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CreateAI Releases White Paper on how AI Transforms Animation Production

BEIJING, May 7, 2025 /PRNewswire/ — CreateAI Holdings Inc. (OTCMKTS: TSPH) (“CreateAI” or the “Company”), a global artificial intelligence technology company, today announced the release of its “White Paper on the Application and Development of Multimodal Generative Technology in Animation Production” (“White Paper”). The White Paper provides a comprehensive analysis of 2D and 3D animation production workflow, detailing the transformative impact of multimodal generative technology across critical stages, including scriptwriting, storyboarding, and asset creation for the animation industry.

CreateAI Releases White Paper on how AI Transforms Animation Production
CreateAI Releases White Paper on how AI Transforms Animation Production

The White Paper also highlights the global success of Ne Zha 2, a Chinese animated film that grossed over USD $2 billion, securing its place among the top five highest-grossing films in history globally and a breakthrough for Asia-origin studio work. As the first regional film to achieve this milestone, Ne Zha 2 leveraged cutting-edge AI generative tools to enhance animation quality, streamline production, and achieve widespread critical and commercial acclaim. The paper uses this landmark project as a case study, supported by robust data, to illustrate how AI drives cost-efficiency and creative innovation in the animation industry.

A key highlight of the White Paper is the introduction of CreateAI’s Video Model Evaluation System, the industry’s first standardized framework designed specifically for animation. This system establishes benchmarks for video generation across six essential dimensions, setting a new standard for quality and consistency in AI-driven animation.

“Technological progress must be anchored in real-world applications and sustainable business models,” said Cheng Lu, President and CEO of CreateAI. “The future of digital entertainment will be shaped not by generic large-scale models but by specialized solutions tailored to specific industry needs. CreateAI is dedicated to solving animation industry challenges, redefining creative workflows, and empowering artists to amplify – not replace – their vision through AI.”

Meeting Demand for Specialized Animation Tools

Despite rapid advancements in video generation models, generic tools often fall short of the animation industry’s need for precision, stylization, and seamless workflow integration. According to the Digital Content Association of Japan’s latest report, while global video model inference speeds have improved by 120%, creator satisfaction in animation applications remains below 31%. CreateAI addresses this gap with targeted, high-performance solutions.

Deep Strategic Deployment via Application

CreateAI has established a cohesive ecosystem integrating technology, tools, and content:

  • Technology: In December 2024, CreateAI unveiled Ruyi, a proprietary text-to-video model trained on specialized animation and sci-fi datasets. Ruyi addresses challenges like frame consistency and style adaptation, delivering dependable, high-quality outputs for creators.
  • Tools: CreateAI launched the world’s-first AI video generation platform tailored for anime, comics, and gaming (ACG) content – Animon.ai – developed with top Japanese animation teams. Offered via subscription, it supports unlimited high-quality video creation.
  • IP Ecosystem: CreateAI secured exclusive adaptation rights for Louis Cha’s “Heroes of Jin Yong” and The Three-Body Problem, iconic IPs with global cultural impact and loyal fanbases, driving significant market growth potential.

The full White Paper is available for free to download at https://d7bqhtsd96p14.cloudfront.net/upload/2025050612004141l72u.pdf

Simultaneous to the White Paper release, CreateAI hosted an investor event. To watch the speech during the event by Cheng Lu, President and CEO of CreateAI, please visit: https://youtu.be/87LUpHAWmAQ

About CreateAI

CreateAI (formerly TuSimple) is a global applied artificial intelligence company with offices in the US, China, and Japan. The Company has developed leading AI technology for a number of end-use applications. The Company is pioneering the future of digital entertainment content production, seamlessly blending cutting-edge generative AI technology with the creativity of world-class talent. Our mission is to redefine the boundaries of what’s possible in digital storytelling by developing immersive, captivating, and visually stunning experiences that resonate with audiences on a global scale. 

