SEBERANG PERAI, Malaysia, May 17, 2025 /PRNewswire/ — Trensor Electronics Sdn Bhd, the Malaysian subsidiary of Trensor Co Ltd—a leading manufacturer of automotive pressure sensors—held a groundbreaking ceremony to mark the commencement of construction on its new manufacturing plant at the Penang Technology Park @Bertam in Penang, Malaysia.

The new plant—a four-storey facility with an approximate floor area of 10,000 square meters and an estimated investment of RM100 million—is expected to begin mass production of automotive pressure sensors before Q2 2026. At full capacity, it will employ over 200 workers and generate more than RM200 million in annual sales. Trensor has also reserved space on its current land lots to accommodate future expansions.

The ceremony was attended by YAB Chow Kon Yeow, the Chief Minister of Penang, YB H’ng Mooi Lye, the Penang State Executive Councillor (EXCO) for Local Government and Town&Country Planning, as well as representatives from various local organizations, including the Malaysian Investment Development Authority (MIDA), Northern Corridor Implementation Authority (NCIA) and InvestPenang.

In his speech, YAB Chow Kon Yeow welcomed Trensor’s entry into Penang’s vibrant industrial ecosystem and emphasized its role in strengthening the state’s electrical and electronics value chain, particularly in automotive electronics.

Zhou Wenbo, General Manager of Trensor Electronics Sdn Bhd, stated: “The decision by Trensor Co Ltd to establish its first-ever overseas factory in Penang, Malaysia, was driven by the state’s world-class infrastructure, business-friendly governance, high quality of life, cultural affinity, and abundant pool of high-tech talent attracted to the ‘Silicon Valley of the East’.”

“MIDA, InvestPenang, the Seberang Perai City Council, and all local authorities have provided strong support in helping Trensor turn its globalization strategy into a concrete reality today,” Zhou added.

Trensor Co Ltd specializes in the development and manufacture of automotive pressure sensors, ranking highly in annual output, automation, and vertical integration. Its world-class products are included in the procurement systems of major global automakers such as Ford and Geely, as well as Tier 1 suppliers like Cummins and Hanon Systems. Approximately 60% of the company’s revenue is derived from exports, primarily to North America and Europe. Its pressure sensors are also used in the air conditioning systems of Perodua vehicles.

The Penang facility will support Trensor’s strategic expansion into Southeast Asia’s growing automotive markets and beyond.

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SOURCE Trensor Co., Ltd

Freedom Boat Club — subsidiary of Brunswick Corporation — equips corporate club boats with state-of-the-art SOS flashing distress lights

PEND OREILLE, Idaho, May 17, 2025 /PRNewswire-PRWeb/ — Sirius Signal, the world’s leader in marine safety distress signal innovation and manufacturing, announced today it is providing its high-performance single visible white color plus non-visible infrared SOS flashing distress light to Freedom Boat Club’s fleet. The Model C-1004 electronic boat flare and daytime distress flag is U.S. Coast Guard approved to meet all visual distress signal requirements. Together both provide greater safety for boaters — it also replaces dangerous and toxic pyrotechnic marine flares.

“We have recognized that our club members should have safe, effective and easy to deploy distress signals should any emergency arise on the water,” said Nic Thomas, senior director of club operations.

In combination with the distress light, a suction cup mount is provided for club members to display it safely above their line of sight. A video linked by a dynamic QR code gives Freedom Club boaters education and instructions on proper use.

“Our SOS visual distress signal products paired with ‘how to and when to use’ instructions provide invaluable operational safety for Freedom Boat Club members,” said Anthony Covelli, Sirius Signal CEO. “This is foundationally what Freedom Boat Club emphasizes in its Unlimited Boat Training Program.”

Continued adoption of these modern electronic signal devices makes sense because they are superior to pyrotechnic marine flares. In addition, they require purchase just one time and eliminate the need for disposal of toxic waste.

About Sirius Signal

Sirius Signal produces U.S. Coast Guard Transport Canada- and Australian-approved day and nighttime distress devices with a focus on safety, technology, performance and sustainability. To learn more about purchasing Sirius Signal devices or being a part of our team, visit us at www.siriussignal.com or call 888.526.0005.

