VivoPower Sets Record Date for Special Dividend Distributions Relating to Tembo Transactions

Shareholders as at the ex-dividend date of 12 June 2025 will be eligible to receive any potential special dividend distributions relating to Tembo transactions

Corresponding record date will be 13 June 2025

LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) today announced that it has set an ex-dividend date of 12 June 2025 pertaining to any potential future dividend distributions regarding transactions involving Tembo e LV B.V. (“Tembo”).

Shareholders who hold VivoPower shares as of the close of business on 12 June 2025 will be entitled to receive any potential future special dividend distributions relating to Tembo. Shareholders purchasing VivoPower shares on or after the ex-dividend date will not be eligible for the distribution.

Any potential future special dividend distributions relating to the Caret business unit will be advised separately.

Further details regarding potential special dividend distributions, including the amount and ratio will be provided when appropriate. There is no guarantee that any special dividend distributions will be made.

About Tembo

Tembo electric utility vehicles (EUVs) are a 100% electric solution for ruggedized and/or customized applications for fleet owners in the mining, agriculture, energy utilities, defense, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners, helping to perpetuate useful life, reduce costs, maximize return on assets, and meet ESG goals, and seeks to further the circular economy. Tembo is a subsidiary of VivoPower, a Nasdaq-listed B Corporation.

About VivoPower

VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise. The Company’s new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.

Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.

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VivoPower Receives Revised US$200 Million Enterprise Value Non-Binding Proposal from Energi Holdings For 51% Direct Acquisition of Tembo e-LV

Revised enterprise value of US$200 million for 51% of Tembo e-LV is an increase versus the US$180 million enterprise value offered for 80% of the non affiliated shares of VivoPower

Energi will support Tembo’s business combination with Cactus Acquisition Corp 1 Limited at an equity valuation of US$838 million

LONDON, May 29, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (“VivoPower” or the “Company”) today announced it has received a revised non-binding proposal from Energi Holdings Limited (“Energi”) for a direct strategic acquisition of VivoPower’s subsidiary, Tembo e-LV B.V. (“Tembo”). This follows the announcement by VivoPower on 28 May 2025 in relation to its strategic capital raising and digital asset treasury strategy.

The revised proposal from Energi outlines an intention to acquire a 51% controlling stake in Tembo. This proposed acquisition is based on a total enterprise valuation for 100% of Tembo of US$200 million, with the equity purchase price for the 51% stake to be derived from this enterprise valuation, adjusted for Tembo’s net debt and other customary adjustments at the time of closing.

Energi has expressed its continued support for Tembo’s planned business combination with Cactus Acquisition Corp. 1 Limited (“CCTS”). Energi has indicated its preparedness to work constructively with VivoPower and Tembo to structure its investment to facilitate the successful completion of the business combination, envisioning rolling its 51% stake into the combined entity. VivoPower would continue to retain a significant shareholding in Tembo should the business combination be successfully consummated.

The Company is committed to optimizing its capital structure and delivering value to its shareholders. In line with this commitment, net proceeds received from strategic transactions, such as the potential partial sale of its interest in Tembo as contemplated by the Energi proposal, would be prioritized for uses including the retirement of debt. The VivoPower board of directors will continuously evaluate the best use of capital, including the potential return of any surplus funds thereafter to shareholders.

The revised proposal from Energi is non-binding and indicative. VivoPower is evaluating the proposal. It is subject to several conditions, including the satisfactory completion of due diligence by Energi, the negotiation and execution of mutually acceptable definitive legal documentation, approval from the VivoPower board of directors and any required VivoPower shareholder approvals.

There can be no assurance that any definitive agreement will be reached with Energi or that the proposed transaction will be consummated on the terms described, or at all. VivoPower does not intend to make any further announcements regarding this proposal unless and until it determines that further disclosure is appropriate or required.

About VivoPower International PLC

About Tembo e-LV B.V.

Tembo e-LV B.V. ("Tembo") is a subsidiary of VivoPower. Tembo is a specialist battery-electric and off-road vehicle company that designs and delivers ruggedized light electric vehicle solutions for fleet owners across various industrial sectors, including mining, agriculture, energy utilities, defense, police, government, and humanitarian aid. Tembo’s core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners globally.

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VivoPower Advances US$200 Million Tembo Transaction Following Completion of Second Phase of Due Diligence by Energi Holdings

Energi Holdings proposes to acquire 51% of Tembo based on a total enterprise value of US$200 million

Parties now agree to work towards negotiating binding transaction documents with a view to early closing

Board concurrently evaluating special dividends and/or capital return to shareholders

LONDON, June 03, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) today announced that Energi Holdings Limited (“Energi”) has advised the Company of the completion of the second phase of due diligence in connection with the previously disclosed Tembo proportional acquisition at a total enterprise value of US$200 million.

Energi, headquartered in Abu Dhabi, is a global energy solutions company with US$1 billion in annual revenues and operations spanning the Middle East, Africa, South Asia, Europe, and Southeast Asia (Energi).

Consequently, both parties now agree to work towards negotiating a final transaction structure and binding transaction documents with a view to an early closing. In addition, the parties have agreed that completion of the Tembo merger with Cactus Acquisition Corp. 1 Ltd (CCTSF) with the intention to complete a separate public listing of Tembo is in the best interests of both parties.

In accordance with previous announcements, the VivoPower board will concurrently evaluate the optimal use of investment proceeds, which may include the return of capital or the payment of a special dividend to shareholders.

About VivoPower

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Tembo Secures Definitive Order from The Safari Collection in Africa

The Safari Collection is a world-renowned luxury safari company and owner of the Giraffe Manor

This is another leading safari company in Africa that has placed an order with Tembo

The first order was from Asilia Africa announced in February 2025

Tembo's solutions selected to drive sustainable safari experiences across Kenya

LONDON, April 28, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that its wholly-owned subsidiary, Tembo e-LV, has secured an inaugural order for its EV conversion kits from The Safari Collection, owner of luxury properties in Kenya, including the Giraffe Manor, Sasaab, Sala's Camp and Solio Lodge.

