EVOLUTION UNVEILS NEW FLEET ELECTRIFICATION PARTNERSHIP WITH VIVOPOWER’S TEMBO UNIT FOR ITS LIGHT UTILITY VEHICLE FLEET

VivoPower is pleased to announce that the Company and its wholly-owned subsidiary, Tembo EV Australia Pty Ltd (“Tembo Australia”), have entered into a Supply Agreement with the Evolution Group Holdings Limited (“EGH”, “Evolution”) for the full electrification of its fleet of light utility vehicles for traffic management and fleet management. Under the definitive agreement, Tembo Australia will convert existing and new vehicles to full electric over the next 5 years, subject to the successful completion of commercial and technical on-road trials, with a target to have the first fully electrified utility vehicle certified and roadworthy in 2023.

Kerry Daly, Non-Executive Chairman of Evolution, said: “Evolution is constantly evaluating opportunities to offer innovative and competitive solutions to its clients and to the industry as a whole. We have one of the largest fleets of vehicles for traffic management services across Australia and New Zealand and being the first to commit fully to the electrification of our vehicles will help to set new eco-friendly standards for the industry. After a review of proposals and capabilities of different electric vehicle conversion companies, the independent board members of Evolution have selected Tembo on the basis of their global experience, capability to deliver, training and change management credentials as well as the broader VivoPower sustainable energy solutions offering.”

Evolution will be the first traffic management company in the world to commit to fleet electrification and repowering, which is in keeping with its objective to deliver cost-effective, sustainable and environment-friendly solutions for clients from both the private and public sectors in Australia and New Zealand.

Gary Challinor, Chief Operating Officer of VivoPower, said: “We are delighted to have been selected for this important agreement and partnership to repower Evolution’s fleet of light utility vehicles for traffic control and fleet management. It is a first for the repowering of an existing fleet in Australia and New Zealand and also a first for the traffic management sector. We are looking forward to working closely with Evolution, not only to provide conversion EV powertrain kits, ruggedisation and customisation, but also importantly to deliver training and change management, as well as complementary sustainable energy solutions”. Sharing some company expansion plans on the occasion, he added: “Tembo is currently evaluating options and in discussions with financiers for establishing assembly facilities in Australia and is considering South East Queensland as a preferred location.”

To read our full article, and to keep up with all of VivoPower’s releases, visit our Press Releases page.

About Evolution Group Holdings

Founded in 2004 and headquartered in Brisbane, Australia, Evolution Group Holdings Limited (EGH) is one of the largest non-government providers of road infrastructure services across Australia and New Zealand, including traffic planning, traffic control, traffic management, training, equipment hire, fleet maintenance and management, and road corridor civil & bridge maintenance. The company has an extensive specialised fleet of over 500 vehicles for its traffic management and fleet management services and has an employee base of over 700 personnel across Australia, New Zealand and the Philippines.

Tembo Announces Definitive Agreement to Supply EV Conversion Kits for 4x4 Electric Light Vehicles in Landmark Deal

Definitive distribution agreement for a minimum of 4,000 kits until December 2027

Represents VivoPower’s largest distribution deal to date for Tembo kits

Definitive agreement increases total commitments and orders to over 10,000 kits

Heralds Tembo’s entry into 2nd hand vehicle repowering market

Total addressable market for 2nd hand vehicle repowering estimated to be worth $110 bn*

VivoPower is pleased to announce that the Company and its wholly-owned subsidiary, Tembo e-LV B.V. (“Tembo”), have entered into a Definitive Distribution Agreement with Energy Trading Company Mauritius (“ETC Mauritius”) to sell, distribute and market Tembo electrification conversion kits for Toyota 4×4 second-hand vehicles in the Republic of Kenya.  

Under the agreement, ETC Mauritius has committed to sell a minimum of 4,000 Tembo e-LV conversion kits from execution of this agreement until 31st December 2027 across various industry sectors in Kenya. ETC Mauritius will be responsible for acquiring Toyota second-hand vehicles, converting the vehicles to ruggedised e-LVs using Tembo solutions, selling the units to end-customers and providing after-sale servicing and maintenance with support from Tembo. 

This agreement marks VivoPower’s largest distribution deal to date for Tembo e-LV conversion kits, based on number of kits. Sectors where the Tembo e-LVs will be used are wide-ranging, including government services, agriculture, tourism and mining. Importantly, VivoPower is also entering the second-hand vehicle market, which represents a considerably larger addressable market than that for conversion of new vehicles and allows for on-road applications of our e-LV kit. 

Tembo’s conversion kits transform diesel-powered Toyota Land Cruiser and Hilux vehicles into ruggedised electric light vehicles for use in mining and other hard-to-decarbonise sectors. Tembo e-LV products are a key component of VivoPower’s turnkey net-zero solutions to assist both government and corporate enterprises accelerate towards their decarbonisation goals. 

Kevin Chin, Executive Chairman and CEO of VivoPower, said: 

“We are delighted to announce this distribution partnership with ETC, given their longstanding and deep ties with both government and the private sector in Kenya. This partnership is a landmark milestone for Tembo e-LV on two fronts: it represents our single largest commitment of future orders for Tembo e-LV conversion kits at all levels within a single country and importantly it heralds our entry into the second-hand vehicle repowering market, which effectively multiplies our total addressable market. We look forward to working closely with the ETC team to deliver our solutions to Kenya, assisting both government and private sector achieve their energy transition goals over the next five years and beyond.” 

