Rectitude Holdings Ltd (NASDAQ:RECT) said it has secured more than S$10 million in rental and sales orders for its All-in-One Intelligence Micro-Grid System (AIMS) during the second half of fiscal 2026.
The update comes as the stock trades close to its 52-week low of $1.00, having fallen about 70% over the past year to around $1.20.
The new contracts highlight growing demand for AIMS, a mobile energy storage solution introduced in November 2024. The system combines energy management capabilities to track battery levels and integrate power inputs from renewable sources and diesel generators. It is primarily used across construction and industrial applications, including tower cranes and passenger hoists.
The Singapore-based group said order momentum has been supported by strong construction activity, with the Building and Construction Authority forecasting construction contracts of up to S$53 billion this year.
“The strong demand we are seeing for AIMS is a direct result of several converging factors,” said Jian Zhang, Chairman and Chief Executive Officer of Rectitude. “Our growth is driven by robust construction activity across the public and private sectors in Singapore and further bolstered by Singapore government’s pro-green energy policies, guided by the Singapore Green Plan 2030.”
Despite recent share price weakness, InvestingPro analysis suggests the company may be undervalued, citing a price-to-book ratio of 0.82 and a PEG ratio of 0.13. Rectitude has a market capitalization of $17.4 million and reported revenue of $35.8 million.
Zhang also pointed to elevated oil prices linked to geopolitical tensions in the Middle East as another factor supporting demand for alternative energy solutions.
The company added that further orders are currently under negotiation and expects demand momentum to continue through the rest of the year.
Founded in 1997, Rectitude supplies a range of safety equipment, including protective clothing, gloves, footwear, and traffic products, serving distributor networks across Singapore and Southeast Asia, including Brunei, Cambodia, Malaysia, Indonesia, and Vietnam.
The AIMS platform marks the company’s entry into the green energy space, developed in collaboration with Vantage Equipment & Services Pte Ltd and Agentis Intelligence Pte Ltd.