RECT Overview

Celestica's Strong Performance: Celestica Inc. reported better-than-expected Q3 earnings of $1.58 per share and revenue of $3.19 billion, leading to an 8.3% increase in its stock price during pre-market trading.

Notable Gainers: Several stocks saw significant pre-market gains, including TEN Holdings (up 89.2%), Freight Technologies (up 65.1%), and Reliance Global Group (up 48%) after completing a purchase and announcing a dividend.

Major Losers: Co-Diagnostics experienced a 13.5% drop in pre-market trading following a previous surge, while Rambus Inc. fell 14.3% after disappointing quarterly earnings.

Market Overview: The article highlights various stocks moving in pre-market trading, showcasing both significant gainers and losers, reflecting the volatility and reactions to recent company announcements.

New Product Launch: Rectitude Holdings Ltd. has secured its first sales contracts for the All-in-One Intelligence Micro-grid System (AIMS), expected to generate around USD 1 million in revenue, marking a significant step in their expansion into Southeast Asia and the green energy market.

Strategic Partnerships: The company has formed a strategic supply relationship with Nanjing Starship Intelligent Storage Technology Co. to enhance its offerings in innovative energy solutions, aiming to capitalize on the growing multi-billion-dollar new energy solutions market in the region.

Partnership Announcement: Rectitude Holdings Ltd. has signed a memorandum of understanding with Nanjing Starship Intelligent Storage Technology Co. to provide an innovative energy storage solution called the All-in-one Intelligence Micro-grid System (AIMS), aimed at transforming power management in various industries.

Product Benefits and Market Impact: The AIMS system offers zero-emission operation, cost savings, scalability, and reliable performance, promoting a shift from traditional generators to renewable energy sources, thereby supporting industries in reducing their carbon footprints and advancing towards sustainable practices.

Financial Performance: Rectitude Holdings Ltd reported a 9.86% increase in revenues for the fiscal year ending March 31, 2024, with net income of $2.49 million and an improved gross profit margin of 35.57%. Adjusted EBITDA also rose to $4.73 million, reflecting strong operational performance.

Future Outlook: The company plans to leverage capital raised from its IPO to expand operations and enhance product offerings, aiming for sustained growth in response to increasing demand for safety equipment in Southeast Asian markets.

Rectitude Holdings Ltd. Bell Ringing Ceremony:

• The Singapore-based company, Rectitude Holdings Ltd., celebrated its successful listing on Nasdaq with a bell ringing ceremony at Capella Singapore.
• The event marked the Company's initial public offering and listing under the ticker symbol "RECT" on June 21, 2024.
• Management, including Chairman Jian Zhang, participated in the ceremony to commemorate the achievement and look forward to future growth.

About Rectitude:

• Founded in 1997 in Singapore, Rectitude specializes in safety equipment and industrial products like protective clothing, gloves, and fire extinguishers.
• The company serves distributor networks and markets in Southeast Asia, including Brunei, Cambodia, Malaysia, Indonesia, and Vietnam.
• Rectitude aims to provide long-term value for shareholders and solidify its position as a leading safety solutions provider in the region.