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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