HONG KONG, Sept. 11, 2026 /PRNewswire/ — Hong Kong International Biotechnology Conference and Exhibition (BIOHK2026) officially opened on September 9, 2026, at the Hong Kong Convention and Exhibition Centre. Marking a key 5-year milestone, this flagship life sciences event connects Hong Kong, Mainland China, and global markets, drawing industry leaders from around the world.

Centering on the core concept of “A Global Biotech Kaleidoscope,” the 4-day convention features 7 main stages and over 50 multi-track parallel forums. It has attracted over 10,000 professional attendees from more than 40 countries and regions, over 500 world-class speakers, and nearly 200 premier domestic and international exhibitors. Positioned as a “Super Connector,” BIOHK2026 bridges the complete chain of scientific breakthroughs, regulatory mutual recognition, capital enablement, industrialization, and global market access, unlocking Hong Kong’s institutional, financial, and geographical advantages as an international biotech hub.

The grand opening ceremony brought together global dignitaries, Hong Kong SAR officials, Greater Bay Area (GBA) representatives, and event organizers to discuss public health, Hong Kong’s innovation ecosystem, and regional integration. Mr. John KC Lee, Chief Executive of the Hong Kong SAR, sent a congratulatory message themed “A Convergence of Global Minds in Biotechnology, Advancing on the Road to Life Science Excellence and Future Prosperity,” calling for collective action to shape the industry’s future. Mr. Ban Ki-moon, 8th Secretary-General of the United Nations, also sent his congratulations, commending Hong Kong’s role as a “Super Connector” and calling for deeper international collaboration to accelerate innovation delivery.

In his opening address, Prof. Albert Yu, President of BIOHK2026, reviewed the event’s 5-year evolution into a global nexus for life sciences innovation, emphasizing its role in driving ideas toward market deployment. Mr. Leung Chun-ying, Vice Chairman of the National Committee of the CPPCC, highlighted opportunities under China’s 15th Five-Year Plan and the Nansha Guangdong-Hong Kong cooperation framework.

Key government leaders, including Prof. Sun Dong, Secretary for Hong Kong Innovation, Technology and Industry, and Prof. Lo Chung-mau, Secretary for Hong Kong Health Bureau, shared insights on policy support and cross-border regulatory harmonization. Meanwhile, Mr. Chen Xu, Executive Deputy Director of the Guangzhou GBA Office, and Mr. Liu Chuwen, Member of the Party Leadership Group of the Shenzhen Municipal Development and Reform Commission, presented their cities’ biotech foundations and cross-regional integration ideas based on Greater Bay Area integration.

Marking a major partnership milestone at the ceremony, CITIC Group, the Exclusive Strategic Partner of BIOHK2026, unveiled the CITIC Healthcare Industry Think Tank and signed a strategic cooperation framework agreement with the Hong Kong Biotechnology Organization (HKBIO). The agreement aims to build a cross-border industry-finance platform that accelerates the deployment of global biotech ventures. Additionally, the opening ceremony presented annual industry honors to celebrate pioneering individuals, outstanding enterprises, and key partners for their achievements in technical breakthroughs, commercialization, and cross-border collaboration.

Standing at the 5-year time node, BIOHK2026 embraces dual development opportunities: Hong Kong is planning its next five-year growth blueprint, while China enters a brand-new phase under the 15th 5-Year Plan. Life sciences represent both a national strategic emerging industry and a key technology track prioritized by Hong Kong; the development of BIOHK resonates synchronously with Hong Kong’s urban positioning and the national demand for biotech innovation.

Over the coming days, collisions of ideas, project negotiations, and showcase achievements will continue to take place at the Exhibition Centre. BIOHK2026 has long evolved beyond the scope of a mere industry event—it serves not only as a hub for technical and intellectual exchange, but also as a venue for international regulatory dialogue and a launchpad for cross-border innovation transactions.

September 9-12, 2026 | BIOHK2026—Where Leaders Unite Biotech Advances

We cordially invite global biopharma executives, researchers, investors, regulators, clinical experts, and industry leaders to gather in Hong Kong and explore the new frontiers of biotechnology.

• Registration: https://www.bio-hk.com/
• Exhibition Inquiries: [email protected]
• Media Contact: [email protected]

For further details, please contact us via the channels above.

About HKBIO

The Hong Kong Biotechnology Organization (HKBIO) is a leading non-profit organization dedicated to advancing the growth, internationalization, and innovation of Hong Kong’s life sciences ecosystem. Bringing together leaders from government, industry, academia, research, and capital markets, HKBIO serves as a Super-Connector, fostering cross-border collaboration, accelerating clinical translation, and supporting the commercialization of biotechnology innovation across the Asia-Pacific region. Through its initiatives, HKBIO continues to strengthen Hong Kong’s position as a leading international biotechnology and healthcare innovation hub while helping transform scientific breakthroughs into real-world healthcare solutions.

For more information, please visit https://www.bio-hk.com/.

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SOURCE Hong Kong Biotechnology Organization

BRISBANE, Australia, Sept. 15, 2026 /PRNewswire/ — On 14 September, SAJ hosted over 100 of Australia’s leading solar and energy storage decision-makers at Pat Rafter Arena, Brisbane, for an evening with brand ambassador Alex de Minaur, a first look at the company’s new HS5 EK70 and EK90 series of energy storage systems, and a celebration of its expanding Australian distribution network.

The invitation-only event brought together installers, distributors and industry representatives from across the country, days before de Minaur takes the court at the same venue for Australia’s Davis Cup tie against Poland.

Alex de Minaur joins SAJ as brand ambassador

De Minaur, the Australian No. 1 men’s singles player, is the face of SAJ’s “Relentless Energy” campaign. The partnership pairs de Minaur’s reputation for consistency, speed, accuracy and endurance with SAJ’s reliable, long-life residential energy storage.

