Primech AI Secures Foothold in Europe's Rapidly Growing €10+ Billion Service Robotics Market Through Strategic Partnership with TCOrobotics GmbH

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SINGAPORE, April 29, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte.Ltd.("Primech AI" or the "Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced its strategic entry into the European market through a Memorandum of Understanding (MOU) with TCOrobotics GmbH, establishing a distribution framework for its innovative HYTRON, AI-powered autonomous bathroom cleaning robots across Germany, Austria, and Switzerland (DACH region).

"Europe represents an exceptional growth opportunity for Primech AI, with the EU service robotics market experiencing double-digit annual growth driven by labor shortages, technological advances, and increasing acceptance of automation solutions," said Charles Ng, Co-Founder and Chief Operating Officer of Primech AI.

The region's high labor costs, aging workforce, and strict hygiene standards in commercial facilities create ideal conditions for Primech AI's HYTRON robots, which offer cost-effective, consistent cleaning performance.

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Author / Journalist: Primech Holdings Ltd.

Category: Technology

Markets: ChinaAustriaGermanySingaporeSwitzerland

Topics: Nasdaq:PMEC SGXZ14489751

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 12:30:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 878 words

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News ID: 28285749

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