Established in 2009 by conservationists and safari entrepreneurs, Tanya and Mikey Carr-Hartley, The Safari Collection is a privately owned portfolio of distinctive luxury camps and lodges set in some of the most breathtaking locations across Kenya. Born from a deep passion for sharing the magic of Africa with the world, the company has grown into a leading name in bespoke safari experiences. With a strong focus on sustainable environmental practices and community empowerment, The Safari Collection plays a vital role in creating meaningful economic opportunities for the people of Kenya, all while preserving the extraordinary natural heritage of the region.

Tanya Carr-Hartley, Co-Founder of The Safari Collection, said: “At the Safari Collection, our commitment to preserving Kenya’s wild beauty goes hand in hand with innovation. Partnering with Tembo to electrify our vehicle fleet is a natural extension of our mission – to offer world-class safari experiences while treading lightly on the land we so deeply cherish. This is not just about mobility; it’s about sustainability, legacy, and protecting the places we love for future generations.”

Mikey Carr-Hartley, Co-Founder of The Safari Collection, said: “Our lodges are located in some of the most pristine, remote landscapes in Africa. Switching to electric safari vehicles helps ensure these extraordinary ecosystems remain intact – not only for our guests today, but for our children tomorrow. After having evaluated a number of alternative options, we decided to proceed with Tembo as their solutions were superior and more cost effective than other offerings in the market.”

Matthew Nestor, VivoPower’s Global Head of Partnerships and Sales, said: “We’re thrilled to partner with The Safari Collection, an organisation whose values of conservation, innovation, and local stewardship closely mirror our own. By electrifying their safari fleet, they’re not just leading by example in eco-tourism, but also proving that luxury and sustainability can go hand in hand, even in the most rugged environments.”

About VivoPower

Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

About Tembo

Tembo electric utility vehicles (EUVs) are a 100% electric solution for ruggedised and/or customised applications for fleet owners in the mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners, helping to perpetuate useful life, reduce costs, maximise return on assets, meet ESG goals and seeks to further the circular economy. Tembo is a subsidiary of VivoPower, a Nasdaq-listed B Corporation.

About The Safari Collection

Founded by Tanya and Mikey Carr-Hartley in 2009, The Safari Collection is a family-run portfolio offering immersive experiences at six unique properties in the finest locations in Kenya. The Carr-Hartleys are a family passionate about adventure, the spectacular un-spoilt wilderness areas of their home country and protecting it for future generations. It is from this pioneering spirit and love for Kenya’s wildest corners that The Safari Collection was born. The energy and passion of their dynamic team flows through everything that they do. The Safari Collection's authentic, first-hand knowledge spans the entire region to create unique, cutting-edge experiences.

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Tembo Signs Definitive Distribution Agreement with the Kingdom of Saudi Arabia’s Green Watt Worth up to an Estimated US$85 Million over 5 Years

Agreement with Green Watt represents Tembo’s first deal in fast growing Saudi Arabian market

Green Watt has signed agreement with Tembo to sell and distribute 1,600 Tembo EUV units in the Kingdom of Saudi Arabia (KSA) up to 2030

Green Watt’s customer base includes Aramco, the world’s largest oil company, Halliburton, Honeywell, Baker Hughes and the Saudi Electric Company

LONDON, April 11, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”) announced today that its subsidiary, Tembo e-LV (“Tembo”), has signed a Definitive Distribution Agreement (“Agreement”) worth up to an estimated US$85 million with leading Saudi Arabian energy and environmental solutions provider Green Watt to sell and distribute 1,600 Tembo electric utility vehicle (EUV) units across the Kingdom of Saudi Arabia over the next five years.

Green Watt is a KSA-based company established in 2016 and specializes in the areas of renewable energy, energy conservation, and environmental sustainability. With strong emphasis on environmental protection, quality and transparency, Green Watt assists its clients to achieve their financial and environmental objectives. By implementing energy conservation measures (ECMs), Green Watt ensures reduced power consumption, reduced cost and carbon footprint. In addition to that, Green Watt provides solutions ranging from stand-alone PV systems to complex hybrid applications. Customers of Green Watt include Aramco, Halliburton, the Saudi Electric Company, Honeywell, Baker Hughes, JAL International, and Al Mansoori, among others.

The strategic distribution agreement between VivoPower and Green Watt reflects both companies' shared commitment to advancing sustainable energy solutions in the Kingdom of Saudi Arabia.

Saudi Arabia presents an opportunity for corporate partnerships in sustainable energy solutions, driven by strong government support and ambitious carbon reduction targets aligned with global sustainability goals. The widespread use of ruggedized utility vehicles, such as the Land Cruiser 70 series, by law enforcement and government agencies, as well as the mining, oil and gas and other industrial sectors means there is a significant addressable market for electrification.

With numerous agencies and corporates operating under vehicle lease structures, converting used Land Cruisers to electric and re-leasing them offers a practical, cost-effective pathway to electrification. This model not only lowers operational costs but also supports the KSA’s transition to a greener economy.

Nazir Muhammad, CEO of Green Watt, said: “At Green Watt, we believe in electrifying the future of mobility, not just in words but in action. Our partnership with Tembo marks a decisive step towards cleaner, smarter transportation solutions across emerging markets. Together, we’re not only reducing emissions but also empowering communities with sustainable technologies that work for people and the planet.”