On the night, lucky guests had the opportunity to watch de Minaur train on the arena court, then play King of the Court against him before he joined SAJ leadership in the event space.

First look at the HS5 EK70 and EK90

The evening marked the Australian debut of the SAJ HS5 EK70, an all-in-one residential energy storage system that combines solar inverter, battery storage, backup power, energy management system, and EV charger in a single integrated unit. The EK70 supports whole-house backup (63A bypass), one-click diagnosis and automatic CT correction via the elekeeper app, reducing commissioning errors and time, while the Wireless-Pro Meter enables stable, long-range communication for fast, hassle-free installation. The EK70 carries a 10-year warranty rated at 10,000 battery cycles.

Safety features include full-coverage battery temperature sensors, cell insulation boards, an integrated aerosol fire suppression system and battery pressure relief valves. SAJ’s AI Saving, AI Keeper, AI Edge and AI Designer functions manage charging, backup reserve, tariff optimisation and system design.

The EK70 will be available through SAJ’s Australian distribution partners and is now CEC-approved. SAJ is the first brand in the industry to be listed under the new standard SA TS 5398.

SAJ also previewed the HS5 EK90, the next model in the series, which builds on the EK70 platform with AI-enabled AFCI, on-device edge AI, vehicle-to-grid and vehicle-to-home (V2G/V2H) capability (coming later), and a battery design certified to UL 9540A. The EK90 is rated at 12,000 battery cycles with a 15-year warranty and is expected to arrive in Australia later this year.

Powered by elekeeper 5.0

The HS5 EK series ships with elekeeper 5.0, SAJ’s next-generation energy management platform, launched in Australia on 10 September. elekeeper 5.0 supports dynamic tariffs, negative pricing and smart scheduling, and connects with the VPP and dynamic-tariff platforms Australian households already use, including Amber, Evergen, GloBird Energy, Origin, POWSTON and Synergy.

Five AI capabilities cover the full system lifecycle. AI Designer handles PV layout, equipment matching and return-on-investment modelling for installers; AI Care lets installers verify wiring and scan battery health remotely and action fixes with a single click; AI Saving optimises energy use against forecast generation, household demand and electricity prices, and is already running across more than 10,000 residential and C&I sites worldwide; AI Edge keeps optimisation running locally if connectivity drops; and AI Keeper provides natural-language assistance for homeowners and energy professionals.

The elekeeper app is available now on the Apple App Store and Google Play and comes as standard with SAJ’s latest generation of solar and storage products.

Leadership sets out Australian growth plans

SAJ’s senior leadership attended the event, including Care Guan (Senior Director of APAC & MENA Region), Alan Li (AU Country Manager), and Vincent Dyer (Senior Sales Manager), who outlined the company’s investment and growth plans for the Australian market.

Smart Energy Council Chief Executive David McElrea also addressed guests on the outlook for Australia’s rooftop solar and home battery sector and the opportunity it presents for installers.

Partner network expands

The event celebrated SAJ’s continued cooperation with One Stop Warehouse and the 1GWh deal signed earlier this year, and welcomed Supply Partners and Tradezone as the newest distributors of the SAJ range in Australia.

“SAJ has demonstrated the product capability, commercial bankability, manufacturing standards and technical approach we look for in a long-term distribution partner,” Supply Partners CEO Patrick Morrissey said.

“We’re excited to welcome SAJ to Tradezone. SAJ brings more than two decades of global experience and an innovative range of residential and commercial energy solutions to our customers. By combining SAJ’s technology with Tradezone’s online platform, distribution network and installer reach, we can provide Australian contractors with even greater choice and support,” said Robert Kingston, Managing Director at Tradezone.

For more information about the SAJ range and its Australian distribution partners, visit linktr.ee/sajaustralia.

About SAJ

Established in 2005 and operating in the Australian market since 2013, SAJ provides renewable energy, energy storage and energy management solutions. The company develops products for residential, commercial and industrial applications to support energy generation, storage and management.

Media contact

Phoenix Shaw-Collery
Head of Marketing – Australia, SAJ
Phone: 0430 364 017
Email: [email protected]

Bella He
APAC & MENA Regional Head of Marketing, SAJ
Email: [email protected]

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SOURCE SAJ

Forbes China recognition in Shanghai and a new Sustainable Aviation Fuel (SAF) partnership in Hong Kong highlight Mekar’s evolution into an integrated ecosystem connecting capital with real-economy opportunities.

SHANGHAI and HONG KONG, Sept. 15, 2026 /PRNewswire/ — Mekar Ecosystem, an integrated platform connecting finance, technology and real-sector opportunities in Indonesia, is accelerating its regional expansion following two significant milestones: the recognition of PT Mekar Investama Teknologi by Forbes China in Shanghai and the signing of a strategic Sustainable Aviation Fuel (SAF) partnership with Future Fuel Limited in Hong Kong.

On September 10, PT Mekar Investama Teknologi, Indonesia’s leading impact lender and the flagship company within the Mekar Ecosystem, was presented with the New-Edge Family Office Service Provider award at the 2025 Forbes China New-Edge Family Office Selection event held at W Shanghai – The Bund.

This recognition underscores Mekar’s growing role as a strategic partner to family offices and institutional investors, helping channel capital into high-impact opportunities across Indonesia’s productive sectors. Through these partnerships, Mekar is expanding access to investment opportunities while supporting businesses and industries that contribute to Indonesia’s long-term economic development.

Over the past 16 years, Mekar has evolved alongside Indonesia’s rapidly changing economy—from a fintech financing platform into a diversified ecosystem spanning financial services, digital technology, agriculture, trade financing and sustainable energy. Today, the ecosystem brings together businesses, investors and strategic partners across these sectors, creating new opportunities for collaboration and enabling Mekar to participate in the development of Indonesia’s next generation of growth industries.

