ASX: RFT RECTIFIER TECHNOLOGIES LTD 12 October 2017 ASX...

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    ASX: RFT

    RECTIFIER TECHNOLOGIES LTD


    12 October 2017
    ASX Announcement
    Market Update

    On the 2nd of October 2017, Rectifier Technologies Singapore Pte. Ltd. (RTS) was
    incorporated as a subsidiary of Rectifier Technologies Limited, responsible for
    global sales & marketing activities of the group, focusing on products for New
    Energy applications which include, EV charging, Wind & Solar Power and other
    Renewable Energy. Rectifier Technologies Pacific Pty Ltd continues to be the
    group’s R&D entity and Rectifier Technologies (M) Sdn Bhd, the group’s
    manufacturing entity. We believe this strategic move improves our position to
    cater to global markets.
    RTS has received its first purchase order for an amount of USD 685,800, for a
    35kW high-voltage and high-efficiency modular power supply for DC electric
    vehicle charging of which we expect to receive repeat orders in the near future.
    Yanbin WangCEO
 
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