Rectitude Holdings Enters Southeast Asia’s Green Energy Market with New Contracts

An update from Rectitude Holdings Ltd ( (RECT) ) is now available.

Rectitude Holdings Ltd has secured its first sales contracts for its new All-in-One Intelligence Micro-grid System (AIMS), marking its entry into the multi-billion-dollar green energy market in Southeast Asia. This strategic move, along with a new supply relationship with Nanjing Starship Intelligent Storage Technology Co., positions Rectitude for growth in the region’s new energy solutions market, particularly in industries such as construction, mining, and rural electrification. The launch of AIMS is expected to generate approximately USD 1 million in revenue, enhancing Rectitude’s market presence and product offerings.

More about Rectitude Holdings Ltd

Founded in 1997 in Singapore, Rectitude Holdings Ltd is involved in the provision of safety equipment such as personal protective clothing, gloves, safety footwear, personal fall arrest systems, portable fire extinguishers, and traffic products. The company also offers industrial and electrical hardware tools for construction sites. Its products are marketed to distributor networks and end markets throughout Southeast Asia, including Brunei, Cambodia, Malaysia, Indonesia, and Vietnam.

YTD Price Performance: 60.49%

Average Trading Volume: 15,213

Technical Sentiment Consensus Rating: Strong Sell

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