“We are deeply honored to receive the New-Edge Family Office Service Provider award from Forbes China. This distinction reflects Mekar’s 16-year journey connecting capital with real economic opportunities, as well as our continued commitment to creating meaningful and sustainable impact.

We view this as an important step in building broader partnerships with investors and strategic partners across the region. As the financial landscape continues to evolve, we believe the future of finance will be increasingly connected to real assets, sustainability and measurable impact,” said Leonard Lee, Chief Commercial Officer of PT Mekar Investama Teknologi.

Expanding into Sustainable Aviation Fuel

The Forbes China recognition comes as Mekar continues to broaden its regional footprint beyond financial services and into the sustainable energy economy.

On September 9, Mekar Ecosystem signed a Memorandum of Understanding (MoU) with Future Fuel Limited at the 11th Belt and Road Summit in Hong Kong, establishing a framework to develop a cross-border sustainable aviation fuel value chain connecting Indonesia’s feedstock resources and production capabilities with Hong Kong’s aviation, financial and innovation ecosystem.

The collaboration is expected to cover multiple stages of the SAF value chain, including the collection, processing and export of lipid and green feedstocks from Indonesia; trading and supply of certified green ethanol; establishment of an Alcohol-to-Jet Research and Development Centre in Hong Kong; investment in SAF production facilities in Hong Kong; and technology transfer and operational support for SAF production facilities in Indonesia.

The partnership provides Mekar with an opportunity to leverage its network and capabilities in Indonesia while working with Future Fuel to develop a scalable regional platform for sustainable aviation fuel. It also creates a potential bridge between Indonesia’s abundant renewable resources and the growing demand for lower-carbon aviation solutions across Asia. “We are honored to forge this partnership with Future Fuel on such a strategically important platform. By combining our feedstock network in Indonesia with Future Fuel’s roadmap for local SAF production and R&D, we aim to unlock significant operational synergies and jointly expand the green energy market across both regions,” said Douglas Goh, Chairman of PT Mekar Investama Teknologi.

From Financial Intermediation to Real-Economy Impact

The Forbes China recognition and the Future Fuel partnership reflect two complementary aspects of Mekar’s evolution: connecting capital with opportunities and applying that capital to productive sectors of the real economy. While Mekar’s roots are in financial services and impact lending, its broader vision is to build platforms that connect capital, businesses, technology and productive assets to support sustainable economic growth. Its expansion into areas such as sustainable energy represents the next stage of this evolution—moving beyond financing individual businesses to helping develop the infrastructure, partnerships and investment opportunities that can drive entire sectors forward. 

Through this approach, Mekar aims to create long-term value not only for investors and business partners, but also for the communities, enterprises and productive assets that form the foundation of Indonesia’s economy.

At the heart of this journey is a simple principle:

Capital creates greater value when it is connected to the real economy and the people behind it.

Tumbuh Bersama, Mekar Bersama.

About PT Mekar Investama Teknologi

PT Mekar Investama Teknologi (Mekar) is an Indonesian financial technology company and part of the Mekar Ecosystem, an integrated ecosystem connecting finance, technology, and real-sector opportunities in Indonesia. Mekar is committed to advancing financial inclusion by connecting funders and borrowers through a digital financing platform, providing access to capital for productive sectors including MSMEs and agriculture. The company is licensed and supervised by Indonesia’s Financial Services Authority (OJK).

Today, the Mekar Ecosystem continues to expand across agriculture, trade financing, and sustainable energy, connecting capital with productive opportunities and supporting long-term economic value.

Website: www.mekar.id

About Mekar Ecosystem

Mekar Ecosystem is an integrated platform that bridges finance, technology, and real-sector opportunities across Indonesia. With a focus on agriculture and sustainable energy, Mekar Ecosystem drives impact through fintech lending, contract farming, trade financing, and sustainable energy programs. 

By delivering integrated, tech-enabled, and sustainable solutions, Mekar Ecosystem aims to strengthen Indonesia’s agriculture sector and support inclusive growth in the real economy.

Website: www.mekar.co.id

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SOURCE Mekar Ecosystem; PT MEKAR INVESTAMA TEKNOLOGI

HONG KONG, Sept. 15, 2026 /PRNewswire/ — AlphaPai, an AI investment research assistant developed by the financial AI company Rabyte Technology for professional investors, today announced the completion of a Series B funding round of US$50 million. It is the company’s third consecutive round of financing in the past year.

The round brought together strategic investors from across the financial sector, including insurance capital, securities firms, mutual funds, industrial capital and leading investment institutions. Participants included China Insurance Investment, the national investment platform for China’s insurance industry, and GF Xinde Investment Management, the private equity arm of GF Securities. Qiming Venture Partners, Ambrum Capital, Next Capital, Trustar Capital and Eastern Bell Capital also participated, alongside existing shareholders. China Renaissance continued to serve as the exclusive financial advisor to the transaction.

AlphaPai will use the proceeds to increase R&D investment in models and products, expand its multi-asset client base, and deepen industry collaboration across the upstream and downstream supply chain, while deeply cultivating its home market and steadily advancing its overseas footprint.

Industrial Capital Extends the Boundaries of Financial Services

A company built natively on financial AI grows by continuously entering the actual workflows of different institutions and asset classes, refining products and delivering against demand on the ground. A broader and stronger shareholder base reaffirms AlphaPai’s long-term value contribution and strengthens its relationship with the financial industry, moving from partnership toward deeper co-creation.

