US Market News
2月前
TechCreate Group Ltd. and pQCee Intend to Collaborate on One of the First Quantum-Safe QR Hybrid POS TerminalApril 20, 2026 6:00 AM
Business Wire
TechCreate Group Ltd. (NYSE American: TCGL) (“TechCreate” or the “Company”), a technology consultancy and advanced software solutions provider specializing in payment solutions, cybersecurity, and digital services, announced its intention to collaborate with pQCee Pte Ltd, a quantum cybersecurity solutions provider, to explore the incorporation of NIST (National Institute of Standards and Technology) approved Post-quantum cryptography (PQC) algorithms in the Company’s QR Hybrid POS terminals.
These terminals are expected to explore transitioning away from current encryption standards—like RSA and ECC—which are vulnerable to quantum computing, with a view to enhancing the security of cardholder data and transaction keys. Such an approach is intended to help mitigate the "Harvest Now, Decrypt Later" (HNDL) threat, where attackers are currently capturing and storing encrypted sensitive data (payment details, user IDs) from QR/card transactions with the intention of decrypting it years later.
In addition, as regulatory bodies across the world begin to standardize PQC, these quantum-safe Hybrid QR POS terminals are intended to support alignment with evolving security standards.
TechCreate CEO Heng Hai Lim commented: “Quantum-safe security has become increasingly important for the future of digital payments infrastructure. In our business where secure communication between customers and financial institutions is vital, the need to consistently enhance quantum-resistant encryption standard is a critical priority for us. By collaborating with pQCee, we aim to explore and demonstrate how post-quantum encryption can be integrated into real-time payment systems without compromising performance, scalability, or interoperability.”
In this collaboration, pQCee is expected to provide its quantum-safe cryptography tool, SafeQuard, that defends the communications between customers and financial institutions against harvest-now-decrypt-later attacks. TechCreate and pQCee aim to be one of the first in the region to roll out a quantum-safe POS soundbox terminal.
pQCee CEO Tan Teik Guan added: “By embedding quantum-safe protections into the fabric of payments, both TechCreate and pQCee help the entire ecosystem stay resilient. Our work ensures that banks, merchants, and consumers alike can transact with confidence, knowing the industry is shielded against both today’s cyber risks and tomorrow’s quantum threats.”
About TechCreate Group Ltd.
TechCreate Group Ltd. is a Singapore-based payment software solutions provider. Founded in 2015, the Company delivers digital payment and infrastructure solutions to financial institutions, telecommunications, deposit insurance, and enterprises. TechCreate’s offerings include real-time payment systems, digital banking platforms, API management, cybersecurity, and cloud computing. Its proprietary Artificial Intelligence Real-Time Engine (AI-RTE) is designed to enable fast, secure, and efficient payment processing. For more information, visit https://www.techcreategroup.com/.
About pQCee Pte Ltd:
pQCee is a leader in post-quantum cryptography solutions, dedicated to developing advanced security tools to protect organizations against future cyber threats. With a team of world-class researchers and engineers, pQCee delivers scalable, crypto-agile defence-in-depth solutions designed to safeguard critical data and business applications. For more information, visit https://www.pqcee.com/.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the Company’s future operations, financial performance and growth strategies. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements contained in this press release speak only as of the date hereof, and TechCreate Group Ltd. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260420365518/en/
Investor Relations
Gateway Group, Inc.
949-574-3860
TCGL@gateway-grp.com
Original: TechCreate Group Ltd. and pQCee Intend to Collaborate on One of the First Quantum-Safe QR Hybrid POS Terminal
makinezmoney
5月前
$TCGL: Holyyyyyyyyyy Crap........... now $135 halted
Was just $10 at the open ............ WTF is going on here
TechCreate Group Ltd. is a holding company, which engages in the provision of technology consultancy and software solutions. The firm also offers payment, cybersecurity, and digital services. Its business areas consist of professional services, software and maintenance licenses, and hardware solutions. The company was founded by Lim Heng Hai, Lau Kok Fong and Ronald Vong in 2015 and is headquartered in Singapore.
GO $TCGL
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echCreate Group Ltd. Reports First Half Fiscal Year 2025 Financial and Operational Results
December 26, 2025 6:00am EST
Related Documents
SINGAPORE--(BUSINESS WIRE)-- TechCreate Group Ltd. (NYSE American: TCGL) (“TechCreate” or the “Company”), a technology consultancy and advanced software solutions provider specializing in payment solutions, cybersecurity, and digital services, announced its financial and operational results for the six months ended June 30, 2025.
