HONG KONG, Oct. 21, 2026 /PRNewswire/ — SINEXCEL (300693.SZ), a global provider of energy storage, EV charging, power quality, and critical power solutions for AI data centers (AIDCs), has been named to Forbes Asia’s Best Under A Billion 2026, marking its second recognition following 2023.

Published in the August 2026 issue of Forbes Asia, the unranked list recognizes 200 publicly listed companies selected from over 19,000 Asia-Pacific companies with annual revenues between US$10 million and US$1 billion. Selection criteria include debt levels, sales and earnings-per-share growth over one- and three-year periods, and return on equity over one and five years. Qualitative screening also considers corporate governance, accounting practices, environmental responsibility, and management integrity, highlighting companies with strong, sustainable performance.

SINEXCEL is among the 28 Chinese companies selected for this year’s list, recognized for its solid financial performance and sustained business growth.

Sustained Growth Powered by Innovation

SINEXCEL has demonstrated strong business momentum, achieving a five-year compound annual growth rate (CAGR) of 35.05% in revenue and 35.04% in net profit attributable to shareholders of the parent company, with both return on equity (ROE) and return on invested capital (ROIC) exceeding 20%.

From 2019 to 2025, cumulative R&D expenditure exceeded US$176 million (€157 million), while technical professionals represented nearly 30% of its 2,600+ employees in 2025.

Guided by a customer-centric approach, long-term thinking, and a commitment to high-quality growth, SINEXCEL continues to refine its management practices to strengthen market competitiveness and business resilience.

Global Leadership Across Key Energy Technologies

Founded in 2007, SINEXCEL has achieved 17 GW of installed energy storage capacity, over 200,000 DC EV chargers deployed, nearly 20 million amperes of Active Harmonic Filters delivered, and more than 700 data center power quality projects worldwide.

The company was also recognized as a BloombergNEF Tier 1 Power Inverter Manufacturer in Q1–Q3 2026.

Beyond technology, SINEXCEL continues to strengthen its ESG governance framework. At the 2025 Brandon Hall Group Excellence in Action Awards™, a prestigious program recognizing excellence in human capital management, the company received Silver in Promotion and Succession and Bronze in Diversity, Equity, and Inclusion.

Advancing Energy Freedom Worldwide

This second Forbes Asia recognition reinforces SINEXCEL’s commitment to sustainable growth and technological excellence as it continues to advance power electronics innovation, strengthen global partnerships, and deliver reliable, efficient energy solutions to empower energy freedom worldwide.

Contact: melody_yu@sinexcel.com

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GOTHENBURG, Sweden, Oct. 21, 2026 /PRNewswire/ — Minesto, leading ocean energy developer, has been selected to participate in the Sweden-Indonesia Sustainability Partnership (SISP), a Swedish government-backed initiative supporting sustainable development and business collaboration in Indonesia. Through the partnership, Minesto will work closely with Business Sweden to advance tidal energy opportunities in one of the world’s most promising markets for ocean energy, supporting Indonesia’s transition towards a sustainable energy system.

The Sweden-Indonesia Sustainability Partnership brings together Swedish companies and Indonesian stakeholders to accelerate the adoption of sustainable technologies and solutions. Within the partnership’s Sustainable Energy Programme, Minesto will collaborate with Business Sweden to develop commercial opportunities for its unique tidal energy technology, including identifying strategic partners, facilitating access to financing and advancing project development.

Indonesia, the world’s largest archipelagic nation, offers significant potential for tidal energy generation. Its extensive network of islands and straits creates favourable conditions for harnessing tidal currents, with the country’s total ocean energy potential estimated at approximately 60 GW. At the same time, Indonesia faces substantial challenges in its energy transition. With electricity generation still heavily dependent on fossil fuels, the country faces considerable challenges in expanding renewable energy across its thousands of islands.

Minesto’s patented tidal energy technology offers a new opportunity to harness this largely untapped resource. By generating electricity from predictable tidal currents, including at sites with lower flow velocities, Minesto’s technology can complement established renewable energy sources such as solar and wind, contributing to a more reliable and diversified renewable energy system.

