Primech A&P, a Subsidiary of Primech Holdings, Secures Major Contract Extension Worth Over $8.3 Million
Primech A&P, a subsidiary of Primech Holdings (NASDAQ:PMEC), has secured a significant 2-year contract extension worth S$10.65 million (US$8.3 million) to provide comprehensive cleaning services at a prominent Singapore institution.
The renewal strengthens Primech A&P's position in Singapore's institutional cleaning market and demonstrates the company's ability to maintain long-term client relationships while generating predictable revenue streams. Ken Chang, Head of Operations, emphasized that this extension validates their strategic focus on high-value institutional partnerships and showcases their consistent service excellence.
Primech A&P, una controllata di Primech Holdings (NASDAQ:PMEC), ha ottenuto un importante rinnovo contrattuale biennale del valore di 10,65 milioni di dollari di Singapore (8,3 milioni di dollari USA) per fornire servizi di pulizia completi presso una rinomata istituzione di Singapore.
Il rinnovo rafforza la posizione di Primech A&P nel mercato delle pulizie istituzionali di Singapore e dimostra la capacit脿 dell'azienda di mantenere rapporti duraturi con i clienti, generando al contempo flussi di ricavi prevedibili. Ken Chang, Responsabile delle Operazioni, ha sottolineato che questa estensione conferma la loro strategia focalizzata su partnership istituzionali di alto valore e mette in evidenza la loro costante eccellenza nel servizio.
Primech A&P, una filial de Primech Holdings (NASDAQ:PMEC), ha asegurado una importante extensi贸n de contrato por 2 a帽os valorada en 10,65 millones de d贸lares de Singapur (8,3 millones de d贸lares estadounidenses) para ofrecer servicios integrales de limpieza en una destacada instituci贸n de Singapur.
La renovaci贸n fortalece la posici贸n de Primech A&P en el mercado de limpieza institucional de Singapur y demuestra la capacidad de la empresa para mantener relaciones duraderas con los clientes, generando ingresos predecibles. Ken Chang, Jefe de Operaciones, destac贸 que esta extensi贸n valida su enfoque estrat茅gico en asociaciones institucionales de alto valor y muestra su constante excelencia en el servicio.
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鞚措矆 瓿勳暯 臧膘嫚鞚� 鞁标皜韽ゴ 旮瓣磤 觳唽 鞁滌灔鞐愳劀 Primech A&P鞚� 鞛呾毳� 臧曧檾頃橂┌, 鞛リ赴 瓿犼皾 甏�瓿勲ゼ 鞙犾頃橁碃 鞓堨浮 臧�電ロ暅 靾橃澋鞚� 彀届稖頃樀鐢 須岇偓鞚� 鞐焿鞚� 鞛呾頃╇媹雼�. 鞖挫榿 毂呾瀯鞛愳澑 Ken Chang鞚� 鞚措矆 鞐办灔鞚� 瓿犽秬臧�臧�旃� 旮瓣磤 韺岉姼雱堨嫮鞐� 雽�頃� 鞝勲灥鞝� 歆戩鞚� 頇曥澑鞁滌紲欤茧┌, 歆�靻嶌爜鞚� 靹滊箘鞀� 鞖办垬靹膘潉 氤挫棳欷�雼り碃 臧曥“頄堨姷雼堧嫟.
Primech A&P, filiale de Primech Holdings (NASDAQ:PMEC), a obtenu une importante prolongation de contrat de 2 ans d'une valeur de 10,65 millions de dollars de Singapour (8,3 millions de dollars US) pour fournir des services de nettoyage complets dans une institution de premier plan 脿 Singapour.
Ce renouvellement renforce la position de Primech A&P sur le march茅 du nettoyage institutionnel 脿 Singapour et d茅montre la capacit茅 de l'entreprise 脿 maintenir des relations clients 脿 long terme tout en g茅n茅rant des flux de revenus pr茅visibles. Ken Chang, responsable des op茅rations, a soulign茅 que cette extension valide leur orientation strat茅gique vers des partenariats institutionnels 脿 forte valeur ajout茅e et met en avant leur excellence constante en mati猫re de service.
Primech A&P, eine Tochtergesellschaft von Primech Holdings (NASDAQ:PMEC), hat einen bedeutenden zweij盲hrigen Vertragsverl盲ngerung im Wert von 10,65 Millionen Singapur-Dollar (8,3 Millionen US-Dollar) gesichert, um umfassende Reinigungsdienste bei einer renommierten Institution in Singapur bereitzustellen.
Die Verl盲ngerung st盲rkt die Position von Primech A&P auf dem institutionellen Reinigungsmarkt in Singapur und zeigt die F盲higkeit des Unternehmens, langfristige Kundenbeziehungen zu pflegen und gleichzeitig vorhersehbare Einnahmequellen zu generieren. Ken Chang, Leiter der Betriebsabteilung, betonte, dass diese Verl盲ngerung ihren strategischen Fokus auf hochwertige institutionelle Partnerschaften best盲tigt und ihre konstante Service-Exzellenz unterstreicht.
- Secured significant contract extension worth US$8.3 million
- Contract provides predictable, recurring revenue stream for 2 years
- Demonstrates ability to retain major institutional clients
- None.
SINGAPORE, July 08, 2025 (GLOBE NEWSWIRE) -- Primech A & P, a subsidiary of Primech Holdings Limited (the 鈥淐ompany鈥�) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced a 2-year contract extension valued at S
This contract renewal, a significant revenue contribution for Primech Holdings鈥� facility services subsidiary, reinforces Primech A & P's competitive positioning in Singapore's institutional cleaning market. Primech A & P's proven track record of delivering reliable, high-touch facilities services enabled the Company to retain major institutional clients and generate predictable, recurring revenue streams.
Ken Chang, Head of Operations at Primech A & P, stated, "This S
About Primech Holdings Limited
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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听. 听听听
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.
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Matthew Abenante, IRC
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