The participation of China Insurance Investment provides a vital anchor for AlphaPai to establish a foothold in insurance research and asset allocation. Insurance funds span equities, fixed income, alternatives and other asset classes, and involve lengthy research chains, high professional thresholds and stringent compliance requirements. This partnership validates AlphaPai’s capabilities in insurance capital scenarios, while also unlocking its AI research capabilities across a broader multi-asset universe.

GF Xinde Investment Management, a wholly owned private equity subsidiary of GF Securities, maintains a long-term focus on empowering the financial sector with AI. According to public information, the Guanggu Investment Venture Capital Fund participating in this round was jointly established by GF Xinde Investment Management and several financial industry institutions. It focuses on companies across the advisory industry chain, including independent advisory teams, service providers and financial technology companies. The fund serves as an “industry incubator” for the clustered development of service providers across the advisory ecosystem.

New and existing shareholders across finance, technology, enterprise services and global expansion are pooling resources to enrich AlphaPai’s industry network and support its expansion into global financial services.

Setting Standards and Co-Building an Ecosystem for Financial AI

The continued backing of industrial capital is not incidental. It is earned through years of deep, sustained work in real financial scenarios, and it now stands on the scale of what AlphaPai has delivered.

AlphaPai, an AI investment research assistant, entered the market through high-frequency touchpoints such as meetings and information processing, then moved steadily into the core of professional work: investment research, analysis and institutional knowledge. Today it serves more than 120,000 professional users across over 8,000 financial institutions and asset managers, ranking among the global leaders in its category by website traffic.

In April 2026, AlphaPai launched PaiWork, the industry’s pioneering AI investment research workstation. It brings financial data, research tools, productivity software and knowledge bases into a single working environment, moving AI from isolated Q&A sessions into a complete investment research workflow. Since launch, AI interactions and token consumption on PaiWork have grown by tens of times, and institutional adoption has climbed steadily. A growing number of users now co-create research workflows and reuse skills, fostering an emerging user-generated content ecosystem.

In June 2026, AlphaPai introduced iRaB (Investment Research Agent Benchmark) into its ecosystem, an applied benchmark that tests how AI understands, analyzes and delivers professional results on real investment research tasks. The same period saw the launch of the ORE (Open Research Ecosystem) Investment Research Partner Program, partnering with more than 40 brokerage research institutes, data service providers and other industry players across data services, professional content and industry skills.

With PaiWork, iRaB and ORE now in the market, AlphaPai has taken financial AI beyond single-point tools and into a full ecosystem of workflows, professional standards and co-creation.

“In real-world production environments, AI resembles high-end manufacturing: a systematic engineering endeavor requiring long-term accumulation,” said Luodan Li, Founder and CEO of AlphaPai. “The competitiveness of future companies lies entirely beneath the surface. It comes from the compounding effect of many incremental 5% gains, which ultimately forms a systematic advantage that is difficult to replicate.” Over the past several years, AlphaPai’s sustained investment in users, data, evaluation and model capabilities has yielded results.

Rooted in China, Facing the World

AlphaPai grew out of China’s financial institutions, forged in real investment-research workflows and tempered by years of high-competition, high-density professional environments. That depth has given AlphaPai a systematic grasp of how professional financial work gets done: how institutional processes run, how products earn adoption. These capabilities, proven in a demanding home market, are the firmest foundation for going global.

“The value of financial AI is not confined to the financial industry itself,” said Li. “It is infrastructure with a multiplier effect: a connector between capital and the real economy. Gains in financial productivity ultimately flow into better resource allocation and industrial development.”

Rooted in China, facing the world. Backed by deeper technological accumulations and stronger user-and-industry synergy, AlphaPai is bringing financial AI to the core of global finance.

Note: Where an official English name is unavailable, the English translation of the relevant Chinese entity name is provided for identification purposes only.

About AlphaPai

AlphaPai is an AI-native research assistant built for professional investors and an early mover in bringing AI into investment meetings and core research workflows. At its center is PaiWork, an AI-powered research workstation launched in April 2026 that combines financial data, AI agents, research Skills and productivity tools in a unified workspace for complex research and institutional knowledge management.

AlphaPai helps institutional investors worldwide enhance research efficiency through AI agents, enabling professionals to focus more on investment insight, analysis and decision-making. To date, AlphaPai has served more than 120,000 professional users across over 8,000 financial institutions and asset managers.

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SOURCE AlphaPai

The company is recognized for redefining enterprise AI operations through a unified control plane that enables secure, governed, observable, and scalable AI deployment.

SAN ANTONIO, Sept. 15, 2026 /PRNewswire/ — Frost & Sullivan is pleased to announce that TrueFoundry has received the 2026 Global Enterprise AI Control Plane Transformational Innovation Leadership Recognition in the enterprise AI control plane industry. The recognition highlights TrueFoundry’s differentiated approach to addressing fragmented enterprise AI ecosystems through a unified operational layer that brings together governance, security, observability, optimization, and agent lifecycle management, enabling organizations to operationalize AI with greater control, flexibility, and efficiency.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: Transformational Innovation and Customer Impact. After evaluating a number of vendors in the space, TrueFoundry emerged as the clear leader, demonstrating its ability to anticipate the evolving needs of enterprises ahead of existing solutions and translate its vision for a unified AI control plane into a scalable, enterprise-ready platform.

“The recognition highlights TrueFoundry’s differentiated approach to addressing fragmented enterprise AI ecosystems through a unified operational layer that spans an organization’s entire portfolio of AI agents and applications. By bringing together governance, security, observability, optimization, and agent lifecycle management, it enables organizations to operationalize AI with greater control, flexibility, and efficiency,” said Arun Prasath, Principal Consultant, at Frost & Sullivan.

