Primech Holdings Limited (NASDAQ:PMEC), a prominent technology-driven facility services provider in Singapore, has announced the signing of several new contracts with a total value exceeding SG$5.6 million (US$4.3 million).
These new agreements reflect Primech’s robust growth and expanding presence across multiple sectors, reinforcing its commitment to delivering top-tier facility services that meet the unique demands of each client and sector.
Primech Holdings Limited (NASDAQ:PMEC) is known for providing comprehensive, technology-driven facility services to both public and private sectors. Its services include general facility maintenance, specialized cleaning solutions, and the manufacture of high-quality cleaning products through its subsidiary, CSG Industries.
By integrating eco-friendly practices and smart technology into its operations, Primech continues to enhance operational efficiency and client satisfaction, positioning itself as a leader in the industry and driving the future of facility services in Singapore and beyond.
Primech Boosts Residential, Welfare Sectors with New Contracts
Among the notable contracts is a five-year deal valued at SG$4.59 million (US$3.54 million) to provide cleaning and pest control services for a major biomedical research hub in Singapore, one of the country’s leading research facilities. This contract, which runs from June 2024 to May 2029, solidifies Primech’s strong foothold in the scientific and research sector.
Additionally, Primech Holdings Limited (NASDAQ:PMEC) secured a two-year contract worth SG$542,400 (US$419,160) for cleaning services at a private residential condominium development, set to begin in October 2024, further strengthening its presence in the premium residential sector.
In September 2024, Primech Holdings Limited (NASDAQ:PMEC) also began a one-year contract valued at SG$216,840 (US$167,571) for cleaning services at a high-end condominium in Singapore’s prestigious Bukit Timah district.
Finally, in July 2024, Primech Holdings Limited (NASDAQ:PMEC) signed a two-year contract worth SG$30,000 (US$23,184) to provide cleaning services for a nonprofit social service institution, reinforcing its role in the welfare sector.
Primech’s CEO, Kin Wai Ho, expressed excitement over these new contracts, noting that they demonstrate the company’s adaptability and its commitment to integrating advanced technological solutions into its operations.
As Primech Holdings Limited (NASDAQ:PMEC) continues to expand its services, these contract wins reflect growing client trust and position the company for future growth and success.
Ho emphasized the company’s tailored approach to meeting the diverse needs of its clients, whether in scientific research facilities or upscale residential developments.
“These new contracts mark an exciting chapter for Primech, reinforcing our role as a pivotal provider of facility services. Our tailored approach ensures that we meet the precise needs of each sector, from cutting-edge research facilities to upscale residential developments.
As we integrate more AI and advanced technological solutions into our operations, our foundational services continue to drive our growth, demonstrating our adaptability and commitment to excellence. These wins reflect our clients’ trust in our capabilities and position us strongly for future expansion and success.”
Kin Wai Ho, Primech’s CEO
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