AZIO AI Provides Commercial Allocation Update and Deposit Progress Across Multi-Sector GPU Orders

AZIO AI (NASDAQ: EVTV) provided a commercial update on previously announced GPU rack and node purchase orders totaling approximately $107 million, reporting deposits equal to approximately 13% of the aggregate order value as of March 4, 2026.

Rhea-AI Summary

AZIO AI (NASDAQ: EVTV) provided a commercial update on previously announced GPU rack and node purchase orders totaling approximately $107 million, reporting deposits equal to approximately 13% of the aggregate order value as of March 4, 2026. The company expects additional deposits in the coming weeks.

Management said allocation adjustments are being made to fulfill demand from enterprise and hyperscale customers across Asia, with some government-designated allocations reallocated to commercial channels. Timing effects from Lunar New Year banking closures are cited as resolved, supporting near-term funding progression.

Positive

• Aggregate binding purchase orders of $107M
• Received deposits equal to ~13% of orders
• Allocation flexibility addresses enterprise and hyperscale demand
• Management expects deposits to increase in coming weeks

Negative

• Only ~13% of purchase order value deposited to date
• Deposit timing affected by Lunar New Year banking closures
• Some government allocations were redirected from original deployments

Argus Mar 4 session

-5.30% close to close Open Argus

Details

News Market Reaction – EVTV

On Mar 4, the day this news came out, EVTV closed 5.30% below the previous close.

Data tracked by StockTitan Argus for the Mar 4 session.

Market Context

On Mar 4, the day this news came out, the stock closed 5.3% below the previous close. A negative rea...

Analysis

On Mar 4, the day this news came out, the stock closed 5.3% below the previous close. A negative reaction despite operationally constructive news fits EVTV’s mixed pattern around AI announcements, where prior positive updates still saw drops of 13.59%. The market may focus on execution risk around the $107 million GPU pipeline and modest 13% deposit intake so far. With an unused shelf capacity of $1,000,000,000, potential future capital needs could also influence sentiment toward such growth initiatives.

Key Figures

GPU purchase orders: $107 million Deposits received: 13% of purchase order value

GPU purchase orders

$107 million

Aggregate binding GPU rack and node purchase orders in Asia

Deposits received

13% of purchase order value

Customer deposits received to date on $107 million GPU orders

Previous AI Reports

5 past events · Latest: Feb 25

Same Type 5 events

1. Feb 25

   AI systems delivery

   24h Move

   +2.8%

   Accepted delivery of high-performance compute systems and advanced multi-site talks.

2. Feb 04

   Engineering validation

   24h Move

   -4.8%

   On-site validation moved modular AI and power initiative into execution phase.

3. Jan 26

   AI container deployed

   24h Move

   +34.8%

   Delivered and energized 40-foot immersion-ready AI data center container on site.

4. Jan 21

   Momentum & Nasdaq

   24h Move

   -13.6%

   Reaffirmed AZIO AI momentum and framed Nasdaq issue as procedural with defined framework.

5. Jan 21

   AI infra strategy

   24h Move

   -13.6%

   Announced scalable AI infrastructure program with multi‑megawatt expansion potential.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gpu, hyperscale, cross-border settlement

3 terms

gpu technical

"AZIO AI Corporation ("AZIO AI" ), a high-performance artificial intelligence infrastructure and GPU compute platform provider"

A GPU (graphics processing unit) is a specialized computer chip designed to handle many calculations at once, originally for rendering images and video but now widely used for tasks like artificial intelligence, data analysis and high-performance computing. Investors watch GPU demand and prices because strong sales often signal growth for chip makers and their customers, affect profit margins and capital spending, and can forecast wider trends in gaming, AI adoption and cloud services.

hyperscale technical

"fulfilled through a diversified mix of enterprise and hyperscale customers, reflecting strong parallel demand"

Hyperscale describes the ability of a system or operation to grow rapidly and handle extremely large amounts of work or data. It’s like a massive factory that can quickly expand its production capacity to meet soaring demand. For investors, hyperscale indicates a business’s potential to scale efficiently, often leading to increased growth and profitability.

cross-border settlement financial

"subject to customary banking processes, cross-border settlement timing, and customer deployment coordination"

The process of completing a securities trade where the buyer, seller or their banks are located in different countries, including the transfer of money and legal ownership across borders. Like buying an item from another country where payment, delivery and customs must be coordinated, cross-border settlement involves currency conversion, differing rules, and extra intermediaries. Investors care because these added steps affect how quickly trades settle, how much they cost, and the risk of delays, currency moves or regulatory hold-ups that can change the value of an investment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Commercial Progress Across $107M GPU Pipeline Supports Strategic Combination
Process with Envirotech Vehicles, Inc. (NASDAQ: EVTV)

LOS ANGELES, March 4, 2026 /PRNewswire/ -- AZIO AI Corporation ("AZIO AI" or the "Company"), a high-performance artificial intelligence infrastructure and GPU compute platform provider, today provided a commercial update regarding previously announced GPU rack and node purchase orders and related customer allocation activity across Asia.

