Second project with an established Malaysian banking group reinforces the Group’s momentum in regulated industries

SINGAPORE, Aug. 26, 2026 /PRNewswire/ — Toku Ltd. (“Toku”, “投酷有限公司” or the “Company”, and together with its subsidiaries, the “Group”), a Singapore-incorporated AI-powered customer experience (CX) platform, is pleased to announce that the Group has secured a new five-year engagement with a leading banking group in Malaysia (the “Bank”).

Secured in August 2026, this is the Group’s second project with the Bank and deepens its presence in Malaysia’s banking sector. It underlines the growing demand the Group continues to see from enterprises in regulated industries, where compliance, security and locally hosted infrastructure are increasingly important considerations. The identity of the Bank and the financial terms of the engagement are not disclosed for reasons of client confidentiality.

Thomas Laboulle, Founder and Chief Executive Officer of Toku, commented: “Enterprises in regulated industries choose partners they can trust, and a repeat mandate is the strongest form of that trust. It reflects the pattern behind our growth: clients who start with a single engagement and expand from there. We said at our half-year results that the first half of 2026 was about investment and the second half about conversion. This win is an early sign of exactly that.”

The contract adds to the commercial momentum reported at the Group’s 1H2026 results, where the order book grew 25% since the Offer Document to approximately US$29.3 million at 30 June 2026 and the number of Tier 1 customers (accounts generating annual revenue above US$500,000) more than doubled. It is consistent with management’s expectation of year-on-year organic revenue growth in 2H2026 exceeding the 13.0% recorded in 1H2026.

Further details of the Group’s commercial indicators and outlook are set out in the Company’s unaudited 1H2026 results announcement released on SGXNet on 27 July 2026.

Forward-Looking Statements

This press release contains forward-looking statements regarding Toku’s expansion plans and business strategy. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Toku undertakes no obligation to update these statements to reflect subsequent events or circumstances.

Sponsor’s Statement

Toku Ltd. (the “Company”) was listed on Catalist of the Singapore Exchange Securities Trading Limited (the “Exchange”) on 22 January 2026. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”).

This press release has been reviewed by the Sponsor. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

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SOURCE Toku Ltd.

HEFEI, China, Aug. 26, 2026 /PRNewswire/ — Sungrow, a globally leading PV inverter and energy storage system provider, announced that the 200 MW/400 MWh energy storage project has officially been connected to the grid and commenced operations. Powered by Sungrow’s PowerTitan 3.0 energy storage system and equipped with 600+Ah series stacked battery cells, the project achieved grid connection in just 17 days, setting a new benchmark for project delivery.

Full-Chain Intelligent Delivery, From Factory to Grid in Just 17 Days

Large-scale energy storage projects usually involve numerous devices and complex commissioning procedures, while conventional manual verification can be time-consuming. Powered by Sungrow’s full-chain intelligent delivery system, the project enables digitalized and visualized management across the entire process, from order placement, intelligent manufacturing, and logistics to commissioning and intelligent O&M, with multiple processes running in parallel for greater efficiency.

Sungrow’s self-developed delivery platform enables one-click self-configuration and self-check. Combined with the pre-installation and pre-commissioning of the energy storage system, it reduces the grid connection commissioning process from more than 10 days to just 1 hour, significantly improving project delivery efficiency. Therefore, this project successfully achieved grid connection on the first attempt.

Efficient Operation With 10% Lower Energy Consumption

During the hot summer, high ambient temperatures can increase equipment energy consumption and lead to uneven battery degradation, affecting overall energy output. Facing recent real high-temperature of up to 40°C, this power plant’s top-exhaust air outlet design effectively reduces the heat island effect.

Meanwhile, equipped with Bionic Thermal Balance 2.0, the system enables independent decision-making at the container level and precise thermal balancing at a 1°C level, reducing operating energy consumption by 10%.

