{"id":837462,"date":"2025-04-15T09:05:47","date_gmt":"2025-04-15T13:05:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/"},"modified":"2025-04-15T09:05:47","modified_gmt":"2025-04-15T13:05:47","slug":"rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/","title":{"rendered":"Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SINGAPORE, April  15, 2025  (GLOBE NEWSWIRE) &#8212; Rectitude Holdings Ltd. (Nasdaq: RECT; the \u201cCompany\u201d or \u201cRectitude\u201d), 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. (\u201cCCDC\u201d) 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.<\/p>\n<p align=\"justify\">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\u2019s proprietary AIMS systems for energy storage and delivery.<\/p>\n<p align=\"justify\">Marking a key milestone, Rectitude has deployed its first 500kWh AIMS system under this contract, showcasing the Company\u2019s 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\u2019s 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.<\/p>\n<p align=\"justify\">&#8220;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,\u201d said Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude. \u201cWe 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.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Rectitude<\/strong>\n      <\/p>\n<p align=\"justify\">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\u2019s 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.<\/p>\n<p align=\"justify\">For more information, please visit the Company\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nlwbMXljerG5R3h_sszCdsMdPGyKvVoeX0Di8sG8VDlWJiNDgP--XdhDv4C7j_1ZHEqEdGp4mDt16Z5JA1fjnl_JwsSBX1HVrWDtIIvpBzm6JC4dmQ690zu4IKFIQbix\" rel=\"nofollow\" target=\"_blank\">https:\/\/ir.rectitude.com.sg<\/a><\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Forward-Looking Statements<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company&#8217;s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company\u2019s 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 \u201capproximates,\u201d \u201cbelieves,\u201d \u201chopes,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cmay\u201d 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&#8217;s registration statement and other filings with the U.S. Securities and Exchange Commission.<\/em>\n      <\/p>\n<p>\n        <strong>For investor and media inquiries, please contact:<\/strong>\n      <\/p>\n<p>Rectitude <br \/>Investor Relations <br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wGBgTW6E_isZUOrnHaEPpAIqfUXQ4-F81DYTiIv3NpZGJPHRG46qGMTsSbj8fXWg8HgD6YzZ499FZj4A22eRDy9QuIWuB8RMCHlSuUch9jQ=\" rel=\"nofollow\" target=\"_blank\">ir@rectitude.com.sg<\/a><\/p>\n<p>Zachary Mizener<br \/>Lambert by LLYC<br \/>Phone: +1 (313) 309-9514<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=C8Rimfg37IQiGGmKpJOtAxCESxr3tn8og8nahK2u97EWq0YPYKITBvmsmb6uFulIHZ7SUdeSOvRPIv3f5mxZgyq7rBvSxhD3DIPTrVSIYV7Aj_mU6KguDDU0TmM5hUIm\" rel=\"nofollow\" target=\"_blank\">zachary.mizener@llyc.global<\/a><\/p>\n<p>Jackson Lin <br \/>Lambert by LLYC <br \/>Phone: +1 (646) 717-4593 <br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9Kvu8ydxjtjKU4EhQXvPW4ROU3RKHwDb3qlhBT98gzVlthwjvy2oqV7xhDxSv5tZw7lUl5rb5KDU37ckh8PTFEAgN6lTIHVLNPN48sF3KlU=\" rel=\"nofollow\" target=\"_blank\">jian.lin@llyc.global<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMjY5NCM2ODY3NDQ3IzIyOTI3OTg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YWRlZmVmYjYtNTE5OC00ZDY0LTgzOTgtZGVmZjliZmFlZTYwLTEzMDQzNDgtMjAyNS0wNC0xNS1lbg==\/tiny\/Rectitude-Holdings-Ltd-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, April 15, 2025 (GLOBE NEWSWIRE) &#8212; Rectitude Holdings Ltd. (Nasdaq: RECT; the \u201cCompany\u201d or \u201cRectitude\u201d), 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. (\u201cCCDC\u201d) 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\u2019s proprietary AIMS &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-837462","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, April 15, 2025 (GLOBE NEWSWIRE) &#8212; Rectitude Holdings Ltd. (Nasdaq: RECT; the \u201cCompany\u201d or \u201cRectitude\u201d), 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. (\u201cCCDC\u201d) 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\u2019s proprietary AIMS &hellip; Continue reading &quot;Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-15T13:05:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMjY5NCM2ODY3NDQ3IzIyOTI3OTg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore\",\"datePublished\":\"2025-04-15T13:05:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\\\/\"},\"wordCount\":643,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQyMjY5NCM2ODY3NDQ3IzIyOTI3OTg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\\\/\",\"name\":\"Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore - 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(Nasdaq: RECT; the \u201cCompany\u201d or \u201cRectitude\u201d), 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. (\u201cCCDC\u201d) 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\u2019s proprietary AIMS &hellip; Continue reading \"Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-15T13:05:47+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMjY5NCM2ODY3NDQ3IzIyOTI3OTg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore","datePublished":"2025-04-15T13:05:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/"},"wordCount":643,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMjY5NCM2ODY3NDQ3IzIyOTI3OTg=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rectitude-holdings-announces-initial-contract-for-aims-system-rental-in-singapore\/","name":"Rectitude Holdings Announces Initial Contract for AIMS System Rental in Singapore - 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