Ten-League Secures PSA Singapore Order for 30 Battery Electric Prime Movers

Ten-League International Holdings Limited (Nasdaq: TLIH) has announced that its subsidiary, Ten-League Port Engineering Solutions Pte. Ltd. (Ten-League PES), has received a new purchase order from PSA Corporation Limited (PSA Singapore). The agreement follows Ten-League’s delivery and commissioning of Singapore’s first Battery Charging and Swap Station (BCSS) at the end of 2024.

Under the latest order, Ten-League PES will supply, deliver, test, and commission 30 battery electric terminal-purpose prime movers. The units are expected to be delivered by the final quarter of 2025.

The new project builds on Ten-League PES’s earlier work with PSA Singapore. In 2023, the company was awarded a contract to design and construct the BCSS at PSA’s Pasir Panjang Terminal — the first installation of its kind in Singapore and the first outside China. Commissioned in 2024, the system integrated with electric prime movers and fulfilled PSA’s operational requirements, including rapid battery swapping, reduced equipment downtime and compliant safety procedures. This previous deployment helped establish the foundation for PSA Singapore’s latest procurement.

Mr. Jison Lim, Chief Executive Officer and Chairman of Ten-League, said:
“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.”