Primech Wins $24M Singapore Public Sector Cleaning Contract

Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Group"), through its subsidiary Primech A & P Pte. Ltd. ("Primech A & P"), today announced the successful award of a major public sector contract to provide integrated cleaning services across six prominent hawker and food centres in Singapore. The contract carries a total value of approximately US$24.0 million over a 4+1-year performance-based term, strengthening the Group's recurring revenue base and long-term earnings visibility.This contract reinforces Primech's established position within Singapore's environmental services sector and highlights its proven ability to secure and execute large-scale public infrastructure mandates. It further reflects the Group's track record of delivering consistent, high-quality cleaning solutions, increasingly supported by technology-driven operational efficiencies.Comprehensive, Performance-Based Service ScopeUnder the contract, Primech A & P will deliver a fully integrated suite of cleaning and facility support services across all six locations, including general cleaning and maintenance, toilet cleaning and sanitation, table-cleaning services, Centralised Dishwashing Services (CDW), pest control management, and full compliance with Singapore's GreenGov sustainability standards. The breadth of services positions Primech as a single-source operator for high-traffic public environments, enabling operational consistency, cost efficiency, and scalable service delivery across multiple sites.The contract is structured with a strong emphasis on innovation, automation, data-driven performance management and operational excellence, incorporating:Cleaning Process Automation (CPA) to enhance labour productivity and improve service consistency.Cleaning Management Systems (CMS) to enable real-time monitoring, performance tracking, and data-driven decision-making.Deployment of advanced technologies to optimize workforce allocation, elevate service standards, and support margin expansion over time. Strengthening Market Position Through InnovationThis contract underscores Primech's strategic focus on integrating automation and digital infrastructure into its core service delivery model, aligning with Singapore's broader shift towards smart, green urban infrastructure. The inclusion of advanced technologies and real-time management systems reflects the Group's ability to operationalize innovation at scale within complex, high-traffic public settings.By embedding automation and data-driven oversight into daily operations, Primech is strengthening its competitive positioning while enhancing productivity, service consistency, and long-term margin potential. This approach positions the Group to capitalize on the ongoing transformation of the environmental services sector toward higher-efficiency, technology-enabled solutions.