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Olea and Riverchain announce strategic partnership to address working capital challenges in construction industry

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HONG KONG and SINGAPORE, May 6, 2025 /PRNewswire/ — Olea Global Pte Ltd (“Olea”) and Riverchain International Ltd (“Riverchain”) are pleased to announce a strategic partnership aimed at addressing the significant working capital lock-up in the construction industry. This collaboration will leverage both companies’ expertise to provide innovative financing solutions tailored specifically for construction companies, particularly SMEs that are often underserved by tradition financial institutions.

The partnership will combine Olea’s global financing capabilities with Riverchain’s specialised knowledge and asset origination expertise of the construction sector to deliver efficient working capital solutions for construction businesses across the APAC region.

Ben Wong, CEO of Riverchain, said: “The construction sector faces unique challenges, such as payment delays and cash flow management issues, which can severely impact business operations and growth, ultimately compromising the project supply chain. This partnership with Olea enhances our ability to take a technology-led approach to deliver more comprehensive and efficient financing solutions that address payment delays and provide the liquidity needed for construction companies to take on new projects without financial constraints. Together, we aim to transform how construction businesses manage working capital.”

Amelia Ng, CEO of Olea, said: “We are delighted to partner with Riverchain to extend our financing solutions to the construction industry, which has traditionally faced significant working capital challenges. This collaboration allows us to demystify what has often been an opaque supply chain by leveraging our joint technologies to provide specialized funding options. These solutions address the unique payment cycles and liquidity needs of the construction sector, helping businesses grow sustainably while managing cash flow effectively.”

The construction industry is known for its extended payment terms and complex supply chains, which often create working capital pressures for contractors and suppliers. Add to this a volatile economic environment, characterised by rising material costs and skilled labour shortages. This partnership aims to alleviate these challenges by providing accessible, flexible financing solutions designed specifically for construction payment cycles.

The Riverchain-Olea partnership plans to finance construction projects, focusing on Asia-Pacific markets. Experts predict continued growth in the sector, with the Asia-Pacific construction output expected to reach USD 8.65 trillion by 2030. However, working capital constraints remain a significant barrier, particularly for small and medium-sized contractors. The Riverchain-Olea solution addresses this working capital lock-up through digitalized financing processes that provide faster access to capital and greater visibility across project payment cycles.

About Riverchain

Riverchain is a trusted provider of working capital solutions to the construction industry. Headquartered in Hong Kong, Riverchain is actively expanding its footprint across the Southeast Asian region. Having already supported 1,200 construction businesses in Hong Kong, Riverchain provides cash advances of up to 90% on invoices—allowing companies to receive payments up to 60 days before their original expected date.

Beyond financing, Riverchain is building a more transparent and resilient construction ecosystem through the proprietary technology that improves visibility of project performance and payment flows. Through Riverchain’s specialised industry knowledge and digital infrastructure, Riverchain is modernising construction finance and empowering businesses across the supply chain to grow confidently and sustainably.

About Olea

Olea is a digital infrastructure platform that connects global liquidity with trade and supply chain opportunities, fuelling growth and unlocking potential worldwide. Olea has diverse liquidity pools with varying appetite and focuses, Olea’s vision is to connect capital to opportunity. It has a strong conviction in the role of trade to support sustainable economic development across countries, particularly emerging markets, particularly Asia where many smaller suppliers are based. Olea supports suppliers and buyers in over 70 corridors.

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SOURCE Riverchain International Limited

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Kontron Launches Two New KBox F-Series Industrial Computers To Bring Greater Flexibility and Scalability to Industrial Edge Computing

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TAIPEI, Oct. 21, 2026 /PRNewswire/ — Kontron, a leading global provider of IoT/Embedded Computing Technology (ECT), expands its KBox F-Series with the KBox F-203-RPS and KBox F-204-RPS, two compact industrial computers designed to address diverse requirements in intelligent Industry 4.0, edge computing and industrial IoT applications.

Both systems are powered by 12th, 13th or 14th Gen Intel® Core™ i9/i7/i5/i3 S-Series socket-type processors with a TDP of up to 65 W and support up to 96 GB DDR5 memory, providing a scalable computing foundation for demanding industrial applications requiring flexible performance configuration and long-term deployment.

The KBox F-203-RPS offers two LAN configurations with either two or four GbE ports, allowing customers to select the connectivity level that best fits their applications. The dual-LAN configuration provides an efficient solution for general industrial computing, equipment control and edge applications, while the four-LAN configuration offers additional network connectivity for applications involving multiple devices or network segments, such as machine vision, industrial automation and IoT gateways.

For applications requiring greater system expandability, the KBox F-204-RPS provides one PCIe x16 or two PCIe x8 expansion slots, offering the flexibility to integrate graphics, networking, AI acceleration or other add-on cards according to specific application requirements. With support for up to four 2.5-inch SATA HDDs/SSDs, it also provides extensive storage scalability for data-intensive workloads. These capabilities make the KBox F-204-RPS particularly suitable for industrial edge computing, machine vision, video processing and applications requiring additional functionality or large local data storage.

Together, the KBox F-203-RPS and KBox F-204-RPS enable customers to select the configuration that best matches their requirements, from a slimmer, network-focused industrial computer to a highly expandable edge computing platform.

To learn more about KBox F-203-RPS and KBox F-204-RPS, refer to https://www.kontron.com/en/products/kbox-f-203-rps/p301099 and https://www.kontron.com/en/products/kbox-f-204-rps/p311867.

