VivoPower

VivoPower International Plc operates as a sustainable energy solutions company, which provides customers with turnkey decarbonization solutions that enable them to achieve net zero carbon status. The firm operates through the following segments: Critical Power Services, Electric Vehicles, Sustainable Energy Solutions, Solar Development, and Corporate Office. The Critical Power Services segment focuses on the design, supply, installation, and maintenance of critical power, control and distribution systems, including for solar farms. The Electric Vehicles segment delivers electric vehicles for mining and other rugged industrial customers. The Sustainable Energy Solutions segment engages in the design, evaluation, sale, and implementation of renewable energy infrastructure to customers both on a standalone basis and in support of Tembo Electric Vehicles. The Solar Development segment represented by caret comprises of 12 solar projects in the US. The Corporate Office segment engages in company’s corporate functions, which includes costs to maintain Nasdaq listing, comply with applicable SEC reporting requirements, and related investor relations. The company was founded by Tser Fah Chin on February 1, 2016 and is headquartered in London, the United Kingdom.

VivoPower International Plc is a sustainable energy solutions company, which engages in the customers with turnkey decarbonization solutions that enable them to achieve net zero carbon status. It operates through the following segments: Critical Power Services, Electric Vehicles, Sustainable Energy Solutions, Solar Development, and Corporate Office. The Critical Power Services segment focuses on the design, supply, installation, and maintenance of critical power, control and distribution systems, including for solar farms. The Electric Vehicles segment delivers electric vehicles for mining and other rugged industrial customers. The Sustainable Energy Solutions segment refers to the design, evaluation, sale, and implementation of renewable energy infrastructure to customers both on a standalone basis and in support of Tembo Electric Vehicles. The Solar Development segment represented by caret comprises of 12 solar projects in the US. The Corporate Office segment includes the company’s corporate functions, which refers to the costs to maintain Nasdaq listing, comply with applicable SEC reporting requirements, and related investor relations. The company was founded by Tser Fah Chin on February 1, 2016 and is headquartered in London, the United Kingdom.

Shares of VivoPower International PLC took off on Tuesday, after the U.K.-based sustainable-energy company announced a deal to sell its electric-utility-vehicle subsidiary Tembo for a big profit.

VivoPower's stock rockets four-fold after deal to sell Tembo EV subsidiary for a big gain

VivoPower (NASDAQ: VVPR ) stock is rocketing higher on Tuesday after the company announced plans for its Tembo subsidiary to go public via a special purpose acquisition company (SPAC) merger. That merger will see Tembo combine with SPAC Cactus Acquisition Corp. 1 (NASDAQ:CCTS).

Why Is VivoPower (VVPR) Stock Up 260% Today?

LONDON, April 02, 2024 (GLOBE NEWSWIRE) -- Tembo, a global leader in utility vehicle electrification (“Tembo”), and a subsidiary of VivoPower International PLC (NASDAQ: VVPR, “VivoPower”), today announced it has entered into a binding heads of agreement (“Agreement”) whereby it will exclusively negotiate to consummate a business combination agreement to merge with Cactus Acquisition Corp. 1 Limited (NASDAQ: CCTS, CCTSW, CCTSU, “CCTS”), a special purpose acquisition company (“SPAC”). Upon closing of a business combination, the combined company is expected to remain NASDAQ-listed under the name “Tembo Group”.

VivoPower announces binding heads of agreement to merge Tembo into NASDAQ listed CCTS at an indicative US$838m Equity Value

Access Industrial Mining Inc (“Access”) in Canada is the inaugural partner to receive shipment Founded in 1998, Access is a key distributor and supplier to the Canadian mining and industrial sectors Previously signed Definitive Agreement for 1,675 EUV conversion kits over five years LONDON, Feb. 05, 2024 (GLOBE NEWSWIRE) -- 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.

