Vivopower International Plc Stock Price, News & Analysis

VivoPower International PLC (Nasdaq: VVPR) has completed feasibility studies on sustainable energy solutions at Tottenham Hotspur Stadium and the Club's training center. This milestone allows further exploration of projects aimed at reducing carbon emissions and energy costs. The partnership, established earlier this year, has received positive feedback on its potential impact. Tottenham Hotspur is recognized as the greenest club in the Premier League and is committed to sustainability, as demonstrated through various initiatives including signing the UN Sports for Climate Action Framework.

VivoPower (NASDAQ: VVPR) announced that its subsidiary, Kenshaw Electrical Pty Limited, secured a contract to supply and install generators for a COVID-19 mass vaccination hub in Belmont, New South Wales. This hub will support refrigeration for vaccines and has the capacity to administer up to 20,000 doses weekly. The project reflects Kenshaw's ongoing partnership with Hunter New England Health and showcases its ability to execute significant power projects promptly.

Kenshaw has over 15 years of experience in power services for health facilities in New South Wales.

On June 23, 2021, VivoPower International PLC (NASDAQ: VVPR) announced that Executive Chairman and CEO Kevin Chin has increased his stake by 328,888 shares, equating to approximately 1.8% of total issued shares. This acquisition was facilitated through the election of VivoPower shares due to a default loan obligation settlement with Arowana Partners Group and through market purchases during an open trading window. VivoPower is committed to sustainable energy solutions, focusing on battery storage, electric fleet applications, and solar technology.

VivoPower International PLC (NASDAQ: VVPR) has secured a five-year exclusive manufacturing collaboration with Toyota Australia to electrify Land Cruiser vehicles, integrating VivoPower's conversion kits into the manufacturing process. This partnership, stemming from two years of field trials, is seen as a significant milestone, potentially leading to revenues of €268.5 million by delivering at least 4,475 conversion kits to major mining markets. Analysts project that by 2025, VivoPower could sell 5,000 kits annually, with a projected share value of $19, following strong endorsement from Toyota.

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.