TrueFoundry has established an early architectural advantage in the emerging enterprise AI control plane market by investing in governed agent infrastructure, enterprise-wide AI governance, and interoperable gateway capabilities. Its platform supports organizations across North America, Latin America, Europe, Australia, and Asia-Pacific, with enterprise deployments spanning telecommunications, healthcare, banking, semiconductors, and other industries. TrueFoundry is used in production-facing workflows at Fortune 500s and vertical leaders such as Automation Anywhere, NetApp and Cox Communications.

Innovation remains central to TrueFoundry’s approach. Its Enterprise AI Control Plane unifies governance across models, agents, and tools through the AI Gateway, incorporating an LLM Gateway, Model Context Protocol (MCP) Gateway, Agent Gateway, Agent Registry, and Skills Registry. Additionally, TrueForge by TrueFoundry is an open-source, vendor-neutral agent harness that lets users bring their own tools and models and build agents on their infrastructure. The platform’s Kubernetes-native foundation supports multi-cloud, hybrid, on-premises, and air-gapped environments while enabling consistent security, compliance, observability, AI FinOps, and operational control.

“Everyone’s focused on which model to use, but the harder problem is the layer underneath it, the one that decides whether you can govern it, afford it, and trust it in production. We built TrueFoundry as a centralized control plane for GenAI, one place where every model, agent, and tool call is governed. This recognition from Frost & Sullivan is validation about the importance of this control layer as enterprises scale their agentic AI use cases.” Said Nikunj Bajaj, Co-founder and CEO at TrueFoundry

TrueFoundry’s customer-centric approach further strengthens its market position. Structured proof-of-value engagements, rapid onboarding, dedicated enablement, engineering collaboration, training programs, and continuous product development help enterprises progress from initial AI experimentation to broader production adoption. Weekly feature releases and direct customer feedback enable the company to respond rapidly to evolving enterprise requirements. The company has also demonstrated measurable impact in production environments, including 3x faster time to value, 60% faster AI deployments, and 30% average cost optimization, all while operating at a scale of 1T+ tokens a day.

Frost & Sullivan commends TrueFoundry for establishing a strong standard in competitive strategy, technological innovation, execution, and market responsiveness. Its unified approach to AI governance, security, observability, sovereignty, and cost management is helping shape the emerging enterprise AI control plane category and enables organizations to scale AI responsibly.

Each year, Frost & Sullivan presents the Transformational Innovation Leadership Recognition to a company that demonstrates exceptional innovation and strategic execution, resulting in measurable improvements in customer value, competitive positioning, and market development. The recognition highlights forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices Recognition

Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.

Contact us: Start the discussion.

Contact:
Tarini Singh
E: [email protected] 

About TrueFoundry

TrueFoundry provides an enterprise-grade AI Gateway that encompasses an LLM Gateway, MCP Gateway, and Agent Gateway, enabling enterprises to securely connect, observe, and govern access to models, tools, guardrails, and agents from a single control plane. The AI Gateway enables agentic workloads that are secure, efficient, and future-safe through unified and composable connections across providers. TrueFoundry also includes TrueForge, an open-source, vendor-neutral agent harness that lets teams bring any model and tools on their own infrastructure.

TrueFoundry ensures enterprise-grade compliance with SOC 2, HIPAA, and ITAR standards. It is available as SaaS, on-prem, or air-gapped deployments, empowering organizations to build, deploy, and govern AI systems securely, efficiently, and on a future-safe stack.

SOURCE Frost & Sullivan

• 53 participants from 21 teams successfully developed working AI solutions to real-world business challenges within eight days.
• Strategic MOU signed with Korean student associations of NUS, NTU, and SMU to establish regular hackathons and internship pipelines.

SINGAPORE, Sept. 15, 2026 /PRNewswire/ — To address the growing need for practical AI literacy among future talents, Codepresso, a leading AI competency assessment and training enterprise, announced the successful completion of the Zero100 AI Builderthon. Held from August 22 to 29 in Singapore, the event empowered local Korean university students to build functional AI solutions for real-world corporate challenges. To learn more about Codepresso’s innovative educational programs, visit [codepresso.io].

Uniting Singapore’s Top Talent

The event was led by Juhoeng Park, executive member of the Entrepreneurship Society at Singapore Management University (SMU), in collaboration with the Korean student associations at the National University of Singapore (NUS), Nanyang Technological University (NTU) and SMU. It was jointly planned with local venture builder Wilt Venture Builder. The program attracted 74 applicants, with 53 participants across 21 teams completing the eight-day program.

Juhoeng Park said: “We wanted this to be more than a ranking competition. The goal was for students to define a real problem, build a solution in a short period, and explain it directly to industry professionals for concrete feedback. Students from the three schools shared that experience for the first time, and we will carry the participants’ feedback and records into the next edition.”

Transforming Concepts into Working AI Solutions

Participants worked on bottlenecks in Codepresso’s workflows across two tracks: Judgement and Automation. Most participants were from non-technical academic backgrounds. 

Jihoon Kim, Chief AI Officer at Codepresso, led an intensive online workshop on vibe coding, an approach to building software using natural-language instructions and AI coding tools. Participants also received one-on-one project mentoring and joined an in-person roundtable discussion with industry experts from Amazon Web Services (AWS) and NetApp. The program also featured a talk by Heeduk Park, CEO of Translink Investment.

Rewarding Innovation and Business Potential

At the final presentations held at SMU on August 29, an eight-member judging panel evaluated the projects. Judges included Donghun Lee, CEO of Codepresso; Heeduk Park, CEO of Translink Investment; Daero Won, CEO of Wilt Venture Builder; Jungpil Hahn, a professor at NUS Computing; and Donghyuk Shin of AWS. Ten teams received awards across four categories: Beyond Brief, Business Potential, Builders Choice and 0→100. 