TEMBO NEXT GENERATION EUV KIT DELIVERIES HAVE COMMENCED

Orders pursuant to Tembo's previously announced joint venture with Francisco Motors Established in 1947, Francisco Motor Corporation is the original pioneering jeepney manufacturer Total addressable market to electrify 200,000 existing jeepneys estimated to be worth US$10bn+ LONDON , Jan. 17, 2024 /PRNewswire/ -- Tembo E-LV BV ("Tembo"), a subsidiary of the NASDAQ listed B Corp, VivoPower International PLC (Nasdaq: VVPR, "VivoPower"), announced today that, pursuant to its definitive joint venture agreement with Francisco Motor Corporation ("Francisco Motors"), it has been advised by Francisco Motors of a total of 1,300 order commitments received from several leading jeepney co-operatives in the Philippines,  including Laguna, First Isabela, Progressive and Cazanova. Elmer Francisco, Chairman of Francisco Motors, said: "We are excited to have procured 1,300 order commitments worth an estimated US$30 million from leading jeepney co-operatives that have paid or committed to paying non refundable deposits to secure their slots for the assembly of e-jeepneys that we are building with the support of our partner, Tembo.

1,300 E-JEEPNEY ORDER COMMITMENTS IN THE PHILIPPINES FOR TEMBO FRANCISCO MOTORS JOINT VENTURE

LONDON, Jan. 17, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR, the “Company” or “VivoPower”) today announced its half year unaudited preliminary results for the six months ended December 31, 2023.

VivoPower International PLC Reports Unaudited Preliminary Results for the Six Months Ended December 31, 2023

Investment secured from private investment office backed by member of ruling Al Maktoum family of Dubai Initial US$2.5 million investment made in June 2023 included an option to increase investment to up to US$10 million based on meeting certain milestones Tembo has now met milestones to qualify for additional follow-on investment of US$5 million, for an aggregate total investment to date of US$7.5 million LONDON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR, “VivoPower” or the “Company”) is pleased to announce that its subsidiary Tembo e-LV B.V. (“Tembo”) has met milestones to obtain a further follow-on strategic direct equity investment of US$5 million into Tembo, at a pre-money valuation of US$120 million.

VIVOPOWER ANNOUNCES FOLLOW-ON STRATEGIC DIRECT INVESTMENT IN TEMBO AT US$120M PRE-MONEY VALUATION

LONDON, Dec. 18, 2023 (GLOBE NEWSWIRE) --  VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the “Company”) has announced that Executive Chairman and CEO, Kevin Chin, is increasing his individual shareholding in the Company by 125,000 shares, representing approximately 4% of the undiluted number of issued and outstanding shares of the Company. This is through a voluntary election to receive his CEO salary since 1 July 2023 in the form of ordinary shares in VivoPower and was approved by the Remuneration Committee.

CEO INCREASE IN INDIVIDUAL SHAREHOLDING TO 11.2%

Board initiated review following inbound M&A expressions of interest Non binding letters of intent received for Tembo and Aevitas Kenshaw LONDON, Nov. 14, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the “Company”) has announced today that it has initiated a sum of the parts strategic value maximisation review in relation to the Company and has engaged a corporate adviser, Chardan, in this regard. The strategic review has been prompted by inbound expressions of interest for both Tembo and Aevitas Kenshaw over the past few weeks.

VIVOPOWER ANNOUNCES “SUM OF THE PARTS” STRATEGIC VALUE MAXIMISATION REVIEW

LONDON, Oct. 31, 2023 (GLOBE NEWSWIRE) --  VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the “Company”) has approved an action plan to address alleged illegal market manipulation including dissemination of false information and/or naked short selling of its stock.

VIVOPOWER BOARD ESTABLISHES ILLEGAL MARKET MANIPULATION TASK FORCE

LONDON, Oct. 27, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the “Company”) announced today that its board of directors has approved an execution plan to spin off the majority of its Caret business unit's portfolio, representing up to ten solar projects totalling 586MW-DC at varying stages of development.

VIVOPOWER ANNOUNCES PLANS TO SPIN OFF MAJORITY OF CARET BUSINESS UNIT PORTFOLIO AND DISTRIBUTION OF SPECIAL DIVIDEND STOCK

LONDON, Oct. 16, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR, the “Company”) announced today that its Board of Directors has resolved not to provide further notices for the Company to sell ordinary shares to White Lion Capital LLC (“White Lion”) pursuant to the Ordinary Share Purchase Agreement signed on October 6, 2023 (the “Purchase Agreement”). Under the terms of the Purchase Agreement, upon receipt of purchase notices from the Company, White Lion is obligated to purchase up to $2,300,000 in ordinary shares (the “Commitment Amount”) from time to time until the earlier of (i) December 23, 2023 or (ii) the date on which White Lion has purchased ordinary shares in an amount equal to the Commitment Amount. As of October 16, 2023, White Lion had purchased an aggregate of 50,000 ordinary shares pursuant to the Purchase Agreement.