CreateAI Media Contact:
Brad Burgess
ICR, LLC
Email: CreateAI.PR@icrinc.com 

Malaysia’s Leading Herbal Repair Cream Brand Enters Retail After 4 Years — and Customers Are Loving It

KUALA LUMPUR, Malaysia, May 7, 2025 /PRNewswire/ — After 4 years of selling exclusively online, Jolicare, Malaysia’s #1 selling herbal skincare brand for dry, itchy, and sensitive skin, is making its long-awaited debut in physical retail. The brand’s entry into nearly 20 stores across Klang Valley and Johor marks a significant milestone in its journey from an online startup to a household name, with over 100,000+ Jolicare Cream sold since its launch in 2021.

Malaysia’s Leading Herbal Repair Cream Brand Enters Retail After 4 Years — and Customers Are Loving It
Malaysia’s Leading Herbal Repair Cream Brand Enters Retail After 4 Years — and Customers Are Loving It

Founded in April 2021, Jolicare was born out of a simple but powerful belief: that people struggling with dry, itchy, and sensitive skin deserve more than just temporary relief. Over the years, its flagship product, Jolicare Cream, has become known for providing Lasting Repair — a steroid-free, herbal formulation trusted by families across Malaysia and Singapore.

The decision to enter physical retail wasn’t made lightly. For the past four years, Jolicare has built its community entirely through digital channels — including Shopee, TikTok Shop, Lazada, and its own website — with over 20,000+ 5-star reviews and customer stories shaping the brand’s growth.

Jolicare’s rise has been quietly impressive. With over 539% year-on-year growth, the brand’s momentum reflects a growing demand for lasting, herbal-based solutions.

But beyond numbers, it’s the voices of customers — thoughtful reviews, heartfelt stories, and consistent repurchases — that continue to shape the brand’s journey. Many of these customers, especially those looking for gentler, effective everyday skincare for their dry, itchy, and sensitive skin, have been asking for one thing: easier access.

Therefore, this decision to move into retail is not one driven by the company, but the customers.

“We’ve received thousands of messages from customers who love Jolicare but prefer buying in-store,” said Caleb, CEO of Jolicare.

“Tons of them say – We need the cream urgently. Is there a place we can get it now?” 

“Some don’t shop online, others want to feel the product before purchasing, and many simply enjoy browsing at their favorite pharmacy.”

“It’s time to make Jolicare more accessible.” Caleb added.

In just 45 days, Jolicare rolled out to nearly 20 outlets, with many more to come. The brand is already in talks to expand into 1,000 retail stores across Malaysia & Singapore in 2025, signaling a significant wave of momentum for Jolicare.

The team shared that walk-in customers have already expressed excitement at discovering the brand on shelves, especially those experiencing skin issues such as eczema, psoriasis, or dry, itchy, and sensitive skin.

Jolicare Cream is designed to provide herbal, lasting repair with every use:

  • Formulated with 10+ Premium Herbs
  • 0 Steroids. 0 Parabens. 0 Fragrances.
  • GMP-certified
  • Lab-tested and certified by SGS and MyCO2
  • 20,000+ five-star reviews

What’s next for Jolicare?

While the brand is keeping some details under wraps, pharmacy partnerships are on the horizon, and customers may soon find Jolicare at some of the country’s best-known pharmacy chains.

“We’ll leave that part as a little surprise.   But one thing’s for sure — Jolicare is just getting started,” Caleb added with a little wink.

To learn more about Jolicare, visit the official website: https://jolicare.com

About Jolicare

Jolicare is the #1 selling repair cream for dry, itchy, and sensitive skin in Malaysia and Singapore. With over 100,000+ creams sold and thousands of loyal customers, Jolicare continues to expand its presence both online and offline across Malaysia, Singapore, and beyond.

Follow Jolicare on Social Media:

Facebook: /jolicare.os
Instagram: @jolicare.os
TikTok: @jolicare.my

LONGi and ENGIE Forge Powerful Partnership to Drive Solar Innovation with Hi-MO 9 BC Technology

Global Collaboration Accelerates Utility-Scale Solar Adoption with Disruptive Back Contact Technology

PARIS, May 7, 2025 /PRNewswire/ — LONGi, a world leading solar technology company, has secured a significant agreement with ENGIE, a renowned global energy group, to deploy its advanced Hi-MO 9 modules for major utility-scale solar projects in Middle-East and North-Africa (MENA) region. This collaboration signifies a pivotal moment in the evolution of large-scale solar energy, highlighting the industry’s increasing recognition of back contact (BC) technology as a game-changing solution for high-performance renewable energy installations.

