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Global SAF and Energy Fund Acquires Strategic Shareholding in Oiltek International Limited (SGX: HQU)

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Institutional acquisition of 12 million shares signals market confidence in Oiltek’s transformational SAF growth trajectory and long-term value creation potential

SINGAPORE and HONG KONG, Aug. 25, 2026 /PRNewswire/ — Mr. Richard Chee, Managing Partner of Sky Ventures Capital Pte. Ltd. (“Sky Ventures”), as Advisor to the Global SAF and Energy Fund (the “Fund”) managed by Bank of China Asset Management (Singapore), is pleased to announce the Fund’s acquisition of 12,000,000 ordinary shares in Oiltek International Limited (SGX Mainboard: HQU) (“Oiltek”), representing approximately 2.797% of the Company’s total issued share capital.

An Institutional Vote of Confidence in Oiltek The Fund’s acquisition of a strategic shareholding in Oiltek reflects considered institutional confidence in the Company’s business fundamentals, its leadership position in the global vegetable oil engineering sector, and — critically — its first-mover positioning in the rapidly developing Sustainable Aviation Fuel (SAF) value chain across Asia-Pacific.

Oiltek has delivered a remarkable financial track record: a +24% net profit CAGR from FY2019 to FY2025, zero debt, RM99.7 million in cash, and a consistent dividend payout of ~52.5% of profit after tax. Its share price has delivered a 1,625% gain over five years, making Oiltek one of the standout performers on the SGX.

Further growth catalysts include an active pipeline of SAF project opportunities across the region, a proposed secondary listing on the Bursa Malaysia Main Market, and recognition as the 2025 Edge Singapore Centurion Club winner for Highest Returns to Shareholders and Highest Weighted ROE in the Industrials sector.

The SAF Opportunity in Asia-Pacific The global transition towards sustainable aviation fuel is underpinned by evolving regulatory frameworks, growing airline decarbonisation commitments, and accelerating investment across the aviation and energy sectors. SAF development requires the convergence of capital, engineering expertise, feedstock solutions, processing infrastructure, and project execution capabilities — areas in which the company has accumulated over years of operational experience.

Asia-Pacific occupies a strategically important position in this transition. The region represents one of the fastest-growing aviation markets globally, is home to established vegetable oil and agricultural industries that provide relevant feedstock infrastructure, and is experiencing rapidly growing policy and investment interest in renewable fuels and the broader clean energy transition. The Fund’s investment in Oiltek reflects this regional conviction, positioning it to participate in what is expected to be a significant and multi-year development of the SAF value chain across the region.

Strategic Synergy and Business Expansion Potential Beyond the financial merits of the investment, the Fund and Sky Ventures see meaningful strategic alignment between the Fund’s regional SAF project pipeline and Oiltek’s established engineering and project execution capabilities. As the Fund develops and co-develops SAF and clean energy projects across Asia-Pacific, Oiltek’s integrated process technology expertise, spanning feedstock pretreatment, oil refining, HVO, biodiesel, and biogas, positions it as a potential value proposition within the Fund’s portfolio. This creates a potential pathway for Oiltek to expand its project footprint in tandem with the Fund’s investment activities in the region.

In line with this regional expansion strategy, the Fund is currently looking into investing in Sarawak for SAF development.

Richard Chee, Managing Partner of Sky Ventures Capital Pte. Ltd. and Advisor to the Global SAF and Energy Fund, commented:

“We are extremely pleased to welcome Oiltek International into the Global SAF and Energy Fund’s investment portfolio. This acquisition reflects our deep conviction in Oiltek’s exceptional fundamentals and its unique, strategically important positioning at the intersection of vegetable oil engineering and the global SAF megatrend. Oiltek has demonstrated remarkable financial discipline — zero debt, a robust cash position, consistent profitability, and industry-leading shareholder returns. The recent development of the company in the SAF segment is transformational — it has the potential to multiply Oiltek’s earnings base in the future and represents just the beginning of what we believe will be a significant, multi-year SAF project pipeline for the Company. The Fund’s strategic stake in Oiltek is a direct expression of our confidence in the management team, the Company’s capabilities, and the extraordinary long-term opportunity that the global SAF transition represents across Asia-Pacific.”

About Sky Ventures Capital Pte. Ltd. Sky Ventures Capital Pte. Ltd. is a Singapore-based private investment and strategic advisory firm. The company supports businesses and investors in areas including capital markets, mergers, and acquisitions.

About Global SAF and Energy Fund The Global SAF and Energy Fund is a thematic investment fund managed by Bank of China Asset Management (Singapore) with a mandate to invest across companies, projects, and assets in the sustainable aviation fuel and clean energy value chain, with a focus on Asia-Pacific opportunities. The Fund seeks to identify long-term investment opportunities arising from the structural transition towards lower-carbon aviation and the broader clean energy ecosystem.