About Kontron

At Kontron, we champion IoT and Industry 4.0, by creating secure, state-of-the-art solutions that span hardware, software and services. Our approach speeds market entry, reduces the cost of ownership, and offers longevity, ensuring our role as your trusted partner in the integration of smart technologies. For more information, please visit www.kontron.com, dial +886-2-2799-2789 or email SalesAsia@kontron.com.

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SOURCE Kontron

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Mouser Electronics Brings Smart Sensing Solutions to PSECE 2026

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MANILA, Philippines, Oct. 21, 2026 /PRNewswire/ — Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, announces its participation in the 21st Philippine Semiconductor and Electronics Convention and Exhibition (PSECE 2026) from October 26 to 28 at the SMX Convention Center Manila, Philippines. This event underscores Mouser’s commitment to supporting the region’s growing electronics design community with immediate access to cutting-edge technologies.

Visitors are invited to meet the Mouser team at Booth #110-111 to explore new products and practical design resources. The booth features a live demonstration of Würth Elektronik’s smart sensing and visual indication solutions, integrating environmental and motion sensing with programmable visual feedback and wireless connectivity. This interactive display illustrates how modern devices can detect physical conditions and translate them into clear, immediate visual data, addressing the critical need for reliable intelligence in connected systems.

“As we advance into an era of interconnected intelligence, Mouser remains committed to bridging the gap between cutting-edge components and real-world application,” said Daphne Tien, Vice President of Marketing and Business Development at Mouser APAC. “Our presence at PSECE 2026 underscores our dedication to empowering engineers with the tools they need to innovate. We look forward to fostering a vibrant ecosystem where technology translates into tangible progress for the Philippines and beyond.”

Mouser’s participation highlights its strategic objective to strengthen ties with local partners and accelerate the adoption of advanced semiconductor technologies. By providing a platform for knowledge exchange, the company aims to help design communities turn promising prototypes into practical applications.

Attendees will have the opportunity to gather invaluable insights, learn industry best practices, and connect with professionals from across the region. The booth also features interactive activities where visitors can win premium gadgets and engineering tools, making innovative technology more approachable for everyone.

To learn more about Mouser’s presence at PSECE 2026, visit https://www.mouser.ph/psece-seipi/. 

For more Mouser news and our latest new product introductions, visit https://www.mouser.com/newsroom/.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/mouser-electronics-brings-smart-sensing-solutions-to-psece-2026-302914806.html

SOURCE Mouser Electronics

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Workato Launches Self-Serve Platform in Singapore, Opening Enterprise AI to a Broader Community of Builders

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New offering gives developers, students, and customers access to the full power of Workato’s enterprise-grade engine to build AI agents and MCP servers

SINGAPORE, Oct. 21, 2026 /PRNewswire/ — Workato®, the leading Control and Execution Platform for Enterprise AI, today announced the launch of a new self-service offering that gives customers, developers, and students across Asia access to the Workato platform to govern and scale their AI initiatives, including building and productionizing AI agents and MCP servers.

Making AI accessible has been at the heart of Workato’s mission the past several years. Through the AI Institute Alliance, unveiled in September 2025, Workato partnered with leading institutes of higher learning across Singapore, including Nanyang Polytechnic, Republic Polytechnic, Temasek Polytechnic, Singapore Polytechnic, Ngee Ann Polytechnic, the Singapore University of Social Sciences, and the National University of Singapore. The initiative equipped students and educators with automation and AI skills.

The AI Lab, which opened a year later, extended that commitment further into the public sector through its partnership with EDB, and into inclusive hiring through SG Enable.

The newly launched self-serve platform will provide users access to:

A free account to start building immediately, with the option to upgrade to a paid plan, no contract required, as projects growThe ability to build recipes, Agents/Genies, and MCP servers directly on the platformThe same governed, enterprise-grade engine that powers Workato’s largest deploymentsA path built for independent developers, students, and small teams, as well as large enterprises

Since launching in 2026 in North America, Workato has seen rapid growth in the builder community. The platform is enterprise grade, but free to get started. As builders solve problems for their business, they can grow by upgrading to a paid plan. With this launch in Singapore, Workato is making an investment in the local builder community.

“The next era of AI won’t be defined by who has access to intelligence, but by who can turn it into action. We’re putting the same enterprise-grade power trusted by the world’s largest companies into the hands of every builder. We want everyone to be able to transform how their business operates,” said Rishi Mallik, Chief Growth Officer, Workato. 

Workato showcased its self-serve platform and broader community initiatives at World of Workato (WOW) 2026 in Singapore.

Builders can sign up now at https://app.trial.workato.com/users/sign_up_trial?utm_content=sg_wow2026.

About Workato

Workato is the leading Control and Execution Platform for Enterprise AI — the neutral platform enterprises trust to put AI to work across their business. Workato unifies data, applications, and processes into a single platform so AI can reliably orchestrate business processes in production at enterprise scale. Built on more than a decade of running mission-critical processes for over half the Fortune 500 — including Nasdaq, Cisco, Vodafone, Atlassian, and Lucid Motors — Workato turns over 17,000 enterprise systems AI needs to act on into one governed execution layer. For more information, visit workato.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/workato-launches-self-serve-platform-in-singapore-opening-enterprise-ai-to-a-broader-community-of-builders-302914795.html

SOURCE Workato

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