LONGi and ENGIE Forge Powerful Partnership to Drive Solar Innovation
LONGi and ENGIE Forge Powerful Partnership to Drive Solar Innovation

Why Hi-MO 9 Stands Apart

This landmark partnership between LONGi and ENGIE underscores the transformative potential of Hi-MO 9 modules, powered by cutting-edge BC technology. LONGi’s Hi-MO 9 modules with its highest power of 670W, a 24.8% major efficiency and its superior bifaciality up to 80%, represent a leap forward in photovoltaic innovation. By relocating all cell electrodes to the rear of the module, this revolutionary design eliminates shading losses and maximizes light capture, resulting in industry-leading conversion efficiency. Furthermore, this design enhances temperature coefficient performance, ensuring consistent power output even in challenging environmental conditions. Combined with LONGi’s stringent quality standards, Hi-MO 9 offers developers unparalleled reliability and optimal long-term returns.

This collaboration between LONGi and ENGIE is set to redefine the standards of efficiency, durability, and sustainability in the solar sector.

“ENGIE’s selection of Hi-MO 9 is a testament to the global energy sector’s recognition of BC technology as the ultimate frontier in solar innovation.” Stated Dennis She, Vice President of LONGi. “LONGi’s collaboration with ENGIE sets a new benchmark for utility-scale solar deployments worldwide. This partnership reaffirms our commitment to delivering solutions that redefine efficiency, durability, and sustainability.”

“For ENGIE, this partnership with LONGi reflects our commitment to lead the global energy transition through the adoption of cutting-edge, innovative and sustainable solutions. This collaboration agreement will serve as a model for large-scale solar development in Middle-East and North-Africa, driving progress toward a carbon-neutral future,” said François-Xavier BOUL, ENGIE Managing Director MENA Renewables & Batteries.

This collaboration reflects LONGi’s dedication to harmonizing technological advancement with environmental responsibility. The high-power density of Hi-MO 9 modules optimizes land use, contributing to more sustainable development practices. LONGi and ENGIE are committed to upholding rigorous environmental protocols throughout the project lifecycle.

Photo – https://laotiantimes.com/wp-content/uploads/2025/05/longi_x_engie_signing-1.jpg 
Logo – https://laotiantimes.com/wp-content/uploads/2025/05/longi_new_logo-1.jpg 

LONGi and ENGIE Forge Powerful Partnership to Drive Solar Innovation with Hi-MO 9 BC Technology

Global Collaboration Accelerates Utility-Scale Solar Adoption with Disruptive Back Contact Technology

PARIS, May 7, 2025 /PRNewswire/ — LONGi, a world leading solar technology company, has secured a significant agreement with ENGIE, a renowned global energy group, to deploy its advanced Hi-MO 9 modules for major utility-scale solar projects in Middle-East and North-Africa (MENA) region. This collaboration signifies a pivotal moment in the evolution of large-scale solar energy, highlighting the industry’s increasing recognition of back contact (BC) technology as a game-changing solution for high-performance renewable energy installations.

LONGi and ENGIE Forge Powerful Partnership to Drive Solar Innovation
LONGi and ENGIE Forge Powerful Partnership to Drive Solar Innovation

Why Hi-MO 9 Stands Apart

This landmark partnership between LONGi and ENGIE underscores the transformative potential of Hi-MO 9 modules, powered by cutting-edge BC technology. LONGi’s Hi-MO 9 modules with its highest power of 670W, a 24.8% major efficiency and its superior bifaciality up to 80%, represent a leap forward in photovoltaic innovation. By relocating all cell electrodes to the rear of the module, this revolutionary design eliminates shading losses and maximizes light capture, resulting in industry-leading conversion efficiency. Furthermore, this design enhances temperature coefficient performance, ensuring consistent power output even in challenging environmental conditions. Combined with LONGi’s stringent quality standards, Hi-MO 9 offers developers unparalleled reliability and optimal long-term returns.

