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Nov 04, 2024

Primech AI, a Subsidiary of Primech Holdings, Launches AI-Powered Automated Toilet Cleaning Robot, Hytron | PMEC Stock News

Primech AI, a subsidiary of Primech Holdings (Nasdaq: PMEC), has launched Hytron, an AI-powered automated toilet cleaning robot, at Temasek Polytechnic. The robot features advanced AI navigation,

Primech AI, a subsidiary of Primech Holdings (Nasdaq: PMEC), has launched Hytron, an AI-powered automated toilet cleaning robot, at Temasek Polytechnic. The robot features advanced AI navigation, force-sensitive sensors, and 3D recognition technologies, enabling precise cleaning within one millimeter accuracy. Hytron targets high-traffic areas like offices, malls, and hospitals, addressing the growing demand for automated cleaning solutions. The global commercial cleaning products market is projected to reach USD 121.29 billion by 2023, with a CAGR of 7.91% from 2024 to 2030.

Primech AI, una sussidiaria di Primech Holdings (Nasdaq: PMEC), ha lanciato Hytron, un robot per la pulizia automatica dei servizi igienici alimentato dall'intelligenza artificiale, presso il Temasek Polytechnic. Il robot è dotato di avanzate tecnologie di navigazione AI, sensori sensibili alla forza e riconoscimento 3D, che consentono una pulizia precisa con un'accuratezza di un millimetro. Hytron è progettato per aree ad alto traffico come uffici, centri commerciali e ospedali, rispondendo alla crescente domanda di soluzioni di pulizia automatizzate. Si prevede che il mercato globale dei prodotti per la pulizia commerciale raggiunga 121,29 miliardi di dollari USA entro il 2023, con un tasso di crescita annuale composto (CAGR) del 7,91% dal 2024 al 2030.

Primech AI, una subsidiaria de Primech Holdings (Nasdaq: PMEC), ha lanzado Hytron, un robot de limpieza automática para inodoros impulsado por inteligencia artificial, en el Temasek Polytechnic. El robot cuenta con tecnologías avanzadas de navegación AI, sensores sensibles a la fuerza y tecnologías de reconocimiento 3D, lo que permite una limpieza precisa con una precisión de un milímetro. Hytron está dirigido a áreas de alto tráfico como oficinas, centros comerciales y hospitales, atendiendo la creciente demanda de soluciones de limpieza automatizadas. Se prevé que el mercado global de productos de limpieza comercial alcance los 121.29 mil millones de USD para 2023, con una tasa compuesta de crecimiento anual (CAGR) del 7.91% desde 2024 hasta 2030.

Primech AI, Primech Holdings의 자회사(Nasdaq: PMEC),가 Hytron이라는 인공지능 기반 자동 변기 청소 로봇을 Temasek Polytechnic에서 출시했습니다. 이 로봇은 고급 AI 내비게이션, 힘 감지 센서, 및 3D 인식 기술을 갖추고 있어 1mm의 정확도로 정밀한 청소가 가능합니다. Hytron은 사무실, 쇼핑몰, 병원과 같은 고속통행 지역을 대상으로 하여 자동화 청소 솔루션에 대한 증가하는 수요를 해결하고 있습니다. 글로벌 상업 청소 제품 시장은 2023년까지 1212.9억 달러에 이를 것으로 예상되며, 2024년부터 2030년까지 연평균 성장률(CAGR)은 7.91%에 이를 것으로 보입니다.

Primech AI, une filiale de Primech Holdings (Nasdaq: PMEC), a lancé Hytron, un robot de nettoyage automatique de toilettes alimenté par l'IA, au Temasek Polytechnic. Le robot est équipé d'une navigation AI avancée, de capteurs sensibles à la pression et de technologies de reconnaissance 3D, permettant un nettoyage précis avec une précision d'un millimètre. Hytron cible des zones à fort trafic telles que les bureaux, les centres commerciaux et les hôpitaux, répondant à la demande croissante de solutions de nettoyage automatisées. Le marché mondial des produits de nettoyage commercial devrait atteindre 121,29 milliards USD d'ici 2023, avec un taux de croissance annuel composé (CAGR) de 7,91 % entre 2024 et 2030.

Primech AI, eine Tochtergesellschaft von Primech Holdings (Nasdaq: PMEC), hat Hytron, einen KI-gestützten automatischen Toilettenreinigungsroboter, am Temasek Polytechnic vorgestellt. Der Roboter verfügt über fortschrittliche KI-Navigation, druckempfindliche Sensoren und 3D-Erkennungstechnologien, die eine präzise Reinigung mit einer Genauigkeit von einem Millimeter ermöglichen. Hytron richtet sich an stark frequentierte Bereiche wie Büros, Einkaufszentren und Krankenhäuser und reagiert auf die wachsende Nachfrage nach automatisierten Reinigungslösungen. Der weltweite Markt für kommerzielle Reinigungsprodukte wird bis 2023 voraussichtlich 121,29 Milliarden USD erreichen, mit einer jährlichen Wachstumsrate (CAGR) von 7,91 % von 2024 bis 2030.

