Rectitude Holdings Wins New AIMS System Orders for Singapore Infrastructure, Residential Projects
RECT sits 36% above its 52-week low of $0.958.
Summary
Rectitude Holdings secured additional orders and a contract extension for its SuperSun AIMS green energy systems across multiple major infrastructure and residential projects in Singapore. This includes public housing, private condominiums, and healthcare facilities. The company also secured a dedicated project with Tanglin Corporation, part of the prominent Woh Hup Group, to supply two 500kW AIMS units for the Skye condominium development. This follows the S$10 million in green energy contract orders announced in April and demonstrates continued strong market adoption for its cleantech solutions.
At the time of this announcement, RECT was trading at $1.30 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $17.4M. The 52-week trading range was $0.96 to $5.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.