Matthew Nestor, Director, Head of Global Partnerships at VivoPower, said: “This partnership with Green Watt is a strategic milestone in our mission to deliver turnkey sustainable energy solutions to the Kingdom of Saudi Arabia. Nazir and the Green Watt team share our commitment to decarbonizing transport in a commercially viable and socially impactful way. By joining forces, we’re accelerating the deployment of Tembo’s electrification technology in a country committed to decarbonisation, where it can make a transformative difference.”

About VivoPower

About Tembo

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VivoPower Provides Further Updates with Respect to Non-Binding US$180 Million Takeover Proposal and Business Unit Spin-Offs

VivoPower to remain listed on Nasdaq and spin-off Tembo and Caret Digital as part of a revised US$180 million takeover proposal

Energi Holdings has amended takeover proposal to be a proportional offer to acquire 80% of the unaffiliated free float shares of VivoPower, subject to completion of due diligence

VivoPower free float shares would consequentially be reduced by 80% with Energi Holdings becoming the largest shareholder

Energi to be supportive of two VivoPower business spin-offs: Tembo SPAC merger with an equity value of $838 million and Caret Digital spinoff with an implied market cap of $250 million

LONDON, April 09, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") announced today that Energi Holdings Limited (“Energi”) has amended its non-binding takeover proposal to be a proportional offer to acquire 80% of the unaffiliated free float shares of VivoPower. Energi would consequentially become the largest and majority shareholder of VivoPower, whilst the unaffiliated free float would reduce by 80%.

Energi also agreed that it will be supportive of VivoPower’s plans to complete the Tembo SPAC transaction and the Caret Digital spin-off.

This announcement represents a clarification update on the prior unsolicited, non-binding all-cash offer made by Energi to acquire all non-affiliated free float shares of VivoPower. Energi is an Abu Dhabi-headquartered energy solutions company established in 2014. Energi has US$1 billion of revenues and offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia (www.energi.ae) The proposed transaction is subject to, among other things, satisfactory completion of due diligence and the negotiation and execution of a definitive transaction document. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated on the terms currently contemplated, or at all.

Tembo SPAC

VivoPower continues to work closely with CCTSF (“Cactus Acquisition Corp. 1 Limited”), a Cayman Islands-exempted special purpose acquisition company (SPAC), to progress towards a closing of the previously announced business combination with Tembo by Q2, calendar 2025.

Caret Digital IPO

VivoPower plans to spin out Caret Digital through a direct listing IPO on either the Nasdaq or NYSE American market. It is proposed that VivoPower shareholders at a record date to be advised will be entitled to receive five (5) shares of Caret Digital for each VivoPower share held. The implied market capitalisation for Caret Digital is $250 million (subject to change based on market conditions and other factors). Caret Digital’s strategy will initially focus on cryptocurrency mining, with an emphasis on mining Dogecoin (DOGE). Leveraging DOGE mining economics, the company will convert mined DOGE into Bitcoin (BTC), securing BTC at an effective discount to its current market price.

About VivoPower

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VivoPower Confirms Continuation of Proposed US$180 Million Takeover Process: US Tariffs Not Expected to Affect Tembo Business

VivoPower and Energi Holdings, which has made an all-cash offer at a premium to market to acquire the Company, are progressing to the next step—the exclusive due diligence period

Review of the proposed US tariffs announced by President Trump suggests that they are not expected to affect the Tembo electric vehicle business

LONDON, April 07, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) ("VivoPower" or the "Company") confirmed today with Energi Holdings Limited (“Energi”) that both parties will continue to progress with the next steps of the takeover process, being the exclusive due diligence period.

An unsolicited all-cash offer to acquire all non-affiliated free float shares of VivoPower was made in March by Energi, an Abu Dhabi-headquartered energy solutions company established in 2014. Energi has US$1 billion of revenues and offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia (www.energi.ae) VivoPower management has also conducted an initial review of the proposed US tariffs announced by President Donald Trump and does not expect these tariffs to have any adverse effect on the Tembo electric vehicle business. Tembo’s strategy has and will continue to focus on larger addressable markets outside of the United States for its electric vehicle solutions encompassing off-road, ruggedised on-road and public utility vehicles. Tembo does not currently have customers, partners, or suppliers in the United States.

About VivoPower

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VivoPower Provides Update on Non-Binding Takeover Offer at Enterprise Value of US$180 Million and Tembo Business Combination Agreement at Combined Enterprise Value of US$904 Million

LONDON, April 02, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") hereby provides an update on the non-binding takeover offer from Energi Holdings Limited (“Energi”) to acquire the non-affiliated shareholders of VivoPower at an enterprise valuation of US$180 million and the Tembo business combination agreement with Cactus Acquisition Corporation 1 Limited (“CCTS”) at a combined enterprise valuation of US$904 million, assuming no public trust redemptions for CCTS.

As announced on 26 March 2025, VivoPower’s board was targeting the completion of negotiations on price, terms and conditions with Energi by 2 April 2025. This has been achieved with an increase in the original takeover enterprise value of US$120million to US$180million subject to a due diligence exclusivity period being granted and the completion of due diligence by Energi. Both parties are collaborating to complete the due diligence process as efficiently as possible, with the goal of finishing before the 8-week deadline.

VivoPower will also continue to work towards filing an F-4 registration statement with the U.S. Securities and Exchange Commission (SEC) in relation to the Tembo business combination agreement and is intending to file within the month of April 2025. An update on any Tembo dividend share entitlement for VivoPower shareholders will be provided in due course.

The board of VivoPower will continue to provide updates to the market on a timely basis.

About VivoPower

Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonization solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

Tembo E-LV Progresses Business Combination Agreement with CCTS at a Combined Enterprise Value Of US$904m

Business Combination Agreement with CCTS originally announced in August 2024

Combined pro forma enterprise value of US$904m assumes no public trust redemptions for CCTS

Parties working to close the transaction by Q2, calendar 2025

Tembo E-LV, a subsidiary of Nasdaq-listed B Corporation, VivoPower, today announced that it is working closely with CCTS (Cactus Acquisition Corp. 1 Limited), a Cayman Islands exempted special purpose acquisition company to progress towards a closing of the Business Combination by Q2, calendar 2025.

