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].