COLUMBIA, Mo., Dec. 23, 2025 (GLOBE NEWSWIRE) -- EquipmentShare.com Inc. (“EquipmentShare” or “EQPT”), a leader in connected jobsite technology and one of the largest construction equipment rental providers in the United States, today announced the completion of its fourth asset-backed securitization (“ABS”) under the OWN Program. In the transaction, OWN Equipment Fund III LLC (“OEF III”) purchased a pool of rental equipment from EquipmentShare. OEF III, a third-party investment vehicle, successfully raised ...

Core Insights - Rectitude Holdings Ltd. has signed a memorandum of understanding (MOU) with Vantage Equipment & Services Pte Ltd for the rental and supply of power storage systems and construction equipment across Southeast Asia and the Middle East, effective from November 5, 2025, to November 4, 2028 [1][2][7] - The collaboration aims to generate approximately SGD $10 million in annual rental income over the next three years while enhancing operational efficiency and sustainability in key industries [2][7] - This agreement builds on Rectitude's previous partnerships and is part of the company's strategy to expand its presence in the green energy sector, particularly through its Super Sun energy storage systems [2][3][7] Company Overview - Rectitude Holdings Ltd. was founded in 1997 in Singapore and specializes in safety equipment, including personal protective clothing, safety footwear, and portable fire extinguishers, among other industrial products [4] - The company markets its products to a wide array of distributor networks and end markets across Southeast Asia, including countries like Brunei, Cambodia, Malaysia, Indonesia, and Vietnam [4] - Vantage Equipment & Services Pte Ltd, established in 2021, focuses on construction equipment rental solutions in Singapore, operating a fleet of over 1,000 machines [5]

Core Insights - Rectitude Holdings Ltd. has signed a partnership agreement with Pansik Technology Pte Ltd. to promote the deployment of its Super Sun Energy Storage System across Southeast Asia, Australia, and the Middle East, effective November 1, 2025 [1][2]. Company Overview - Rectitude Holdings Ltd. is a Singapore-based provider of safety equipment and industrial products, founded in 1997. The company offers a range of products including personal protective clothing, safety footwear, and portable fire extinguishers, marketed to various distributor networks and end markets in Singapore and Southeast Asia [4]. Partnership Details - The partnership with Pansik involves Pansik acting as a rental and leasing partner for Rectitude's AIMS Series and portable power station products, enhancing customer accessibility in industries such as construction and oil refining [2][3]. - The agreement includes the sale of approximately SGD $2.3 million worth of energy storage equipment to Pansik within the next two months, following Rectitude's earlier contracts exceeding SGD $1 million in Thailand [2][3]. Market Expansion - This collaboration is expected to accelerate Rectitude's entry into new customer segments and regional markets, leveraging Pansik's established customer base to drive broader adoption of Rectitude's energy storage technologies [3]. - The partnership positions Rectitude to scale its clean energy business rapidly and enhance visibility among investors interested in Asia's renewable energy landscape [3]. Strategic Importance - The partnership is seen as a significant milestone in Rectitude's expansion into the renewable energy market, reinforcing the Super Sun brand's reputation for reliable and sustainable energy solutions [3][4].