About Oiltek International Limited (SGX: HQU) Oiltek International Limited (SGX Mainboard: HQU) is an SGX Mainboard-listed tech stock in the Food and Energy Security segment. The company is an award-winning, integrated process technology and renewable energy solutions provider with over 45 years of proven track record, serving the global vegetable oils industry across 38 countries on 5 continents in food security and energy security mandates. The Group specialises in the provision of reliable, innovative, and comprehensive engineering solutions for the vegetable oils industry value chain globally — spanning edible and non-edible oil refining, fractionation, specialty fats, renewable and sustainable energy, and related infrastructure.

View original content:https://www.prnewswire.com/apac/news-releases/global-saf-and-energy-fund-acquires-strategic-shareholding-in-oiltek-international-limited-sgx-hqu-302859410.html

SOURCE Sky Ventures Capital Pte. Ltd.

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He Sold Everything and Moved to Colombia for Her. Then Built the Translator They Needed and Named It After Her.

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Nayerly, a patent-pending iPhone app, is the first translator both people can talk over at once. Fully offline, 22 languages.

EDMONDS, Wash., Aug. 25, 2026 /PRNewswire/ — Michael Wilson sold everything he owned and left the US for Colombia to be with the woman he loved. They did not share a language.

Every translator they tried forced them to take turns: one speaks, stops, waits for playback, and only then can the other answer. It worked. It also turned every conversation into a transaction.

So he built his own, alone, and named it after her. Nayerly is now on the App Store.

Nayerly is full duplex, meaning it listens and speaks at the same time instead of taking turns. The app keeps listening while it is speaking, so you can talk over the translation, and it keeps listening when more than one person talks, so two people can talk over each other and it still works. No phone passed back and forth. It works like a personal interpreter sitting between you.

“Every other translator is a walkie-talkie. You talk, you stop, you wait,” Wilson said. “I built this so I could speak better with someone I love. That is the only way you make a real connection. It works so well you forget you are using it and start talking over each other.”

Everything runs on the device. All 22 language models download during setup, so it works with no Wi-Fi and no signal – on a plane, abroad, off the grid – and no audio ever leaves the phone. Hands-free works with any AirPods, not just the premium ones.

Key features:

– Full duplex: listens and speaks at the same time, so you can talk over the translation and over each other
– 100% offline in 22 languages, including Spanish, Arabic, Chinese, Japanese, Hindi and Ukrainian
– Hands-free with any AirPods
– Private by design: audio is never recorded or stored
– Free to download, 10 minutes of translation daily

Unlimited use is $1.99 per month during launch, billed annually. A one-time lifetime option includes Apple Family Sharing. New languages will be added in future updates at no additional cost to existing users.

Videos of Wilson and his girlfriend using Nayerly in Colombia, both speaking at once in English and Spanish, are on Instagram at instagram.com/nayerlyapp and TikTok at tiktok.com/@nayerlyapp.

Availability

On the App Store for iPhone now: https://apps.apple.com/app/id6762064110
More: https://nayerly.com 

About Nayerly
Nayerly is an independent iPhone app built alone by Michael Wilson and named for the woman he built it for. It exists so two people without a shared language can just talk.

Media Contact
Michael Wilson
Founder, Nayerly
421311@email4pr.com
425-220-5237

View original content to download multimedia:https://www.prnewswire.com/news-releases/he-sold-everything-and-moved-to-colombia-for-her-then-built-the-translator-they-needed-and-named-it-after-her-302859030.html

SOURCE Nayerly

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Eleven GovTech Startups Named to Pitch at State of GovTech 2026

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Companies from across the country will pitch live to government and investor judges in Montgomery County, Maryland, September 9–10. Registration is free for government employees.

SILVER SPRING, Md., Aug. 25, 2026 /PRNewswire/ — CivStart today announced the eleven startups selected to pitch at State of GovTech 2026, the organization’s seventh annual national govtech summit, taking place September 9–10 at the Silver Spring Civic Building in Montgomery County, Maryland.

The selected companies span permitting, public safety, emergency management, grant administration, constituent services, and civic infrastructure finance. They will pitch live on the main stage to a judging panel drawn from local government, county technology leadership, and the govtech investment community.

The 2026 Startup Cohort

Appellate  (Bentonville, AR) — system of record for police towing and vehicle custodyAyla  (Washington, D.C.) — public-sector recruiting on a live government labor-market data engineCODICE  (Washington, D.C.) — no-code permitting, licensing, and inspections platformGostly  (Westminster, MD) — real-time command center for urban infrastructureGrantwell  (Los Angeles, CA) — AI grant management across the full lifecycleGreen Stream Technologies (Wake Forest, NC) — flood and weather early warning systemsGovstream  (Seattle, WA) — AI-driven permitting intakeLabrynth  (US, Australia, EU, UK) — AI-native regulatory intelligence for permittingManyBond — crowdfinancing for community-supported local investmentReadyly  (Connecticut) — agentic AI resolving resident inquiries across every channelSamora AI  (Bellevue, WA) — multilingual voice AI for citizen information lines

The Judging Panel

Hillary Orr, Deputy Director of Transportation, City of Alexandria, Virginia Rita Reynolds, Director of Public Sector, CAI Thao Hill, Co-Founder and CEO, Govinity Tom Spenger, CEO, SOVRA Eyal Feder-Levy, CEO, Zencity

The pitch competition is one part of a two-day agenda built around working sessions rather than passive programming. Attendees draft AI use policies, run live cybersecurity breach simulations, and bring unresolved problems from their own jurisdictions to work through with peers.

