INNEOVA Holdings advances hydrogen energy initiatives with HyCee Pte. Ltd.

Singapore-based INNEOVA Holdings, through its engineering solutions provider INNEOVA Engineering, has advanced its strategic positioning as a pathfinder for hydrogen adoption in Singapore. The company signed a Memorandum of Understanding with HyCee Pte. Ltd. in September 2025, aiming to minimize total ownership costs and extend asset lifecycles through sustainable practices. Singapore's National Hydrogen Strategy targets net-zero emissions by 2050, with hydrogen projected to supply up to 50% of the nation's power needs by mid-century.

Singapore-based INNEOVA Holdings, through its engineering solutions provider INNEOVA Engineering, has made significant strides in positioning itself as a key player in the adoption of hydrogen energy in Singapore. The company recently signed a Memorandum of Understanding (MOU) with HyCee Pte. Ltd., a joint venture of GuoFu Hydrogen, in September 2025. This partnership aims to minimize total ownership costs and extend asset lifecycles through sustainable practices INNEOVA Advances Hydrogen Strategy^[1].

The MOU aligns with Singapore's ambitious National Hydrogen Strategy, which targets net-zero emissions by 2050. By mid-century, hydrogen is projected to supply up to 50% of the nation's power needs INNEOVA Advances Hydrogen Strategy^[1]. 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 INNEOVA Advances Hydrogen Strategy^[1].

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 INNEOVA Advances Hydrogen Strategy^[1]. HyCee's technology portfolio includes hydrolysis hydrogen production equipment, liquid hydrogen plant solutions, hydrogen refueling station equipment, and vehicle-mounted hydrogen supply systems.

For Singapore, hydrogen represents a critical complement to the nation's diversified energy strategy, working alongside solar power, imported electricity, geothermal energy, and potential future nuclear energy sources. INNEOVA's hydrogen initiatives support this national priority while enabling the Company to deliver sustainable engineering solutions that maximize asset uptime and optimize total cost of ownership for clients adopting alternative energy systems INNEOVA Advances Hydrogen Strategy^[1].

"We are committed to supporting our clients' early adoption of hydrogen and other alternative energies," said Roger Chua, Director of INNEOVA Engineering. "Our collaboration with HyCee positions us to deliver the engineering expertise and lifecycle management capabilities needed to ensure reliable, cost-effective hydrogen deployment in Singapore's mission-critical sectors" INNEOVA Advances Hydrogen Strategy^[1].

INNEOVA Holdings, formerly SAG Holdings Limited, is a leading Singapore-based partner delivering solution-driven services for industries where uptime and reliability are mission-critical. By integrating deep engineering expertise, digital capabilities, and sustainable practices, INNEOVA provides solutions that maximize uptime, optimize total cost of ownership, and extend asset Lifecycle across its Parts Services and Engineering Services segments INNEOVA Advances Hydrogen Strategy^[1].

The Company will continue to update investors as pathfinder projects advance and commercial opportunities materialize within Singapore's growing hydrogen ecosystem.