Primech AI Launches Global Robotics as a Service (RaaS) Initiative with Chinachem Group Partnership
Pioneering AI-Powered Cleaning Technology Deployment Marks Strategic Expansion into Hong Kong Market
SINGAPORE - Media OutReach Newswire - 4 March 2025 - 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.
Figure 1: Nina Tower 1 in Hong Kong, where Primech AI's HYTRON will be deployed.
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.
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.
The issuer is solely responsible for the content of this announcement.
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.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
17 minutes ago
- Bloomberg
Academic Publishers Sign AI Deals as Trump Cuts Research Funding
Academic publishers are rushing to sign licensing deals with artificial intelligence companies, carving out a new revenue stream as US research funding cuts dim their outlook. Informa Plc 's Taylor & Francis signed a $10 million deal with Microsoft Corp. last year to provide the tech giant access to part of its library to train large language models, or LLMs. Bloomsbury Publishing Plc is looking to 'monetize academic content through AI deals,' it said in its latest set of results, while John Wiley & Sons Inc. announced partnerships with Amazon Web Services and Perplexity earlier this year.
Time Business News
22 minutes ago
- Time Business News
Corrado Garibaldi: The Contrarian Trader Who Profits When Others Panic
In the high-stakes world of Trading Invest Celebrity Italy, where herd mentality often leads to costly mistakes, one investor has built his success on a simple but ruthless principle: When others zig, zag. Corrado Garibaldi—better known in finance circles as Lord Conrad—has carved a reputation as a maverick trader who thrives on going against the grain. His mantra? 'Buy the fear. Sell the euphoria.' The Unconventional Path to Trading Mastery Unlike Wall Street's typical Ivy League-educated financiers, Garibaldi is a self-made trader with no formal finance background. An Italian native, he entered the markets out of necessity, driven by a desire to take control of his financial future. 'I never studied economics or attended business school,' he admits. 'I learned by doing—making mistakes, refining strategies, and realizing that most people lose money because they follow the crowd.' The Contrarian Edge: Why 99.9999% of Traders Are Wrong Garibaldi's core philosophy is rooted in contrarian investing—a strategy that capitalizes on market overreactions. 'When everyone is buying, I'm selling. When panic sets in, I'm buying,' he says. 'The masses are almost always wrong at extremes. That's where the real opportunities lie.' This approach has allowed him to profit from major market swings, whether during the crypto crashes of 2022 or the AI stock frenzy of 2024. Two Sides of the Same Coin: Trader by Day, Investor by Night Garibaldi operates in two distinct modes: As a trader, he's a speed-focused tactician, scalping the Nasdaq and executing swing trades with military precision. As an investor, he's a patient wealth-builder, holding long-term positions in giants like Apple, Microsoft, and Tesla while diversifying into bonds and crypto. His portfolio strategy? 99% long-term holdings, 1% high-octane trading—a balance that maximizes growth while keeping risk in check. The Trader's Mindset: Why Psychology Beats IQ For Garibaldi, trading isn't just about charts—it's about mastering fear and greed. 'Most traders fail because they let emotions drive decisions,' he says. 'The key is to stay mechanical. Follow the plan, not the panic.' He enforces strict rules: ✔ Never risk more than 1% on a single trade ✔ Always use stop-losses ✔ Ignore hype—trade the data, not the narrative 2025 and Beyond: Adapt or Die In an era of AI-driven markets and geopolitical volatility, Garibaldi remains agile—constantly refining strategies and engaging with traders worldwide via social media. 'Markets change. If you're not learning, you're losing,' he warns. Final Word: The Slow Road to Trading Success For aspiring traders, Garibaldi's advice is refreshingly honest: 'This isn't a get-rich-quick game. Consistency beats luck. Small, smart gains compound over time—that's how real wealth is built.' Want to see his strategies in action? Visit Trading Invest Celebrity Italy. TIME BUSINESS NEWS
Yahoo
32 minutes ago
- Yahoo
United Airlines disables Starlink on jets after cockpit-radio disruptions
The Brief United Airlines grounded Starlink WiFi on Embraer E175 jets due to cockpit radio interference. Pilots reported static while communicating with air traffic control after Starlink antennae were installed. United and SpaceX say the issue is minor and expect service to resume after testing. LOS ANGELES - Pilots aboard some United Airlines regional jets experienced a surprising form of turbulence recently — radio static tied to Elon Musk's Starlink satellite internet system. According to a report from The Wall Street Journal, United has temporarily disabled Starlink-powered Wi-Fi on its Embraer E175 aircraft after pilots experienced interference while communicating with air traffic control. Though the airline says the issue was not considered a safety risk, the static was traced back to newly installed Starlink antennae. United is now working with SpaceX to investigate and resolve the issue, which may delay the rollout of the high-speed satellite internet system on more aircraft. What we know Initial findings offer a limited but telling view of the issue, which appears to be directly tied to Starlink's recent onboard installation and its interaction with cockpit radio systems. Roughly two dozen United Embraer E175 jets had been outfitted with Starlink equipment. Pilots began experiencing static during radio transmissions, prompting a pause in service. United issued a statement calling the issue "fairly common" with new Wi-Fi installations. The Points Guy first reported the shutdown, citing internal memos and a public statement. Starlink service remains suspended on the affected aircraft as tests continue. What we don't know Despite the swift pause in service, key questions remain about the scope of the interference and whether it could pose broader challenges as Starlink expands in commercial aviation. Whether the static interference could escalate under different flight conditions. How quickly the issue can be resolved and Starlink Wi-Fi restored. Whether other airlines using Starlink have experienced similar communication issues. The backstory Starlink, the satellite internet provider owned by Elon Musk's SpaceX, has rapidly expanded its presence in commercial aviation, marketing itself as a faster, more consistent alternative to traditional inflight Wi-Fi systems. The company has already signed deals with several airlines and boasts global coverage through its low-Earth orbit satellite network. But its rollout hasn't been entirely smooth. While high-speed connections are appealing to travelers, compatibility with sensitive cockpit electronics is now under scrutiny after this United incident. What they're saying "United and Starlink teams are working together to address a small number of reports of static interference during the operation of the Wi-Fi system," the airline said in a statement published by The Points Guy. "This is fairly common with any new airline Wi-Fi provider. We expect the service to be back up and running on these aircraft soon." Neither the FAA nor SpaceX has commented publicly on the issue, though both are expected to weigh in if additional safety testing is required. Big picture view This isn't just about in-flight Wi-Fi. The incident highlights how deeply Elon Musk's businesses are embedded in critical infrastructure — from internet satellites to rockets transporting astronauts to the ISS. It also comes at a time when confidence in air travel safety is already shaky due to aircraft malfunctions and staffing shortages in U.S. aviation. What's next United and SpaceX are expected to release an update after reviewing the interference issue. In the meantime, the airline has halted the Starlink rollout on additional aircraft. If the problem persists, it could spark wider industry concern — not only about in-flight internet safety, but about how much of the travel and tech ecosystem now depends on Musk's companies. The Source This report draws primarily from The Wall Street Journal, which first linked Starlink equipment to radio interference aboard United regional jets. Additional details were provided by The Points Guy, which obtained and published United Airlines' public statement. No FAA or SpaceX statements have been issued as of publication.
