Primech Holdings Accelerates U.S. Expansion for Primech AI’s Hytron, Selected for SelectUSA Tech Amid Growing Institutional Deployment Pipeline

Primech Holdings (Nasdaq: PMEC) is accelerating U.S. commercialization for Primech AI’s Hytron after selection for SelectUSA Tech and an invitation to the 2026 SelectUSA Investment Summit (May 3–6, 2026).

Rhea-AI Summary

Primech Holdings (Nasdaq: PMEC) is accelerating U.S. commercialization for Primech AI’s Hytron after selection for SelectUSA Tech and an invitation to the 2026 SelectUSA Investment Summit (May 3–6, 2026). Mass production of Hytron began in Q2 2026, and the company reports a growing U.S. deployment pipeline after 350+ qualified CES 2026 leads.

Primech has a Delaware operating entity, an Edwardsville, Illinois office, distribution agreements in multiple international markets, and ongoing discussions with large U.S. facility operators across healthcare, hospitality, transportation, higher education, and CRE.

Positive

• Mass production of Hytron commenced in Q2 2026
• Generated 350+ qualified enterprise leads at CES 2026
• Selection for SelectUSA Tech and invitation to the 2026 Summit
• Established U.S. operating presence: Delaware incorporation and Edwardsville, IL office
• Executed distribution agreements across multiple international markets

Negative

• None.

Argus Apr 23 session

-4.46% close to close Open Argus

Details

News Market Reaction – PMEC

In the Apr 23 session, PMEC declined 4.46%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement underscores Primech’s push to commercialize Hytron in the U.S., building on CES 20...

Analysis

This announcement underscores Primech’s push to commercialize Hytron in the U.S., building on CES 2026 leads, independent >99% bacterial reduction testing, and existing distribution agreements. Selection for SelectUSA Tech and participation in the Investment Summit highlight access to institutional channels. In evaluating impact, investors may focus on conversion of the U.S. deployment pipeline, timing and scale of mass production in 2026, and how new contracts interact with the company’s broader facilities services business and recent financial filings.

Key Figures

FDI deals facilitated: US$139 billion Jobs supported: 32,000 FDI transactions: 175 transactions +5 more

FDI deals facilitated

US$139 billion

Foreign direct investment facilitated by SelectUSA over past year

Jobs supported

32,000

American jobs tied to SelectUSA-facilitated deals over past year

FDI transactions

175 transactions

SelectUSA-facilitated foreign direct investment deals over past year

Summit participants

5,500+

Participants at 2025 SelectUSA Investment Summit

Business investors

2,700+

Business investors at 2025 SelectUSA Investment Summit

Hytron leads

350+ leads

Qualified enterprise leads from 23 countries at CES 2026

Countries engaged

23 countries

Origins of qualified enterprise leads for Hytron at CES 2026

Bacterial reduction

>99%

Hytron independent testing result cited in article

Previous AI Reports

5 past events · Latest: Apr 09

Same Type 5 events

1. Apr 09

   Government pilot win

   24h Move

   +1.6%

   Secured Singapore government collaboration to pilot Hytron in schools.

2. Mar 23

   Distribution agreement

   24h Move

   +1.2%

   Signed South Korea Hytron distribution deal with projected US$4.08M revenue.

3. Jan 15

   CES engagement recap

   24h Move

   -3.9%

   Reported strong CES 2026 engagement, 350+ leads and >99% bacterial reduction.

4. Jan 14

   Media feature

   24h Move

   -3.0%

   Hytron featured in Havas CES Super Stream targeting enterprise decision‑makers.