The parties originally announced a Business Combination Agreement (BCA) in August 2024 with an original target of closing the Business Combination by the end of calendar 2024. However, as a consequence of new rules relating to special purpose acquisition company transactions, the parties took the opportunity to work with respective counsel to review the transaction structure. This has now been completed, and work has resumed in relation to finalization of the registration statement on Form F-4, to be filed with the U.S. Securities and Exchange Commission (SEC).

The parties expect a registration statement on Form F-4 to be filed shortly with the SEC in connection with the proposed transaction (the Business Combination), which they are working to close, subject to satisfaction (or waiver, as applicable) of closing conditions, including, without limitation, the completion of the SEC review process and approval of the transaction by CCTS shareholders, prior to the end of Q2, 2025.

The BCA was entered into by the parties following due diligence and receipt by the CCTS board of directors of a fairness opinion from an independent third party.

In connection with the Business Combination, the parties will submit to Nasdaq an application to list the securities of a newly formed company (Tembo Group) established in connection with the transaction on Nasdaq.

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

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Tembo Signs Heads of Agreement with East Africa’s Leading Vehicle Assembler, Associated Vehicle Assemblers Ltd (AVA)

5-year agreement targeting 200 vehicle conversions in first year and 1,600 over five years

Provides local sales, service, and maintenance, further boosting Tembo’s position in the East African market, a population exceeding 500 million people

AVA’s vehicle assembly facilities have the capacity to assemble 30,000 vehicles per annum

AVA currently assembles vehicles for leading OEMs including Toyota, Fuso, Proto, Hino, Mahindra, Scania, Tata, Volvo, and Daewoo

Established in 1975, AVA is the only assembler in the region to have achieved IATF16949 Certification

VivoPower announced today that its subsidiary, Tembo e-LV, has signed a Heads of Agreement with Associated Vehicle Assemblers (AVA), East Africa’s market-leading vehicle assembler.

The Agreement covers Kenya, Tanzania, and other East African nations. With a population exceeding 500 million people, East Africa is the largest sub-region in Africa and home to the United Nations headquarters for Africa.

Under the terms of the Agreement, AVA is empowered to both distribute and locally assemble Tembo’s 100% electric utility vehicle (EUV) solutions across East Africa for customers in the mining, agriculture, energy, safari, non-government organisation (NGO), defence, and government sectors. Crucially, it provides customers and partners in the East African region with local maintenance and support capabilities. This Agreement augments a previous partnership agreement that Tembo signed with ETC Group in relation to Kenya specifically.

The Agreement reflects both companies’ commitment to supporting Kenya’s transition to sustainable transportation and creating value and jobs in local economies across East Africa.

“We are seeing an acceleration in demand for electric vehicles across East Africa, from both government and private sector companies,” stated Matt Lloyd, CEO of AVA. “Having conducted an expansive review of electric conversion companies, we selected Tembo based on their experience, their cultural adaptability as well as the fact they have the most competitively priced products and solutions which also meet our quality and safety standards. Our team is excited to welcome Tembo’s engineers to Kenya in April 2025 as we kickstart the first assemblies for the Kenya market.”

“With the new and reduced pricing for our next-generation EUV25 electric conversion kits, we have seen a surge in interest from new and existing customers and partners. This is a direct consequence of Tembo’s strategy to diversify and strengthen its supply chain which has translated into a significant reduction in costs, without sacrificing quality and safety,” commented Matthew Nestor, Tembo’s Head of Partnerships and Sales. We are delighted to have been selected to partner with AVA, who are the pre-eminent vehicle assembler in East Africa.”

Kevin Chin, Executive Chairman and Chief Executive Officer of VivoPower, stated, "We are honoured to be partnering with AVA. This is part of a considered and patient strategy we have been executing upon globally to identify and build partnerships with long-established and credible leaders in their respective markets who are genuinely aligned in terms of values and like us, have a long-term commitment to deliver electrification solutions and transformation to entire nations."

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

About AVA

Associated Vehicle Assemblers Ltd. (AVA) is East Africa’s leading vehicle assembler, with decades of experience in producing high-quality vehicles tailored to meet the unique needs of the region. Based in Mombasa, AVA has established itself as a trusted partner for global automotive brands, providing state-of-the-art assembly services and technical expertise. AVA’s commitment to quality, innovation, and sustainability has made it a key player in Kenya’s automotive industry, driving economic growth and supporting the transition to more sustainable transport solutions. As a pioneer in the region, AVA continues to lead the way in assembling vehicles that meet the highest global standards while catering to local market demands.

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Tembo signs Definitive Supply Agreement with pre-eminent African safari operator Asilia Africa

First phase of Definitive Supply Agreement will see Tembo deliver its EUV25 EPower conversion kits for Asilia’s fleet of Landcruisers, commencing from February 2025

Partnership will establish Asilia Africa and Tembo e-LV as key enablers of sustainable tourism in Africa, with a goal to scale across Asilia’s 16 camps and broader industry networks

Tembo’s 4x4 electric utility vehicles, renowned for durability in extreme conditions, will transport guests, staff, and supplies while operating entirely on renewable energy

Initiative is expected to reduce Asilia’s annual diesel consumption and carbon emissions, advancing both companies’ net-zero goals

Partnership reinforces Asilia Africa and VivoPower’s commitment to ESG leadership as fellow Certified B Corporations

VivoPower announced today that its wholly-owned subsidiary, Tembo e-LV, has entered into a definitive supply agreement with the pre-eminent safari operator and fellow Certified B Corporation, Asilia Africa, to deploy Tembo’s ruggedized electric utility vehicles across Asilia’s safari operations in East Africa, marking a transformative step toward decarbonizing the tourism sector in Africa.

