Primech Holdings Secures Approximately US$24.8 Million Four-Year Contract at a Major Asian Aviation Hub, Adding Significant Recurring Revenue Visibility

SINGAPORE, May 07, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (NASDAQ:PMEC) ("Primech" or the "Company"), an established technology-driven facility solutions service provider serving public and private sectors across Singapore, today announced that its wholly owned subsidiary, Primech A & P Pte. Ltd. ("Primech A & P"), has been awarded a four-year cleaning services contract with an estimated value of approximately US$24.8 million. The contract was awarded by one of Asia's largest aviation hubs and covers routine and periodic cleaning services across multiple levels of a high-volume passenger terminal.
The award represents one of the most significant single-contract wins in Primech's operating history and further extends the Company's growing portfolio of multi-year institutional