5. Jan 13

   Award recognition

   24h Move

   +3.1%

   Hytron won a TechRadar Pro Picks Award at CES 2026 with mass production plans.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

selectusa tech, foreign direct investment, autonomous navigation, electrolysed water disinfection, +1 more

5 terms

selectusa tech regulatory

"supported by its selection for the SelectUSA Tech program and participation"

SelectUSA Tech is a U.S. government program that helps technology startups and investors connect with local economic development officials, resources, and regulatory guidance to set up or expand operations in the United States. For investors, it matters because the program can lower the time, cost, and uncertainty of market entry—like a local guide who speeds up permits, introductions and practical steps—making cross‑border deals easier to evaluate and execute.

foreign direct investment financial

"SelectUSA facilitated approximately US$139 billion in foreign direct investment deals"

Foreign direct investment is when an individual or company in one country puts money into and takes lasting control of a business or asset in another country — for example by buying a factory, opening an office, or acquiring a significant ownership stake. It matters to investors because it changes where profits are earned and how companies grow, can alter a country’s economic outlook and currency, and creates long-term opportunities and risks—like planting a permanent branch in a new market rather than making a one-time trade.

autonomous navigation technical

"including ... autonomous navigation, and scheduled cleaning with real-time monitoring"

Autonomous navigation is the technology that allows a vehicle, robot, or vessel to sense its surroundings, make route decisions, and move without constant human control—like a self-guided driver using cameras, sensors, maps and software to find its way. For investors, it matters because it can lower operating costs, enable new business models, and create safety and regulatory challenges that affect a company’s revenue potential and capital needs.

electrolysed water disinfection medical

"includes ... electrolysed water disinfection, autonomous navigation, and scheduled cleaning"

Electrolysed water disinfection is a process that uses electricity to turn ordinary salt and water into a mild disinfectant on site, replacing the need to buy, store and transport traditional chemical cleaners. Investors should note it can lower operating costs, reduce chemical risks and waste, affect capital and maintenance needs, and improve environmental and safety profiles—similar to installing an in‑house water heater instead of relying on delivered hot water.

nvidia jetson orin technical

"highlights integration of the NVIDIA Jetson Orin Super SoM, electrolysed water"

A compact, high-performance computing module that acts like a “brain” for machines, designed to run advanced artificial-intelligence tasks directly inside devices such as robots, drones, industrial machines, and smart cameras. It lets devices make fast decisions without constantly sending data to remote servers, which can cut costs, reduce delays, and unlock new products and services—factors that can drive sales, partnerships, and long-term market growth for companies that build or integrate AI-enabled hardware.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Company Advances Nationwide Commercial Rollout as Demand for Automation Surges Across U.S. Facilities Sector

SINGAPORE, April 23, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), through its autonomous robotics subsidiary Primech AI Pte. Ltd., today announced the acceleration of its U.S. expansion strategy, supported by its selection for the SelectUSA Tech program and participation in the 2026 SelectUSA Investment Summit (May 3–6, 2026, National Harbor, Maryland) following an invitation from the U.S. Embassy in Singapore. This acceleration positions Primech to capitalize on intensifying enterprise demand for AI-powered facility automation and supports the Company’s long-term growth strategy through institutional-scale commercial deployment in the world’s largest facilities services market.

The Company is actively advancing a growing pipeline of commercial deployment opportunities across the United States for Hytron, its flagship fully autonomous AI-powered restroom cleaning system, as enterprise demand intensifies for scalable automation solutions addressing persistent labor shortages and rising operating costs.

Primech’s participation comes at a landmark bilateral moment as Singapore and the United States mark 60 years of diplomatic relations and the United States celebrates the 250th anniversary of its independence. According to the U.S. Department of Commerce, SelectUSA facilitated approximately US$139 billion in foreign direct investment deals over the past year, supporting more than 32,000 American jobs across 175 transactions, with the 2025 Summit drawing more than 5,500 participants and over 2,700 business investors from more than 100 countries.

Following successful showcases at CMS Berlin and the Tokyo Building & Maintenance Show, and its North American debut at CES 2026, Primech is now executing the next phase of its global strategy: large-scale commercial deployment in the United States.

Hytron generated more than 350 qualified enterprise leads from 23 countries at CES 2026, including significant engagement from U.S.-based operators across healthcare, hospitality, transportation, higher education, and commercial real estate. The Company is currently progressing discussions with multiple large-scale U.S. facility operators, including leading hospitality and institutional services providers. Mass production of Hytron commenced in the second quarter of 2026, and Primech has executed distribution agreements across multiple international markets to support scaled commercial rollout.

