Core Points - Bon Intelligence Inc. is providing an update on its licensing arrangement with INEO Solutions Inc., a subsidiary of INEO Tech Corp [1] - The company has received inquiries from prospective and existing customers regarding technical and certification documentation for the INEO Welcoming System [2] - Bon has requested supporting documents from INEO to address customer questions, but several materials are still outstanding [3] - Due to the lack of received documentation, Bon is temporarily pausing certain licensing-related activities, including product integration and deployment planning [3] - This pause does not impact existing client installations, and Bon remains committed to collaborating with INEO for smooth upcoming deployments [4] - The company expects to resume full licensing activities once the requested documentation is received and reviewed [4]

Charting INEO’s Next Chapter: Powering a Sustainable and Intelligent Future SINGAPORE, Nov. 18, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (“INNEOVA Holdings” or the “Company”) (Nasdaq: INEO), a Singapore-based engineering solutions provider that maximizes equipment uptime, optimizes total cost of ownership, and extends asset longevity through sustainable engineering, today issued the following letter from INNEOVA Chief Executive Officer, Jimmy Neo. To our valued shareholders,With immense pride in ou ...

Core Points - INEO Tech Corp. has successfully closed a private placement financing of $239,600, maintaining the previously disclosed terms [1] - The net proceeds from the financing will be allocated for working capital and general corporate purposes, including support for ongoing customer deployments and product development [2] Regulatory Matters - All securities issued are subject to a hold period of four months and one day in accordance with applicable securities laws and TSX Venture Exchange policies [3] - No finders fees were paid in connection with the financing, and final acceptance by the TSX Venture Exchange is subject to customary post-closing filings [3] Company Overview - INEO Tech Corp. operates at the intersection of in-store retail media and loss prevention, with a focus on technology solutions [5] - The company runs the INEO Media Network, a digital signage and retail analytics platform, and INEO Retail Media, which manages advertising across in-store screens [5] - INEO's patented technology integrates Electronic Article Surveillance (EAS) pedestals with digital displays to help retailers reduce theft while generating additional media revenue [5]

Core Insights - INEO Tech Corp. announced its fiscal fourth quarter and annual financial results for the year ending June 30, 2025, highlighting its position as a technology leader in retail media and loss prevention [1][2]. Company Overview - INEO Tech Corp. operates at the intersection of in-store retail media and loss prevention through its subsidiary INEO Solutions Inc. [3] - The company manages the INEO Media Network, a digital signage and retail analytics platform, and INEO Retail Media, which focuses on advertising across in-store screens [3]. - INEO's patented technology integrates Electronic Article Surveillance (EAS) pedestals with digital displays, enabling retailers to reduce theft while generating additional media revenue [3]. - The company is headquartered in Surrey, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange (INEO) and the OTCQB (INEOF) [3].

Core Insights - INNEOVA Holdings Limited has been awarded a multi-year overhaul tender valued in the multi-million dollar range from PSA Singapore, marking the third consecutive tender awarded to the company since 2018, indicating strong confidence in its service quality and operational reliability [1][2]. Company Overview - INNEOVA Holdings is a Singapore-based engineering solutions provider focused on maximizing equipment uptime, optimizing total cost of ownership, and extending asset longevity through sustainable engineering practices [1][8]. - The company has a long-standing relationship with PSA Singapore, spanning over 20 years, during which it has provided various engineering services including overhaul and maintenance programs [3][4]. Contract Significance - The recent contract award reinforces INNEOVA's engineering competency and service reliability, contributing to the company's revenue stream from engineering solutions, which is a core component of its business strategy [5]. - The contract highlights the importance of long-term partnerships in delivering value to customers and shareholders [5]. Service Capabilities - INNEOVA Engineering offers system lifecycle analysis and turnkey solutions across various sectors, including transport, healthcare, and utilities, aimed at maximizing asset uptime and longevity [6]. - The company is committed to optimizing total cost of ownership and ensuring resilient operations from concept to maintenance [6]. PSA Singapore Overview - PSA Singapore is a leading global port operator, handling a record 100.2 million TEUs globally in 2024, with its Singapore operations accounting for 40.9 million TEUs [7]. - The company operates 55 berths across six container terminals and has an annual design capacity of approximately 43.9 million TEUs [7].

Core Insights - INNEOVA Holdings Limited has signed a Strategic Cooperation Agreement with HyCee Pte. Ltd. to advance hydrogen energy technologies in Singapore, reinforcing its role in the nation's decarbonization efforts [1][2] Group 1: Strategic Cooperation Agreement - The agreement builds on a previous Memorandum of Understanding and aims to deploy a Hydrogen Pathfinder Pilot in Singapore [1][2] - INNEOVA Engineering and HyCee will collaborate to industrialize hydrogen energy technologies and promote low-carbon economic development [3] - The partnership includes the design and manufacture of up to 20 hydrogen-powered heavy-duty vehicles, with INNEOVA Engineering as the exclusive distributor in Singapore [3][4] Group 2: Hydrogen Ecosystem and National Strategy - This collaboration aligns with Singapore's National Hydrogen Strategy, which targets net-zero emissions by 2050 and aims for hydrogen to supply up to 50% of the nation's power needs by mid-century [2] - The pilot project will focus on hard-to-electrify sectors such as heavy industry, shipping, and mobility, demonstrating the commercial viability of hydrogen technologies [2] Group 3: Operational Support and Infrastructure - INNEOVA Engineering will support homologation activities to ensure vehicle compliance and road readiness, as well as provide maintenance and operational support for hydrogen refueling infrastructure [4] - A dedicated coordination team will facilitate information exchange and implementation oversight to ensure project success [5] Group 4: Commitment to Sustainable Solutions - The agreement positions INNEOVA Engineering as a key enabler of hydrogen adoption, leveraging nearly commercially ready hydrogen power generation technologies [6] - Both companies express a commitment to developing practical and cost-effective solutions that support sustainable mobility and clean energy growth in Singapore [7]