PowerTitan 3.0 was also honored with the smarter E AWARD 2026, further recognizing its innovative approach to advancing energy storage technology. Backed by a world-class energy storage manufacturing facility with an annual production capacity of 100 GWh, Sungrow’s PowerTitan 3.0 combines efficient delivery, reliable quality, and industry-leading O&M capabilities to accelerate the clean energy transition across more than 100 countries and regions worldwide.

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SOURCE Sungrow

This recognition comes as the provider-supported GCC setup market in India continues to grow rapidly, with enterprises turning to specialised partners to accelerate and de-risk the process of establishing a capability centre

BENGALURU, India, Aug. 26, 2026 /PRNewswire/ — Embark, a premier, fully integrated service provider dedicated to accelerating the establishment and expansion of Global Capability Centres (GCCs) in India, has been named as a Major Contender in Everest Group’s 2026 PEAK Matrix® Assessment of GCC Setup Capabilities in India. The assessment evaluated leading providers on their ability to help enterprises establish Global Capability Centres in India, based on Everest Group’s annual Request for Information process, provider briefings, and client reference interviews.

This recognition from Everest Group reinforces Embark’s specialised focus on GCC setup and enablement. The model brings together consulting, talent solutions, workspaces and enabling services, to help companies establish their GCCs in India. The assessment also highlights Embark’s proprietary Workforce Ramp Planning Toolkit and GCC Incubation-to-Scale playbook. These capabilities enable a structured approach to helping clients achieve operational readiness and scale their centres.

“Being named a Major Contender by Everest Group is an important milestone for Embark and reflects the specialisation we have built around GCC setup and enablement with the legacy and ecosystem of the Embassy Group behind it. From consulting and talent solutions to workspace and enabling services, including tools like our GCC Calculator that help companies build an early business case, we are the single, dependable partner companies need to get a centre in India up and running. This recognition also sharpens our roadmap as we are investing further in our advisory capabilities and expanding our presence across key markets, helping more companies establish and scale their GCCs in India,” said Aravind Maiya, Co-Founder and CEO, Embark.

“Embark is an emerging player in GCC setup, drawing on Embassy Group’s infrastructure and real estate ecosystem to offer an integrated setup model spanning infrastructure, talent, and other enablement capabilities. Its dedicated focus on GCC setup allows it to support companies across the establishment and operational readiness stages of the GCC journey. These capabilities have positioned Embark as a Major Contender in Everest Group’s Global Capability Centre (GCC) Setup Capabilities in India PEAK Matrix® Assessment 2026,” said Akshay Mathur, Partner, Everest Group.

Disclaimer
Licensed extracts taken from Everest Group’s PEAK Matrix® Reports may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis.  All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports. Everest Group is independent and no organization has paid a fee to be featured or to influence their ranking.  To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports. 

About Everest Group PEAK Matrix® Assessment

The Everest Group PEAK Matrix® Assessment is a fact-based framework that evaluates service providers, technology vendors, and solutions across global markets. Each assessment measures market impact and vision and capability, categorising providers as Leaders, Major Contenders, or Aspirants, with Star Performers recognised for year-over-year improvement. For more information, visit www.everestgrp.com.

About Embark

Established in 2025, Embark is a premier, fully integrated service provider dedicated to accelerating the establishment and expansion of Global Capability Centres (GCCs) in India. Embark simplifies the expansion of global companies in India by serving as a single-source execution partner, providing global organisations everything they need to build their Global Capability Centres, with AI at the core of their design and solution process from the ground up. By integrating practitioner-led expertise with the institutional-grade workplace and infrastructure backing of the Embassy Group – a pioneer in Indian real estate with over three decades of experience – Embark’s comprehensive service suite from Blueprint to Breakthrough encompasses strategy, operations, talent and workplace solutions, under a single accountable model. Through this synergistic approach, Embark empowers global companies to thrive and scale in India’s vibrant ecosystem while maintaining focus on their core innovation mission.

For more details visit https://embarkgrp.com/

Media Contacts

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