Welcome to our dedicated page for Vivopower International Plc news (Ticker: VVPR), a resource for investors and traders seeking the latest updates and insights on Vivopower International Plc stock.
Vivopower International Plc (NASDAQ: VVPR) delivers sustainable energy solutions through global solar power projects and electric vehicle innovations. This news hub provides investors with essential updates on the company’s photovoltaic developments, energy storage initiatives, and strategic partnerships.
Access timely press releases covering financial results, project milestones, and operational expansions. Our curated collection includes updates across all business segments: solar development progress, critical power service enhancements, and EV market advancements in key regions like the Netherlands.
Bookmark this page for structured access to Vivopower’s latest announcements, designed to help stakeholders track renewable energy innovations and infrastructure investments. Regular updates ensure you stay informed about long-term power agreements and sustainable technology deployments.
VivoPower International PLC (VVPR) reported its preliminary fiscal year results ending June 30, 2021, showing annual revenues of $40.4 million, a decrease of 16% due to COVID-19 lockdowns. The underlying EBITDA shifted to a loss of ($1.4) million from a profit of $3.9 million in the previous fiscal year. Despite challenges, VivoPower completed the acquisition of Tembo e-LV for $7.1 million and has secured commitments for nearly 5,000 electric vehicle conversion kits. They raised $32 million in equity offerings, reducing net debt to $14.5 million.
VivoPower International PLC (NASDAQ: VVPR) will announce its full-year results for the fiscal year ended June 30, 2021, on August 23, 2021, at 8:00 EDT. CEO Kevin Chin will host an earnings conference call at 8:30 EDT the same day, with live access via phone or webcast. VivoPower specializes in sustainable energy solutions, including battery storage and solar technology, aiming for decarbonization. The company is a certified B Corporation with a global presence in Australia, Canada, the Netherlands, the UK, and the US.
VivoPower International PLC (NASDAQ: VVPR) has signed a Distribution Agreement with Bodiz International Group LLC to supply 350 electric light vehicle (e-LV) conversion kits over the next five years. This agreement is valued at approximately US$29 million and represents VivoPower's fourth major distribution deal in 2021. Bodiz will convert Toyota vehicles into ruggedized e-LVs for various sectors, including mining. The partnership aims to enhance the global distribution of VivoPower’s sustainable energy solutions and support corporate decarbonization efforts worldwide.
VivoPower International PLC (NASDAQ: VVPR) has announced that it has secured full ownership of its solar development portfolio in the U.S. by acquiring the remaining 50% equity interest from Innovative Solar Systems LLC for nominal consideration. This acquisition marks a significant step for VivoPower, allowing it greater control over its solar projects and enhancing its position in the sustainable energy market.
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.
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