“The Builderthon showed us that students were more motivated by real-world problems and the opportunity to receive feedback on their solutions than by incentives,” said Donghun Lee, CEO of Codepresso. “The participants demonstrated that they were ready for more demanding challenges. Our agreement with the three student associations provides a foundation for making the Builderthon a recurring program.”

“We wanted this to be more than a competition focused on rankings,” said Juhoeng Park. “Our goal was for students to identify a real problem, build a solution in a short time and present it to industry professionals for specific feedback. This was the first time students from the three universities had shared this experience, and we will use participant feedback and documentation from the event to improve the next edition.”

Establishing a Sustainable AI Talent Pipeline

Solidifying its commitment to continuous education, Codepresso signed a Memorandum of Understanding (MOU) with the three student associations. The agreement aims to host the Builderthon regularly, connect participants with internship and employment opportunities, and foster a sustainable ecosystem where graduates return as mentors. Looking ahead, Codepresso plans to hold a second edition in December 2026 and launch the ZERO100 Busan Builderthon in South Korea in September 2026.

About Codepresso

Founded in 2019, Codepresso is an AI competency assessment and training company whose vision is to standardize AI literacy. The company provides hands-on training and competency assessments in data science, cloud computing and AI for major South Korean conglomerates, universities and public institutions. Its offerings include SkillCertify, a platform for practical IT skills assessment, and AI Fluent, an AI skills assessment and training service. Through these services, Codepresso supports organizational AI transformation and the standardization of workforce competencies. Codepresso placed third in the GITEX AI ASIA Supernova Challenge in Singapore in April 2026. It also operates Women in Vibe Coding, a global vibe coding community for women, across four countries, including Singapore.

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SOURCE Codepresso

JAKARTA, Indonesia, Sept. 15, 2026 /PRNewswire/ — Indonesia carries one of ASEAN’s largest automotive markets, where internal combustion engine (ICE) two-wheeler and four-wheeler vehicles represent the core fleet. While electrification is gaining ground, the nation’s distinct geography and demographics require a tailored approach. To navigate this transformation, Indonesia’s leading automotive component manufacturer PT Astra Otoparts Tbk continues to support the country’s large existing ICE vehicle population while expanding its capabilities in EV components, infrastructure and international partnerships. Messe Frankfurt met with Astra Otoparts’ President Director Mr Yusak Kristian Solaeman to discuss the forces driving this transition and how Astra Otoparts’ integrated model achieves sustainable growth.

The foundations of a secure, high-potential market
Indonesia’s economy remains a cornerstone of Southeast Asian growth, defined by a steady annual expansion rate of around five percent^[1]. This economic resilience underpins a dynamic automotive sector and provides a solid foundation for its continued development. Based on Astra Otoparts’ estimates, more than 11 million vehicles sold in Indonesia over the past 12 years remain in operation today. Despite this substantial installed base, four-wheeler ownership remains relatively low^[2] compared with several more mature ASEAN automotive markets, suggesting room for long-term market development. This creates a distinctive automotive market shaped by Indonesia’s specific needs, while offering room for long-term growth and opportunities for foreign direct investment (FDI).

Positioned at the heart of this market is Astra Otoparts. Founded in 1976, Indonesia’s leading automotive component group comprises two business segments, manufacturing and trading, 55 entities and business units, and a workforce of over 30,000 employees as of June 2026. Today, the company continues to strengthen its core automotive component manufacturing and trading businesses while expanding its capabilities through business diversification.

In this interview, the company’s President Director, Mr Yusak, discussed Indonesia’s transition toward electric mobility and how Astra Otoparts’ integrated business model enables the company to strengthen its core automotive component business while capturing opportunities from evolving mobility trends and growing investment in Indonesia.

How does Astra Otoparts strengthen its core automotive business while adapting to the evolving demands of electrification?
To remain competitive amid rapid technological changes, Mr Yusak explained that Astra Otoparts maintains a balanced strategy across its products and services, strengthening its core automotive component business while expanding its capabilities to capture emerging opportunities from electrification. The company divides its portfolio into two core categories: resilient components that remain essential regardless of powertrain type (ICE, HEV, PHEV & BEV), and common components which cater directly to ICE vehicles.

Mr Yusak added that Astra Otoparts continues to strengthen its aftermarket business by addressing the replacement needs of Indonesia’s large existing ICE vehicle population. Indonesia features a mature vehicle market, averaging around 10 to 14 years old in urban areas and extending up to 20 years on the outer islands. To serve the replacement needs of this ageing vehicle population, Astra Otoparts maintains a strong aftermarket business that addresses recurring consumer demand for replacement parts across both two-wheeler and four-wheeler segments. This extensive market coverage is particularly relevant in Indonesia, which remains one of the world’s largest two-wheeler markets.

To serve the vast overall vehicle population, Astra Otoparts executes a multi-brand and multi-channel strategy. This includes Astra Otoservice workshops that deliver affordable maintenance, the Shop&Drive retail chain network, and a supply chain of regional hubs, dealers, and local parts shops. Mr Yusak noted: “by managing this diverse mix, we remain resilient regardless of changes in technology or consumer behaviour.”

Through its balanced portfolio and extensive aftermarket ecosystem, Astra Otoparts continues to adapt to the evolving automotive landscape while building capabilities to capture opportunities arising from electrification.

A prime example of this is Astra Otopower, its EV charging network. Beyond supporting the development of EV charging infrastructure, Mr Yusak mentioned that real-time data from Astra Otopower charging stations provides insights into charging usage patterns, helping the company better understand evolving customer needs and market trends, and in turn supporting the development of its long-term electrification strategy.

Navigating the realities of the electrification transition
Astra Otoparts navigates Indonesia’s evolving automotive landscape through a balanced approach that supports long-term growth and adaptability. Recognising that the transition toward electrification will evolve alongside market readiness, infrastructure development, and consumer needs, the company continues to adapt its portfolio in line with the changing automotive landscape.

