Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore
Rectitude Holdings (Nasdaq: RECT) has secured its first sub-contract from China Construction (South Pacific) Development Co. for renting its AIMS battery energy storage system in Singapore. The contract, extending through April 2026, involves providing clean power to construction equipment across various projects.
The agreement covers projects under CCDC and its subsidiaries, including Rich Construction, China Construction Realty, and Kaszon. Rectitude has already deployed its first 500kWh AIMS system under this contract, following initial system sales in Singapore in February 2025.
The AIMS system is designed for high-efficiency energy management and zero-emission power supply. The company plans to expand this business segment through system sales, rentals, and related services.
Rectitude Holdings (Nasdaq: RECT) ha ottenuto il suo primo subappalto da China Construction (South Pacific) Development Co. per il noleggio del suo sistema di accumulo energetico AIMS a Singapore. Il contratto, valido fino ad aprile 2026, prevede la fornitura di energia pulita alle attrezzature da costruzione in diversi progetti.
L'accordo riguarda progetti di CCDC e delle sue controllate, tra cui Rich Construction, China Construction Realty e Kaszon. Rectitude ha già installato il suo primo sistema AIMS da 500kWh in base a questo contratto, dopo le prime vendite di sistema a Singapore nel febbraio 2025.
Il sistema AIMS è progettato per una gestione energetica ad alta efficienza e un'alimentazione a emissioni zero. L’azienda intende espandere questo segmento di business tramite vendite di sistemi, noleggi e servizi correlati.
Rectitude Holdings (Nasdaq: RECT) ha conseguido su primer subcontrato con China Construction (South Pacific) Development Co. para alquilar su sistema de almacenamiento de energía AIMS en Singapur. El contrato, que se extiende hasta abril de 2026, implica proporcionar energía limpia a equipos de construcción en varios proyectos.
El acuerdo abarca proyectos bajo CCDC y sus subsidiarias, incluyendo Rich Construction, China Construction Realty y Kaszon. Rectitude ya ha desplegado su primer sistema AIMS de 500kWh bajo este contrato, tras las primeras ventas de sistemas en Singapur en febrero de 2025.
El sistema AIMS está diseñado para una gestión energética de alta eficiencia y suministro de energía sin emisiones. La empresa planea expandir este segmento de negocio mediante ventas de sistemas, alquileres y servicios relacionados.
Rectitude Holdings (나스닥: RECT)는 China Construction (South Pacific) Development Co.로부터 싱가포르에서 AIMS 배터리 에너지 저장 시스템을 임대하는 첫 하도급 계약을 확보했습니다. 이 계약은 2026년 4월까지 유효하며, 다양한 프로젝트에서 건설 장비에 청정 전력을 공급하는 내용을 포함합니다.
이 계약은 CCDC 및 자회사인 Rich Construction, China Construction Realty, Kaszon의 프로젝트를 포함합니다. Rectitude는 2025년 2월 싱가포르에서 초기 시스템 판매 이후 이 계약에 따라 첫 500kWh AIMS 시스템을 이미 배치했습니다.
AIMS 시스템은 고효율 에너지 관리와 무공해 전력 공급을 위해 설계되었습니다. 회사는 시스템 판매, 임대 및 관련 서비스를 통해 이 사업 부문을 확장할 계획입니다.
Rectitude Holdings (Nasdaq : RECT) a obtenu son premier sous-contrat de China Construction (South Pacific) Development Co. pour la location de son système de stockage d'énergie par batterie AIMS à Singapour. Le contrat, qui s'étend jusqu'en avril 2026, consiste à fournir une énergie propre aux équipements de construction sur divers projets.
L'accord couvre les projets de CCDC et de ses filiales, notamment Rich Construction, China Construction Realty et Kaszon. Rectitude a déjà déployé son premier système AIMS de 500 kWh dans le cadre de ce contrat, après les premières ventes de systèmes à Singapour en février 2025.
