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) generates news across sustainable energy solutions, electric mobility, digital infrastructure, and digital assets. Company announcements describe a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia, and highlight three core business units: Tembo, Caret Digital, and Vivo Federation. News items frequently reference the company’s Power-to-X strategy and its focus on Sovereign AI computing, where power, land, and compute infrastructure are combined for energy-intensive applications.
On this page, readers can follow updates on Tembo, VivoPower’s electric mobility subsidiary that provides 100% electric utility vehicles and electrification solutions for ruggedized and customized fleet applications. Recent releases have covered distribution and assembly agreements in regions such as East Africa, as well as progress in markets including Africa, Australia, and the Philippines.
News related to Caret Digital often involves power-to-x initiatives, digital asset mining, and AI data center infrastructure projects, including references to energized data center facilities powered by renewable energy and plans to develop Sovereign AI hubs. These stories provide insight into how VivoPower seeks to pair low-cost, sustainable power with compute-intensive workloads.
Updates on Vivo Federation, the company’s digital asset arm, focus on XRPL-based real-world blockchain applications and exposure to Ripple Labs shares and XRP tokens. Announcements have included joint venture agreements with asset managers and partnerships aimed at building XRP-focused digital asset reserves and tokenization projects.
Investors and observers can use this news feed to review corporate developments such as advisory council appointments, strategic refocus announcements, digital treasury initiatives, and regulatory or governance updates disclosed through press releases and SEC-related communications.
VivoPower International PLC (Nasdaq: VVPR) has signed a definitive agreement to acquire a 51% stake in Tembo e-LV B.V. for USD $4.7 million. Tembo specializes in battery-electric off-road vehicles and generated USD $2.3 million in revenue for FY 2019. The acquisition aims to enhance VivoPower's capacity in commercial fleet electrification, targeting a potential global market of at least USD $36 billion. VivoPower plans to leverage this partnership to accelerate sustainable energy solutions, particularly in the mining and utilities sectors.
VivoPower International PLC (Nasdaq: VVPR) has appointed Matthew Nestor as Sales Director for North America, focusing on its sustainable energy solutions (SES) in the U.S. and Canada. Nestor brings over 15 years of experience in selling complex enterprise technology, having worked with Fortune 500 companies. This appointment aims to enhance VivoPower's presence in the lucrative North American mining and infrastructure markets. The company has also secured new office leases in Virginia and Toronto and plans to expand its team to support the SES rollout.
VivoPower International PLC (NASDAQ: VVPR) announced the appointment of Kim Lawrence to its Advisory Council. Based in Brisbane, Australia, Lawrence is recognized for her expertise in clean technology and renewable energy, holding several positions, including on the Australian Renewable Energy Agency Advisory Panel. With a background in investment banking and extensive experience in energy and mining, her insights are expected to enhance VivoPower’s strategy in electric vehicles and battery storage. Executive Chairman Kevin Chin expressed optimism about her contributions to the company's growth.
VivoPower International PLC (NASDAQ: VVPR) has appointed Kim Lawrence to its Advisory Council, enhancing its focus on clean technology and renewable energy. Based in Brisbane, Australia, Lawrence brings extensive experience in battery storage, electric vehicles, and energy sectors. Her previous roles include leadership positions at Clean Energy Finance Corporation and Low Carbon Australia. Kevin Chin, Executive Chairman and CEO, emphasized that her expertise is vital for VivoPower’s strategic growth in sustainable energy solutions, particularly in Australia.
VivoPower International PLC (NASDAQ: VVPR) announced a non-binding Letter of Intent to acquire a 51% stake in Tembo 4x4 e-LV B.V. for USD$4.7 million. Tembo specializes in battery-electric and off-road vehicles for various sectors including mining and humanitarian aid. In 2019, Tembo reported revenues of USD$2.3 million with an EBITDA loss of USD$0.2 million. This acquisition aims to broaden VivoPower’s market presence beyond mining and enhance its Electric Light Vehicles portfolio, tapping into a potential global market of USD$36 billion.
VivoPower International PLC (NASDAQ: VVPR) announced the formation of the VivoPower Advisory Council to support its transition to electric vehicles and sustainable energy. The council's first member is Eric Achtmann, an experienced executive notable for his role in the transformation of Costa Coffee. CEO Kevin Chin emphasized Achtmann's diverse expertise in innovation and the mobility sector as key to driving VivoPower's strategy. The company aims to enhance its capabilities in electric vehicle production and sustainable energy solutions.
VivoPower International PLC (Nasdaq: VVPR) reported record annual revenues of $48.7 million for the fiscal year ending June 30, 2020, marking a 12% increase from the previous year. The company's adjusted EBITDA showed a significant turnaround, rising by $7.7 million to reach $3.9 million. Despite challenges posed by COVID-19 lockdowns, gross profit rose by 28%. Although the statutory net loss was ($5.1 million), this is less than the ($11.3 million) loss reported in FY19. VivoPower is also pivoting to the electric vehicle market, focusing on light electric vehicles for the mining and infrastructure sectors.
VivoPower International PLC (NASDAQ: VVPR) has announced an earnings conference call scheduled for August 24, 2020, at 16:30 EDT. The call will be led by Kevin Chin, Executive Chairman and CEO, along with other company leaders. Interested participants must register via the provided link. The call will also be recorded and accessible on the company’s investor relations website.
VivoPower specializes in solar energy and critical power services, offering solutions for energy generation and distribution to various commercial and industrial clients.
VivoPower International PLC (NASDAQ: VVPR) announced that its Australian subsidiary, J.A. Martin Electrical Pty Limited, secured a contract with Carroll Cotton Company. The contract, valued at AUD$20 million, involves engineering, switchboards, and installation for a new cotton gin in New South Wales. The project is set for completion by March 2021 and will enable the gin to produce 100,000 tonnes of cotton annually, representing 10% of Australia's total crop. This contract strengthens J.A. Martin's role in the solar and electrical power sector within the Australian agriculture industry.
VivoPower International PLC (NASDAQ: VVPR) announced it will release its full-year results for the fiscal year ending June 30, 2020, on August 24, 2020, at 09:00 EDT. An earnings conference call hosted by Executive Chairman Kevin Chin is scheduled for the same day at 16:30 EDT. The company has also unveiled a new logo and updated website to enhance its brand presence. VivoPower specializes in solar and critical power services, focusing on energy infrastructure solutions for commercial and industrial sectors.
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