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Reading: Primech A & P Named Finalist for Prestigious Sustainability Award
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Wall St. Bolt > Blog > Stock Market News > Primech A & P Named Finalist for Prestigious Sustainability Award
Stock Market News

Primech A & P Named Finalist for Prestigious Sustainability Award

Wall St. Bolt Editorial Team
Last updated: 2024/10/18 at 3:31 PM
Wall St. Bolt Editorial Team 7 months ago
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Primech Holdings Limited (NASDAQ:PMEC), a leading technology-driven facility services provider in Singapore, announced that its subsidiary, Primech A & P Pte. Ltd., has been named a finalist for The Singapore Apex Corporate Sustainability Awards in the “LowCarbonSG” category.

This recognition highlights the company’s achievements in cutting carbon emissions by at least 5% in the past two years, underscoring its commitment to sustainability through significant efforts and investments.

The Awards, organized by the UN Global Compact Network Singapore, aim to honor businesses that implement exceptional sustainability practices that benefit both the environment and their communities.

Primech A & P has made significant strides in reducing its environmental impact by adopting innovative technologies.

Primech Holdings Limited (NASDAQ:PMEC) has integrated autonomous cleaning solutions, invested in electric vehicles, and introduced energy-efficient equipment, all of which contribute to minimizing its carbon footprint.

Additionally, its “HomeHelpy” platform improves service efficiency by reducing the emissions traditionally associated with facility management services.

Primech, Leading the Way in Green Tech Innovation

Primech Holdings Limited (NASDAQ:PMEC) is at the forefront of modernizing facility services, leveraging advanced technologies like artificial intelligence to boost operational efficiency and enhance worker safety.

CEO Kin Wai Ho emphasized that this nomination reflects the company’s dedication to driving change in the industry.

Primech Holdings Limited (NASDAQ:PMEC) has not only adapted to industry trends but has also led them by developing cleaning robotics and implementing smart workflows, which reduce the physical strain on employees while lowering costs for its partners worldwide.

We are not merely adapting to changes; we are leading them by developing cleaning robotics and implementing smart workflow controls to minimize the physical demands on our staff and reduce operational costs for our partners globally.”

Kin Wai Ho, Primech CEO

In response to the global demand for advanced cleaning solutions, especially during the health crisis, the company has accelerated the automation of its services, including the development of proprietary technologies like a robotic toilet-cleaning system.

Mr. Ho noted that the company’s broader goal is to evolve into a scalable, automation-focused business model that can revolutionize facility services on a global scale. This nomination highlights Primech Holdings Limited (NASDAQ:PMEC)’s leadership in sustainability and technological innovation, positioning it to set new industry standards.

Our vision is to extend beyond traditional boundaries and evolve into a scalable, globally replicable automation business model that revolutionizes cleaning services worldwide.”

Kin Wai Ho, Primech CEO

Read also: Primech Wins SG$5.6M in New Sector Contracts and Lakeside Holding Reports 42.3% Revenue Surge for FY 2024.

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TAGGED: Primech Holdings Limited (NASDAQ:PMEC)
Wall St. Bolt Editorial Team October 13, 2024
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Posted by Wall St. Bolt Editorial Team
The Wall St. Bolt Editorial Team consists of experienced market analysts and financial writers who are passionate about delivering timely, accurate, and insightful financial news. With backgrounds in economics, journalism, and market research, the team works collectively to provide expert coverage of global markets.
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