VivoPower(VVPR)

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VivoPower's Tembo Signs Definitive Heads of Agreement with East Africa’s Leading Vehicle Assembler, Associated Vehicle Assemblers Ltd (AVA)
Globenewswire· 2025-03-18 13:25
Core Points - VivoPower's subsidiary, Tembo e-LV, has signed a 5-year agreement with Associated Vehicle Assemblers Ltd. (AVA) to convert 200 vehicles in the first year and 1,600 over five years [1] - The agreement covers East African nations including Kenya and Tanzania, which have a combined population exceeding 500 million [2][3] - AVA will distribute and locally assemble Tembo's 100% electric utility vehicle (EUV) solutions for various sectors, enhancing local maintenance and support capabilities [3][4] - The partnership aims to support Kenya's transition to sustainable transportation and create value and jobs in local economies [4] - Demand for electric vehicles is accelerating in East Africa, driven by both government and private sector interest [5] - Tembo's strategy to reduce costs while maintaining quality has led to increased interest in their next-generation EUV25 electric conversion kits [5] - VivoPower aims to build partnerships with established leaders in their markets to deliver electrification solutions [5] Company Overview - VivoPower is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services [6] - Tembo provides 100% electric utility vehicles for ruggedized applications across various industries, aiming to support fleet owners in achieving ESG goals [7] - AVA is East Africa's leading vehicle assembler, known for producing high-quality vehicles tailored to regional needs and committed to sustainability [8]
VIVOPOWER ACTIVATES AND EXTENDS STOCK BUYBACK PROGRAM OF UP TO US$5 MILLION (UPDATED)
Globenewswire· 2025-03-10 13:25
Group 1 - VivoPower International has announced the extension of its Stock Buyback Program, now set to expire on June 30, 2026, allowing for the purchase of up to US$5 million of its outstanding ordinary shares [1][2] - The Stock Buyback Program will be funded through surplus cash receipts and proceeds from business and asset divestitures, including spin-offs and carve-outs [2] - The company has not repurchased any shares under the Stock Buyback Program to date [1] Group 2 - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications [3] - The company's core purpose is to provide turnkey decarbonisation solutions to help customers achieve net-zero carbon status [3] - VivoPower operates in multiple countries, including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates [3]
VIVOPOWER ACTIVATES AND EXTENDS STOCK BUYBACK PROGRAM OF UP TO US$5 MILLION
Newsfilter· 2025-03-07 20:30
Core Points - VivoPower International has announced the commencement of a Stock Buyback Program, allowing the company to purchase up to US$5 million of its outstanding ordinary shares, with an updated expiration date of April 3, 2026 [1][2] - The funding for the Stock Buyback Program is expected to come from surplus cash receipts and proceeds from business and asset divestitures [2] - VivoPower is a global sustainable energy solutions company focused on electric solutions for customized fleet applications, with operations in multiple countries including Australia, Canada, the UK, and the US [3]
VivoPower's Tembo signs Definitive Supply Agreement with pre-eminent African safari operator Asilia Africa
GlobeNewswire News Room· 2025-02-10 20:30
Core Insights - The partnership between VivoPower's subsidiary Tembo and Asilia Africa aims to electrify Asilia's fleet of Landcruisers, starting with the delivery of EUV25 EPower conversion kits in February 2025, marking a significant step towards decarbonizing the tourism sector in Africa [1][2] - This collaboration is focused on promoting sustainable tourism in Africa, with plans to scale across Asilia's 16 camps and broader industry networks, thereby reducing diesel consumption and carbon emissions [1][5] - Both companies are committed to environmental stewardship and social responsibility, as evidenced by their status as Certified B Corporations [4][6] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, specializes in sustainable energy solutions, particularly electric solutions for ruggedized fleet applications [10] - Asilia Africa, founded in 2004, operates 16 bespoke camps and lodges in East Africa, employing nearly 1,000 people and focusing on immersive safari experiences while safeguarding ecosystems [3][11][12] Environmental Impact - The initiative is expected to significantly reduce Asilia's reliance on diesel, contributing to its goal of achieving carbon neutrality by 2025 and enhancing the overall sustainability of its operations [5][7] - Tembo's electric utility vehicles are designed to operate in extreme conditions, eliminating emissions and noise pollution, thus supporting ecologically sensitive regions [5][9] Strategic Goals - The partnership aligns with VivoPower's mission to provide sustainable energy solutions that enhance operational resilience and reduce carbon footprints [5] - Asilia Africa aims to pioneer sustainable tourism solutions that protect ecosystems while enhancing guest experiences, reflecting a commitment to responsible tourism and community-driven impact [7][13]
VivoPower's Tembo signs Definitive Supply Agreement with pre-eminent African safari operator Asilia Africa
Newsfilter· 2025-02-10 20:30
