INNEOVA's Unit Signs Memorandum Of Understanding With HyCee To Jointly Develop, Deploy Hydrogen-Related Technologies And Infrastructure In Singapore

Driving Hydrogen Innovation to Power Singapore's Green Plan 2030

SINGAPORE, Sept. 25, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited ("INNEOVA Holdings" or the "Company"), (NASDAQ: INEO), a Singapore-based solutions provider focused on maximising uptime, optimising total cost of ownership, and extending asset longevity through sustainable engineering, today announced that its wholly-owned subsidiary, INNEOVA Engineering Pte. Ltd., has entered into a non-binding Memorandum of Understanding (MoU) with HyCee Pte. Ltd. ("HyCee"), a joint venture of GuoFu Hydrogen, to collaborate on advancing hydrogen adoption in Singapore. This strategic partnership positions INNEOVA Holdings to capitalize on the growing global demand for clean energy solutions, aligning with Singapore's Green Plan 2030.

The MoU establishes a framework for INNEOVA Engineering and HyCee to jointly develop and deploy hydrogen-related technologies and infrastructure in Singapore, targeting high-growth sectors such as transport, logistics, industrial applications, and commercial enterprises. By combining INNEOVA's expertise in engineering, project execution, and lifecycle management with HyCee's advanced capabilities in hydrogen production, storage, and distribution, the collaboration aims to deliver scalable, reliable, and sustainable solutions that support Singapore's low-carbon transition.