Parts Solutions
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]