SINGAPORE, Dec. 23, 2024 — Rectitude Holdings Ltd. (Nasdaq: RECT), a Singapore-based supplier of safety equipment and industrial products, today announced initial sales of its new All-in-One Intelligence Micro-grid System (“AIMS”), generating approximately US$1 million in revenue. This launch, coupled with Rectitude’s expansion into Thailand, positions the company for further growth throughout Southeast Asia.

This follows Rectitude’s recent strategic supply agreement with Nanjing Starship Intelligent Storage Technology Co. for new energy solutions in Southeast Asia. These AIMS sales and the entry into a new market are key steps in Rectitude’s strategy to tap into the projected multi-billion-dollar Southeast Asian new energy market and strengthen its regional presence.

Jian Zhang, Rectitude’s Chairman, CEO, and Executive Director, stated, “Our strategy to enter the green energy market with our all-in-one energy storage solution, targeting construction, mining, and rural electrification, is underway. AIMS’ initial sales demonstrate our ability to provide high-value, adaptable energy storage, driving revenue growth and profit margins while successfully entering new markets and expanding our product range.”

AIMS offers scalable, flexible, and integrated energy storage and management solutions tailored to various industries. Rectitude, focused on innovation and sustainability, continues to establish itself as a leading provider of safety equipment, industrial products, and energy solutions in Southeast Asia.

About Rectitude

Established in 1997 in Singapore, Rectitude primarily supplies safety equipment, including personal protective clothing, gloves, footwear, fall arrest systems, fire extinguishers, and traffic products. The company also provides industrial and electrical hardware for construction. Rectitude’s products reach various distributor networks and end markets in Singapore and across Southeast Asia (Brunei, Cambodia, Malaysia, Indonesia, and Vietnam).

For more information, please visit the Company’s website:

Forward-Looking Statements

This announcement contains forward-looking statements, including regarding the Company’s sales. These statements involve risks and uncertainties and are based on current expectations and projections about future events. Forward-looking statements can be identified by words like “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” etc. The Company is not obligated to update forward-looking statements, except as legally required. While the Company believes these expectations are reasonable, actual results may differ materially. Investors should review other factors that may affect future results in the Company’s filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

Rectitude
Investor Relations
Email:

Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
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