Rectitude Holdings Ltd. (RECT) announced on Wednesday that it has entered into a memorandum of understanding with Nanjing Starship Intelligent Storage Technology Co. to provide its all-in-one Intelligence Micro-grid System, an energy storage solution. Rectitude is a Singapore-based provider of industrial safety equipment and related products.
Jian Zhang, CEO of Rectitude, said: "This innovation sets a new benchmark in energy storage, providing potential revenue growth, expanding product range, and ultimately strengthening our leading position in the industry."
As part of the ASTRIA Series, the AIMS is an all-in-one energy storage solution designed to manage power from multiple sources, including renewable energy and diesel generators, for both on-grid and off-grid applications.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.