Rectitude Announces Supply Relationship for Innovative New Energy Solutions in Southeast Asia
Rectitude Holdings (NASDAQ: RECT) has announced a memorandum of understanding with Nanjing Starship Intelligent Storage Technology to provide its All-in-one Intelligence Micro-grid System (AIMS/AST-05). The AIMS is a next-generation energy storage solution designed to manage power from multiple sources, including renewable energy and diesel generators.
The system features intelligent energy management, dual charging circuits, and remote monitoring capabilities. Key benefits include zero-emission operation when used with renewable sources, cost savings through reduced fuel consumption, scalability, and reliable performance. The solution targets industries such as construction, mining, and rural electrification.
Rectitude Holdings (NASDAQ: RECT) ha annunciato un memorandum d'intesa con Nanjing Starship Intelligent Storage Technology per fornire il suo Sistema Micro-grid Intelligente All-in-one (AIMS/AST-05). L'AIMS è una soluzione avanzata per lo stoccaggio di energia progettata per gestire l'energia proveniente da più fonti, comprese le energie rinnovabili e i generatori diesel.
Il sistema presenta gestione intelligente dell'energia, circuiti di ricarica duali e capacità di monitoraggio remoto. I principali vantaggi includono un funzionamento a zero emissioni quando utilizzato con fonti rinnovabili, risparmi sui costi grazie alla riduzione del consumo di combustibile, scalabilità e prestazioni affidabili. La soluzione è rivolta a settori come l'edilizia, l'estrazione mineraria e l'elettrificazione rurale.
Rectitude Holdings (NASDAQ: RECT) ha anunciado un memorando de entendimiento con Nanjing Starship Intelligent Storage Technology para proporcionar su Sistema Micro-red Inteligente Todo-en-uno (AIMS/AST-05). El AIMS es una solución de almacenamiento de energía de última generación diseñada para gestionar la energía de múltiples fuentes, incluidas las energías renovables y los generadores diésel.
El sistema cuenta con gestión inteligente de energía, circuitos de carga duales y capacidades de monitoreo remoto. Los principales beneficios incluyen operación sin emisiones cuando se utiliza con fuentes renovables, ahorro de costos a través de la reducción del consumo de combustible, escalabilidad y rendimiento confiable. La solución está dirigida a industrias como la construcción, la minería y la electrificación rural.
Rectitude Holdings (NASDAQ: RECT)는 Nanjing Starship Intelligent Storage Technology와 양해각서를 체결하고 All-in-one Intelligence Micro-grid System (AIMS/AST-05)을 제공한다고 발표했습니다. AIMS는 재생 가능한 에너지원과 디젤 발전기를 포함한 다수의 소스에서 발생하는 전력을 관리하기 위해 설계된 차세대 에너지 저장 솔루션입니다.
이 시스템은 지능형 에너지 관리, 이중 충전 회로 및 원격 모니터링 기능을 특징으로 합니다. 주요 이점으로는 재생 가능한 자원을 사용할 때 제로 배출 작동, 연료 소비 감소를 통한 비용 절감, 확장성 및 신뢰할 수 있는 성능이 포함됩니다. 이 솔루션은 건설, 광업 및 농촌 전력화와 같은 산업을 대상으로 합니다.
Rectitude Holdings (NASDAQ: RECT) a annoncé un protocole d'accord avec Nanjing Starship Intelligent Storage Technology pour fournir son Système de Micro-réseau Intelligent Tout-en-un (AIMS/AST-05). L'AIMS est une solution de stockage d'énergie de nouvelle génération conçue pour gérer l'énergie provenant de plusieurs sources, y compris les énergies renouvelables et les générateurs diesel.
Le système dispose d'une gestion intelligente de l'énergie, de circuits de chargement doubles et de capacités de surveillance à distance. Les principaux avantages incluent un fonctionnement sans émissions lorsqu'il est utilisé avec des sources renouvelables, des économies de coûts grâce à une réduction de la consommation de carburant, une évolutivité et des performances fiables. La solution cible des secteurs tels que la construction, l'exploitation minière et l'électrification rurale.
Rectitude Holdings (NASDAQ: RECT) hat ein Memorandum of Understanding mit Nanjing Starship Intelligent Storage Technology angekündigt, um sein All-in-one Intelligence Micro-grid System (AIMS/AST-05) bereitzustellen. Das AIMS ist eine nächste Generation Energiespeicherlösung, die entwickelt wurde, um Energie aus mehreren Quellen, einschließlich erneuerbarer Energien und Dieselgeneratoren, zu verwalten.
Das System verfügt über ein intelligentes Energiemanagement, duale Ladeanschlüsse und Fernüberwachungsfunktionen. Zu den wichtigsten Vorteilen gehören emissionsfreier Betrieb bei Verwendung erneuerbarer Quellen, Kosteneinsparungen durch reduzierten Kraftstoffverbrauch, Skalierbarkeit und zuverlässige Leistung. Die Lösung richtet sich an Branchen wie Bauwesen, Bergbau und ländliche Elektrifizierung.
- Partnership with Nanjing Starship expands product offering into energy storage solutions
- Potential revenue growth through entry into sustainable energy market
- Product diversification beyond traditional safety equipment
- None.
Insights
The MOU with Nanjing Starship represents a strategic entry into the growing energy storage market. The AIMS system addresses key industry pain points with its hybrid power management capabilities and intelligent features. However, several critical details are missing: no specific financial terms, order volumes, or revenue projections were disclosed. While the technology appears promising, particularly for industrial applications, the MOU is non-binding and preliminary in nature.
The micro-grid system's dual charging circuits and remote monitoring capabilities align with industry trends toward smart energy management. The focus on construction and mining sectors is strategic, as these industries increasingly seek sustainable power solutions. The zero-emission capability when paired with renewables could provide a competitive advantage in markets with strict environmental regulations.
The market opportunity in Southeast Asia is substantial, but success will depend on pricing, performance metrics and ability to scale production - none of which were addressed in the announcement. Investors should monitor for follow-up agreements with specific commercial terms.
For a company with a market cap of
The focus on industrial applications is promising, particularly in regions with unreliable grid infrastructure. However, without pricing information or performance specifications relative to competitors, it's difficult to assess potential market penetration. The partnership with Nanjing Starship could provide valuable distribution channels, but the MOU's non-binding nature adds uncertainty to the actual business impact.
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 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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