Business
Rectitude Announces Supply Relationship for Innovative New Energy Solutions in Southeast Asia
SINGAPORE, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Rectitude Holdings Ltd. (Nasdaq: RECT; the “Company” or “Rectitude”), a Singapore-based provider of safety
About this update from Rectitude Holdings Ltd
[{"type":"text","content":"SINGAPORE, Dec. 04, 2024 (GLOBE NEWSWIRE) -- 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 industrie...