Core Insights - VivoPower's subsidiary Tembo has entered a definitive supply agreement with Asilia Africa to provide EUV25 EPower conversion kits for Landcruisers, starting February 2025, marking a significant step towards decarbonizing the tourism sector in Africa [1][2] - The partnership aims to establish both companies as leaders in sustainable tourism, with a focus on reducing diesel consumption and carbon emissions across Asilia's 16 camps [1][5] - Tembo's electric utility vehicles will operate entirely on renewable energy, enhancing operational resilience and contributing to both companies' net-zero goals [1][5] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for ruggedized fleet applications [10] - Asilia Africa, founded in 2004, is a leader in immersive safari experiences in East Africa, operating 16 camps and employing nearly 1,000 people [3][12] - Both companies are Certified B Corporations, emphasizing their commitment to environmental stewardship and social responsibility [4][13] Partnership Details - The first phase of the agreement includes local assembly of the EUV25 EPower kits in Kenya, with the aim of replacing diesel-powered vehicles in ecologically sensitive areas [2][5] - The initiative is expected to significantly lower Asilia's carbon emissions and enhance the safari experience for guests while supporting local communities [7][5] - The collaboration reflects a shared commitment to responsible tourism and innovation, ensuring the preservation of Africa's ecosystems [6][7]
VivoPower's Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners
Newsfilter· 2025-01-31 14:30
Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, will start accepting payments in Bitcoin, Ripple, and Dogecoin, enhancing payment flexibility for customers and partners [1][2] - The adoption of digital assets is expected to improve the company's working capital cycle through instantaneous settlement [2] - VivoPower plans to integrate these digital currencies into its corporate treasury management strategy, potentially holding reserves in these assets [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications [4] - The company aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, and the United States [4]
VivoPower’s Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners
Globenewswire· 2025-01-31 14:30
Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, will start accepting payments in Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE) to enhance payment flexibility for customers and partners [1][2] - The adoption of digital assets is expected to shorten the company's working capital cycle due to instantaneous settlement capabilities [2] - VivoPower plans to integrate these digital currencies into its corporate treasury management strategy, potentially holding reserves in Bitcoin, XRP, and Dogecoin [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and related services [4] - The company aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, the UK, and the UAE [4]
VivoPower(VVPR) - 2025 Q2 - Quarterly Report
2025-01-24 22:25
VIVOPOWER INTERNATIONAL PLC (Translation of registrant's name into English) The Scalpel, 18th Floor, 52 Lime Street London EC3M 7AF United Kingdom +44-203-667-5158 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 January 24, 2025 Commission File Number 001-37974 (Address of principal executive office) Indicate by check mark whether the registrant files or will file ann ...
VivoPower's Tembo Tuskers order and deliveries on schedule for February 2025, from Sydney, Australia
Newsfilter· 2025-01-22 20:45
Core Insights - VivoPower's subsidiary, Tembo, will receive 25 Tusker electric utility vehicles in Sydney by February 2025, driven by strong customer demand [1][2] - The Tusker vehicles feature advanced technology, including electronic park braking, uphill drive assistance, and a 12.3-inch center console screen [2] - The Tembo Tusker is recognized as the best value for money 100% electric utility pick-up truck in Australia, backed by a 3-year OEM warranty and an 8-year battery warranty from CATL [2] Regulatory Approval - The Tusker received full Australian Federal Government on-road homologation vehicle type approval in November 2024, a critical regulatory milestone for the Australasian pick-up truck market, valued at approximately US$10 billion [3] - Vehicle type approvals (VTAs) ensure compliance with safety, environmental, and anti-theft standards, which are essential for the legal operation of vehicles on public roads [3] - VTAs are increasingly important as electric vehicle adoption grows, addressing specific standards such as battery safety and charging capabilities [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for ruggedized fleet applications [4] - The company aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, and the United States [4] - Tembo specializes in 100% electric utility vehicles for various industries, including mining, agriculture, and government, emphasizing safety and performance [5]
VivoPower's Tembo Tuskers order and deliveries on schedule for February 2025, from Sydney, Australia
Globenewswire· 2025-01-22 20:45
Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, will receive 25 Tusker full electric utility vehicles in Sydney, Australia by the end of February 2025, driven by strong customer demand [1][2] - The Tusker vehicles feature next-generation upgrades including electronic park braking, uphill drive assistance, and a 12.3-inch center console screen [2] - Tembo is assisting fleet owners in securing a NSW government fleet incentive of up to A$15,000 per vehicle [1] - The Tembo Tuskers are recognized as the best value for money 100% electric utility pick-up trucks in Australia, backed by a 3-year OEM warranty and an 8-year battery warranty from CATL [2][3] Regulatory Approval - The Tusker received full Australian Federal Government on-road homologation vehicle type approval in November 2024, a critical regulatory milestone for the Australasian pick-up truck market, valued at approximately US$10 billion [3] - Vehicle type approvals (VTAs) ensure compliance with safety, environmental, and anti-theft standards, which are essential for the legal operation of vehicles on public roads [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on electric solutions for customized fleet applications and aims to provide turnkey decarbonization solutions [4] - Tembo specializes in 100% electric utility vehicles for ruggedized applications across various industries, including mining, agriculture, and government [5]