Ten-League International Holdings Limited Announces New Order from PSA Singapore to Expand Electrification Program Following Successful BCSS Deployment
Ten-League (Nasdaq: TLIH) announced that subsidiary Ten-League PES received a new order from PSA Singapore to supply, test and commission 30 battery electric terminal prime movers, with delivery scheduled by Q4 2025. The Order follows Ten-League’s 2023 contract to design and build Singapore’s first Battery Charging and Swap Station and its successful commissioning in 2024, which met operational targets including rapid battery swaps and minimal downtime. The deal underscores Ten-League’s role in port electrification and supports its stated aim to scale operations and contribute to decarbonization of port logistics.
Ten-League (Nasdaq: TLIH) ha annunciato che la controllata Ten-League PES ha ricevuto un nuovo ordine da PSA Singapore per fornire, testare e mettere in servizio 30 veicoli terminali elettrici a batteria, con consegna prevista entro il quarto trimestre del 2025. L'ordine segue il contratto del 2023 di Ten-League per progettare e costruire la prima Stazione di Ricarica e Scambio Batterie di Singapore e la sua messa in servizio di successo nel 2024, che ha raggiunto obiettivi operativi tra cui rapidi scambi di batterie e tempo di inattività minimo. L'accordo sottolinea il ruolo di Ten-League nell'elettrificazione dei porti e supporta l'obiettivo dichiarato di espandere le operazioni e contribuire alla decarbonizzazione della logistica portuale.
Ten-League (Nasdaq: TLIH) anunció que su subsidiaria Ten-League PES recibió un nuevo pedido de PSA Singapore para suministrar, probar y poner en marcha 30 camiones de propulsión terminaleléctrica a batería, con entrega prevista para el cuarto trimestre de 2025. El pedido sigue al contrato de 2023 de Ten-League para diseñar y construir la primera Estación de Carga y Intercambio de Baterías de Singapur y su exitosa puesta en marcha en 2024, que cumplió con objetivos operativos, incluyendo cambios rápidos de baterías y un mínimo tiempo de inactividad. El acuerdo destaca el papel de Ten-League en la electrificación portuaria y apoya su objetivo declarado de escalar operaciones y contribuir a la descarbonización de la logística portuaria.
Ten-League (Nasdaq: TLIH)는 자회사 Ten-League PES가 PSA Singapore로부터 배터리 전기 터미널 프라임 무버 30대를 공급, 테스트 및 시운전하기 위한 신규 주문을 받았다고 발표했습니다. 납기는 2025년 4분기로 예정되어 있습니다. 이 주문은 Ten-League가 싱가포르 최초의 배터리 충전 및 교환 스테이션을 설계·구축한 2023년 계약에 이어 2024년 성공적으로 가동되었으며, 배터리 교환을 신속히 하고 가동 중단 시간을 최소화하는 등의 운영 목표를 달성했습니다. 이번 거래는 포트 전력화에서 Ten-League의 역할을 강조하고, 운영 규모를 확장하고 포트 물류의 탈탄소화에 기여하겠다는 명시된 목표를 뒷받침합니다.
Ten-League (Nasdaq: TLIH) a annoncé que sa filiale Ten-League PES a reçu une nouvelle commande de PSA Singapore pour fournir, tester et mettre en service 30 véhicules-primes électriques de quai alimentés par batterie, avec une livraison prévue d'ici au quatrième trimestre 2025. La commande fait suite au contrat de 2023 de Ten-League visant à concevoir et construire la première Station de Chargement et d'Échange de Batteries de Singapour et à son démarrage réussi en 2024, ayant atteint des objectifs opérationnels, notamment des échanges rapides de batteries et un temps d'arrêt minimal. Cette opération souligne le rôle de Ten-League dans l'électrification des ports et soutient son objectif déclaré d'accroître les opérations et de contribuer à la décarbonisation de la logistique portuaire.
Ten-League (Nasdaq: TLIH) gab bekannt, dass die Tochtergesellschaft Ten-League PES einen neuen Auftrag von PSA Singapore erhalten hat, um 30 batterie-elektrische Terminal-Prime-Mover zu liefern, zu testen und in Betrieb zu nehmen, mit einer Lieferung voraussichtlich bis Q4 2025. Der Auftrag folgt auf Ten-Leagues Vertrag von 2023, Singapurs erste Batterie-Lade- und Austauschstation zu entwerfen und zu bauen, und dessen erfolgreicher Inbetriebnahme im 2024, der operative Ziele einschließlich schneller Batteriewechsel und minimaler Ausfallzeiten erreichte. Die Vereinbarung unterstreicht Ten-Leagues Rolle bei der Elektrifizierung von Häfen und unterstützt das erklärte Ziel, die Operationen auszuweiten und zur Dekarbonisierung der Hafenlogistik beizutragen.