Core Insights - INNEOVA Holdings Limited is advancing its hydrogen energy initiatives in alignment with Singapore's National Hydrogen Strategy, which aims for net-zero emissions by 2050 and anticipates hydrogen to supply up to 50% of the nation's power needs by mid-century [1][4] Strategic Progress and Market Positioning - INNEOVA Engineering is actively developing pathfinder projects to demonstrate the commercial viability of advanced hydrogen technologies in Singapore, focusing on hydrogen-related applications and distribution solutions [2] - The partnership with HyCee provides INNEOVA with comprehensive hydrogen capabilities across the entire value chain, including production, purification, storage, refueling, transportation, and end-use applications [3] Diversifying Singapore's Energy Mix - Hydrogen is a critical component of Singapore's diversified energy strategy, complementing solar power, imported electricity, geothermal energy, and potential future nuclear energy sources [4] - INNEOVA's hydrogen initiatives align with national priorities and enable the company to deliver sustainable engineering solutions that optimize total cost of ownership for clients adopting alternative energy systems [4] Commitment to Clients - The company is dedicated to supporting clients in the early adoption of hydrogen and other alternative energies, leveraging its collaboration with HyCee to provide engineering expertise and lifecycle management capabilities for reliable and cost-effective hydrogen deployment [5]

Core Insights - INNEOVA Holdings Limited reported strong revenue growth of 10.3% in the first half of 2025, reaching $30.8 million, primarily driven by the acquisition of INNEOVA Engineering Division and growth in other revenue streams [6][3] - The company has rebranded from SAG Holdings Limited to INNEOVA Holdings Limited, emphasizing its focus on engineering innovation and sustainable solutions [6][3] - The acquisition of INNEOVA Engineering Pte. Ltd. on April 30, 2025, has enhanced the company's engineering capabilities and contributed approximately $2.7 million in revenue during the period [6][3] Financial Performance - Revenue for the first half of 2025 was $30.8 million, a 10.3% increase from $27.9 million in the prior year [6] - Gross profit increased by 2.2% to $5.9 million, with a gross profit margin of 19.3%, down from 20.8% in the previous year [6] - Operating income decreased to $1.1 million from $1.8 million in the prior year, attributed to higher administrative and selling expenses [6] - Net income fell to $0.2 million compared to $1.7 million in the first half of 2024, primarily due to increased operating expenses and foreign exchange losses [6] Operational Highlights - The company has made significant strides in its strategic initiatives, including the successful integration of the INNEOVA Engineering Division [3] - Revenue from Singapore increased by approximately 29.9% to $13.5 million, driven by the acquisition and higher demand in the INNEOVA Automotive Division [6] - The INNEOVA Industrial Division maintained stable performance, while contributions from other countries supported overall revenue growth [6] Company Overview - INNEOVA Holdings is a Singapore-based solutions provider focused on maximizing uptime, optimizing total cost of ownership, and extending asset longevity through sustainable engineering [4] - The company operates in two main segments: Parts Services and Engineering Services, providing comprehensive parts management and system lifecycle analysis [5]

Core Viewpoint - INNEOVA Holdings Limited has entered into a non-binding Memorandum of Understanding with HyCee Pte. Ltd. to advance hydrogen adoption in Singapore, aligning with the country's Green Plan 2030 and capitalizing on the growing global demand for clean energy solutions [2][3]. Company Overview - INNEOVA Holdings is a Singapore-based solutions provider focused on maximizing uptime, optimizing total cost of ownership, and extending asset longevity through sustainable engineering [2][7]. - INNEOVA Engineering, a wholly-owned subsidiary, specializes in system lifecycle analysis and turnkey solutions across various sectors including transport, healthcare, and utilities [5][8]. Partnership Objectives - The collaboration aims to develop and deploy hydrogen-related technologies and infrastructure in high-growth sectors such as transport, logistics, and industrial applications [3][4]. - Key objectives include market expansion, infrastructure development, technology promotion, operational excellence, and conducting pilot projects to demonstrate hydrogen solutions' viability in Singapore [6]. Strategic Importance - The partnership is positioned to strengthen both companies' capabilities in delivering innovative, sustainable solutions that align with global decarbonization trends [4][5]. - By integrating INNEOVA's engineering expertise with HyCee's hydrogen technologies, the collaboration aims to capture opportunities in Singapore's clean energy market [4].

Group 1 - INEO Tech Corp. announces the resignation of Kerem Akbas and David Eaton from its Board of Directors, effective immediately [1] - Both directors were representatives of Coenda Investments Holdings Corp., which invested in INEO in three tranches between August 2024 and January 2025 [1] - INEO will begin a search for new board members to complement its management team and governance structure [2] Group 2 - The company remains committed to innovation, operational excellence, and value creation for stakeholders [2] - The Board of Directors and management team will continue to execute the company's strategy, focusing on technology licensing deals and market expansion [2] - INEO operates the INEO Media Network and INEO Retail Media, providing digital advertising and analytics solutions for retailers [3]