The launch of Hytron represents a significant technological advancement in the commercial cleaning sector. The robot's sub-millimeter precision and force-sensitive sensors demonstrate sophisticated engineering that addresses a 121.29 billion market opportunity. With a projected CAGR of 7.91% through 2030, the timing is strategic.

The deployment at Temasek Polytechnic serves as a important proof-of-concept for Primech AI. The successful implementation in a high-traffic educational setting validates the technology's reliability and effectiveness. This positions PMEC to potentially capture significant market share in the growing automated cleaning solutions space, particularly in densely populated Asian markets where hygiene standards are increasingly stringent.

While innovative, investors should note that market adoption rates for such specialized robotics can be gradual and the initial deployment scope is The technology's success will depend heavily on demonstrable ROI for facility managers and the company's ability to scale manufacturing while maintaining quality.

Hytron Enhances Hygiene Standards at Temasek Polytechnic, Marks a Monumental Leap in Cleaning Technology

SINGAPORE, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd., a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), announces the launch of Hytron, a cutting-edge AI-powered automated toilet cleaning robot, now operational and enhancing hygiene standards at Temasek Polytechnic. This innovative technology introduces unprecedented levels of cleaning efficiency, setting new benchmarks in the industry.

(Primech AI's COO, Charles Ng, and CTO, Richard Zhang, proudly commemorate the successful deployment of the Hytron robot at Temasek Polytechnic. Image: Primech AI)

Hytron is engineered to address the high demands for cleanliness in high-traffic areas such as offices, malls, and hospitals. Equipped with advanced AI, Hytron autonomously navigates and cleans toilet fixtures with a precision down to less than one millimeter, surpassing conventional cleaning methods. Its ability to navigate in three-dimensional spaces and perform touch-based cleaning allows it to remove stubborn stains effectively, ensuring a thorough and consistent clean every time.

The technical superiority of Hytron lies in its integration of force-sensitive sensors and 3D recognition technologies, enabling it to adapt and respond to the nuances of different cleaning environments. This level of precision and adaptability sets Hytron apart from competitors, highlighting its unique position in the market.

"The launch of Hytron at Temasek Polytechnic has already shown fantastic results, with significant improvements in restroom cleanliness and overall hygiene," said Charles Ng, Vice President of Innovation and Technology at Primech Holdings and Co-Founder COO of Primech AI. "Hytron not only elevates the standard of cleanliness but also enhances the operational efficiency for facilities managers, offering a scalable solution that meets the growing global demands for hygiene."

The market potential for restroom-cleaning robots like Hytron is vast. With the global commercial cleaning products market projected to reach USD 121.29 billion by 2023, according to data from market research and consulting firm Grand View Research, growing at a CAGR of 7.91% from 2024 to 2030, the introduction of automated solutions like Hytron is timely. This growth is driven by increasing hygiene awareness and the need for more efficient cleaning solutions in public and private spaces worldwide.

Primech AI, in collaboration with Temasek Polytechnic, plans to expand this cleaning initiative by introducing more robots to clean more toilets on campus, modernizing, streamlining, and humanizing toilet cleaning processes. Hytron’s successful deployment marks the beginning of its potential expansion into other cleaning applications, reinforcing Primech AI’s position as a leader in the field of robotic cleaning solutions. This technology not only promises to revolutionize the way cleaning tasks are approached but also offers substantial cost savings and health benefits, making it a game-changer in the cleaning industry.

Additional images of Hytron in operation can be found at https://primech.ai/

See Hytron in action at https://www.youtube.com/watch?v=HBFBTs5vRjs

(Hytron being deployed at Temasek Polytechnic, autonomously executing a restroom cleaning cycle, leveraging advanced AI algorithms for precise positioning and optimal task completion.Image:Primech AI)

About Primech Holdings LimitedHeadquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore, with expanding operations in Malaysia. With a legacy of excellence and innovation in the facility services industry, Primech’s operating subsidiary, Primech A & P, 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. Additionally, CSG Industries Pte Ltd, a subsidiary of Primech Holdings, manufactures and supplies various high-quality cleaning products under its brand, extending its reach and capabilities within the industry. Known for its commitment to sustainability and cutting-edge technology, Primech 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 AIPrimech 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 StatementsCertain 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.

Company Contact:Email: [email protected]

Investor Relations Contact: Matthew Abenante, IRCPresident Strategic Investor Relations, LLC Tel: 347-947-2093Email: [email protected]