Vivopower International Plc Stock Price, News & Analysis

VivoPower International PLC (NASDAQ: VVPR) has entered a binding Letter of Intent with Toyota Motor Corporation Australia to collaborate on the electrification of Toyota Landcruiser vehicles using conversion kits from its subsidiary, Tembo e-LV B.V. The deal aims to finalize a Master Services Agreement, granting VivoPower exclusive rights to electrify the Landcruiser 70 model for five years, with a possible two-year extension. This partnership highlights the potential of Tembo's technology in decarbonizing rugged industries and advancing customer sustainability goals.

VivoPower International PLC has signed a definitive agreement with Acces Industriel Mining Inc. for the distribution of electric vehicle conversion kits in Canada. Over the next five years, Acces plans to purchase 1,675 Tembo e-LV kits, estimated to generate US$120 million in revenue. The partnership aims to provide ruggedized electric light vehicles for mining and other sectors, supporting corporate decarbonization efforts. This deal builds on VivoPower's previous agreement with GB Auto Group and is part of a broader plan to establish a global distribution network.

VivoPower International PLC (NASDAQ: VVPR) has entered a non-binding Heads of Terms with Arctic Trucks Limited for the purchase of 800 electric light vehicle conversion kits from its subsidiary, Tembo e-LV B.V. The proposed agreement, valued at approximately US$58 million, spans over the next 5½ years and aims to convert diesel vehicles into electric light vehicles for rugged applications in Nordic countries. This marks VivoPower's third major distribution deal this year, expanding its global distribution network for Tembo products.

VivoPower International PLC (NASDAQ: VVPR) released a white paper titled "Assessing Total Cost of Ownership of Electric Light Commercial Vehicles," aimed at helping fleet owners evaluate the economic benefits of transitioning to electric light commercial vehicles (e-LVs). With the fleet segment being one of the largest in the market, this report underscores the environmental advantages of reducing diesel dependency. VivoPower's subsidiary, Tembo, provides solutions for converting diesel vehicles into e-LVs, catering to sectors like mining and construction. The white paper will be regularly updated as technology and data evolve.

VivoPower International PLC (NASDAQ: VVPR) has entered a non-binding agreement with Canadian distributor Acces Industriel Mining Inc. to purchase 1,675 Tembo electric vehicle conversion kits by December 2026, valued at approximately US$120 million. This deal follows a previous agreement with GB Auto in January 2021. The Tembo kits convert diesel Toyota vehicles for mining and hard-to-decarbonize sectors. VivoPower aims to finalize this agreement before June 30, 2021, and to establish a global distribution network by the end of 2021.

VivoPower International PLC (NASDAQ: VVPR) announced its participation in Oppenheimer's 6th Annual Emerging Growth Conference, scheduled for May 11-12, 2021. The virtual event will feature one-on-one and small group meetings with over 50 emerging companies across the Technology, Industrial Growth, and Consumer sectors. Executive Chairman Kevin Chin and Executive Director Matt Cahir will lead investor meetings on May 12. VivoPower focuses on sustainable energy solutions, aiming to provide decarbonization solutions for customers globally.

On May 4, 2021, VivoPower International PLC (NASDAQ: VVPR) announced the appointment of Jos van der Linden as Managing Director (Netherlands) for its electric light vehicle division, Tembo e-LV B.V. Van der Linden brings over a decade of experience in vehicle electrification and renewable energy solutions. His expertise includes battery technology and sustainable energy applications. Executive Chairman Kevin Chin expressed confidence in Van der Linden’s leadership to drive growth in Tembo, which aims to support customers in achieving net-zero emissions and reducing operational costs.

VivoPower International PLC (NASDAQ: VVPR) has appointed James Howell-Richardson as General Counsel, enhancing its leadership team. Mr. Howell-Richardson brings a decade of experience from NYSE-listed Bristow Group Inc., where he oversaw legal functions and managed complex corporate restructures. Executive Chairman and CEO Kevin Chin stated that James’s strategic and legal expertise will significantly support VivoPower's objectives. The company focuses on sustainable energy solutions, aiming to help customers achieve net-zero carbon goals.

VivoPower International (NASDAQ: VVPR) has received a valuation report from Edison, estimating its share price at $19, significantly higher than its current market price of $8.06. The report emphasizes VivoPower's growth strategy, particularly following its $250 million acquisition of Tembo, which positions it as a market leader in electric vehicles. Edison projects revenue growth from $49 million to $133 million by 2023, with the EV division accounting for over 55% of sales. The report highlights VivoPower's sustainability credentials, likely appealing to ESG-focused investors.