Tembo E-LV BV (“Tembo”), a subsidiary of the Nasdaq listed B Corp,
VivoPower International PLC (Nasdaq: VVPR, “VivoPower” or the
“Company”), is pleased to announce today that it has begun delivery
of its next generation Electric Utility Vehicle (“EUV”) powertrain
conversion kits. The first delivery of kit components were made to
Access Industrial Mining Inc (“Access”), Tembo’s exclusive
distributor in Canada.
Following completion of Access’s successful testing program of
the Tembo converted 4x4 Landcruiser in Europe in 2023, Access
placed an initial order for EUV powertrain conversion kits. Further
testing was then conducted across both hardware and software
elements of the EUV powertrain conversion kits. This was pursuant
to a definitive agreement for Access to purchase 1,675 Tembo EUV
conversion kits over a period of five years.
The Tembo EUV conversion kits will transform new and second-hand
diesel-powered 4×4 LandCruiser and Hilux vehicles into ruggedised
EUVs that are fit for purpose for mining and other industrial
applications. Tembo EUV conversion kits are a key component of
VivoPower’s turnkey sustainable energy solutions, designed to help
corporate customers accelerate towards their net zero carbon goals
and to achieve cost savings.
Tembo selected Access as the Company’s distribution partner in
Canada because of Access’s long track record and experience
supplying, customizing and servicing Toyota LandCruisers, as well
as its extensive and active relationships with mining and other
industrial companies.
Martin Paquette, General Manager of Access,
said: “We are excited to start the electrification
retrofit process for our clients’ LandCruisers using Tembo’s EUV
conversion kit, and thus to offer EUVs to our clients across
Canada. This is a product which has been in demand for some time in
the market given our clients’ broader sustainability objectives and
key legislation.”
Kevin Chin, Chairman and CEO of VivoPower,
said: “For Tembo, quality and safety are of paramount importance.
Following a disciplined testing program over the last 12 months, we
are very pleased to have begun delivery of the next generation EUV
conversion kits and look forward to supporting our valued partner,
Access as well as our other partners across the globe to electrify
their utility vehicle fleets. In doing so, we look forward to
helping them meet their commercial objectives, including in
relation to sustainability goals.”
About VivoPower
VivoPower is an award-winning global sustainable energy
solutions B Corporation company focused on electric solutions for
customised and ruggedised fleet applications, battery and
microgrids, solar and critical power technology and services. The
Company’s core purpose is to provide its customers with turnkey
decarbonisation solutions that enable them to move toward net-zero
carbon status. VivoPower has operations and personnel in Australia,
Canada, the Netherlands, the United Kingdom, the United States, the
Philippines, and the United Arab Emirates.
About Tembo
Tembo electric utility vehicles (EUVs) are the premier 100%
electric solution for ruggedised and/or customised applications for
fleet owners in the mining, agriculture, energy utilities, defence,
police, government, humanitarian, and game safari industries. Tembo
provides safe, high-performance off-road and on-road electric
utility vehicles that meet exacting standards of safety,
reliability, and quality. Its core purpose is to provide safe and
reliable electrification solutions for utility vehicle fleet owners
globally, helping perpetuate useful life, reduce costs, maximise
return on assets, meet ESG goals and activate the circular economy.
Tembo is a subsidiary of the Nasdaq listed B Corporation, VivoPower
International PLC.
About Access
Founded in 1998 in Rouyn-Noranda, Quebec, Access is Canada’s
foremost dealer and customizer of Toyota and other branded vehicles
to industry. Whilst its main focus is mining, it also has customers
in the industrial, forestry, construction and government
sectors.
All trademarks referenced herein are the property of their
respective owners.
Forward-Looking Statements
This communication includes certain statements that may
constitute “forward-looking statements” for purposes of the U.S.
federal securities laws. Forward-looking statements include, but
are not limited to, statements that refer to projections, forecasts
or other characterisations of future events or circumstances,
including any underlying assumptions. The words “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intends,”
“may,” “might,” “plan,” “possible,” “potential,” “predict,”
“project,” “should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements may include, for example, statements about the
achievement of performance hurdles, or the benefits of the events
or transactions described in this communication and the expected
returns therefrom. These statements are based on VivoPower’s
management’s current expectations or beliefs and are subject to
risk, uncertainty, and changes in circumstances. Actual results may
vary materially from those expressed or implied by the statements
herein due to changes in economic, business, competitive and/or
regulatory factors, and other risks and uncertainties affecting the
operation of VivoPower’s business. These risks, uncertainties and
contingencies include changes in business conditions, fluctuations
in customer demand, changes in accounting interpretations,
management of rapid growth, intensity of competition from other
providers of products and services, changes in general economic
conditions, geopolitical events and regulatory changes, and other
factors set forth in VivoPower’s filings with the United States
Securities and Exchange Commission. The information set forth
herein should be read in light of such risks. VivoPower is under no
obligation to, and expressly disclaims any obligation to, update or
alter its forward-looking statements whether as a result of new
information, future events, changes in assumptions or
otherwise.
Contact
Shareholder Enquiries
shareholders@vivopower.com
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