Vivopower International Plc - VVPR STOCK NEWS

VivoPower International (Nasdaq: VVPR) announced that its subsidiary, Tembo e-LV, has signed a Definitive Heads of Agreement with Associated Vehicle Assemblers (AVA), East Africa's leading vehicle assembler. The 5-year agreement targets 200 vehicle conversions in the first year and 1,600 over five years across Kenya, Tanzania, and other East African nations.

AVA will distribute and locally assemble Tembo's 100% electric utility vehicle solutions, providing local maintenance and support capabilities. The partnership aims to serve various sectors including mining, agriculture, energy, safari, NGO, defence, and government. AVA's facilities can assemble 30,000 vehicles annually and currently work with major OEMs like Toyota, Fuso, and Volvo.

The agreement complements Tembo's existing partnership with ETC Group in Kenya and supports the region's transition to sustainable transportation. Tembo's next-generation EUV25 electric conversion kits feature reduced pricing due to supply chain improvements, leading to increased market interest.

VivoPower International (VVPR) has announced the activation and extension of its stock buyback program worth up to US$5 million of outstanding ordinary shares. The program, initially announced in April 2024, has been extended by 15 months to June 30, 2026.

The Board of Directors has authorized this capital management strategy, which will be funded through surplus cash receipts and proceeds from business and asset divestitures, including spin-offs and carve-outs. No shares have been repurchased under the program to date.

The company maintains flexibility in the program's execution, with repurchases subject to market conditions, legal requirements, shareholder approval, and other considerations. Purchases may be made through open market or private transactions, including under Rule 10b5-1 plans.

VivoPower International (VVPR) has announced the activation and extension of its stock buyback program worth up to US$5 million of the company's outstanding ordinary shares. The program, initially announced in April 2024, has been extended by the Board of Directors for an additional 12 months until April 3, 2026.

The buyback will be funded through surplus cash receipts and proceeds from business and asset divestitures, including spin-offs and carve-outs. No shares have been repurchased under the program to date. The company maintains flexibility to suspend, terminate, amend, or modify the program without prior notice.

Repurchases will be executed through open market or private transactions, including under Rule 10b5-1 plans, subject to market conditions, legal requirements, shareholder approval, distributable profits availability, and other financial considerations.

VivoPower International (Nasdaq: VVPR) announced that its subsidiary, Tembo e-LV, has signed a definitive supply agreement with Asilia Africa, a leading safari operator, to provide electric vehicle conversion kits for their fleet operations in East Africa. The first phase will begin in February 2025, with Tembo supplying EUV25 EPower conversion kits for Asilia's Landcruisers, with assembly to be completed locally in Kenya.

Asilia Africa, established in 2004, operates 16 camps across Kenya and Tanzania, employing nearly 1,000 people and managing 165 Landcruisers. The partnership aims to reduce diesel consumption and carbon emissions by replacing diesel-powered vehicles with electric utility vehicles in remote safari camps. This initiative aligns with Asilia's goal of achieving carbon neutrality by 2025 and VivoPower's mission to deliver sustainable energy solutions.

VivoPower International (Nasdaq: VVPR) announced that its subsidiary, Tembo e-LV, will begin accepting Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE) as payment methods for deposits and orders. Operating across Asia, the Middle East, Africa, Oceania, Europe, and North America, Tembo aims to provide customers and partners with enhanced payment flexibility while potentially improving its working capital cycle through instantaneous settlements.

The company plans to incorporate these digital assets into its corporate treasury management strategy, with the possibility of holding reserves in these cryptocurrencies subject to market assessments and risk management considerations. VivoPower has implemented a secure payment architecture to ensure compliant digital currency transactions.

VivoPower International (Nasdaq: VVPR) announced that its subsidiary, Tembo e-LV, will receive 25 Tusker electric utility vehicles in Sydney, Australia by February 2025. The delivery includes next-generation models with enhanced features such as electronic park braking, uphill drive assistance, fixed speed cruise control, and a 12.3-inch center console screen.

The Tusker vehicles, which received full Australian Federal Government vehicle type approval (VTA) in November 2024, come with a 3-year OEM warranty and 8-year battery warranty from CATL. All 25 vehicles have been pre-allocated due to strong customer demand. Tembo is assisting fleet owners in securing NSW government fleet incentives of up to A$15,000 per vehicle.

The VTA approval is important for the Australasian pick-up truck market, estimated at US$10 billion, as it ensures compliance with safety, environmental, and anti-theft standards for public road use.

VivoPower International (Nasdaq: VVPR) announced that its subsidiary, Caret Digital, has started Dogecoin mining operations in Wisconsin using Antminer L9 rigs. Based on current market conditions, Caret Digital could potentially generate annual revenues of up to $25 million and cash EBITDA of up to $12 million, though these figures are subject to price and cost volatility.

The company plans to sell most of the mined Dogecoin rather than hold them. Any free cashflow will be reinvested into VivoPower's Tembo e-LV business. Additionally, Caret Digital is developing up to 55MW of renewable-powered mining capacity for Dogecoin and Litecoin mining, which could potentially generate revenues of up to $150 million annually based on current market conditions.

VivoPower International's subsidiary Caret Digital has secured a CAD$140 million (approximately US$100m) binding investment commitment from GEM Global Yield SCS (GGY). The investment, structured as a share subscription facility, requires Caret Digital to list on a Canadian stock exchange, with GGY's shareholding capped at 9.9%.

The funds will be invested at the Caret Digital subsidiary level, avoiding dilution for VivoPower shareholders. The investment will support Caret Digital's Power-to-X (P2X) strategy, which includes two phases: first, building data centre infrastructure for DOGE coin mining, and second, developing AI-enabled data centres. VivoPower shareholders previously approved a spin-off of Caret Digital and a special dividend during the December 2023 Annual General Meeting.

VivoPower International PLC (VVPR) has been recognized among the Real Leaders Top Impact Companies for 2025, marking its fifth consecutive year on the list. The company earned this distinction among over 300 applicants from 15+ countries, evaluated on growth, revenue, and six I.M.P.A.C.T. pillars: Intention, Model, People, Accountability, Collaboration, and Transformation.

As a certified B , VivoPower specializes in sustainable energy solutions, including electric vehicle fleet solutions, renewable energy systems, and energy storage solutions. The 2025 competition implemented stricter criteria, including higher revenue thresholds and more rigorous impact evaluations, highlighting companies that demonstrate authentic leadership and purposeful business practices.