Recent Operational Highlights
Secured a new Real-Time Engine Project in Singapore and Real-Time Engine enhancement by an existing Brunei customer
Secured and fulfilled the QR Soundbox Terminal Business Line work for a Cambodia bank
Completed successful initial public offering (“IPO”) and sale of option shares in October 2025, raising gross proceeds of $11.73 million, prior to deducting underwriting discounts and other offering expenses. TechCreate’s Class A Ordinary Shares began trading on the NYSE American on October 2025 under the ticker symbol “TCGL”
First Half 2025 Financial Results
Total Revenues increased 10.4% to S$1.9 million (US $1.5 million) for the six months ended June 30, 2025 compared to S$1.8 million in the same period last year. The increase was primarily due to an increase in Provision of Professional Services stemming from a new Real-Time Engine Project in Singapore and Real-Time Engine enhancement by existing Brunei Customer, an increase in Sale of Hardware Solutions as the Company’s Cambodian team successfully started the QR Soundbox Terminal Business Line, and an increase in Provision of Hosting and Supporting Service, offset by a decrease in Sale of Software Licenses and Maintenance Licenses.
Cost of Revenue decreased 22.7% to S$0.6 million (US $0.4 million) for the six months ended June 30, 2025 compared to S$0.7 million in the same period last year. The decrease was primarily due to a decrease in sales of license maintenance for third party software.
Gross Profit Margins increased to 70.5% for the six months ended June 30, 2025 compared to 57.8% in the same period last year. The increase was primarily due to an increase in revenue from provision of professional fees, and a decrease in sales of software licenses and maintenance licenses which lowers external vendor costs.
Total Operating Expenses increased 2.2% to S$1.3 million (US $1.0 million) for the six months ended June 30, 2025 compared to S$1.3 million in the same period last year. The slight increase was primarily due to an increase in general and administrative expenses and selling and distribution expenses offset by a decrease in research and development expenses.
Net Loss was approximately S$20,000 (US $16,000) for the six months ended June 30, 2025 compared to a loss of S$0.4 million in the same period last year, primarily due to the increase in gross profit and gross profit margin.
As of June 30, 2025, cash and cash equivalents were approximately S$1.3 million (US $1.0 million).
Management Commentary
“I am pleased to announce our first half fiscal 2025 results, highlighted by our growth seen in the provision of professional services revenue,” said TechCreate CEO Heng Hai Lim. “During this period, we were awarded a handful of notable deals with valued customers, including a new Real-Time Engine project in Singapore, a Real-Time Engine enhancement by an existing Brunei customer, and a new contract to provide QR Terminal to a Cambodia bank. We also continued to lower our focus on the sale of software and maintenance licenses, which are lower margin in nature. The progress made towards our bottom-line results was encouraging to see, and we look forward to continuing to pursue professional services work with new and existing customers as we grow our global presence.”
About TechCreate Group Ltd.
TechCreate Group Ltd. is a Singapore-based payment software solutions provider. Founded in 2015, the Company delivers digital payment and infrastructure solutions to financial institutions, telecommunications, deposit insurance, and enterprises. TechCreate’s offerings include real-time payment systems, digital banking platforms, API management, cybersecurity, and cloud computing. Its proprietary Artificial Intelligence Real-Time Engine (AI-RTE) is designed to enable fast, secure, and efficient payment processing. For more information, visit https://www.techcreate.com.sg/.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and TechCreate Group Ltd. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
TECHCREATE GROUP LTD
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
As at December 31,
As at June 30,
2024
2025
(Unaudited)
2025
(Unaudited)
S$
S$
US$
ASSETS
Current Assets
Deferred Cost
576,562
312,458
244,911
Contract Assets
145,383
65,680
51,481
Accounts and Other Receivable
276,734
110,930
85,950
Amount Due from Shareholders
4,900
4,900
3,841
Amount Due from Related Party
11,772
-
-
Cash and Cash Equivalents
1,205,951
1,305,991
1,023,664
Deferred Offering Costs
457,718
711,848
557,962
Total Current Assets
2,679,020
2,511,807
1,968,809
Non-Current Assets
Property, Plant and Equipment, net
7,929
6,438
5,046
Right-of-Use Assets – Operating Leases
83,288
62,699
49,145
Deferred Cost
57,400
96,014
75,258
Total Non-Current Assets
148,617
165,151
129,449
TOTAL ASSETS
2,827,637
2,676,958
2,098,258
Commitments and Contingencies
-
-
-
LIABILITIES
Current Liabilities
Contract Liabilities
