INNEOVA Advances Hydrogen Pathfinder Pilot Through Strategic Partnership with HyCee

INNEOVA Holdings has signed a Strategic Cooperation Agreement with HyCee to advance a Hydrogen Pathfinder Pilot in Singapore. The partnership aligns with Singapore's National Hydrogen Strategy and aims to demonstrate the commercial viability of hydrogen technologies. The collaboration will support the industrialization of hydrogen energy technologies and promote low-carbon economic development. INNEOVA Engineering will serve as the exclusive distributor for hydrogen-powered heavy-duty vehicles and provide maintenance and operational support for the refueling infrastructure and vehicles.

INNEOVA Holdings Limited (INEO), a Singapore-based engineering solutions provider, has signed a Strategic Cooperation Agreement (SCA) with HyCee Pte. Ltd. to advance a Hydrogen Pathfinder Pilot in Singapore. This collaboration aligns with Singapore's National Hydrogen Strategy, 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, according to INNEOVA's press release https://www.globenewswire.com/news-release/2025/10/10/3164862/0/en/INNEOVA-Advances-Hydrogen-Strategy.html.

The SCA builds on a previous Memorandum of Understanding signed in September 2025. It focuses on practical applications in hard-to-electrify sectors such as heavy industry, shipping, and mobility, demonstrating the commercial viability of hydrogen technologies. The partnership encompasses initiatives to support the hydrogen ecosystem, certify and road license hydrogen-powered vehicles, and collaborate on fleet management for these vehicles, as outlined in a StockTitan article https://www.stocktitan.net/news/INEO/inneova-advances-hydrogen-pathfinder-pilot-through-strategic-rxkju9bi22rj.html.

Key elements of the SCA include:

1. Supporting the Hydrogen Ecosystem: INNEOVA Engineering and HyCee will leverage their complementary strengths to industrialize hydrogen energy technologies and promote low-carbon economic development.
2. Certification and Road Licensing: A leading original equipment manufacturer (OEM) will design, develop, and manufacture up to 20 hydrogen-powered heavy-duty vehicles. INNEOVA Engineering will serve as the exclusive distributor for these vehicles in Singapore.
3. Fleet Management: HyCee will establish and provide hydrogen refueling services for the fleet, supported by GuoFu Hydrogen's technical expertise and training for INNEOVA Engineering's service team.

INNEOVA Engineering will provide maintenance and operational support for the refueling infrastructure and vehicles, focusing on reliability, safety, and lifecycle efficiency. A dedicated working coordination team will facilitate the project's success.

The collaboration positions INNEOVA Engineering as a key enabler of hydrogen adoption in Singapore, delivering engineering expertise and lifecycle management capabilities to support mission-critical sectors. The company will provide ongoing updates to investors as the pilot progresses and additional commercial opportunities emerge within Singapore's expanding hydrogen ecosystem.