Primech Holdings Signs MOU with GAIB for Tokenization of Robotics
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Primech Holdings Ltd. (PMEC) has signed a Memorandum of Understanding with GAIB to tokenize its HYTRON autonomous cleaning robots, aiming to create AI Robotics-as-a-Service (ARaaS) business models. This partnership will enable fractional ownership and liquid secondary markets for robot investments, addressing capital constraints and enhancing operational efficiency. The latest analyst rating for PMEC stock is a Hold with a $1.50 price target, while Spark's AI Analyst rates it as Neutral, citing challenges in profitability and financial stability. Primech Holdings, based in Singapore, specializes in technology-driven facilities services.
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