Johan Lennefalk, Acting Country Manager Indonesia, Business Sweden, comments, “Indonesia has significant untapped potential in ocean and hydropower resources, which can play an important role in diversifying the country’s renewable energy mix. Minesto’s technology offers a particularly promising solution by harnessing tidal currents that have previously been difficult to utilise, providing predictable renewable electricity that complements other hydropower and ocean energy solutions. We look forward to continuing to work with Minesto and other companies to contribute to Indonesia achieving its net-zero emission target by 2060.”

The collaboration builds on Minesto’s ongoing business development in Indonesia. One of the opportunities is a tidal energy project at Nusa Penida, southeast of Bali, where Minesto is involved in feasibility assessments together with local partners. Through the collaboration with Business Sweden, Minesto will further strengthen local partnerships to advance project development.

“Indonesia represents one of the largest global markets for our technology. The country’s extensive tidal resources, combined with its growing demand for reliable renewable electricity, create significant opportunities. Being a part of the Sweden-Indonesia Sustainability Partnership strengthens our ability to turn this potential into commercial projects, working alongside Business Sweden and key Indonesian stakeholders,” comments Dr Martin Edlund, CEO of Minesto.

Peter Hjertsson, Energy Lead, Business Sweden, comments, “The Sweden-Indonesia Sustainability Partnership provides an important platform for connecting Swedish companies including Minesto with Indonesia’s growing demand for sustainable energy solutions. We see opportunities to build on this collaboration and explore larger-scale strategic initiatives at a national level that can contribute to Indonesia’s long-term energy transition.”

Contact

Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com 

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TURKU, Finland, Oct. 21, 2026 /PRNewswire/ — Teleste is the first to integrate Acapela’s AI text-to-speech technology directly into its proven S-ARRIVE® passenger information platform, setting a new benchmark for passenger information on trains, trams, and metros.

With this industry-first, Teleste enables operators to deliver clear, natural passenger information instantly as situations evolve, powered by Acapela’s latest AI voice technology.

Reliable and natural communication throughout the journey, from next-stop announcements to disruption messages.

S-ARRIVE synchronizes visual and audio communication, from next-stop information to service changes and disruption messages. Acapela AI voices bring a natural voice to this information, with pronunciation adaptable to local station names and transport vocabulary.

Improved voice quality, intelligibility, and naturalness help passengers understand essential information throughout their journey. Together with visual information, AI announcements support a more accessible passenger experience, helping ensure that information can reach more passengers.

“By integrating Acapela AI voices into our S-ARRIVE platform, we enhance the continuous flow of information with an AI based text-to-speech solution that provides high-quality announcements.” Jarkko Vehkala, Business Director, Railway Solutions, Teleste.

“When something changes during a journey, passengers need to understand it immediately. Embedded Acapela AI voices add a natural and responsive voice to Teleste S-ARRIVE, helping deliver relevant information at the right moment.” Rémy Cadic, CEO, Acapela Group

Together, Teleste and Acapela bring the latest AI voice technology into a proven platform built for the evolving needs of connected transport.

About Teleste on board solutions: teleste.com/on-board-solutions 

About Acapela Group Voice AI for Transport acapela-group.com/transport 

More information

Teleste
Linda Kallas, SVP, Communications
linda.kallas@teleste.com
Tel. +358 40 596 3012

Acapela Group
Caroline Houel, Head of Communciations,
caroline.houel@acapela-group.com
Tel. +33562247100

About Teleste

Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. Our solutions bring television and broadband services to you, secure your safety in public places and guide your use of public transport. With solid industry experience and drive for innovations, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. In 2025, Teleste’s net sales reached EUR 138,6 million and it had approximately 630 employees. Teleste is listed on Nasdaq Helsinki. For more information, visit www.teleste.com. 

About Acapela Group

The Voice for Responsible AI.
For over 30 years, Acapela has been helping organizations communicate through natural, accessible, and trusted AI voices. From next-stop announcements to disruption information, our voices support clear passenger communication in demanding transport environments. Designed with privacy, accessibility, and ethics at their core, they can be deployed on-device, on-premise, in sovereign cloud, or in the cloud. Trusted by transport operators worldwide, we create voices that inform, reassure, and guide every journey. For more information, visit www.acapela-group.com

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