IMOVE CRC Unveils Eco-Friendly Tech & See Me App for Inclusive Australian Transport miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
VivoPower International PLC Completes $120m Definitive Canadian Distribution Agreement for Tembo Electric Light Vehicles benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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 parties agree
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
VivoPower Signs US$250m Agreement for Its Tembo Toyota Electric Vehicle Solutions
VivoPower International PLCJanuary 25, 2021 GMT
LONDON, Jan. 25, 2021 (GLOBE NEWSWIRE) VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that the Company and its 51% subsidiary, Tembo e-LV B.V. (“Tembo”), has signed a definitive agreement with GB Auto Group Pty Limited and GB Electric Vehicles Pty Ltd (collectively, “GB Auto”), which will expand GB Auto’s position as Australia’s exclusive distributor of the Tembo electric Toyota Land Cruiser, electric Toyota Hilux, and Tembo electric vehicle conversion kits.