Rectitude Announces Supply Relationship for Innovative New Energy Solutions in Southeast Asia
December 04 2024 - 7:30AM
Rectitude Holdings Ltd. (Nasdaq: RECT; the “Company” or
“Rectitude”), a Singapore-based provider of safety equipment and
related industrial products, today announced it has entered into a
memorandum of understanding (MOU) with Nanjing Starship Intelligent
Storage Technology Co. to provide its All-in-one Intelligence
Micro-grid System (“AIMS” or “AST-05”), a next-generation energy
storage solution with the potential to transform how industries
manage power.
As part of the Company’s ASTRIA Series, the AIMS
is an all-in-one energy storage solution designed to manage power
from multiple sources, including renewable energy and diesel
generators, for both on-grid and off-grid applications. It features
intelligent energy management, dual charging circuits, and remote
monitoring to optimize energy use. The new product’s key benefits
include zero-emission operation when integrated with renewable
sources, substantial cost savings through reduced fuel consumption,
scalability to meet various energy needs, and reliable,
long-lasting performance. Ideal for industries such as
construction, mining, and rural electrification, the AIMS delivers
efficient, flexible, and sustainable power solutions.
“This partnership with Nanjing Starship serves
as a milestone in our long-term strategic goals to provide
innovative solutions to enhance workplace safety. As we continue to
innovate in our field, we are focused on providing the highest
quality products to our partners and customers. The micro-grid
system is transforming energy management by offering scalable,
flexible, and efficient power solutions,” said Jian Zhang,
Chairman, Chief Executive Officer, and Executive Director at
Rectitude. “This innovation sets a new benchmark in energy storage,
providing potential revenue growth, expanding product range, and
ultimately strengthening our leading position in the industry. We
are excited to be partnering with such a high-profile company, and
believe this is just the starting point of what is to come in the
future.”
As companies work to reduce carbon footprints
and energy costs, Rectitude is leading the transition to power
electric equipment at job sites in diverse locations. The AIMS
enables businesses to shift from emission-heavy generators to
renewable energy, advancing energy management and driving
industries toward a sustainable future.
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 Global Phone: +1 (646) 717-4593 Email:
jlin@lambert.com
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