SINGAPORE, Dec. 04, 2024 — Rectitude Holdings Ltd. (Nasdaq: RECT), a Singapore-based supplier of safety equipment and industrial products, today announced a memorandum of understanding (MOU) with Nanjing Starship Intelligent Storage Technology Co. for its All-in-one Intelligence Micro-grid System (AIMS or AST-05), a cutting-edge energy storage solution designed to revolutionize industrial power management.

Part of Rectitude’s ASTRIA Series, the AIMS is a comprehensive energy storage system managing power from various sources, including renewable energy and diesel generators, for both on-grid and off-grid uses. Its features include intelligent energy management, dual charging circuits, and remote monitoring for optimized energy use. Key advantages include zero emissions when using renewable sources, significant cost savings from reduced fuel consumption, scalability to meet diverse energy demands, and dependable, long-term performance. Ideal for construction, mining, and rural electrification, AIMS provides efficient, adaptable, and sustainable power solutions.

Jian Zhang, Rectitude’s Chairman, CEO, and Executive Director, stated that this Nanjing Starship partnership is a key step toward the company’s long-term strategic goal of providing innovative solutions to improve workplace safety. He emphasized the company’s commitment to high-quality products and highlighted AIMS as a transformative technology setting a new standard in energy storage, promising revenue growth, product diversification, and industry leadership. He expressed excitement about the partnership, viewing it as a significant initial step.

Rectitude is at the forefront of the shift towards powering electric equipment at various job sites, helping businesses reduce their carbon footprint and energy costs. AIMS facilitates a transition from high-emission generators to renewable energy, improving energy management and driving sustainable practices across industries.

About Rectitude

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

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Forward-Looking Statements

This announcement contains forward-looking statements, including, but not limited to, statements about the Company’s future plans. These statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections. Investors should consider the risks and uncertainties described in the Company’s filings with the U.S. Securities and Exchange Commission. Actual results may differ materially from those anticipated. The Company disclaims any obligation to update forward-looking statements.

For investor and media inquiries, please contact:

Rectitude
Investor Relations
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Jackson Lin
Lambert Global
Phone: +1 (646) 717-4593
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