VIVOPOWER ANNOUNCES PROPOSED INDONESIA DISTRIBUTION DEAL FOR TEMBO ELECTRIC LIGHT VEHICLES

VivoPower is pleased to announce that the Company and its wholly-owned subsidiary, Tembo e-LV, have entered into a Memorandum of Understanding with leading Indonesian mining solutions provider Petrosea to sell, distribute, and market Tembo electrification conversion for Toyota 4×4 vehicles and/or 4×4 Toyota vehicles which have been fully electrified by Tembo.

Under the proposed agreement, Petrosea would commit to selling 2,000 Tembo e-LV conversion kits through December 2027. The Proposed Agreement must be finalised prior to April 30, 2023, unless the parties agree to an extension, and all purchase commitments would be subject to the terms and conditions set forth in the final agreement.

The Tembo kits transform diesel-powered Toyota Land Cruiser and Hilux vehicles into ruggedised e-LVs for use in hard-to-decarbonise sectors. Alongside solar generation, battery storage, and on-site power distribution, Tembo e-LV products are a key component of VivoPower’s turnkey net-zero solutions for corporate decarbonisation.

Petrosea is a multi-disciplinary contract mining, engineering, procurement & construction, and oil & gas services company that is fully committed to prioritise ESG as a continuation of the company’s sustainability strategy. Petrosea offers complete pit-to-port mining solutions, integrated engineering, procurement, and construction capabilities as well as logistic support, whilst demonstrating absolute commitment to safety, health & environment, quality management, and business integrity.

VivoPower and Petrosea intend to finalise the Proposed Agreement as soon as practicable.

For more News & Insights, stay tuned to the Tembo website.

ETC MAURITIUS CEO SACHA COOK VISITS TEMBO’S EINDHOVEN FACILITY

Sacha Cook, CEO of ETC Mauritius, Tembo’s exclusive distributor in Kenya, came to visit the facility in Eindhoven, Netherlands, to meet the team on the ground and see Tembo’s EUV23 up close.

“I am very impressed with the development of the Tembo EV and excited to work with Tembo’s leadership and team to develop the next stages of the project with our full support”, Sacha Cook said.

In November, VivoPower and ETC Mauritius announced a definitive agreement 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 the execution of this agreement until 31st December 2027 across various industry sectors in Kenya. Learn more about our partnership with ETC here.

More News & Insights to come on the Tembo e-LV website.

ACCÈS INDUSTRIEL TEST DRIVES TEMBO’S NEW ELECTRIC UTILITY VEHICLE

Accès, Tembo’s exclusive distributor in Canada, came to test drive Tembo’s new electric utility vehicle (EUV), coming out this year, in the mountains of Northern Italy.

“We were very excited to see Tembo’s new EUV driving extremely smoothly, well balanced, and with great torque, even in icy conditions and at times at a 30% gradient”, Accès Director of Innovation David Labrecque said.

“We are super excited to help our mining customers in Canada fulfill their sustainability/decarbonization goals and this is an important step in their journey”.

Founded in 1998 in Rouyn-Noranda, Quebec, Accès is Canada’s foremost dealer and customizer of Toyota and other branded vehicles in the industry. Whilst its main focus is mining, it also has customers in the industrial, forestry, construction, and government sectors.

In 2021, VivoPower and Accès announced a definitive agreement for Accès to purchase 1,675 Tembo EUV conversion kits from VivoPower subsidiary Tembo over the next 5 years. Learn more about our partnership with Accès here.

More News & Insights to come on the Tembo e-LV website.

VIVOPOWER AND BOLIDEN MARK 5 YEARS OF PARTNERSHIP USING TEMBO E-LV

Tembo e-LV is pleased to have achieved a significant milestone with its longest-serving Tembo electric Landcruiser, which has just crossed 5 years in active service at an operating mine site for multinational metals, mining, and smelting company, Boliden. 

VivoPower believes this to be the longest actively serving electrified light utility vehicle in the mining industry globally. Having just taken it in for a five-year maintenance and service, the Company looks forward to returning it to deliver further years of safe and reliable service.  

With operating mines in Sweden, Ireland, Finland, and Norway, Nasdaq OEM-listed Boliden is one of the world’s most progressive multinational mining companies, especially in relation to its carbon emissions reduction program.  

The Tembo converted electric Landcruiser has been operating with an uninterrupted safety record in Boliden’s underground Tara mine in Ireland. 

We are grateful for Boliden’s testimonial noting that expectations in relation to safety, reliability, quality and functionality have been met over this period.  

Our entire Tembo e-LV team are honoured to be working with Boliden on our shared mission of helping the mining industry to decarbonise.

More News & Insights to come on the Tembo e-LV website.

VIVOPOWER ANNOUNCES STRATEGIC INVESTMENT, FINANCING, AND DEVELOPMENT UPDATE FOR TEMBO

VivoPower is pleased to provide a strategic investment, financing, and development update for its wholly-owned subsidiary, Tembo e-LV B.V.

