Rectitude Holdings Ltd. (NASDAQ:RECT) shares jumped 77% on Monday after the company announced a strategic collaboration with Pansik Technology Pte Ltd. to expand the rollout of its Super Sun Energy Storage System across Southeast Asia, Australia, and the Middle East.
The Singapore-based safety equipment and industrial products provider expects to secure approximately SGD $2.3 million in energy storage equipment sales to Pansik over the next two months. Under the partnership, which officially starts on November 1, 2025, Pansik will act as a rental and leasing partner for Rectitude’s AIMS Series and portable power station lines.
This deal represents a major milestone in Rectitude’s push into the renewable energy sector, following earlier contracts worth more than SGD $1 million in Thailand earlier this year. The agreement is designed to offer customers in industries like construction, shipbuilding, oil refining, and other heavy sectors more flexible rental options and greater access to energy storage solutions.
The partnership is also expected to help Rectitude reach new customer segments and strengthen its position in regional markets, reinforcing the Super Sun brand’s reputation for reliable, efficient energy 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.”