Rectitude Secures Initial Sales Contracts for Innovative New Energy Solutions, Entering the Multi-Billion-Dollar Green Energy Market in Southeast Asia
23 Dezembro 2024 - 9:45AM
Rectitude Holdings Ltd. (Nasdaq: RECT; the “Company” or
“Rectitude”), a Singapore-based provider of safety equipment and
related industrial products, today announced that it has secured
its first sales contracts for its new product, the All-in-One
Intelligence Micro-grid System (“AIMS”). These contracts are
expected to generate approximately USD 1 million in revenue. With
the launch of AIMS and Rectitude’s expansion into Thailand, the
Company is well-positioned to further growth across Southeast Asia.
The achievement follows Rectitude’s recent
announcement of a strategic supply relationship with Nanjing
Starship Intelligent Storage Technology Co. to deliver innovative
new energy solutions in Southeast Asia. The successful sale of AIMS
and entering a new country represent a key step in the Company’s
strategy to penetrate a forecasted multi-billion-dollar Southeast
Asian new energy solutions market and further strengthen
Rectitude’s strategic expansion across the region.
“We have been actively executing our strategy to
enter the green energy market by offering our all-in-one energy
storage solution, targeting industries such as construction,
mining, and rural electrification,” said Jian Zhang, Chairman,
Chief Executive Officer, and Executive Director at Rectitude. “The
initial sale of our AIMS product underscores our ability to deliver
high-value, adaptable energy storage solutions while driving
revenue growth and increasing profit margins, showcasing our
success in penetrating new markets and rapidly expanding our
presence and product offerings.”
The AIMS is designed to provide scalable,
flexible, and integrated energy storage and management solutions
tailored to the specific needs of diverse industries. With a focus
on innovation and sustainability, Rectitude continues to strengthen
its position as a leading provider of safety equipment, related
industrial products, and energy solutions in Southeast Asia.
About Rectitude
Founded in 1997 in Singapore, Rectitude is
principally involved in the provision of safety equipment,
encompassing essential items such as personal protective clothing,
gloves, safety footwear, personal fall arrest systems, portable
fire extinguishers and traffic products. The Company also offers
auxiliary products such as industrial hardware tools and electrical
hardware required for construction sites. Rectitude’s products and
solutions are marketed to a wide array of distributor networks and
end markets, both in Singapore and increasingly throughout the
Southeast Asian region, including Brunei, Cambodia, Malaysia,
Indonesia, and Vietnam.
For more information, please visit the Company’s
website: https://ir.rectitude.com.sg
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company's proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs, including the expectation that the Offering will be
successfully completed. Investors can identify these
forward-looking statements by words or phrases such as
“approximates,” “believes,” “hopes,” “expects,” “anticipates,”
“estimates,” “projects,” “intends,” “plans,” “will,” “would,”
“should,” “could,” “may” or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please
contact:
Rectitude Investor Relations Email: ir@rectitude.com.sg
Jackson Lin Lambert by LLYC Phone: +1 (646) 717-4593 Email:
jian.lin@llyc.global
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