On October 14, 2025, INNEOVA Engineering Pte. Ltd., a subsidiary of INNEOVA Holdings Limited, signed a Strategic Cooperation Agreement (SCA) with HyCee Pte. Ltd. This agreement builds upon the September 2025 Memorandum of Understanding and advances the deployment of a Hydrogen Pathfinder Pilot in Singapore. The collaboration reinforces INNEOVA's role in Singapore's decarbonization efforts and aligns with the National Hydrogen Strategy.
Under the SCA, INNEOVA Engineering and HyCee will industrialize hydrogen energy technologies and promote low-carbon economic development. Key initiatives include supporting the hydrogen ecosystem, facilitating certification and road licensing for hydrogen-powered vehicles in Singapore, and collaborating on fleet management for these vehicles. HyCee and GuoFu Hydrogen will designate an OEM to manufacture up to 20 hydrogen-powered heavy-duty vehicles.
Following necessary approvals, INNEOVA Engineering will serve as the exclusive distributor for these vehicles in Singapore. HyCee will establish and provide hydrogen refueling services, with technical support from GuoFu Hydrogen. INNEOVA Engineering will also support homologation activities and provide maintenance and operational support for the refueling infrastructure and vehicles, focusing on reliability, safety, and lifecycle efficiency.
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