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Investing.com -- Rectitude Holdings Ltd. (NASDAQ:RECT) stock surged 77% after announcing a strategic partnership with Pansik Technology Pte Ltd. to expand deployment of its Super Sun Energy Storage System across Southeast Asia, Australia, and the Middle East.
The Singapore-based provider of safety equipment and industrial products expects to secure approximately SGD $2.3 million in energy storage equipment sales to Pansik within the next two months. The partnership, which officially begins November 1, 2025, establishes Pansik as a rental and leasing partner for Rectitude’s AIMS Series and portable power station products.
This collaboration marks a significant milestone in Rectitude’s expansion into the renewable energy market, following earlier success in securing multiple contracts exceeding SGD $1 million in Thailand earlier this year. The agreement aims to provide flexible rental options and wider accessibility for customers in construction, shipbuilding, oil refining, and other industrial sectors.
The partnership is expected to accelerate Rectitude’s expansion into new customer segments and regional markets while strengthening the Super Sun brand’s reputation for reliable energy solutions. By leveraging Pansik’s established customer base and market presence, the company aims to drive broader adoption of its energy storage technologies.
"Our development and progress in the green energy sector over the past year has proven that the path we have chosen is leading to success," said Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude. "Our partnership with Pansik not only enhances the market reach of our Super Sun energy storage products but also lays a strong foundation for future collaborations and sustained business growth across the region."
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