NovaPeak Secures S\$1 Million AI-Powered Building Inspection Contract with Singapore HDB

Key Developments and Potential Impact for ISDN Holdings Shareholders

ISDN Holdings Limited (“ISDN Holdings” or “the Group”) has announced a significant contract win through its subsidiary NovaPeak Pte. Ltd. (“NovaPeak”). NovaPeak has secured a S\$1 million contract to deploy its cutting-edge automated artificial intelligence (AI) and drone inspection solutions for Singapore’s Housing & Development Board (HDB) buildings.

Contract Details

• Scope: The contract covers external façade inspections for over 1,400 HDB residential blocks and regular inspections for 50 multi-storey HDB car parks.
• Technological Edge: NovaPeak will utilize its proprietary LiveInspect.AI platform, an automated digital inspection and reporting solution powered by advanced AI models and drone technology.
• Benefits: The solution promises increased safety, cost-effectiveness, and reduced intrusiveness compared to traditional methods, while also improving consistency and accuracy in building inspections.

Strategic Importance for ISDN Holdings

• Strengthening Market Position: This contract reinforces ISDN Holdings’ transition from an automation component supplier to a full-fledged provider of advanced AI-driven solutions for critical infrastructure.
• Innovation Leadership: NovaPeak has established a strong track record since its founding in 2022, having inspected over 900 buildings and completed more than 2,000 drone missions, covering more than 2 million square meters of building façades.
• Market Potential: NovaPeak targets a vast addressable market—Singapore alone has over 20,000 buildings requiring regular inspections, with tens of thousands more across Southeast Asia. NovaPeak’s early mover advantage could position ISDN Holdings as a regional leader in AI-enabled building inspection services.
• Proven Solution: The LiveInspect.AI platform is proven to outperform traditional inspection methods in terms of performance and cost, a key selling point for future contract wins and margin improvement.

Financial Impact and Shareholder Considerations

• Short-term Impact: The company states that the contract is not expected to have a material impact on the Group’s net tangible assets per share or earnings per share for the financial year ending December 31, 2026. However, it demonstrates ISDN Holdings’ ability to secure government contracts and validates its technology for large-scale, regulated projects.
• Long-term Growth: Success in this contract may serve as a catalyst for future wins, both in Singapore and regionally, potentially driving higher revenue and margin expansion over time.
• No Related Party Concerns: The company confirms that none of its directors or controlling shareholders holds any direct or indirect interest in the transaction, apart from their stakes in the company.
• Business Transformation: As highlighted by ISDN Holdings’ Managing Director and President, Mr. Zhang Zijun, the Group is evolving into a provider of comprehensive, advanced AI solutions. NovaPeak exemplifies this shift, leveraging breakthrough technologies to build integrated systems that can redefine commercial operations in the industry.

Management Commentary

• Mr. Eugene Choy, Managing Director and Founder of NovaPeak, emphasized the synergy between drones and AI to serve the building inspection sector. He noted NovaPeak’s solution has already inspected over 2 million square meters of building surfaces, delivering higher performance and lower costs compared to traditional inspection methods.
• Mr. Zhang Zijun, ISDN Holdings’ Managing Director and President, hailed NovaPeak’s achievement as a model for the Group’s strategic transformation and expressed optimism for further business advances by 2026.

Company Profiles

• NovaPeak Pte. Ltd.: Singapore-based tech firm specializing in drone inspection services and AI-driven software for the built environment. Its solutions offer structured workflows, controlled data pipelines, and scalable reporting for large-scale, regulated inspection projects.
• ISDN Holdings Limited: Leading industrial automation solutions provider in Asia with 78 sales offices, serving over 10,000 customers in advanced industries such as semiconductor, aerospace, medical devices, clean energy, and smart manufacturing. Listed on Singapore Exchange Mainboard since 2005 and Hong Kong Stock Exchange Mainboard since 2017.

Investor Takeaways

• The contract win demonstrates ISDN Holdings’ technological and commercial capabilities in a fast-growing, regulated segment.
• Though the immediate financial impact is not material, the strategic nature and reference value of this project may drive future growth opportunities and raise the Group’s profile among institutional and government clients.
• Investors should monitor further contract developments and financial disclosures, especially as ISDN Holdings continues to expand its AI-driven business portfolio in 2026 and beyond.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making any investment decisions. The information contained herein is based on publicly available data at the time of publication and may be subject to change.

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