INNEOVA Holdings Advances Hydrogen Strategy In Singapore Via HyCee Partnership, In Line With National Net-Zero Roadmap And Targeting Hard-To-Electrify Sectors

INNEOVA Holdings Limited ("INNEOVA Holdings" or the "Company") (NASDAQ:INEO), through INNEOVA Engineering, a Singapore-based engineering solutions provider that maximizes equipment uptime, minimizes total ownership costs, and extends asset lifecycles through sustainable practices, today provided investors with an update on its hydrogen energy initiatives following the September 2025 signing of a Memorandum of Understanding with HyCee Pte. Ltd., a joint venture of GuoFu Hydrogen ("Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd")

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.