Under the first phase of the agreement, Tembo will supply its next-generation EUV25 EPower conversion kits, with the first delivery scheduled for the end of February 2025. Assembly will be completed locally in Kenya.

Established in 2004, Asilia Africa has become a renowned leader in immersive safari experiences across East Africa. It is committed to delivering exceptional safaris while safeguarding the region’s ecosystems and wildlife. Asilia owns 16 bespoke camps and lodges across Kenya and Tanzania, employing nearly 1,000 people. It operates 165 Landcruisers as part of its vehicle fleet. Asilia is a member of the Nawiri Group, a B Corp Certified organization dedicated to sustainable, community-driven impact in East Africa.

The definitive supply agreement between VivoPower and Asilia underscores a shared commitment to environmental stewardship, social responsibility, and innovation—core tenets of the B Corporation certification held by both companies.

The partnership aligns with VivoPower’s mission to deliver sustainable energy and transportation solutions that enhance operational resilience and cost savings while reducing carbon footprints. It also builds upon Asilia’s goal of achieving carbon neutrality by 2025 while preserving the pristine ecosystems central to its business. Tembo’s purpose-built electric utility vehicles (EUVs) will replace diesel-powered fleets in Asilia’s remote safari camps, eliminating emissions, noise pollution, and operational reliance on fossil fuels in ecologically sensitive regions.

Matthew Nestor, VivoPower’s Global Head of Partnerships and Sales, said: “We are delighted to have been selected by Asilia as their fleet electrification partner. This partnership exemplifies how aligned values drive meaningful progress in sustainability. Asilia’s leadership in eco-conscious tourism and Tembo’s ruggedized EV technology combined, can prove that electrification will be effective even in the most challenging environments—protecting wildlife, supporting local communities, and offering guests a cleaner, quieter safari experience.”

Gerard Beaton, Head of Operations, Asilia Africa, said: “Asilia Africa is committed to pioneering sustainable tourism solutions that protect and preserve the incredible ecosystems we call home. We are very pleased to be partnering with a fellow B Corporation in VivoPower and Tembo as we accelerate our plans of reducing our environmental footprint while enhancing the safari experience for our guests. By integrating Tembo’s electric utility vehicles into our fleet, we can not only lower our carbon emissions but also contribute to the long-term sustainability of Africa’s wilderness. This collaboration reflects our dedication to responsible tourism, innovation, and community-driven impact, ensuring that future generations can continue to experience the magic of East Africa’s landscapes and wildlife.”

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

About EUV25 EPower conversion kit

The EUV25 EPower kit is the latest electric conversion kit for Landcruisers, specifically designed to accommodate rugged off-road terrain and conditions, as well as heavy payload. Tembo’s EUV25 builds on the legendary design of the Land Cruiser LC70, which has been an iconic and ubiquitous mode of transportation throughout Africa. Because of its rugged reliability and adaptability to challenging terrains, the LC70 has secured its place as the vehicle of choice traversing vast deserts, remote areas, and mountainous landscapes. Its durable design and ability to withstand extreme temperatures has made it indispensable for industries such as remote ecotourism, resources exploration, agriculture, and logistics.

About Asilia Africa

Founded in 2004 on a deep-rooted passion for conservation and community empowerment, Asilia Africa has been a leader in immersive safari experiences across East Africa for decades. True to its Swahili name—meaning “authentic” and “genuine”—Asilia is committed to delivering exceptional safaris while safeguarding the region’s ecosystems and wildlife.

Since its origins with Rekero Camp in 1986 and Oliver’s Camp in 1992, Asilia has grown into a premier safari operator with 16 bespoke camps and lodges across Kenya and Tanzania, employing nearly 1,000 people. The company harnesses the power of tourism to create lasting positive change, from responsibly sourcing energy and materials to supporting local communities and conservation initiatives.

Asilia is a proud member of the Nawiri Group, a B Corp Certified organization dedicated to sustainable, community-driven impact in East Africa. Through meaningful partnerships and a steadfast commitment to responsible travel, Asilia continues to inspire the next generation of adventurers and conservationists alike.

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Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners

Tembo operates across international markets, including Asia, the Middle East, Africa, Oceania, Europe and North America

Increasing adoption of digital assets and currencies across these markets enables Tembo to provide these payment options, with potential benefits to its working capital cycle

LONDON, Jan. 31, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") announced today that its subsidiary, Tembo e-LV will commence accepting payments for deposits and orders in Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE).

The primary rationale is to provide customers and partners with added flexibility as to how to pay Tembo for goods and services provided. With instantaneous settlement, it has the potential to shorten the working capital cycle for the Company.

VivoPower will incorporate these selected digital assets into its corporate treasury management strategy. The Company’s treasury may elect hold a portion of its reserves in Bitcoin, XRP, and/or Dogecoin, subject to ongoing market assessments and risk management considerations.

VivoPower remains committed to ensuring secure and compliant digital currency transactions and has established a payment architecture that enables this.

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Tembo Tuskers order and deliveries on schedule for February 2025, from Sydney, Australia

Delivery of 25 Tusker vehicles includes next gen model with upgraded cruise control, safety and multimedia features from February 2025

All 25 vehicles have been allocated due to strong demand from customers and partners

Tembo is working with fleet owners to assist them in securing the NSW government fleet incentive of up to A$15,000 per vehicle

Tembo Tuskers offer the best value for money homologated 100% electric utility pick-up truck in AustraliaTuskers come with a 3-year warranty, 8 year battery warranty from CATL, the world's largest battery company

VivoPower announced today that its subsidiary, Tembo e-LV, has been advised that it will receive shipment of 25 Tusker full electric utility vehicles into Sydney, Australia before the end of February 2025. Tembo will subsequently be able to deliver Tuskers to customers and partners.

