Hyflux Ltd
HYFXY
Other OTC0.00
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Hyflux Ltd
HYFXY
(Other OTC)
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- Hyflux Ltd (HYFXY) is a Singapore-based company in liquidation that specializes in water treatment and energy infrastructure solutions worldwide. Founded in 1989 and headquartered in Singapore, the company operates through Municipal and Industrial segments; the Municipal segment supplies infrastructure solutions including water, power, and waste-to-energy to municipalities and governments, while the Industrial segment provides water infrastructure to industrial customers. It offers seawater desalination, raw water purification, wastewater cleaning, water recycling, water reclamation, pure water production services to municipal, industrial, and home consumers; filtration and purification products; design, construction, ownership, operation, and sale of water treatment, seawater desalination, wastewater treatment, water recycling plants under service concession arrangements; oxygen-rich water and related products; power plants, waste-to-energy plants; electricity trading; and retail electricity contracts, with projects historically in Asia, the Middle East, and Africa targeting electronics, pharmaceuticals, chemicals, food and beverage, biotechnology industries. As of July 21, 2021, Hyflux Ltd entered liquidation, marking a major operational cessation and restructuring amid financial challenges from projects like Tuaspring; prior to this, it pursued joint ventures such as with Mitsui & Co. through Galaxy for water treatment plants in China valued at around US$41-53 million and the delisting of Hyflux Water Trust. Recent developments include a separate entity adopting the Hyflux name focusing on superconducting propulsion systems, securing a $1.5M funding round in 2025 for cryogenic electric mobility and announcing a strategic partnership with New Zealand's Robinson Research Institute in October 2024, accelerated by a NZ$71M government investment in superconductivity for zero-emission aviation.