Primech has already established a foundational U.S. operating platform to support commercialization and scale, including its Delaware incorporation, Edwardsville, Illinois office, and operational collaborations with robotic service and distribution partners. The Company is evaluating opportunities to expand its U.S. footprint further, including deployment infrastructure, servicing capabilities, and potential localized operations to support nationwide scale.

Primech’s selection for SelectUSA Tech highlights its alignment with key U.S. priorities including workforce resilience, supply chain diversification, and the integration of advanced automation into institutional operations. Hytron has demonstrated greater than 99% bacterial reduction in independent testing and received a TechRadar Pro Picks Award at CES 2026.

“The United States represents the most significant near-term growth opportunity for Primech AI,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited. “Our selection for SelectUSA Tech and the invitation from the U.S. Embassy in Singapore reflect the tangible operational investments we have made to prepare for scaled U.S. commercialization, from our Delaware subsidiary and Edwardsville office to active engagement with leading American institutional operators. With Hytron mass production having commenced in the second quarter of 2026, distribution agreements in place across multiple international markets, and a clear pipeline of U.S. enterprise deployment opportunities, we are positioned to convert this momentum into meaningful commercial traction, expanded U.S. operational capabilities, and long-term value creation for Primech shareholders.”

During the Summit, Primech will engage with U.S. state and local economic development organizations, federal agency representatives, and prospective commercial and channel partners to advance Hytron deployment, expand strategic partnerships, and accelerate U.S. market entry. The Company will provide updates on the outcomes of these engagements through subsequent investor communications.

About Primech Holdings Limited

Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) 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. For more information, visit www.primechholdings.com.

About Primech AI

Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited, is a robotics company dedicated to developing autonomous, AI-powered solutions for commercial facility operations. Its flagship product, HYTRON, is a fully autonomous AI-powered restroom cleaning robot engineered to enhance hygiene standards, reduce labor dependency, and support sustainability initiatives across high-traffic environments including airports, healthcare facilities, hotels, transportation hubs, educational institutions, and commercial real estate. For more information, visit www.primech.ai.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, for example, statements about anticipated U.S. market expansion, commercial deployments, partnership development, manufacturing initiatives, and long-term shareholder value creation. 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 identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to,” or other similar expressions. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, some of which are beyond the Company’s control. Actual results may differ materially from those projected. 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. For a discussion of risk factors, please refer to the Company’s filings with the U.S. Securities and Exchange Commission, which are available on the SEC’s website at www.sec.gov.

Contact

Primech Holdings Limited

Investor Relations

ir@primechholdings.com

www.primechholdings.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Primech (PMEC) announce about U.S. expansion on April 23, 2026?

Primech announced acceleration of U.S. commercialization and selection for SelectUSA Tech ahead of the May 2026 Summit. According to the company, Hytron mass production began in Q2 2026 and a U.S. operating platform is already in place to support scaled rollout.

Has Primech started mass production of Hytron and when will U.S. deployments begin?

Yes. Primech says mass production began in Q2 2026. According to the company, it is progressing commercial discussions with multiple large U.S. facility operators and will provide deployment updates through subsequent investor communications.

How large is Primech's commercial interest pipeline for Hytron after CES 2026?

Primech reported over 350 qualified enterprise leads from CES 2026 across 23 countries. According to the company, significant engagement came from U.S. operators in healthcare, hospitality, transportation, higher education, and commercial real estate.

What U.S. infrastructure has Primech established to support Hytron commercialization?

Primech has a Delaware incorporation and an operational office in Edwardsville, Illinois to support U.S. commercialization. According to the company, it also works with robotic service and distribution partners to enable nationwide scale.

Why does Primech say SelectUSA Tech selection matters for PMEC shareholders?

Primech frames the selection as alignment with U.S. priorities like workforce resilience and supply chain diversification. According to the company, this supports institutional deployment efforts and long-term commercial traction in the U.S. facilities market.