INNEOVA Holdings' INNEOVA Engineering Signs Strategic Cooperation Agreement With HyCee To Support Singapore's Decarbonization Efforts

INNEOVA Holdings Limited ("INNEOVA Holdings" or the "Company") (NASDAQ:INEO), a Singapore-based engineering solutions provider that maximizes equipment uptime, minimizes total ownership costs, and extends asset lifecycles through sustainable engineering, through its subsidiary INNEOVA Engineering Pte. Ltd. ("INNEOVA Engineering"), today announced the signing of a Strategic Cooperation Agreement ("SCA") with HyCee Pte. Ltd. ("HyCee"), a joint venture of GuoFu Hydrogen ("Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd."). This agreement builds on the September 2025 Memorandum of Understanding and advances the deployment of a Hydrogen Pathfinder Pilot in Singapore, reinforcing INNEOVA's role in the nation's decarbonization efforts.

This collaboration aligns with Singapore's National Hydrogen Strategy, launched in 2022, which aims for net-zero emissions by 2050 and positions hydrogen to supply up to 50% of the nation's power needs by mid-century. By focusing on practical applications in hard-to-electrify sectors such as heavy industry, shipping, and mobility, the pilot will demonstrate the commercial viability of hydrogen technologies and support the diversification of Singapore's energy mix alongside solar, imported electricity, geothermal, and potential future nuclear sources.