Hydrogen Technologies
Search documents
INNEOVA Holdings' CEO Issues Letter to Shareholders
Globenewswire· 2025-11-18 12:00
Core Insights - INNEOVA Holdings is positioned as a leader in the transformation of the global energy landscape, focusing on sustainability and digitalization to meet rising energy demands [2][20] Group 1: Operational Enhancements - The automation of the new Fulfilment Centre in Singapore has significantly improved throughput efficiency and service reliability, crucial for mission-critical industries [4] - The rebranding from SAG Holdings Limited to INNEOVA Holdings Limited reflects a commitment to innovation and sustainability [5] - The acquisition of INNEOVA Engineering Pte. Ltd. enhances the company's integrated solutions across the lifecycle of critical systems, improving uptime and cost optimization [5] Group 2: Financial Performance - FY2025 showed resilient financial growth, driven by high-value Engineering Services and Parts Solutions, allowing for reinvestment in technology and talent [6] Group 3: Sustainability Initiatives - INNEOVA is advancing its hydrogen technology initiatives in alignment with Singapore's National Hydrogen Strategy, aiming for net-zero emissions by 2050 [7] - The Hydrogen Pathfinder Pilot will introduce up to 20 hydrogen-powered heavy-duty vehicles, enhancing low-carbon mobility [7][8] Group 4: Strategic Contracts - INNEOVA Engineering secured a multi-year overhaul tender from PSA Singapore, enhancing operational efficiency and equipment uptime in a major port [8][9] Group 5: Partnerships and Collaborations - INNEOVA has formed partnerships with industry experts and associations to accelerate capabilities in renewable energies and advanced manufacturing [10][11] - Membership in the Hydrogen Full Cell Association of Singapore supports the company's efforts in hydrogen technology and decarbonization [12] Group 6: Future Outlook - The company aims to leverage digital enablers and predictive engineering services to enhance operational reliability and support the transition to low-carbon energy solutions [16][18] - INNEOVA aspires to be a catalyst for green energy in the region, aligning with Singapore's Green Plan 2030 and the ASEAN Power Grid initiative [19][20]
Dr. You-Zhi Tang Appointed to the CWTI Board of Directors
Globenewswire· 2025-07-29 18:35
Company Announcement - Current Water Technologies Inc. has appointed Dr. You-Zhi Tang as a director, effective immediately, and he will serve on the Audit and Compensation Committees of the Board [1][3] - Dr. Tang is an internationally recognized expert in cleantech with extensive experience in renewable energy projects and has multiple patents in hydrogen technologies and wastewater treatment [2] Leadership Changes - Dr. Gene Shelp, President and CEO, expressed enthusiasm for collaborating with Dr. Tang on a strategic hydrogen management plan related to the commercialization of the AmmEL-H2 wastewater treatment system [3] - Mr. Alex Kaszuba has stepped down as Director to accommodate Dr. Tang's appointment, having served on the Board since January 1, 2020 [3] Company Overview - Current Water Technologies focuses on applying patented "Electrochemical Technologies" for wastewater treatment, desalination, and drinking water purification, particularly in sectors like mining, metal processing, and agriculture [4]