The Tusker batch includes the next generation model which has upgraded features, including EPB (electronic park braking), Uphill Drive assistance, Fixed Speed Cruise Control, Bluetooth Car Phone, 12.3-inch Centre Console screen interface as well as AEBS and the popular V2L (vehicle 2 load feature).

The Tembo Tuskers offer the best value for money 100% electric utility pick-up trucks in Australia and comes with a 3 year OEM warranty and 8 year battery warranty from CATL, the world's largest battery company. The Tusker received full Australian Federal Government on road homologation vehicle type approval (VTA) approval in November 2024, following a rigorous testing and evaluation program by independent Australian Federal Government approved inspectors. VTAs are a critically important regulatory milestone in the Australasian pick-up truck market, which is estimated to be approximately US$10 billion. Without VTAs, vehicles are not considered homologated and cannot be legally driven on public roads across. They are crucial for ensuring that vehicles, including EVs, meet essential safety, environmental, and anti-theft standards before hitting the road. Under the Road Vehicle Standards (RVS) legislation, these approvals – managed by the Department of Infrastructure, Transport, Regional Development, and Communications – verify that EVs comply with stringent national regulations covering design, construction, and performance. As EV adoption accelerates, VTAs become vital in regulating new fully electric vehicle models in the market. They address unique EV-specific standards, such as battery safety and charging capabilities, helping manufacturers demonstrate compliance with local regulations.

For the full version of the article, visit the VivoPower Press Releases page.

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Tembo to launch EUV25 EPower kits for Landcruisers at Automechanika Dubai 2024, with an estimated 60,000 attendees from 160 countries

EUV25 EPower kit is the next-generation electric conversion kit for Landcruisers

Automechanika Dubai to be held from 10-12 December 2024

Estimated 60,000 attendees from over 160 countries registered to attend

Automechanika Dubai is the largest automotive aftermarket solutions show in the region

Tembo to follow up by hosting regional off-road drive days in the first quarter of calendar 2025

Tembo e-LV, a subsidiary of Nasdaq-listed B Corporation, VivoPower, is pleased to announce that it will be launching its next-generation EUV25 EPower conversion kit for Landcruisers at Automechanika Dubai 2024.

The EUV25 EPower kit is the latest electric conversion kit for Landcruisers, specifically designed to accommodate rugged off-road terrain and conditions, as well as heavy payload.

Tembo will be joining forces with the market-leading UAE-based sustainable transport solutions company, ONE MOTO, at Automechanika Dubai from 10 to 12 December 2024, which will be held at the Dubai World Trade Centre.

Tembo’s EUV25 builds on the legendary design of the Land Cruiser LC70, which has been an iconic and ubiquitous mode of transportation in the UAE and the broader Gulf Cooperation Council (GCC) region. Because of its rugged reliability and adaptability to challenging terrains, the LC70 has secured its place as the vehicle of choice traversing vast deserts, remote areas, and mountainous landscapes. Its durable design and ability to withstand extreme temperatures has made it indispensable for industries such as oil exploration, agriculture, and logistics.

Automechanika Dubai 2024 is the largest international trade show for the automotive aftermarket industry in the Middle East, Africa, and South Asia region. It provides a platform for industry professionals, manufacturers, and suppliers to network, showcase innovations, and explore opportunities in the rapidly evolving automotive sector.

This year’s event will feature over 2,200 exhibitors from 161 countries, spanning 17 halls. Key highlights include specialised sections for tyres, batteries, telematics, diagnostics, and EV-related technologies, reflecting the industry's shift toward sustainability.

Chris Mallios, Chief Commercial Officer of VivoPower said: “We are delighted to be launching the EUV25 EPower conversion kit in one of the fastest growing regions in the world. We are grateful to be showcasing the kit in collaboration with the ONE MOTO team at Automechanika Dubai 2024. This collaboration reflects our shared commitment to driving innovation and adoption of electric vehicle technologies. By combining our expertise, we aim to showcase cutting-edge yet cost effective solutions that address the growing demand for sustainable mobility in the region”.

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

About ONE MOTO

ONE MOTO is a pioneering electric vehicle company specialising in sustainable transport solutions for urban mobility and last-mile delivery. With a strong presence across the globe, ONE MOTO’s mission is to transform cities by providing zero-emission, cost-effective electric motorcycles for businesses and consumers alike. By leveraging advanced data technology and a passion for sustainability, ONE MOTO is paving the way for a cleaner, smarter future in urban transport.

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Vivopower’s Tembo Secures Full On Road Homologation For Its Tembo Tusker 100% Electric Vehicles In Us$10 Bn Australasian Pick Up Truck Market

Tembo Tusker is only the 2^nd full electric utility vehicle pick up truck to receive full on road homologation VTA regulatory approval in Australia

Tuskers can now be driven on road and off road in all states and territories across Australia

VTA regulatory approval provides platform for Tembo to accelerate sales and deliveries of Tuskers to customers across all of Australia

LONDON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Tembo E-LV B.V. (“Tembo”), a subsidiary of Nasdaq-listed B Corporation, VivoPower International PLC (Nasdaq: VVPR) (“VivoPower”), is pleased to announce that it has secured full on road homologation vehicle type approval (VTA) for Tembo Tusker 100% electric utility vehicles across the Australia market.

The approval secured by Tembo makes the Tusker only the second full electric ute to receive full on-road homologation in Australia.