981,651
660,699
517,870
Account and Other Payables
100,653
363,183
284,672
Amount Due to Directors
14,907
3,646
2,858
Operating Lease Liability
39,815
37,890
29,699
Income Tax Payables
277
260
204
Working Capital Loans
151,714
156,155
122,398
Total Current Liabilities
1,289,017
1,221,833
957,701
Non-Current Liabilities:
Operating Lease Liability
47,233
28,742
22,529
Contract Liabilities
8,247
49,293
38,636
Working Capital Loans
608,416
503,249
394,458
Total Non-Current Liabilities
663,896
581,284
455,623
TOTAL LIABILITIES
1,952,913
1,803,117
1,413,324
SHAREHOLDERS’ EQUITY
Class A Ordinary Shares, US$0.0002 par value, 225,000,000 shares authorized, 14,927,250 shares issued and outstanding as of December 31, 2024 and June 30, 2025 respectively.*
-
-
-
Class B Ordinary Shares, US$0.0002 par value, 25,000,000 shares authorized, 2,572,750 shares issued and outstanding as of December 31, 2024 and June 30, 2025 respectively.*
-
-
-
Additional Paid-in Capital
1,351,540
1,351,540
1,059,367
Accumulated Other Comprehensive Loss
(7,875
)
11,389
8,924
Retained Earnings/ (Accumulated Losses)
(468,941
)
(489,088
)
(383,357
)
Total Shareholders’ Equity
874,724
873,841
684,934
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
2,827,637
2,676,958
2,098,258
TECHCREATE GROUP LTD
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE INCOME (LOSS)
(Unaudited)
For the six months ended June 30,
2024
2025
2025
S$
S$
US$
Revenue
1,754,439
1,936,539
1,507,856
Cost of revenue
(740,039
)
(571,893
)
(445,296
)
Gross profit
1,014,400
1,364,646
1,062,560
Selling and distribution expenses
(106,054
)
(109,739
)
(85,447
)
Research and development expenses
(84,350
)
-
-
General and administrative expenses
(1,090,100
)
(1,199,192
)
(933,836
)
Total operating expenses
(1,280,504
)
(1,308,931
)
(1,019,283
)
Profit / (loss) from operations
(266,104
)
55,715
43,277
Other income (expenses)
Other income
12,787
7,247
5,643
Interest expense
(16,315
)
(28,409
)
(22,120
)
Total other income (expenses)
(3,528
)
(21,162
)
(16,477
)
Income/ (Loss) before income tax
(269,632
)
34,533
26,800
Income tax expense
(84,286
)
(54,699
)
(42,591
)
Net loss
(353,918
)
(20,146
)
(15,791
)
Other comprehensive loss, net of tax
Currency translation differences arising from consolidation
(2,539
)
11,389
8,924
Net comprehensive loss
(356,457
)
(8,757
)
(6,867
)
Net loss per share attributable to ordinary shareholders
Basic and diluted
(0.0200
)
(0.0005
)
(0.0004
)
Weighted average number of ordinary shares used in computing net loss per share
Basic and diluted*
17,500,000
17,500,000
17,500,000
TECHCREATE GROUP LTD
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
For the six months ended June 30,
2024
2025
2025
S$
S$
US$
Cash flows from operating activities
Net loss
(353,919
)
(20,146
)
(15,791
)
Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation
4,577
3,993
3,130
Operating lease expenses
9,617
20,976
16,441
Working capital loan interest
16,315
28,409
22,268
Changes in operating assets and liabilities
Deferred cost
161,345
225,490
176,744
Contract assets
44,050
79,703
62,473
Trade and other receivables
(240,353
)
165,804
129,960
Amount due from directors
-
-
-
Amount due from related parties
56,887
11,772
9,227
Contract liabilities
(598,163
)
(279,907
)
(219,397
)
Trade and other payables
(59,865
)
262,530
205,777
Lease liabilities
(68,032
)
(20,803
)
(16,306
)
Income tax payable
(75
)
(17
)
(13
)
Net cash generated from/ (used in) operating activities
(1,027,616
)
477,804
(374,512
)
Cash flow from investing activities:
Acquisition of property, plant and equipment
(2,473
)
(2,502
)
(1,961
)
Net cash used in investing activities
(2,473
)
(2,502
)
(1,961
)
Cash flows from financing activities:
Dividend paid to equity holders
-
-
-
Amount due to shareholders
8,666
(11,261
)
(8,827
)
Repayment of working capital loans
(30,482
)
(129,135
)
(101,219
)
Proceeds from working capital loans
850,000
-
-
Proceeds from issuance of shares
-
-
-
Deferred offering costs
-
(254,130
)
(199,193
)
Net cash (used in)/ generated from financing activities
828,185
(394,526
)
(309,239
)
Effects of changes in foreign exchange of cash
(382
)
19,264
15,100
Net (decrease)/ increase in cash and cash equivalents
(201,904
)
80,776
63,313
Cash and cash equivalents at beginning of financial year
997,845
1,205,951
945,251
Cash and cash equivalents at June 30, 2024
795,559
1,301,991
1,023,664
Supplemental cash flow information
Income taxes paid
(25,360
)
-
(18,826
)
Withholding taxes paid
(59,001
)
(54,441
)
-
Cash paid for interest
(16,315
)
(28,409
)
(22,268
)
Capital contribution subscription receivable from shareholder
4,900
4,900
3,841
View source version on businesswire.com: https://www.businesswire.com/news/home/20251226275658/en/
Investor Relations
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
TCGL@gateway-grp.com
Source: TechCreate Group Ltd.
Released December 26, 2025
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