WELLE And Primech Holdings Sign Strategic Cooperation Framework Agreement To Jointly Accelerate Innovation In Industrial Robotics, Intelligent Operations, And Sustainable Environmental Technologies

WELLE Environmental Group Co., Ltd. (300190.SZ) ("WELLE"), a leading energy-saving and environmental technology enterprise in China, and Primech Holdings Ltd. ("Primech Holdings"), a Singapore-based provider of technology-driven facilities services (NASDAQ:PMEC), today announced the signing of a Strategic Cooperation Framework Agreement to jointly accelerate innovation in industrial robotics, intelligent operations, and sustainable environmental technologies.

Under the agreement, both parties will establish a Joint Venture in Singapore, combining WELLE's industry-leading capabilities in environmental governance and bioenergy with Primech Holdings' extensive operational experience and its robotics subsidiary, Primech AI Pte. Ltd. ("Primech AI"). The joint venture will focus on the research, development, and deployment of specialized industrial robots designed for high-risk, complex, and restricted industrial environments, supporting the advancement of intelligent operation and maintenance systems and contributing to global carbon reduction goals.

This partnership represents a major step forward in integrating robotics, environmental engineering, and intelligent facility management, leveraging both parties' complementary strengths to expand application scenarios across industrial, environmental, and energy sectors.

Key Areas of Collaboration

• Joint development of industrial robots tailored for complex industrial environments.
• Application-driven innovation, drawing on WELLE's deep expertise in bioenergy, high-concentration wastewater treatment, and waste-to-resource projects.
• Commercial deployment of robotics and intelligent O&M solutions across WELLE's existing portfolio and Primech Holdings' extensive network of public and private sector clients.

WELLE's Option to Invest in Primech AI

As part of the strategic framework, WELLE has an option, valid until September 2026, to invest in Primech AI. This option underscores both parties' shared long-term vision for scaling robotics solutions across Asia and beyond.

Strengthening a Shared Vision for Sustainable Innovation

Both organizations recognise the rising global demand for intelligent automation in environmental and industrial operations. By combining WELLE's engineering excellence and sustainability leadership with Primech AI's robotics innovation, including its flagship bathroom-cleaning robot, Hytron, the partnership aims to create integrated solutions that enhance safety, efficiency, and environmental performance.