complète, un support technique et une formation du personnel par Primech AI. Le projet pilote vise à démontrer les capacités d'HYTRON à améliorer les normes de propreté et l'efficacité opérationnelle grâce à des solutions robotiques automatisées. Cette initiative représente la première phase du plan stratégique de Primech AI pour déployer des robots de nettoyage HYTRON au Japon grâce à des partenariats ciblés.

Primech AI, eine Tochtergesellschaft von Primech Holdings (Nasdaq: PMEC), hat ein zweijähriges Memorandum of Understanding mit Golden Rim Investment, einem japanischen Hotelbesitzer, unterzeichnet, um den Pilotbetrieb von HYTRON, einem KI-gesteuerten Toilettenreinigungsroboter, zu starten. Der Einsatz wird in ausgewählten Hotels in Hakata, Kagoshima und Sapporo erfolgen, die insgesamt etwa 260 Zimmer in drei Hotels abdecken.

Die am 9. Dezember 2024 unterzeichnete Vereinbarung umfasst umfassende Wartung, technischen Support und Schulung des Personals durch Primech AI. Das Pilotprojekt zielt darauf ab, die Fähigkeiten von HYTRON zur Verbesserung der Sauberkeitsstandards und der operativen Effizienz durch automatisierte Robotlösungen zu demonstrieren. Diese Initiative stellt die erste Phase des strategischen Plans von Primech AI dar, um HYTRON-Reinigungsroboter in Japan durch gezielte Partnerschaften einzuführen.

Positive
  • Strategic entry into Japanese market through partnership with established hotel group
  • Two-year pilot program with potential for extension
  • Access to 3 hotels with 260 rooms for initial deployment
Negative
  • to pilot phase with no guaranteed long-term commitment
  • Investment required in maintenance, support, and training infrastructure

Insights

This MoU with a Japanese hotel group represents a strategic market entry but carries immediate financial impact. The pilot deployment across just 3 hotels with 260 rooms provides a modest initial footprint for HYTRON's market validation. Key technical advantages of HYTRON include fully automated operation and AI-powered cleaning capabilities, which could yield operational cost savings through reduced labor requirements and improved efficiency.

The two-year pilot duration suggests this is primarily a proof-of-concept phase rather than a revenue-generating commercial rollout. While Japan's hospitality sector presents significant automation opportunities given its labor shortage challenges, meaningful revenue impact would require successful pilot completion and broader commercial adoption. For a company with a $28.2M market cap, even full deployment across these properties would likely generate modest revenue relative to market size.

In simpler terms: Think of this as a "test drive" phase - while getting a foot in the Japanese market is positive, the real value will come if the robots prove themselves and lead to bigger deals across Japan's massive hotel industry. Right now, it's more about proving the technology works than making significant money.

 

Revolutionizing Cleanliness with Fully Automated AI-Powered Cleaning Robotic Solutions in Japan

SINGAPORE, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI"), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC) has signed a Memorandum of Understanding (MoU) with Golden Rim Investment Limited, a leading Japanese hotel owner overseeing three hotels with approximately 260 rooms. The MoU provides for the pilot deployment of HYTRON, an AI-powered, fully automated toilet-cleaning robot, in selected hotels in Hakata, Kagoshima, and Sapporo.

Under the MoU, Primech AI will supply and install HYTRON robots in designated facilities in the three hotels, adhering to a jointly developed timeline and installation plan. The pilot is designed to showcase HYTRON’s capabilities in elevating cleanliness standards and operational efficiency through advanced robotic solutions. The MoU, signed on December 09, 2024, is set for a two-year duration, with an option for extension by mutual agreement.

Primech AI will deliver comprehensive maintenance and technical support during the pilot phase, ensuring the robots operate smoothly and meet performance expectations. In addition, Primech AI will conduct staff training for the hotels, scheduled to meet mutual requirements and ensure the effective operation and maintenance of the robots.

Primech AI’s Commitment to Industry-Leading Cleaning Standards

Charles Ng, Chief Operating Officer of Primech AI, expressed excitement about the collaboration, highlighting the significance of partnering with one of Japan’s premier hotel management portfolios. “This collaboration marks the first phase in our strategic plan to deploy HYTRON cleaning robots in Japan through targeted partnerships,” said Mr. Ng. “Primech AI is proud to introduce innovative, AI-driven and in-house developed technology that optimizes cleaning efficiency, reduces operational costs, and delivers unparalleled cleanliness in commercial environments.”

This pilot project aligns with Primech AI’s commitment to innovation in the facility services sector. It underscores the Company's dedication to raising cleanliness standards globally through advanced robotics and AI technology.

About Golden Rim Investment Limited

Golden Rim Investment Limited is a distinguished hotel owner renowned for its exceptional hospitality and prime locations across Japan. With three prestigious properties in the bustling tourist areas of Hakata, Kagoshima, and Sapporo, the hotels offer approximately 260 well-appointed rooms designed to cater to both leisure and business travelers. Each hotel boasts modern amenities, outstanding service, and convenient access to popular attractions, dining, and shopping areas, ensuring an unforgettable experience for guests.

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 duration of Primech AI's (PMEC) HYTRON robot deployment agreement in Japan?

The MoU is set for a two-year duration with an option for extension by mutual agreement.

How many hotels will implement Primech AI's (PMEC) HYTRON cleaning robots in Japan?

The HYTRON robots will be deployed in three hotels located in Hakata, Kagoshima, and Sapporo, covering approximately 260 rooms.

What services will Primech AI (PMEC) provide during the HYTRON pilot program?

Primech AI will provide robot supply and installation, comprehensive maintenance, technical support, and staff training during the pilot phase.

When did Primech AI (PMEC) sign the MoU for HYTRON deployment in Japanese hotels?

The MoU was signed on December 09, 2024.

What is the purpose of Primech AI's (PMEC) HYTRON robot deployment in Japanese hotels?

The deployment aims to showcase HYTRON's capabilities in elevating cleanliness standards and operational efficiency through advanced robotic solutions.

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