This collaboration between LONGi and ENGIE is set to redefine the standards of efficiency, durability, and sustainability in the solar sector.

“ENGIE’s selection of Hi-MO 9 is a testament to the global energy sector’s recognition of BC technology as the ultimate frontier in solar innovation.” Stated Dennis She, Vice President of LONGi. “LONGi’s collaboration with ENGIE sets a new benchmark for utility-scale solar deployments worldwide. This partnership reaffirms our commitment to delivering solutions that redefine efficiency, durability, and sustainability.”

“For ENGIE, this partnership with LONGi reflects our commitment to lead the global energy transition through the adoption of cutting-edge, innovative and sustainable solutions. This collaboration agreement will serve as a model for large-scale solar development in Middle-East and North-Africa, driving progress toward a carbon-neutral future,” said François-Xavier BOUL, ENGIE Managing Director MENA Renewables & Batteries.

This collaboration reflects LONGi’s dedication to harmonizing technological advancement with environmental responsibility. The high-power density of Hi-MO 9 modules optimizes land use, contributing to more sustainable development practices. LONGi and ENGIE are committed to upholding rigorous environmental protocols throughout the project lifecycle.

 

Winners Announced for the 2025 Decarbonising Mining Awards

PERTH, Western Australia, May 7, 2025 /PRNewswire/ — Energy and Mines is proud to announce the winners of the 2025 Decarbonising Mining Awards, celebrated on May 6th as part of The Decarbonised Mine Summit at the Perth Convention and Exhibition Centre. These prestigious awards honour outstanding achievements in mining sustainability, decarbonisation, and innovation.

Decarbonising Mining Awards - May 6, Perth Convention
Decarbonising Mining Awards – May 6, Perth Convention

The winners were selected following a rigorous evaluation by a distinguished panel of judges from leading mining, finance, and sustainability organizations, including Westgold, Clean Energy Finance Corporation, Pollination, Boliden, Ramelius Resources, Sandfire Resources, Thalanyji Aboriginal Corporation, Resource Capital Funds, Macquarie Bank, Alcoa, and SysEne Consulting.

The 2025 Decarbonising Mining Awards winners are:

1) Excellence in Decarbonisation Strategy and Implementation by a Mining Company (Sponsored by Stantec):

Joint Winners: Gold Fields and Fortescue – Recognised for their ambitious strategies and significant investments driving real emissions reductions across their operations.

2) Excellence in Renewable Energy in Mining (Recognition of Excellence):

Liontown Resources – Awarded for setting a new benchmark in high-penetration renewable energy for sustainable, off-grid mining.

3) Pioneering Renewable Integration in Mining:

Winner: Pacific Energy – Honoured for the 61MW off-grid hybrid power system at the Tropicana Gold Mine, significantly reducing emissions while ensuring reliable power.

4) Innovation in Decarbonising Material Movement:

Winner: XCMG’s Supply of Battery Electric Heavy Mobile Equipment to Fortescue – Celebrated for delivering over 100 battery-electric mining vehicles, transforming haulage operations and reducing millions of litres of fossil fuel consumption.

5) Excellence in ESG by a Mining Company (Recognition of Excellence):

Bellevue Gold – Recognised for its comprehensive and transformational ESG framework, including strong Traditional Owner partnerships and ambitious climate commitments.

6) Excellence in Mine Decarbonisation Innovation (Sponsored by HopgoodGanim)

Winner: Arca – Acknowledged for pioneering on-site carbon mineralization in mine waste, offering a breakthrough solution for permanent CO₂ sequestration.

7) Mining Decarbonisation Champion (Sponsored by TransAlta)

Winner: James Koerting, Senior Manager, Energy, Gold Fields- Honoured for his leadership in developing and delivering Gold Fields’ award-winning renewable energy strategies.

“These awards spotlight the bold initiatives and visionary leadership shaping the mining industry’s low-carbon future,” said Adrienne Baker, Director of Energy and Mines. “Congratulations to all our winners and finalists — your leadership is showing the world that mining can be a force for innovation, sustainability, and positive change.”