Deposit Progress and Funding Milestones
As previously disclosed on January 12, 2026, AZIO AI announced aggregate binding purchase orders totaling approximately $107 million (the "Purchase Order(s)"). To date, the Company has received deposits representing approximately 13% of the aggregate Purchase Order value.

The Company continues to work through standard staged funding schedules customary in large-scale infrastructure procurements, and anticipates additional deposit activity in the coming weeks subject to customary banking processes, cross-border settlement timing, and customer deployment coordination.

Management emphasized that deposit cadence reflects typical milestone-based procurement cycles associated with enterprise and government infrastructure contracts.

Customer Allocation and Delivery Mix
In connection with ongoing deployment coordination, AZIO AI has adjusted portions of its delivery schedule to accommodate active demand from multiple large-scale data center operators across Asia.

Certain GPU allocations originally designated for specific government-related deployments are being fulfilled through a diversified mix of enterprise and hyperscale customers, reflecting strong parallel demand across commercial channels.

Management noted that the Company's aggregate commercial Purchase Order activity remains consistent with previously disclosed levels and that allocation flexibility is a standard component of supply-chain and delivery optimization within multi-customer infrastructure pipelines.

Regional Timing Considerations
The initial funding window for the Purchase Orders coincided with the Lunar New Year holiday period across Taiwan and parts of the Asia-Pacific region, during which banking institutions and commercial counterparties operate on reduced schedules.

With financial institutions now fully reopened, the Company expects deposit progression consistent with ordinary regional commercial cycles.

Operational Execution
AZIO AI continues to coordinate closely with supply chain, integration, and logistics partners to support delivery readiness as funding milestones are achieved.

The Company remains focused on disciplined execution, capital efficiency, and supporting infrastructure deployments across both government and enterprise customer categories.

The Company believes continued commercial execution across diversified government and enterprise customer categories supports its broader infrastructure scaling initiatives and strategic positioning in connection with its previously announced proposed business combination with Envirotech Vehicles, Inc. (NASDAQ: EVTV).

Forward-Looking Statements
This press release contains statements that do not relate to historical facts but are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their use of terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether because of new information, future events or otherwise.

About AZIO AI Corporation
AZIO AI is a high-performance computing and artificial intelligence infrastructure company focused on scalable GPU compute platforms, modular data centers, and energy-integrated infrastructure solutions serving government and enterprise customers across multiple regions.

Investor Relations & Media Contact:

Phoenix MGMT Consulting

Email: info@phoenixmgmtconsulting.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/azio-ai-provides-commercial-allocation-update-and-deposit-progress-across-multi-sector-gpu-orders-302703310.html

SOURCE Azio AI Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of AZIO AI's $107M GPU purchase orders had been deposited as of March 4, 2026 (EVTV)?

Approximately 13% of the $107M aggregate purchase orders had been deposited as of March 4, 2026. According to the company, additional staged deposits are expected in the coming weeks subject to banking and settlement timing.

Why did AZIO AI (EVTV) adjust GPU delivery allocations across Asia?

AZIO AI adjusted allocations to meet strong enterprise and hyperscale demand alongside government orders. According to the company, reallocation reflects supply-chain optimization and multi-customer deployment coordination across the region.

Does the March 4, 2026 update from AZIO AI (EVTV) affect the proposed Envirotech Vehicles business combination?

The company said continued commercial execution supports its strategic positioning for the proposed combination with Envirotech Vehicles. According to AZIO AI, diversified order fulfillment underpins broader infrastructure scaling initiatives tied to that process.

What caused deposit timing delays for AZIO AI's EVTV GPU orders?

Timing reflected reduced banking operations during Lunar New Year across Taiwan and parts of Asia-Pacific. According to the company, financial institutions have reopened and deposit progression is expected to follow normal regional commercial cycles.

Will redirected government GPU allocations reduce AZIO AI's (EVTV) commercial order value?

The company reports aggregate Purchase Order activity remains consistent with previously disclosed levels despite allocation shifts. According to AZIO AI, diversification across enterprise and hyperscale customers preserves the overall commercial pipeline value.

What operational steps is AZIO AI (EVTV) taking as funding milestones are reached?

AZIO AI is coordinating with supply chain, integration, and logistics partners to support delivery readiness as deposits arrive. According to the company, focus remains on disciplined execution and capital efficiency during staged procurement cycles.