INEO News & Events

INNEOVA Holdings issued a letter from INNEOVA CEO Jimmy Neo, which said, in part, "With immense pride in our recent accomplishments and a deep sense of optimism for what lies ahead, I am inspired by how far INNEOVA has come-and even more by where we are headed. The global energy landscape is undergoing a profound transformation, driven by the urgent need for sustainability and the rising energy demands of a digitalized world. In this dynamic environment, INNEOVA is not merely adapting; we are leading the charge-building a stronger, smarter, and more sustainable enterprise, ready to seize the opportunities of tomorrow...Looking to 2030, Southeast Asia's business environment will be profoundly shaped by climate imperatives and technological disruption. The surge in energy demand, fuelled by climate change mitigation efforts and the proliferation of AI-driven data centers, will necessitate innovative alternatives to traditional sources to enhance energy security, facilitate cross-border trade, and integrate renewables. The emergence of the ASEAN Power Grid, advancing cross-border energy interconnectivity and renewable integration, will redefine how the region powers its economies. As Southeast Asia evolves amid climate imperatives and technological disruption, mission-critical industries such as ports, mobility, and infrastructure will increasingly depend on engineering intelligence, digitalization, and renewable integration to stay resilient and efficient. Mission-critical industries, propelled by data centre expansion and national priorities for sufficiency and security, will mitigate risks from climate volatility, energy shortages, and supply chain disruptions. This creates substantial opportunities for electrification and renewable integration in supporting infrastructure and mobility assets, ensuring maximum uptime and cost efficiency. Digital enablers-such as Connectivity, Digitalization, and Data Analytics-will be paramount in enabling predictive engineering services and optimized operations. Our Parts and Engineering Services, augmented by these digital enablers technologies, will enable us to deliver comprehensive Maintenance, Repair, and Overhaul solutions across the full asset lifecycle. Our strategy is centred on deepening partnerships to enable and accelerate new capabilities development, driving operational reliability through advanced Parts and Engineering Services, harnessing digital intelligence for predictive performance, and enabling the transition toward low-carbon and sustainable energy solutions. With hydrogen, electrification, and digital enablers reshaping industry operations, INNEOVA is uniquely positioned to deliver solutions that enhance uptime, reliability, and lifecycle performance-key pillars for optimizing total cost of ownership. Our direction is firmly supportive and aligned with Singapore's Green Plan 2030, National Hydrogen Strategy 2050, and regional initiatives such as the ASEAN Power Grid. These frameworks collectively emphasize the acceleration of renewable energy deployment and integration to power economies with greater resilience and energy security. As part of this vision, INNEOVA aspires to be a catalyst for green energy in the region, driving the low-carbon transition agenda and enabling the adoption of sustainable solutions, including hydrogen and other emerging low-carbon technologies...The momentum we have built this year reaffirms INNEOVA's ability to rethink, relearn, upskill-executing with both discipline and foresight, as we evolve. We have laid a strong foundation that unites innovation, sustainability, and engineering excellence-to propel us towards the next stage of growth."

INNEOVA Holdings announced that its subsidiary, INNEOVA Engineering, has been awarded a multi-year overhaul tender valued in the multi-million dollar range from PSA Singapore. The contract award demonstrates INNEOVA's capabilities as an engineering solutions provider in overhaul mechanics and aftersales support infrastructure, enabling the Company to deliver engineering services to maximize equipment uptime and optimize total cost of ownership for PSA's port operations. "We are pleased to continue supporting PSA's operations through this contract," said Jimmy Neo, Chief Executive Officer of INNEOVA Holdings Ltd. "The award reinforces our engineering competency and service reliability, and strengthens INNEOVA's engineering solutions revenue stream, which represents a core component of the Company's business strategy. Today's announcement highlights the value of long-term partnerships in delivering results for our customers and shareholders."

INNEOVA, through its subsidiary INNEOVA Engineering, announced the signing of a Strategic Cooperation Agreement, SCA, with HyCee, a joint venture of GuoFu Hydrogen. This agreement builds on the September 2025 Memorandum of Understanding and advances the deployment of a Hydrogen Pathfinder Pilot in Singapore. Under the SCA, INNEOVA Engineering and HyCee will leverage their complementary strengths to industrialize hydrogen energy technologies and promote low-carbon economic development in alignment with global "Dual Carbon" goals. The partnership encompasses the following initiatives: 1) Supporting the Hydrogen Ecosystem; 2) Certification and road licensing for hydrogen-powered vehicles in Singapore; 3) In-depth collaboration on fleet management for hydrogen-powered vehicles.

INNEOVA Holdings provided investors with an update on its hydrogen energy initiatives following the September 2025 signing of a Memorandum of Understanding with HyCee. Since establishing the partnership, INNEOVA Engineering has advanced its strategic positioning as a pathfinder for hydrogen adoption in Singapore, aligning with the nation's ambitious decarbonization roadmap. Singapore's National Hydrogen Strategy, launched in 2022, targets net-zero emissions by 2050, with hydrogen projected to supply up to 50% of the nation's power needs by mid-century. This represents a substantial long-term market opportunity as Singapore develops hydrogen as a key decarbonization pathway for hard-to-electrify sectors including heavy industry, shipping, aviation, and heavy-load mobility. INNEOVA Engineering is now actively identifying and developing pathfinder projects designed to demonstrate the commercial viability of advanced hydrogen technologies in Singapore. These initiatives will focus on deploying hydrogen-related applications and distribution solutions across target sectors, positioning the Company to capture early-mover advantages in this emerging market. The partnership with HyCee provides INNEOVA with access to comprehensive hydrogen capabilities spanning the entire value chain, from production and purification to storage, refueling, transportation, and end-use applications. HyCee's technology portfolio includes hydrolysis hydrogen production equipment, liquid hydrogen plant solutions, hydrogen refueling station equipment, and vehicle-mounted hydrogen supply systems.