VTAs are a critically important regulatory milestone in the Australasian pick-up truck market, which we estimate to be approximately US$10 billion. Without VTAs, vehicles are not considered homologated and cannot be legally driven on public roads across Australia and New Zealand. They are crucial for ensuring that vehicles, including EVs, meet essential safety, environmental, and anti-theft standards before hitting the road. Under the Road Vehicle Standards (RVS) legislation, these approvals – managed by the Department of Infrastructure, Transport, Regional Development, and Communications – verify that EVs comply with stringent national regulations covering design, construction, and performance. As EV adoption accelerates, VTAs become vital in regulating new fully electric vehicle models in the market. They address unique EV-specific standards, such as battery safety and charging capabilities, helping manufacturers demonstrate compliance with local regulations. This not only enhances road safety but also builds consumer confidence in innovative EV technologies.

Tembo is currently in the process of securing similar clearance for Tuskers in New Zealand.

Chris Mallios, Chief Commercial Officer, VivoPower, said: “The Tembo Tusker range will augment our conversion programmes, increasing choices for Tembo’s B2B customer base and target market. Depending on where a fleet customer is in their fleet replacement cycle and/or depending on their strategic requirements and total cost of ownership considerations, we will now be able to offer a choice of a full electric utility vehicle or a conversion of an existing utility vehicle. This expanded offering underscores Tembo’s commitment to providing tailored sustainable energy solutions to meet the diverse requirements of our global customer base.”

The Tembo Tusker range is available in single (Tusker-S) and dual-cab (Tusker-D) body configurations, with both 65Kwh and 77Kwh variants providing ranges of 330 km to 400 km, on a single charge, respectively. The vehicles will have a payload capacity of 1000 kg and an unbraked towing capacity of 750 kg.

Tembo will now seek to fast-track its strategy of bringing the Tuskers to other markets where it has customers and partners, including the United Arab Emirates, Africa, Europe, Asia, and Canada, amongst others.

About VivoPower

Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

About Tembo

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VivoPower Announces Definitive Distribution Agreement to Distribute EV Fleet Charging Solutions

LONDON, May 15, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that it has signed a definitive partnership agreement (“Agreement”) for VivoPower to market and distribute Vital EV Solutions (“Vital EV”) fleet charging solutions globally.

Part of the Vital Group of companies, Vital EV is a specialist UK-headquartered company, offering a comprehensive range of electric vehicle charging solutions for fleet owners and is the official re-seller of Kempower charging stations and service solutions in the UK and across Africa. Kempower, headquartered in Finland, has the fastest EV fleet charging solutions on the market including for off-highway working environment applications.

Under the Agreement, VivoPower will be able to offer to its customers and partners a wide range of EV fleet charging products and services from Vital EV and Kempower for an initial term of 3 years. These products include multi-voltage lightweight movable rapid chargers, hub-and-spoke rapid and ultra-rapid charging systems, satellite dispensers as well as conventional station chargers.

The EV fleet charging solutions will be offered by VivoPower to complement Tembo’s EV conversion kits, which transform new and second-hand diesel-powered 4x4 Land Cruiser and Hilux vehicles into ruggedised EUVs for use in many sectors, including mining, infrastructure, government agencies, humanitarian, tourism, and agriculture. Tembo EV conversion kits are a key component of VivoPower’s turnkey sustainable energy solutions, designed to help corporate customers accelerate towards their net-zero carbon goals and to achieve cost savings.

Kevin Chin, VivoPower’s Executive Chairman and Chief Executive Officer, said:

“VivoPower’s purpose is to generate sustainable energy solutions to help our customers and our planet. This partnership will allow VivoPower to bundle ancillary charging solutions for our fleet owning customers and partners who are seeking to electrify their fleets with the Tembo EV conversion kits. Vital EV’s solutions are differentiated from others in the market in that they offer satellite remote charging, off-road and ruggedised charging, as well as both DC and AC charging. This is highly relevant for some of the use cases of our customers, including for off-road and remote conditions.”

Alex Rae, Vital EV’s Director and General Manager, said:

“Vital EV are delighted to announce that VivoPower is set to become our partner as we extend the geographical reach of our highly reliable and future-proofed EV rapid charging solutions. VivoPower’s integrated focus on turnkey solutions complements our own objectives, which are to ensure all customers are supported with full product life-cycle services to ensure uptime and availability of critical charging infrastructure.”

About VivoPower

VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for customised and ruggedised fleet applications, battery and microgrids, 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 has operations and personnel in Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

About Vital EV

Vital EV is the UK market leader in the sales, service, and rental of Kempower (DC) rapid charging solutions. Its vision is to be the most trusted service provider within the EV charging sector by setting world-class customer service benchmarks and transforming customer expectations with honesty, integrity, and passion. Part of the Vital Group of companies, the business is led by a dynamic, innovative, and experienced management team. With a specialist understanding of power engineering and the automotive sector, it enjoys a successful track-record in delivering large-scale and technically complex project installations to an ever-growing customer base of EV users.

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Tembo announces definitive agreement with pre-eminent jeepney group, Sarao Motors, in the Philippines’ estimated US$10bn jeepney market

Iconic jeepneys are the main form of public transport in the Philippines, with over 200,000 in service

Jeepneys account for approximately one-third of carbon emissions in the country

Established in 1953, Sarao Motors is the Philippines’ pre-eminent jeepney group

Sarao Motors selected Tembo to be its exclusive partner to provide electric jeepneys Tembo will continue to be able to work with other companies to provide electric jeepney solutions

Tembo E-LV, a subsidiary of Nasdaq-listed B Corporation, VivoPower, is very pleased to announce its definitive partnership agreement with the iconic Philippine jeepney manufacturer Sarao Motors.

With a strategic focus on delivering purpose-driven sustainable transport solutions, Tembo will provide Sarao with state-of-the-art and cost-effective solutions to electrify the next generation of public utility jeepneys. Deliveries of Tembo’s electric jeepney kits are already en route to the Philippines and expected to be at Sarao’s headquarters in Las Piñas City, Metro Manila within the next weeks.