Sacha E Cook, CEO of ETC Mauritius, said:  

“We are delighted to become a distributor of Tembo e-LVs in Kenya, which will allow us to play a significant role in achieving our country’s net zero targets by 2030. Having evaluated a number of alternatives, we decided to partner with Tembo, with which we can lead the way to decarbonise key sectors, including mining, public sector, agriculture and tourism across the country. We look forward to becoming part of the Tembo e-LV family and building a solid partnership in the coming years.”

To read our full press release, and to keep up with all of VivoPower’s releases, visit our Press Releases page.

About VivoPower 

VivoPower is an award-winning global sustainable energy solutions company focused on battery storage, electric solutions for customised and ruggedised fleet applications, solar and critical power technology and services. The Company’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower is a certified B Corporation with operations in Australia, Canada, the Netherlands, the United Kingdom, the United States, and the United Arab Emirates. 

About ETC Mauritius 

Energy Trading Company Mauritius currently has investments and operations in clean energy (50% of Rift Gas Ltd, Kenya) and micro mobility company (SKOOT, United Kingdom). The fundamental principle and driving force of the business and its investment portfolio is to contribute to achieving Net Zero across the clean energy and transport sectors.  

All trademarks referenced herein are the property of their respective owners. 

* Source: VivoPower estimate

Contact 

Shareholder Enquiries 

shareholders@vivopower.com 

VIVOPOWER ANNOUNCES MEMORANDUM OF UNDERSTANDING FOR TEMBO ELECTRIC LIGHT VEHICLES IN JORDAN

VivoPower is pleased to announce that the Company and its wholly-owned subsidiary, Tembo e-LV B.V., have entered into a Memorandum of Understanding with a Jordanian Organisation to sell, distribute and market 4×4 Toyota vehicles which have been fully electrified by Tembo (Electrified Vehicles) and/or the Tembo electrification conversion kit for Toyota 4×4 vehicles (Conversion Kits).

Under the proposed agreement, the Jordanian Organisation intends to sell 1,000 Tembo e-LV conversion kits from execution of this agreement until 30th September 2027. The parties to the proposed agreement will work to finalise a Definitive Agreement as soon as practicable, and prior to 31st December 2022, unless the parties agree to an extension. All purchase commitments will be subject to the terms and conditions set forth in the Definitive Agreement.

In October 2021, VivoPower established itself in the United Arab Emirates (UAE) to extend its services to the Middle East and surrounding markets. Today’s announcement is the first significant agreement for the subsidiary and progression of the company’s growth strategy for the region.

Tembo’s conversion kits transform diesel-powered Toyota Land Cruiser and Hilux vehicles into ruggedised electric light vehicles for use in mining and other hard-to-decarbonise sectors. Tembo e-LV products are a key component of VivoPower’s turnkey net-zero solutions for the decarbonisation of corporate and public organisations.

Kevin Chin, Executive Chairman and CEO of VivoPower, said: “We are very pleased to move forward on gaining a new partner for Tembo in the region. This is in line with our strategy to expand our commercial activities and operations in the Middle East, the largest market for Toyota Land Cruisers in the world, and naturally follows the establishment of our local subsidiary for the region in the UAE in October last year. We look forward to cementing this partnership and servicing Jordan with our decarbonisation solutions.”

To read our full press release, and to keep up with all of VivoPower’s releases, visit our Press Releases page.

VIVOPOWER ANNOUNCES ISO14001 CERTIFICATION FOR TEMBO E-LV

VivoPower’s wholly owned subsidiary, Tembo e-LV B.V. (“Tembo”), has been awarded the ISO14001 certification. 

ISO14001 Environmental Management System is a certification given to companies seeking to manage their environmental responsibilities in a systematic manner. The organisation’s management system must be able to contribute to the environmental pillar of sustainability. 

As the ISO describes it, ISO14001 “helps an organisation achieve the intended outcomes of its environmental management system, which provide value for the environment, the organisation itself and interested parties.” 

In addition, Tembo has retained its ISO9001 Quality Management System certification which is given to organisations that demonstrate the ability to consistently provide products and services that meet customer and applicable statutory and regulatory requirements. The company should also aim to enhance customer satisfaction through the effective application of the system. 

Aside from the ISO recommendation, TUV SUD also provided a comprehensive list of opportunities for improvement for Tembo’s processes.  

The next ISO accreditation is scheduled for March 2023.

VIVOPOWER ANNOUNCES TEMBO E-LV ORDER FROM ATLAS IRON, PART OF HANCOCK PROSPECTING

Atlas Iron is a leading iron ore explorer, developer, and producer based out of Western Australia

VivoPower is pleased to announce that its wholly-owned subsidiary, Tembo E-LV, has secured an initial order from Atlas Iron, a leading iron ore mining company based in Perth, Western Australia, and a subsidiary of the Hancock Prospecting Pty Ltd (HPPL). Atlas Iron operates the Mt Webber, Sanjiv Ridge, and Miralga mines.

Under the leadership of the Executive Chairman, Gina Rinehart, HPPL is the most successful private company in Australia’s history, and one of the most successful private mining companies in the world.

Kevin Chin, VivoPower’s Executive Chairman, and Chief Executive Officer, said: “We are delighted to be assisting Atlas Iron in their journey towards electrification and energy efficiency. With the opening of borders across Australia and Southeast Asia, we have been increasing our engagement with other groups and expect to be announcing additional orders in due course.”

To read our full press release, and to keep up with all of VivoPower’s releases, visit our Press Releases page.