Le système AIMS est conçu pour une gestion énergétique très efficace et une alimentation sans émissions. L'entreprise prévoit d'étendre ce segment d'activité via la vente, la location de systèmes et les services associés.
Rectitude Holdings (Nasdaq: RECT) hat seinen ersten Unterauftrag von China Construction (South Pacific) Development Co. für die Vermietung seines AIMS Batteriespeichersystems in Singapur erhalten. Der Vertrag, der bis April 2026 läuft, umfasst die Bereitstellung sauberer Energie für Baumaschinen in verschiedenen Projekten.
Die Vereinbarung gilt für Projekte von CCDC und dessen Tochtergesellschaften, darunter Rich Construction, China Construction Realty und Kaszon. Rectitude hat bereits sein erstes 500kWh AIMS-System im Rahmen dieses Vertrags installiert, nachdem im Februar 2025 erste Systemverkäufe in Singapur erfolgten.
Das AIMS-System ist für ein hocheffizientes Energiemanagement und emissionsfreie Stromversorgung konzipiert. Das Unternehmen plant, diesen Geschäftsbereich durch Systemverkäufe, Vermietungen und zugehörige Dienstleistungen auszubauen.
- First commercial rental contract secured for AIMS energy storage system
- Successfully deployed first 500kWh AIMS system
- Contract with major construction company expands market presence
- Development of new revenue stream through system rentals and services
- None.
Insights
Rectitude Holdings' first rental contract with China Construction represents a strategic milestone in the commercialization of their AIMS energy storage system. This 12-month agreement through April 2026 establishes a new recurring revenue stream complementing their direct sales channel initiated in February.
For a small-cap company (
This dual-channel approach (sales and rentals) creates complementary revenue streams that could accelerate market penetration while improving business predictability. The rental model typically generates lower upfront revenue but higher margins and lifetime value compared to outright sales.
While financial terms weren't disclosed, this agreement represents a potentially material development for Rectitude as they execute their strategic shift toward sustainable energy solutions. The deployment also helps establish reference customers in the construction sector, where demand for zero-emission power solutions continues to grow due to regulatory and environmental pressures.
SINGAPORE, April 15, 2025 (GLOBE NEWSWIRE) -- Rectitude Holdings Ltd. (Nasdaq: RECT; the “Company” or “Rectitude”), a Singapore-based provider of safety equipment and related industrial products, announces the award of its first sub-contract from China Construction (South Pacific) Development Co. Pte. Ltd. (“CCDC”) for the rental of its cutting-edge battery energy storage system for several projects being undertaken in Singapore. Under the rental agreement, Rectitude will supply clean power to tower cranes, passenger hoists, and other construction equipment across projects throughout Singapore through April 2026.
The sub-contract covers projects under CCDC and its subsidiaries, including Rich Construction Company Pte Ltd, China Construction Realty Co. Pte Ltd, and Kaszon Pte Ltd. The awarded contract includes the provision of Rectitude’s proprietary AIMS systems for energy storage and delivery.
Marking a key milestone, Rectitude has deployed its first 500kWh AIMS system under this contract, showcasing the Company’s commitment to driving innovation and sustainability in key end markets. The AIMS system is designed for high-efficiency energy management and zero-emission power supply. This agreement follows the Company’s initial deliveries of systems sold to customers in Singapore in February 2025. The Company is planning to grow this business segment through sales and rental of the systems along with related services.
"This contract win and the deployment of our 500kWh AIMS system represents a major step forward for Rectitude and the commercialization of the energy storage sector in Singapore. We are continuing to act on our long term strategic plan to generate sustainable growth for the Company,” said Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude. “We are honored to support China Construction with advanced, clean energy solutions that enhance operational efficiency while reducing carbon emissions, while establishing our first rental agreement for AIMS.”
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
Zachary Mizener
Lambert by LLYC
Phone: +1 (313) 309-9514
Email: zachary.mizener@llyc.global
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global
FAQ
What is the duration of Rectitude Holdings' (RECT) AIMS system rental contract in Singapore?
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