Sarao is the long-standing and iconic leader in jeepney manufacturing in the Philippines, establishing itself as the top choice over decades for the majority of jeepney co-operatives, operators and drivers. Since 1953, the company has become synonymous with the colourful and ornately designed public utility vehicle symbolising Filipino culture. In 1981, it was the first jeepney company to be commissioned by the Vatican to make a jeepney popemobile for Pope John Paul II’s visit to the Philippines.

Importantly, Sarao owns the largest dedicated jeepney facility in the Philippines, with over 20,000 square-metres, based in a prime location in Las Piñas City. Furthermore, it also has its own jeepney routes and jeepneys that service these routes. VivoPower and Tembo will provide technical support to Sarao as Sarao transforms this site into a state-of-the-art sustainable energy solutions facility with modern assembly facilities and charging stations.

Edgardo ‘Ed’ Sarao, Vice President, Sarao Motors, said: “Together, we are bringing back the glory days of the Philippines’ jeepney industry, creating local jobs and opportunities, while preserving the cultural heritage that the jeepney represents. With this partnership, we’re raising the bar for the Philippine transportation industry and starting a future that honours tradition and embraces innovation. Seeing Tembo’s remarkable speed, technical expertise, and cost efficiency, we know they are the right partner for this journey.”

Leonard John ‘LJ’ Sarao, Operations Supervisor, Sarao Motors, said: “The Philippine jeepney, ever so resilient, will receive a big overhaul with its new electric powertrain. Preserving its roots and improving performance and efficiency, let us all move forward with making our public transport safer and environmentally friendly. In partnership with Tembo, we are looking forward to propelling our cultural icon into the future.”

Executive Chairman and CEO of VivoPower, Kevin Chin, said: “We are absolutely honoured that Tembo is partnering with Sarao Motors, a household name in the Philippines that is well recognised and highly respected by the Philippines government and the Filipino people alike. For Sarao to have selected Tembo as its exclusive e-jeepney kits and solutions provider, it is a testament to the considered, careful, and comprehensive approach to the engineering quality and safety that underpins our culture and modus operandi. As a B Corporation, we are steadfastly committed to the triple bottom line of People, Planet and Profit. We will not yield to short-term pressures that could lead to decisions that compromise the safety and comfort of passengers of e-jeepneys and the economic livelihood of those who work in the jeepney industry, especially the co-operatives and drivers. Our mission with the electric jeepney programme is to help enable the jeepney industry in the Philippines to be modernised, electrified and resurrected. Jobs can be created by leveraging local craftsmanship. We are confident that our partnership with Sarao will boost job opportunities in the jeepney transportation and manufacturing sectors of the Philippines, ensuring that the traditional skills of jeepney builders are not only protected but also advanced through new EV technologies. Furthermore, the integration of Tembo’s EV chassis allows us to keep jeepneys on the road while meeting modern environmental standards, paving the way for a cleaner, greener future. The partnership honours the legacy of Sarao’s design, ensuring that the look and feel of the beloved jeepney remains intact while enhancing its efficiency, durability, and performance with next-gen EV tech. In Sarao, we have found a partner with the same ethos and long-term mindset, with genuine care for its customers, passengers and the people of the Philippines. We are also looking forward to supporting Sarao behind the scenes as it seeks to revitalise the jeepney industry locally in the Philippines. Jeepneys are the number one cultural icon of the Philippines, and we fully support that the next generation of jeepneys need to ultimately be made by Filipinos for Filipinos.”

For the full version of the article, visit the VivoPower Press Releases page.

About Sarao Motors

Founded in 1953, Sarao Motors is an iconic Filipino company known for pioneering the design and manufacturing of the Philippine jeepney, a symbol of the country's cultural and transportation heritage. Over the decades, Sarao has continuously evolved, providing durable and customizable jeepneys that cater to the needs of Filipino commuters. Today, Sarao Motors is at the forefront of innovation, driving sustainable solutions through the development of electric jeepneys while preserving the tradition and legacy of the iconic jeepney industry.

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Tembo E-LV, a Subsidiary of Nasdaq-Listed VivoPower Executes a Definitive Business Combination Agreement with CCTS for a Combined Enterprise Value of US$904 Million

Independent third-party fairness opinion was obtained and satisfactorily completed

Pro forma fully diluted combined enterprise value assumes no public trust redemptions

Tembo E-LV, a subsidiary of Nasdaq-listed B Corporation, VivoPower, today announced that it has executed a definitive Business Combination Agreement (BCA) with Cactus Acquisition Corp. 1 Limited (CCTS), a Cayman Islands exempted special purpose acquisition company.

The BCA assigns a pro forma enterprise value to the combination of Tembo and CCTS, assuming zero redemptions by CCTS public shareholders at or before closing of US$904 million.

The BCA was entered into by the parties following due diligence and receipt by the CCTS board of directors of a fairness opinion from an independent third party.

The parties expect a registration statement on Form F-4 to be filed with the U.S. Securities and Exchange Commission (SEC) in connection with the proposed transaction (Business Combination), which they are working to close, subject to satisfaction (or waiver, as applicable) of closing conditions, including, without limitation, the completion of the SEC review process and approval of the transaction by CCTS shareholders, prior to the end of calendar year 2024.

Advisors

Chardan is acting as exclusive financial and capital markets advisor to VivoPower and Tembo. White & Case LLP is serving as US legal advisor to VivoPower and Tembo; NautaDutilh N.V. is serving as Dutch legal counsel to VivoPower and Tembo. Ellenoff Grossman & Schole LLP is serving as U.S. legal advisor to CCTS; De Metz Advocaten N.V. is serving as Dutch counsel to CCTS.

For the full version of the article, visit the VivoPower Press Releases page.

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