Rectitude Delivers First Batch of AIMS Products to Singapore Customers, Expanding Green Energy Offerings in Southeast Asia
February 19 2025 - 4:05PM
Rectitude Holdings Ltd. (Nasdaq: RECT; the “Company” or
“Rectitude”), a Singapore-based provider of safety equipment and
related industrial products, today announced the successful
delivery of its first batch of All-in-One Intelligence Micro-grid
System (“AIMS”) to customers in Singapore in February 2025. This
milestone marks the product’s debut in Singapore and reinforces the
Company’s commitment to advancing green energy solutions in
Southeast Asia.
The initial sale included two AIMS AST 05 and
twelve 6800/2350B mobile power stations, generating S$450,000 in
revenue. With on-site support from Rectitude’s AIMS project team,
the AIMS AST 05 systems were seamlessly integrated into the local
electrical grid and have been operating efficiently. The mobile
power stations were quickly delivered to various Singapore
companies across different industries. Additionally, new orders for
the mobile power stations have been secured, highlighting strong
market demand.
This achievement follows Rectitude’s launch of
its innovative new energy solutions in Thailand in December 2024
enabling the Company to enter the multi-billion-dollar green energy
market in Southeast Asia. This first sale in Singapore, where the
Company is headquartered, represents a pivotal step in its strategy
to establish a strong presence in the region’s rapidly growing
sustainable energy sector.
"This first sale in Singapore is a significant
milestone for our company and a major step in our expansion
strategy,” said Jian Zhang, Chairman, Chief Executive Officer, and
Executive Director at Rectitude. “By introducing AIMS, our
next-generation energy storage solution, we aim to support
Singapore’s transition to cleaner and more sustainable energy
sources. As the country accelerates its energy transition under the
Singapore Green Plan 2030, we anticipate tremendous opportunities
for green energy solutions. We believe the successful launch of
AIMS in Singapore will serve as a strong foundation for our
continued growth across 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,
statements regarding the Company’s future business plans, market
expansion strategies, and growth opportunities. 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. 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
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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