State of GovTech 2026 is expected to draw more than 200 attendees, split roughly evenly between public sector leaders and the entrepreneurs, investors, and industry practitioners who serve them. The venue sits directly on the Washington Metro, and registration is free for government employees. Full agenda and registration at civstart.com/sogt26.

About CivStart

CivStart is a govtech organization connecting government leaders with the technology solutions and entrepreneurs solving public sector challenges. Through its accelerator programs, industry events, and products including Clarity and GovFit, CivStart helps state and local governments define their challenges and find partners equipped to solve them. State of GovTech is CivStart’s flagship annual summit, now in its seventh year. Learn more at civstart.com.

Media Contact:

Nick Lyell

Co-Founder & COO

421351@email4pr.com | 608.234.2166

View original content to download multimedia:https://www.prnewswire.com/news-releases/eleven-govtech-startups-named-to-pitch-at-state-of-govtech-2026-302859026.html

SOURCE CivStart

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Goodix Unveils New Generation Touch Screen Controllers for Medium and Large Displays

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SHENZHEN, China, Aug. 25, 2026 /PRNewswire/ — Goodix has launched its new-generation GT9976 series of high-performance touch screen controllers for medium and large displays, targeting premium flexible OLED tablets, foldable smartphone main screens, and other smart devices. Delivering major upgrades in gaming control, touch performance in challenging environments, and active stylus support, the series enables device makers to create differentiated large-screen products for gaming, work, and learning.

As an early commercial deployment of the series, Lenovo’s latest Legion Y700 Wuji gaming flagship tablet and Tab Pen Pro 2 integrate Goodix’s innovative portfolio, including the GT9976N touch screen controller, an active stylus driver chip, and an ultra-narrow side-key capacitive fingerprint sensor, to deliver a more responsive and immersive user experience.

Faster Response for Smoother Large-Screen Interaction

High-refresh-rate displays used in competitive gaming place greater demands on touch response and data processing. The GT9976 series features Goodix’s proprietary full-screen parallel sensing architecture, which achieves a higher signal-to-noise ratio (SNR) within a shorter scan time — significantly accelerating finger-signal capture and processing efficiency.

Supporting 7- to 9.5-inch flexible OLED displays, the new series delivers industry-leading touch report rates and instant sampling rates. From everyday browsing and app switching to sudden stops, sharp turns and rapid multi-taps in high-frame-rate games, the GT9976 series ensures smooth, precise, and highly responsive touch interaction.

Reliable, High-Precision Touch Performance in Demanding Conditions

To address the noise interference from flexible OLED panels under heavy system loads, the GT9976 series adopts an industry-leading high-noise-suppression analog front end (AFE) sampling architecture that doubles SNR over the previous generation. Combined with Goodix’s proprietary gaming algorithms, the controllers accurately identify valid touch signals even in complex noise environments, delivering stable, precise coordinate data at all times.

In demanding scenarios such as FPS, MOBA and rhythm games, the GT9976 series combines a higher SNR, high-speed scanning and sampling, and enhanced real-time noise monitoring with frequency-hopping technology to enable faster tap response and stable multi-finger control without jitter or drift. This improves responsiveness and tracking accuracy for pixel-level actions such as flick aiming, recoil control, combo execution and movement.

The series also integrates advanced dual-mode self- and mutual-capacitance sensing with complementary algorithms to improve palm rejection, effectively reducing false touches caused by grip and edge contact. Dedicated optimization for sweaty hands, wet fingers and gaming finger sleeves helps maintain sensitive and stable touch performance under challenging real-world conditions.

Enhanced Active Stylus Support for Productivity and Creativity

For mobile productivity, education and professional drawing, the GT9976 series also delivers significantly enhanced active stylus performance. When paired with Goodix active stylus driver chip, the solution supports a 360Hz pen report rate. Together with Goodix’s proprietary stylus anti-interference algorithm, it achieves outstanding linearity and precision — accurately reproducing every stroke for tasks such as note-taking, fine annotation, sketching, and handwriting practice.

For flagship OLED tablets with large screens, Goodix also offers the GT7A series, which supports display sizes ranging from 10 to 14 inches while delivering the same high overall performance, further strengthening its portfolio for mid- to large-size touch applications. Both the GT9976 and GT7A series have been validated by leading device brands and display panel manufacturers, and are set to be adopted in foldable smartphones, gaming tablets, and slim flagship tablets — enabling smoother, more precise, and more reliable large-screen interaction.

View original content to download multimedia:https://www.prnewswire.com/news-releases/goodix-unveils-new-generation-touch-screen-controllers-for-medium-and-large-displays-302859395.html

SOURCE Goodix

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