Media Contact

Danielle Doyle, Sirius Sirius, 1 18885260005, danielle@siriussignal.com, https://siriussignal.com

View original content to download multimedia:https://www.prweb.com/releases/sirius-signal-supplies-worlds-largest-boating-club-with-modern-electronic-visual-distress-signal-devices-302452080.html

SOURCE Sirius Signal

CHAI, a fast-rising AI startup in Palo Alto, is rapidly emerging as the next unicorn with explosive revenue growth of 250%, surpassing industry leaders like Databricks (127%), SpaceX (139%), and Anthropic (220%). With a last valuation of $450 million more than a year ago, CHAI is on track to achieve a $1.4 billion valuation by 2026, driven by projected 30X revenue multiples—a benchmark set by top-tier Silicon Valley disruptors.

PALO ALTO, Calif., May 17, 2025 /PRNewswire/ — CHAI, a fast-rising AI startup in Palo Alto, is rapidly emerging as the next unicorn with explosive revenue growth of 250%, surpassing industry leaders like Databricks (127%), SpaceX (139%), and Anthropic (220%). With a last valuation of $450 million more than a year ago, CHAI is on track to achieve a $1.4 billion valuation by 2026, driven by projected 30X revenue multiples—a benchmark set by top-tier Silicon Valley disruptors.

With a valuation of $450 million 16 months ago, CHAI is experiencing explosive revenue growth of 250%, surpassing high-profile companies including Anthropic (220%), Midjourney (167%), SpaceX (139%), and Databricks (127%). With 2024 revenue of $18 million and projections to reach or even surpass $45 million by the end of 2025, CHAI’s trajectory places it among the elite tier of tech innovators.

Industry analysts tracking CHAI’s meteoric rise predict revenue multiples of 30X to 32X by 2026, potentially driving the company’s valuation to approximately $1.4 billion. This remarkable growth rate exceeds some of today’s most valuable startups, including Anthropic and SpaceX.

While CHAI doesn’t have plan to start it’s next fund raising round, investors and industry observers are taking note of its extraordinary performance metrics, positioning the company as the next breakthrough success in Silicon Valley’s competitive landscape.

Was CHAI the first AI Platform? CHAI was the first consumer AI product to reach 1 million users, leveraging the open-sourced LLM GPT-J, before ChatGPT or Llama.

What is CHAI? CHAI is a social AI platform where users can create their own AI. Since its launch three years ago, CHAI has experienced significant growth, particularly among Gen Z users. Now, to support further growth and wider adoption, CHAI has redesigned its brand.

Can you use CHAI AI in a browser? As of March 2025, no. CHAI is focused on delivering the most engaging social AI experience by hiring talented engineers to refine its app. While there are currently no plans for a web app, this may change in the future.

Is CHAI AI safe? CHAI has implemented a range of safety features that allow users to engage in dynamic chats while encouraging them to stay within established guidelines. By building better AI, CHAI aims to enhance user value and experience.

What makes CHAI special? CHAI is designed to be the most engaging social AI, delivering highly entertaining conversations. Many users rely on it to craft interactive stories and immersive experiences.

Why do people love CHAI? CHAI employs advanced AI techniques to increase the entertainment value of its bots. Users chat with AI to write interactive novels and have engaging conversations, supported by a variety of genres that appeal to avid novel readers.

Sometimes regarded as the best free AI chatbot, CHAI is paving its way to widespread adoption of conversational social AI for entertainment.

Who is the founder? William Beauchamp is a 2x founder, first started building CHAI with his sister in Cambridge UK in 2020. After building the first AI chat platform they relocated to Palo Alto.

Are they hiring? CHAI is a rapidly growing company that is known for paying very high salaries with an intense culture focused on delivering results and iterating quickly. Apply on CHAI’s website.

Press Contact:

Tom Lu
+1 (626) 594-8966
https://www.chai-research.com/

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SOURCE Chai Research Corp