Primech Holdings Limited (NASDAQ:PMEC) announced plans to accelerate its expansion in the United States for Hytron, its autonomous restroom cleaning robot, after being selected for the SelectUSA Tech program.
The company confirmed it will attend the 2026 SelectUSA Investment Summit, scheduled for May 3–6 in National Harbor, Maryland, following an invitation from the U.S. Embassy in Singapore. Primech added that mass production of Hytron began in the second quarter of 2026.
Strong interest following CES showcase
Primech said it generated more than 350 enterprise leads from 23 countries at CES 2026, including interest from U.S. operators across healthcare, hospitality, transportation, higher education, and commercial real estate sectors.
The company is currently in talks with several large-scale facility operators in the U.S.
Building U.S. presence
To support its expansion, the Singapore-based firm has established a U.S. operational footprint, including incorporation in Delaware and an office in Edwardsville, Illinois. It has also secured distribution agreements in multiple international markets.
Hytron demonstrated over 99% bacterial reduction in independent testing and received a TechRadar Pro Picks Award at CES 2026, according to the company.
CEO highlights commercial momentum
“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,” said Ken Ho, Chairman and Chief Executive Officer.
Financial backdrop and market performance
Primech, which has a market capitalization of approximately $26.12 million, is working toward improving profitability. The company reported revenue of $75.47 million over the past twelve months with a gross margin of 16%, though it remains unprofitable. Shares have fallen about 65% over the past six months to $0.68.
Engagement at SelectUSA summit
During the summit, Primech plans to connect with U.S. state and local economic development agencies, federal representatives, and potential commercial partners.
According to the U.S. Department of Commerce, the SelectUSA initiative facilitated roughly $139 billion in foreign direct investment deals over the past year.
Broader business developments
Primech AI Pte. Ltd., a subsidiary of Primech Holdings, focuses on robotics and automation, while the parent company provides facilities services in Singapore.
Recently, Primech A & P Pte. Ltd. secured a public sector contract worth approximately $24 million to deliver integrated cleaning services across six hawker and food centers in Singapore under a 4+1-year performance-based agreement.
The company also won around $33 million in multi-year contracts with a Singapore university for cleaning and on-site waste management services through 2030.
Additional residential cleaning and waste management contracts worth about $5.02 million were also awarded, with durations ranging from one to three years.
Separately, Primech AI signed a distribution agreement to bring its Hytron robots to South Korea, a deal expected to generate about $4.08 million in revenue over three years based on minimum order commitments and pricing terms.