Ten-League (Nasdaq: TLIH) أعلنت أن الشركة التابعة Ten-League PES تلقت أمراً جديداً من PSA Singapore لتزويد واختبار وتدشين 30 ناقلة طرفية كهربائية بالبطارية، مع التسليم المقرر بحلول الربع الرابع من 2025. يتبع الأمر عقد Ten-League لعام 2023 لتصميم وبناء أول محطة لشحن وتبادل البطاريات في سنغافورة ونجاح تشغيلها في 2024، والتي حققت أهداف تشغيلية بما في ذلك تبادل البطاريات بسرعة وتقليل فترات التوقف قدر الإمكان. تعزز الصفقة دور Ten-League في كهربنة الموانئ وتدعم هدفها المعلن بتوسيع عملياتها والمساهمة في خفض انبعاثات لوجستيات الميناء.
- 30 units battery electric prime movers ordered
- Delivery scheduled by Q4 2025
- Proven Pasir Panjang BCSS commissioned in 2024 meeting operational targets
- None.
Insights
Ten-League won a follow-on order from PSA Singapore to deliver 30 battery electric prime movers, expanding its port electrification role.
Ten-League will supply, deliver, test, and commission 30 battery electric terminal prime movers for PSA Singapore, with equipment delivery scheduled by
Key dependencies include on‑time manufacturing, logistics, and successful integration with PSA operations; delays in any of these could push revenue recognition beyond the stated timeframe. The announcement ties future scaling to continued operational performance but provides no pricing, margin, or payment‑term details, so financial impact size remains unspecified.
Monitor the confirmed delivery schedule and any disclosed payment milestones by
SINGAPORE, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Ten-League International Holdings Limited (Nasdaq: TLIH) (the “Company” or “Ten-League”), a Singapore-based provider of turnkey project solutions, today announced its subsidiary, Ten-League Port Engineering Solutions Pte. Ltd. (“Ten-League PES”), has secured a new order from PSA Corporation Limited (“PSA Singapore”) (the Order”), building on the Company’s successful delivery and commissioning of Singapore’s first Battery Charging and Swap Station (“BCSS”) at the end of 2024. This milestone underscores Ten-League’s proven ability to deploy advanced electrification solutions and reinforces its position as trusted partner in the global port electrification market.
Battery Charging and Swap Station with Electric Prime Mover (Terminal)
According to the Order, Ten-League PES agrees to supply, deliver, test, and commission 30 units of battery electric terminal purpose prime movers. The equipment is scheduled to be delivered by the last quarter of 2025.
The Purchase Order builds on Ten-League PES’s earlier success with PSA Singapore. Ten-League PES secured a milestone project in 2023 to design and construct a BCSS at PSA Pasir Panjang Terminal (the “Pasir Panjang BCSS”), representing the first such deployment in Singapore and the first outside of China. Commissioned in 2024, the Pasir Panjang BCSS achieved seamless integration with electric Prime Movers (EPMs) and met PSA Singapore’s operational and technical expectations, including rapid battery swapping times, minimal equipment downtime, and safe battery handling. This proven success laid the foundation for the latest Order, further expanding the role of Ten-League’s solutions in advancing sustainable port operations.
Mr. Jison Lim, Chief Executive Officer and Chairman of Ten-League, commented, “The Order demonstrates PSA Singapore’s confidence in our solutions and marks another significant step forward in advancing port electrification. Ten-League is committed to transforming port infrastructure and advancing decarbonization in the global port and logistics sector by delivering advanced infrastructure that enables the transition to cleaner, more sustainable operations. We believe our product offerings featuring cutting-edge technologies will be a key enabler of PSA’s decarbonization efforts, supporting its broader goal to reduce CO₂ emissions and accelerating the transition toward sustainable, electrified port operations. Looking ahead, the Order provides a strong foundation for us to scale further, strengthen our global presence, and deliver long-term value to our shareholders.”
About Ten-League International Holdings Limited
Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions. The Company’s business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. The equipment is organized into four categories based on their functions and application scenarios: foundation equipment, hoist equipment, excavation equipment and port machinery. The Company also provides value-added engineering solutions under engineering consultancy services with the aim to address potential safety issues, enhance reliability and productivity and allow for customers to evaluate the performance of the equipment, the quality of the work completed and the progress of their projects. Ten-League’s mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair through continuous adaptation and application of new technologies. For more information, please visit the Company’s website: https://ir.ten-league.com.sg/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate” or other similar expressions in this announcement. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Ten-League International Holdings Limited
Investor Relations Department
Email: ir@ten-league.com.sg
Ascent Investor Relations LLC
Tina Xiao
Phone: +1 646-932-7242
Email: investors@ascent-ir.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7bbe0769-3487-4fce-a9e1-c229d614cc76
FAQ
What did Ten-League (TLIH) announce on November 14, 2025?
How many units will Ten-League deliver to PSA Singapore under the TLIH order?
When will the TLIH equipment to PSA Singapore be delivered?
What prior Ten-League (TLIH) project supported the new PSA Singapore order?
What operational benefits did the Pasir Panjang BCSS achieve per Ten-League (TLIH)?
