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Primech AI Joins The GEAR Community Access Programme to Accelerate Innovation in Robotics and Built Environment Technologies

1. Primech AI joins The GEAR Community Access Programme in Singapore. Opportunity for innovation and collaboration. 2. Access to cutting-edge facilities boosts its HYTRON robotics development. Enhances product showcase potential. 3. Partnership unlocks collaboration with Kajima's global business units. Strengthens market positioning.

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Why Bullish?

The collaboration provides immediate access to advanced facilities, likely accelerating development and adoption of HYTRON. Similar partnerships in the tech and robotics sectors have historically boosted investor sentiment and short-term stock performance.

How important is it?

The access to a globally respected innovation hub and enhanced industry networking positions PMEC for accelerated product development and potential revenue increases. This strategic move is significant enough to impact PMEC’s market outlook as seen in analogous industry cases.

Why Short Term?

This news is expected to drive near-term investor enthusiasm and market reaction as product innovations and new deals are announced. Past announcements of strategic collaborations in similar industries have led to quick price appreciations.

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PMEC
February 25, 2025 08:45 ET  | Source: Primech Holdings Ltd. SINGAPORE, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced its acceptance into The GEAR Community Access Programme, hosted at The Kajima Lab for Global Engineering, Architecture & Real Estate. (The GEAR, Kajima's state-of-the-art global hub in Singapore) The GEAR, Kajima's state-of-the-art global hub in Singapore, serves as a centerpiece for innovation in the built environment sector, focusing on accelerating digitalization and technological advancement. This program gives Primech AI access to The GEAR's cutting-edge facilities and a vibrant ecosystem of industry leaders and innovators. "Joining The GEAR Community Access Programme represents a significant opportunity for Primech AI to collaborate with industry leaders and further enhance our robotics solutions," said Charles Ng, Chief Operating Officer of Primech AI. "This partnership aligns perfectly with our mission to revolutionize the cleaning industry through technological innovation, particularly through our HYTRON autonomous cleaning robots." The partnership provides Primech AI with: Access to The GEAR's advanced facilities and innovation hubOpportunities for collaboration with Kajima's business units and ecosystem partnersA platform for showcasing and demonstrating its autonomous cleaning solutionsParticipation in industry events and networking opportunities Primech AI's flagship product, the HYTRON autonomous toilet cleaning robot, has already demonstrated success through its deployment at Temasek Polytechnic. The Company's participation in The GEAR Community Access Programme is expected to accelerate the development and adoption of its innovative cleaning solutions across Singapore's built environment sector. About The GEARThe Kajima Lab for Global Engineering, Architecture & Real Estate (The GEAR) is Kajima's global innovation hub in Singapore, dedicated to accelerating the digitalization of the built environment sector. The facility serves as a collaborative space for industry partners, fostering innovation and technological advancement in construction and real estate development. About Primech Holdings LimitedHeadquartered 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 AIPrimech 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 StatementsCertain 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, IRCPresidentStrategic Investor Relations, LLCTel: 347-947-2093Email: matthew@strategic-ir.com

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