Business UpdateApr 30, 2026, 08:45 AM
PMEC Subsidiaries Win 2 Cleaning Contracts Worth $3.45M
AI Summary
Primech Holdings' 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, which will be recognized over the contract terms. These multi-year industrial contracts are strategically important as they provide recurring service revenue and a base of installed sites for the Company's Hytron autonomous cleaning robot platform, supporting its longer-term technology strategy.
Key Highlights
- Primech Holdings' subsidiaries secured two separate three-year cleaning service contracts.
- Combined estimated contract value is approximately US$3.45 million (S$4.66 million).
- Maint-Kleen Pte Ltd secured a US$1.4 million contract for industrial property sites.
- Primech A & P Pte Ltd secured a US$2.0 million contract for an industrial and business hub.
- These contracts provide recurring revenue and support deployment of the Hytron robotics platform.
- Revenue will be recognized monthly over the contract terms.
Price Impact
More from PMEC