Summit details: https://australia.energyandmines.com
Awards details: https://awards.energyandmines.com

Contact: adrienne.baker@energyandmines.com

Photo – https://laotiantimes.com/wp-content/uploads/2025/05/8728968_canada_inc__winners_announced_for_the_2025-decarbonising.jpg

Citi and SDX Join Forces to Unlock Access to Tokenized Private Market Assets for Global Issuers and Investors

Citi will join SDX as a custodian and tokenization agent as both parties work together to unveil an industry-first solution in the third quarter of 2025

SINGAPORE, May 7, 2025 /PRNewswire/ — Citi and SDX today announced their collaboration at the Point Zero Forum in Switzerland that addresses challenges associated with traditional private markets for global issuers and investors. Citi will be tokenizing, settling and safekeeping assets on SDX’s digital Central Securities Depositary (CSD) platform and will bring late-stage pre-IPO equities to institutional and eligible investors on the SDX platform.

Expected to be live by the third quarter of 2025, Citi and SDX are developing a scalable solution that will make shares in high-growth, venture-backed private companies much more accessible to investors. For issuers, it will present a novel and compliant model to simplify liquidity management for early investors and employees while enabling cap table control.

The collaboration leverages Citi’s expertise in securities services and private market investments, and SDX’s regulated infrastructure for digital securities.

David Newns, Head of SDX, said, “We are excited to welcome Citi to the SDX platform and together deliver this landmark project in the tokenization of private shares. This initiative will distinguish itself in the industry by using SDX’s regulated blockchain based technology to enable the efficient distribution of shares in mature international private companies, which are expected to generate strong investor interest.”

Marni McManus, Citi Country Officer & Head of Banking for Switzerland, Monaco & Liechtenstein, said, “Switzerland’s regulatory framework and SDX’s infrastructure allows Citi to bring a new solution to market using technology to solve for challenges in private markets for issuers and investors. Private markets is a major and growing opportunity and our work with SDX promises to simplify and digitize what is essentially a manual and paper-driven industry today.”

Ryan Marsh, Head of Innovation & Strategic Partnerships, Investor Services and Issuer Services at Citi, said, “As a digital custodian and tokenization agent on the SDX platform, Citi will support its global investor and issuer clients with end-to-end servicing of tokenized assets. As tokenization scales, we are meeting client demand for access to emerging and relevant digital asset ecosystems and investments. Working with SDX, we are also advancing our innovation agenda to open new frontiers to benefit our clients.”  

The collaboration between Citi and SDX further supports the development of the Swiss digital asset ecosystem and its connectivity with key global markets worldwide. Global digital asset banking group, Sygnum, and Singapore-based financial institution, SBI Digital Markets, will facilitate access to the pre-IPO equities that Citi will bring onto the SDX platform to their clients in Europe and Asia, respectively. 

About SDX
SDX Group AG (SDX) and its subsidiaries operate financial market infrastructures (FMIs) for the issuance, trading, settlement, and custody of digital assets, licensed by FINMA, Switzerland’s financial market regulator. SDX operates a stock exchange through SDX Trading AG and SIX Digital Exchange AG, Switzerland’s first and only Central Securities Depository (CSD) on DLT. SDX Web3 AG is also part of the Group and offers institutional-grade crypto asset custody and staking solutions. As part of SIX Group, SDX is subject to the Group’s high quality and security standards covered under Swiss law. SDX is headquartered in Zurich, Switzerland.   

https://www.sdx.com/ 

About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. 

Additional information may be found at www.citigroup.com  | X: @Citi | LinkedIn: www.linkedin.com/company/citi  | YouTube: www.youtube.com/citi  | Facebook: www.facebook.com/citi 

About the Point Zero Forum Jointly hosted by Global Finance & Technology Network (GFTN) with the Swiss State Secretariat for International Finance (SIF) annually in Zurich, what sets the Point Zero Forum apart is its focus on action-oriented outcomes: it moves beyond discussion to catalyse pilots, shape policy frameworks, and enable cross-border collaborations in areas such as digital money, asset tokenisation, artificial intelligence and green finance infrastructure.  The fourth edition of the Forum convenes a curated community of global decision-makers to build trust in frontier innovation, co-design next-generation financial architecture, and align on regulatory pathways that are both robust and enabling.