While the momentum behind electric mobility is growing, the transition across Indonesia presents distinct geographic and demographic challenges. As an archipelago of over 17,000 islands spanning large distances and diverse terrain, infrastructure development naturally varies by region. Mr Yusak remarked that consequently, EV adoption currently remains concentrated in major urban hubs, whereas outer islands rely heavily on traditional ICE, influenced by factors such as charging infrastructure availability, travel distances, vehicle usage patterns, and consumer needs.  

Additionally, he said that EV ownership is largely seen in wealthier households buying secondary or luxury cars, while the high-volume middle class still relies on affordable ICE options. Data from Astra Otopower’s charging network reveals further consumer habits. In Jakarta, commuters buy EVs to bypass odd-even traffic restrictions, which restrict vehicle usage based on the final digit of a license plate. On the other hand, range anxiety remains a hurdle for travel outside the city.

As Mr Yusak explained: “Drivers still worry about charging availability on long-distance trips; if charging stations are sparse, consumers prefer ICE or hybrid vehicles, which offer convenience because gas stations are everywhere.” He added: “Electrified vehicle penetration could reach 25 to 30 percent over the next decade, with hybrid vehicles capturing most of this share. True market transformation will occur once adoption spreads beyond multi-car owners to first-time vehicle buyers.”

Why are international investors choosing Indonesia?  
This gradual transition towards electric mobility combined with sustained demand for traditional and localised vehicle components, creates an ideal entry point for international players. Original Equipment Manufacturers (OEMs) and suppliers from China, Japan, South Korea, and Vietnam, including recent entrants like VinFast, are actively expanding their local presence. Mr Yusak pointed out: “Foreign investors use Indonesia as a regional manufacturing hub for exporting complete built-up (CBU) units, engines, and components for global markets.”

Government policy acts as a major driver for this investment. To qualify for tax facilities and incentives, incoming manufacturers must operate within local content requirements. Under the domestic content framework, known as TKDN, compliance is determined by the percentage of local content originating from domestic manufacturing, labour and raw materials^[3].

Therefore, instead of building new factories from scratch, Mr Yusak explained that partnerships with established local manufacturers such as Astra Otoparts can provide international companies with access to existing manufacturing capabilities and support more efficient localisation. “By leveraging existing production capabilities and creating manufacturing synergies, international partners can accelerate localisation while meeting applicable local manufacturing requirements.”

To accelerate this incoming of global capital, Astra Otoparts takes an active role: “We actively engage with government and industry stakeholders to exchange perspectives on component localisation, manufacturing competitiveness, and the development of Indonesia’s automotive ecosystem, contributing to a supportive environment for long-term investment.”

Indonesia’s automotive future
Ultimately, the country’s path towards future mobility will not be defined by an overnight EV takeover, but by a steady evolution. Supported by a stable five percent economic growth rate, strong FDI incentives, and low vehicle ownership density, the nation is positioned to become a central manufacturing and export hub for Southeast Asia.

Regarding the future market outlook, Mr Yusak concluded: “Two-wheeler vehicles will remain dominant due to regional road infrastructure, although we expect advancements in trends as consumer purchasing power continues to grow. For four-wheeler vehicles, annual sales should rebound towards one million units shortly, with hybrid vehicles seeing strong adoption due to practical infrastructure requirements.”

Indonesia, while keeping with the direction and momentum of the global push to electrification, is paving its own path towards future mobility. For now, hybrid vehicles are seeing greater adoption driven by lower infrastructure requirements and consumer preferences outside of Jakarta. Overall, this transition provides an attractive landscape for both local and international industry players, offering high-growth opportunities not only in emerging EV and hybrid technologies, but also in supporting the enduring demand of the country’s existing vehicle fleet. 

These projections further underscore the strength of Astra Otoparts’ strategy across automotive component manufacturing and trading businesses as it expands its capabilities through business diversification. By scaling alongside steady hybrid adoption and the consistent demand for two-wheeler and ICE four-wheeler vehicles, the company directly aligns with Indonesia’s economic trajectory while solidifying itself as a pioneer in Southeast Asia’s mobility innovation.

Automechanika Jakarta supporting Astra Otoparts’ goals
Sponsoring and strategically partnering with Automechanika Jakarta directly aligns with Astra Otoparts’ vision to operate as a premier global player. Mr. Yusak highlights that “our vision is to be a world-class automotive component manufacturer, and partnering with a world-class exhibition brand like Automechanika aligns directly with that goal.” Participating at the event allows the company to demonstrate domestic manufacturing leadership, display its diverse component capabilities, deepen ties with longstanding JV partners, and connect directly with international buyers seeking dependable local manufacturing partners.

Automechanika Jakarta 2026 takes place from 24 to 27 September 2026 at the Nusantara International Convention Exhibition. To find out more, please visit www.automechanika-jakarta.com.

View original content:https://www.prnewswire.com/apac/news-releases/strengthening-core-manufacturing-while-embracing-electrification-and-global-partnerships-in-indonesia-302878438.html

SOURCE Messe Frankfurt (HK) Ltd

Financing accelerates development of ultra-efficient infrastructure for foundation AI models

EINDHOVEN, Netherlands, Sept. 15, 2026 /PRNewswire/ — EUCLYD has signed a Series A financing round of more than €200 million, the company announced today. The round is co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter Wennink, former President & CEO of ASML, joins EUCLYD as Chairman of the Board.

As foundation models grow more capable, deploying them requires more power, memory bandwidth, and capital while adding infrastructure complexity. EUCLYD is developing a platform spanning crafted compute, innovative memory architecture, and datacenter systems to break this efficiency wall and transform AI inference economics.