VIVOPOWER ANNOUNCES CESSATION OF FURTHER SALES OF SHARES UNDER PURCHASE AGREEMENT WITH INSTITUTIONAL INVESTOR

Tech Innovation Awards 2023 was hosted in Dubai, ahead of COP28 later this year Award follows recent signing of landmark joint venture to electrify jeepneys in the Philippines Jeepney electrification JV gives Tembo access to total addressable market estimated at US$10bn+ (excluding charging and other ancillary solutions)  with 40 million passenger trips per day and 600,000 driver livelihoods LONDON, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Tembo E-LV BV (“Tembo”), a subsidiary of the NASDAQ listed B Corp, VivoPower International PLC (“VivoPower”), is pleased to announce that it has been honoured with the prestigious Electric Vehicle Innovation of the Year Award at the Tech Innovation Awards 2023 event in Dubai. Hosted by Entrepreneur Middle East , the Tech Innovation Awards recognises the best technological innovations in the Middle East and North Africa region.

TEMBO HONOURED WITH ELECTRICAL VEHICLE INNOVATION OF THE YEAR AWARD IN DUBAI, UNITED ARAB EMIRATES

LONDON, Oct. 04, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”), today announced that it will proceed with a 1-for-10 reverse stock split of its outstanding ordinary shares (the “Reverse Split”) following approval by its board of directors and as authorized by the Company's shareholders at the Extraordinary Meeting of the Shareholders held on July 6, 2023.

VIVOPOWER ANNOUNCES 1-FOR-10 REVERSE STOCK SPLIT

Tembo distribution partner network scale considerably expanded; additional agreements signed adding 8,000+ EV kits (excluding MOUs) representing a 160% year on year increase in order and commitment book pipeline

VivoPower International PLC Reports Financial Results for the Fiscal Year Ended June 30, 2023

LONDON, Sept. 26, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce the appointment of Philip Wray as Group Finance Director for VivoPower. Philip brings a wealth of financial and leadership expertise to VivoPower, having worked in large multinational corporations for the past 18 years.

VIVOPOWER ANNOUNCES APPOINTMENT OF PHILIP WRAY AS GROUP FINANCE DIRECTOR

Jeepneys are iconic public utility vehicles in the Philippines, representing 40% of public transport

LANDMARK AGREEMENT WITH FRANCISCO MOTORS TO ELECTRIFY JEEPNEYS IN THE PHILIPPINES

Agreement with Fourche Maline to sell 2,500 Tembo EUV kits over next 5 years Ghana is the largest producer of gold in Africa, and rank s amongst the top 6 globally Ghana's government has launched the Drive Electric Initiat ive through the Ghana Energy Commission LONDON, June 27, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that it has signed a definitive agreement (“Agreement”) with Fourche Maline Ltd (“Fourche Maline”), a fully indigenous Ghanaian engineering and technical services company for it to market, distribute and service Tembo-powered electric utility vehicles (“EUV”) across Ghana. Fourche Maline provides engineering and technical services in the local Ghana market to a number of the world's leading companies in the Oil & Gas, Mining, Power & Energy, and Food & Beverage sectors.

VivoPower Announces Definitive Distribution Agreement in Ghana for Tembo EUVs

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Vivopower (NASDAQ: VVPR ) stock is rising higher on Tuesday after the company signed a distribution agreement for EV charging stations. This agreement specifically pertains to Vital EV Solutions.

Why Is Vivopower (VVPR) Stock Up 65% Today?

LONDON, May 15, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that it has signed a definitive partnership agreement (“Agreement”) for VivoPower to market and distribute Vital EV Solutions (“Vital EV”) fleet charging solutions globally.

VivoPower Announces Definitive Distribution Agreement to Distribute EV Fleet Charging Solutions

LONDON, April 27, 2023 (GLOBE NEWSWIRE) -- On April 27, 2023, VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") received written notification from The Nasdaq Stock Market LLC ("Nasdaq") granting the Company's request for a 180-day extension to regain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The Company now has until October 23, 2023, to meet the requirement.

VivoPower International PLC Granted 180-Day Extension to Meet Nasdaq Minimum Bid Price Requirement

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