TDCX retains rank as the top Southeast Asian outsourced CX provider

Among top 17 globally in OA500 Index that evaluates BPO firms worldwide


SINGAPORE – Media OutReach Newswire – 7 May 2025 – TDCX, a leading global business process outsourcing (BPO) company for technology and blue-chip companies, has retained its rank as the top Southeast Asian BPO in the Outsource Accelerator (OA) 500 2025 Index. The company also moved up in global rankings to 17th this year.

OA500 top 20 BPO firms - TDCX

Ms. Angie Tay, Group Chief Operating Officer, TDCX, said, “In a world increasingly defined by volatility and uncertainty, customer experience is one of the most powerful trust builders for brands. When done well, it strengthens relationships, drives loyalty, and enhances customer lifetime value—making it a key lever for growth.

“At TDCX, we invest continually in the capabilities and talent needed to help our clients deliver exceptional CX at scale. Our acquisition of Open Access BPO and expansion of AI-driven solutions reflect this commitment. Outsource Accelerator’s recognition of TDCX being among the top firms globally for outsourced CX is a testament to our commitment to providing excellent CX services and a tribute to our 20,000-strong team who are delivering world-class support every day. We thank Outsource Accelerator for this honor.”

Mr. Derek Gallimore, Founder and CEO of Outsource Accelerator, said, “What sets TDCX apart from other BPOs is its remarkable ability to blend technological innovation with human expertise, delivering superior results for their clients. TDCX exemplifies the gold standard in outsourcing that modern enterprises increasingly depend on in today’s digital-first business environment.”

TDCX AI recently rolled out an AI enablement program for a batch of customer experience agents to learn about machine learning fundamentals, natural language processing, and AI ethics. In the course of the lessons hosted by Google Cloud Skills Boost, agents who completed the program were granted a professional certification, establishing TDCX professionals as qualified AI practitioners in the industry. This initiative aligns with TDCX’s broader goal of cultivating a future-ready workforce skilled in leveraging AI tools for enhanced efficiency and extracting actionable insights from business intelligence data.

The index evaluates more than 3,200 BPO companies worldwide based on their global network strength and commitment to excellence. Assessment factors include geographic footprint alongside qualitative metrics such as online prominence and reputation – measured through employee reviews, LinkedIn engagement, and comprehensive third-party analysis from Crunchbase, Glassdoor and Zoom Info.
Hashtag: #TDCX


The issuer is solely responsible for the content of this announcement.

About TDCX

Singapore-headquartered TDCX is a leading global business process outsourcing (BPO) company that provides customer experience (CX) solutions, sales and digital marketing services, and content moderation for clients across various industries. These include digital advertising and social media, e-commerce, fintech, gaming, healthtech, media, technology and, travel and hospitality.

With a focus on helping companies enable the future, TDCX’s smart, scalable approach—driven by innovation and operational precision—positions it as a key partner for companies targeting tangible outcomes. With more than 20,000 employees across 39 locations worldwide, TDCX provides its clients with comprehensive coverage in Asia, Europe and the United States. For more information, please visit .

PEC Ltd. US$160 million buyout and privatization by Liberty Energy Solutions Ltd

SINGAPORE, May 7, 2025 /PRNewswire/ — PEC Ltd (“PEC”, SGX: IX2) shareholders have approved a transaction valued at US$160 million for the 100% acquisition by Alliance Energy Services Pte Ltd (“Alliance”) through a Scheme of Arrangement at Extraordinary General Meeting in Singapore.  Following sanction of the shareholders’ meeting by the High Court of Singapore, all PEC shares will be acquired by Alliance and then PEC will be subsequently delisted from the Singapore Stock Exchange.  Alliance is a holding company majority owned by Liberty Energy Solutions Ltd (“Liberty Energy”) with a minority ownership by PEC’s Chair Ms. Edna Ko and CEO Mr. Robert Dompeling.

