SINGAPORE, Oct. 10, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (“INNEOVA Holdings” or the “Company”) (Nasdaq: INEO), through INNEOVA Engineering, a Singapore-based engineering solutions provider that maximizes equipment uptime, minimizes total ownership costs, and extends asset lifecycles through sustainable practices, today provided investors with an update on its hydrogen energy initiatives following the September 2025 signing of a Memorandum of Understanding with HyCee Pte. Ltd., a joint venture o ...

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].