EUCLYD’s long-term vision is Abundant Intelligence: a future in which advanced AI is no longer constrained by infrastructure cost, power availability, or geography. Founded by Bernardo Kastrup and Atul Sinha at High Tech Campus Eindhoven, Europe’s smartest square kilometer, EUCLYD draws on the campus’s semiconductor ecosystem and Europe’s engineering heritage.

At the center of EUCLYD’s roadmap are craftwerk, the world’s first agentic AI silicon, and craftwerk station CWS, the world’s lowest-power exascale AI factory. The platform combines programmable ASIC compute, processor-memory co-design, and system-level optimization to overcome the memory and efficiency walls limiting AI performance and scalability.

“AI is becoming a foundation of economic growth, scientific discovery, and national competitiveness, but its potential will remain constrained unless we fundamentally change the infrastructure beneath it,” said Bernardo Kastrup, Founder and Chief Executive Officer of EUCLYD. “This financing accelerates our mission to make intelligence abundant through greater efficiency, lower cost per token, and broader access to advanced AI.”

“The next phase of AI will be defined not only by model innovation, but also by the efficiency and scalability of its infrastructure,” said Dede Goldschmidt, Senior Vice President of Samsung Electronics and Head of the Samsung Semiconductor Innovation Center. “EUCLYD combines an accomplished team with a differentiated vision addressing constraints in AI datacenters.”

“Europe has the engineering talent to produce globally significant technology companies,” said Ted Persson, Partner at EQT and Co-Head of the Scaleup Europe Fund. “EUCLYD combines deep semiconductor expertise with a mission to tackle some of the hardest constraints in AI infrastructure. That mix of European engineering depth and global ambition is what we’re here to back.”

“Europe possesses world-class capabilities across semiconductors, advanced manufacturing, and systems engineering,” said Peter Wennink, Chairman of the Board of EUCLYD and former President and Chief Executive Officer of ASML. “EUCLYD can transform those strengths into a globally competitive AI infrastructure platform.”

The financing will expand EUCLYD’s engineering organization, accelerate its silicon and systems roadmap, strengthen ecosystem partnerships, and prepare the company for commercial deployment across enterprise, sovereign, and hyperscale AI markets.

ABOUT EUCLYD
EUCLYD is a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models. Its roadmap spans agentic AI silicon, advanced memory architecture, and datacenter systems engineered to reduce cost, energy use, and footprint. EUCLYD is headquartered in Eindhoven, the Netherlands.

https://euclyd.ai/

MEDIA CONTACT
Catchfire
[email protected]

NOTES TO EDITORS

Investor Information

About the Scaleup Europe Fund, managed by EQT
The Scaleup Europe Fund, managed by EQT, is a commercially driven alternative investment fund backing ambitious European technology companies with the potential to become global leaders. Targeting €5 billion, the Fund brings together public and private capital and invests across Deeptech, AI and Life Sciences.

EQT is a global investment organization with a Nordic heritage and more than three decades of experience developing companies. With €341 billion in total assets under management, EQT invests across the full lifecycle of companies, from start-up to maturity.

About Somerset Capital Partners
Somerset Capital Partners was founded in 2005 by Joes Daemen and pursues a long-term, multi-asset investment strategy. We invest both directly and indirectly across a diverse range of sectors, including technology, real estate, strategic land, data centres, consumer, and healthcare.

We partner with ambitious entrepreneurs and founders, recognising that transformative ideas require capital, conviction, and time. Therefore, we are committed to fostering enduring and impactful long-term relationships.

About Innovation Industries
Innovation Industries is a leading European Deep tech venture capital firm with €1 billion in capital under management. The firm invests in visionary science and engineering-based companies that tackle the world’s most pressing challenges. With a strong belief that Deep tech can deliver both outsized financial returns and global impact, Innovation Industries partners with exceptional entrepreneurs and researchers to turn scientific breakthroughs into transformative companies. The firm provides long-term capital and strategic support from lab to scale, actively bridging the gap between academia and industry through close collaboration with leading technical universities, research institutions and industry partners. Innovation Industries has offices in Amsterdam, Eindhoven and Munich.

About EIFO 
As Denmark’s national promotional bank and official export credit agency, EIFO works to open doors for global business, drive the green transition, advance innovative technologies, and contribute to Denmark’s security.

With total commitments exceeding EUR 24 billion and activities in more than 100 countries, EIFO provides financial solutions to Danish companies and their global partners.

EIFO is also Denmark’s most active venture investor, investing in startups and VC-funds. In 2025, EIFO made 31 new investments in companies and 15 in funds. Altogether, EIFO has an investment portfolio of just over EUR 2,7 billion.

About imec.xpand
imec.xpand is one of the world’s largest independent venture capital funds dedicated to early-stage semiconductor innovation. It targets ambitious startups where the knowledge, expertise and infrastructure of imec, the world-renowned semiconductor and nanotechnology R&D center, can play a determining role in their growth. imec.xpand has an outspoken international mindset towards building disruptive global companies and strongly believes that sufficient funding from the start is key to future success.

About Brabant Development Agency
Entrepreneurship is the driver of innovation – from sustainable food sources to a healthy future, climate-neutral energy, and developing promising key technologies. The Brabant Development Agency (BOM) ensures that startups playing a role in these fields receive the right support and funding to get off to a solid start and grow into scaleups, and that companies that aspire to go global can actually do so. BOM is an executive body of the Province of Brabant and the Ministry of Economic Affairs and Climate.

About Quadri
Quadri is a venture capital firm investing in category-defining companies across Enterprise AI, Physical AI, and AI Infrastructure. With offices in London and New York, we leverage our global enterprise network to accelerate commercial adoption and international expansion. For more information, visit quadri.vc.

SOURCE EUCLYD