Liberty Energy provides energy engineering solutions and proprietary products to oil & gas refineries and petrochemical facilities around the world.  With operations across the US, Canada, Singapore, Thailand, Malaysia, India, and the Middle East, Liberty Energy combines advanced R&D capabilities with extensive field experience.  The company holds over 200 patents and each year performs more than 200 plant turnarounds for major global clients, including ExxonMobil, Reliance, SPRC, Neste, Chevron, Nayara, Petronas, BP, and Shell.  Liberty Energy is the parent of two wholly owned subsidiaries: CR3 Pte Ltd (“CR3”), a Singapore-based leader in energy efficiency, engineering excellence, and sustainable solutions, and ZymeFlow LLC (“ZymeFlow”), a Houston-based leader in environmentally friendly chemical cleaning and decontamination solutions. ShawKwei & Partners (“ShawKwei”) is Liberty Energy’s controlling shareholder with management owning the other shares. Please visit libertyenergy.group

Founded in 1982 and headquartered in Singapore, PEC is a well-respected provider of maintenance and integrated EPC services for the oil & gas, petrochemical, chemical terminals and pharmaceutical industries. PEC reported revenue of SGD 391 million and net profit of SGD 15 million for the last twelve months ending 31 December 2024, and a robust balance sheet with net cash position of SGD 142 million. Please visit www.peceng.com

“We are excited to welcome PEC into Liberty Energy,” said Kyle Shaw, Chair of Liberty Energy and founder and managing partner of ShawKwei. “PEC’s strong management team, technical expertise, and reputation for reliability and service excellence align well with our strategy of building a global platform for best-in-class energy solutions.”

PEC will continue to operate under the leadership of Chair Edna Ko and CEO Robert Dompeling and work closely with Liberty Energy to provide a greater range of engineering services and products to deliver greater value to a larger group of customers.  With more than four decades of operational excellence and strong customer relationships across Asia and the Middle East, PEC enhances Liberty Energy’s global platform with CR3 and ZymeFlow, and expands its ability to deliver reliable, end-to-end energy solutions worldwide.

About ShawKwei & Partners:

ShawKwei & Partners is a private equity fund manager investing in industrial and service companies with revenues between US$50-800 million operating across Asia, Europe, and the USA.  After investing, ShawKwei & Partners helps improve a business by partnering with management to identify and realize sustainable performance improvements in sales growth, margin expansion, and capital efficiency.  Kyle Shaw established ShawKwei & Partners in Hong Kong in 1998 after previously managing Asian private equity funds for the Tudor Investment Group and Security Pacific National Bank. Please visit www.shawkwei.com

About CR3 Pte Ltd:

Founded in 1991 in Singapore, CR3 provides energy engineering solutions across 18 Asian countries, India, and the Middle East from operational bases in Singapore, Thailand, India, Malaysia, and the UAE.  CR3 is well known for handling mission-critical reactor catalysts used in refining, chemical, fertilizer, and heavy industrial plants for customers in asset-intensive industries such as energy production, chemical processing, and power generation.  CR3 also offers equipment and plant maintenance, pipeline and process services, shutdowns and turnarounds, and engineering, procurement, and construction (EPC) solutions.  Backed by a loyal workforce, strong customer relationships, and a wide network of technical partners, CR3 has built a reputation for excellence and is well-positioned to support the energy sector’s transition to a lower-carbon future. Please visit www.CR3.group

About ZymeFlow LLC:

Headquartered in Houston, Texas, ZymeFlow has over 35 years of experience pioneering innovative chemical decontamination solutions that are more effective, more environmentally friendly, and less wasteful than alternative methods.  As an industry leader, ZymeFlow continues to develop proprietary chemistries and application technologies such as ZymeFlow® Pro, Rezyd-HP®, CatZyme®, and ZymeFlow® LNG.  Its diverse, 100% biodegradable product line helps clients meet sustainability goals, reduce downtime, and lower costs across refining, petrochemical, and LNG facilities onshore and offshore in over 55 countries.  Supported by one of the most experienced operations teams in the industry, ZymeFlow’s patented, eco-friendly solutions optimize facility performance, reduce carbon footprints, and drive green initiatives. Please visit www.ZymeFlow.com