Primech AI Announces Distribution Agreement To Expand HYTRON Into South Korea, Expected To Generate ~$4.08M In Projected Revenue Over Three Years

Primech AI Pte. Ltd. ("Primech AI" or the "Company"), a subsidiary of Primech Holdings Limited (NASDAQ:PMEC), today announced a distribution agreement to expand HYTRON into South Korea, a partnership expected to generate approximately US $4.08 million in projected revenue over three years while establishing a scalable commercial footprint in one of Asia's most advanced automation markets.

Under the agreement, the partner will serve as Primech AI's authorized distributor in South Korea, leading localized marketing, sales, deployment, and technical support for Hytron to drive commercial adoption and support scalable deployment across the territory.

The partnership follows a structured rollout beginning with an initial trial phase, after which the distributor may transition into an exclusive multi-year distribution arrangement with defined minimum order commitments, providing a clear pathway to scaled deployment upon successful market validation.

Based on the agreed minimum order quantities and unit pricing, the agreement is expected to generate approximately US$4.08 million in cumulative revenue over three years, comprising an initial trial order followed by contractually structured increasing annual commitments.