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Evolution unveils new fleet electrification partnership with VivoPower's Tembo unit for its light utility vehicle fleet

Evolution unveils new fleet electrification partnership with VivoPower's Tembo unit for its light utility vehicle fleet
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VivoPower International PLC Announces Proposed $120m Canadian Distribution Agreement for Tembo Electric Light Vehicles


VivoPower International PLC Announces Proposed $120m Canadian Distribution Agreement for Tembo Electric Light Vehicles
LONDON, May 19, 2021 /PRNewswire/ VivoPower International PLC (NASDAQ: VVPR) (the Company ) is pleased to announce that the Company and its wholly-owned subsidiary, Tembo e-LV B.V. ( Tembo ), have entered into a non-binding Heads of Terms with Canadian industrial equipment distributor Acces Industriel Mining Inc. ( Acces ) for Acces to distribute Tembo electric light vehicles ( e-LVs ) in Canada.
Under the proposed agreement (the Proposed Agreement ), Acces would commit to purchase 1,675 Tembo e-LV conversion kits through December 2026. Based upon the Company s estimates, these orders could be worth an estimated US$120 million in total value over the life of the Proposed Agreement, with a delivery schedule weighted towards the latter part of the Proposed Agreement period. The Proposed Agreement must be finalized prior to June 30, 2021, unless the parti ....

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VivoPower International PLC Announces Successful Sale of Australian Solar Farm Development


VivoPower International PLC Announces Successful Sale of Australian Solar Farm Development
LONDON, Feb. 10, 2021 /PRNewswire/ VivoPower International PLC (NASDAQ: VVPR), (the Company ) is pleased to announce that it has sold its majority ownership stake in the Daisy Hill Solar Farm (the Project ), an approximately 6.3 MW-DC (approximately 5.0 MW-AC) grid connected solar farm being developed near the town of Hillston in New South Wales, Australia.
The Company s interest in the Project was acquired by an affiliate of IT Power (Australia) Pty Ltd ( ITP Renewables ), a global leader in renewable energy consulting and project management. ITP Renewables previously held a minority interest in the Project and was jointly developing the Project with VivoPower. ....

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VivoPower Secures 100% Ownership of Tembo e-LV B.V.


VivoPower Secures 100% Ownership of Tembo e-LV B.V.
Deal funded from cash reserves and the issuance of 15,793 VivoPower shares
LONDON, Feb. 2, 2021 /PRNewswire/ VivoPower International PLC (NASDAQ: VVPR) (the Company ) is pleased to announce that, following board approval, it has completed the definitive acquisition of the remaining 49% of Tembo e-LV B.V. ( Tembo ).
Tembo is a specialist battery-electric and off-road vehicle company that focuses on designing and building ruggedized light electric vehicle solutions for customers across the globe in the mining, infrastructure, utilities, government services (including defense, police vehicles and ambulances), game safari and humanitarian aid sectors.
VivoPower previously acquired 51% of Tembo in October 2020 and recently announced a landmark distribution deal with its partner, GB Auto Group ( GB Auto ) in Australia. ....

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