Tembo and Toyota Motor Corporation Australia Limited have now concluded the Design Services Agreement with Toyota Australia for the LandCruiser 70 Series. VivoPower and Toyota Australia will each continue to explore opportunities as part of their commitments to a sustainable future.

VivoPower has secured further bridge financing from its major shareholder, AWN Holdings Limited (AWN) of US$3 million, which will be used for Tembo’s growth, including the engineering, assembly, and delivery of conversion kits. AWN has also agreed to amend the loan and bridge financing facilities terms so as to extend the repayment date by 18 months to 1 April 2025. Tembo has also secured a strategic investment from a sustainability focused family office investor in the UAE, with an initial investment of up to €2 million to close by 31 March 2023. VivoPower will continue to retain a majority shareholding in Tembo.

More News & Insights to come on the Tembo e-LV website.

VIVOPOWER ANNOUNCES APPOINTMENT OF EDUARDO NEBOT TO THE ADVISORY COUNCIL

VivoPower is pleased to announce the appointment of Eduardo Nebot as a new member of the VivoPower Advisory Council.

Based in Sydney, Australia, Eduardo is currently Emeritus Professor at the University of Sydney and a consultant on autonomous systems for various industries, including transport and mining automation. He is also a Fellow of the Institute of Electrical and Electronic Engineering (FIEEE) and a Fellow of the Australian Academy of Technology and Engineering (FTSE).

Eduardo is a pioneer in the research, development, and deployment of autonomous systems and safety. He has worked with both private companies and government organisations to apply autonomous technologies to the industrial sector in Australia and internationally. Furthermore, he was responsible for introducing advanced machine-learning techniques in automation and safety applications that were demonstrated and deployed in industrial operations around the world.

Eduardo led several organisations over the years. In 1999, he was named Automation Program leader for the $130m R&D Collaborative Research Centre for Mining Technology and Equipment. He also co-founded Acumine Pty. Ltd. and worked as its Executive Director from 2000 to 2012.

Eduardo was one of the co-founders of the Australian Centre for Field Robotics (ACFR), one of the largest and most successful field robotic R&D centres in the world. He also served as the ACFR’s Manager Director from 2010 to 2020. He established the ACFR’s Intelligent Transport System (ITS) group in 2010.

Eduardo’s most recent achievement was serving as one of the partners for the $110m R&D CRC iMOVE project, which was established to address R&D in Intelligent Transport Systems.

Kevin Chin, Executive Chairman and CEO of VivoPower, said: “We are delighted to welcome Professor Eduardo Nebot to the VivoPower Advisory Council. Based in Australia, he is a renowned and highly respected expert in mining safety, field robotics and mine automation, with over 35 years of experience advising leading mining and mining services companies including Komatsu, Anglo American, Rio Tinto, BHP, Codelco, Freeport-McMoRan and Alcoa among others. In addition, Eduardo has led numerous industry collaboration projects with automotive original equipment manufacturers (OEMs) including Ford (USA), Renault (France), and Applied EV (Australia).

As the mining industry and automotive OEMs intensify their drive to electrification in order to meet sustainability objectives, and as Tembo scales up delivery of kits this year in order to help meet these demands, what is non-negotiable is safety, especially given the risks in mining environments. Whilst Tembo has the longest industry track record of electric light utility vehicles safely deployed in an operating mine, it is imperative that we continue to be uncompromising on safety standards above all else and assist in setting industry best practice benchmarks. Professor Nebot will contribute in this regard by advising in relation to mining safety protocols and requirements, as well as assisting in developing dedicated safety-related modules for Tembo Academy’s training curriculum.”

Eduardo Nebot, Emeritus Professor at the University of Sydney, said: “I am proud to join the Advisory Council in order to assist VivoPower with the deployment of advanced clean technology. I am very passionate about decarbonisation, and I strongly believe that VivoPower technology can profoundly impact the full sustainability of high-energy consumption industries such as mining.”

More News & Insights to come on the Tembo e-LV website.

UTILITY VEHICLE EV CONVERSION COMPANY TEMBO E-LV LAUNCHES NEW BRAND AND WEBSITE

Ruggedised EV conversion specialist Tembo e-LV has today revealed its new logo and website temboelv.com.                  

A wholly owned business of VivoPower, an award-winning global sustainable energy solutions company, Tembo specialises in the design and assembly of electric vehicle (EV) conversion kits for light utility vehicles in on-road and off-road applications. The company started offering its EV conversion kits for new vehicles and recently announced its entry into the second-hand market, a much larger total addressable market.

The new logo evolves Tembo’s classic elephant badge to reflect the reliability and power of the vehicles and has been modernised by creating an image of the elephant’s head, facing head-on, replacing the previous silhouette profile image.

The logo image is a stylised African Elephant, in keeping with its roots in ruggedisation for 4×4 utility vehicles, while the modernisation better represents the advanced technological and engineering capabilities of the company.  A new wordmark has also been introduced to translate the company’s spirit of innovation.

The rebrand was led by a dedicated internal team in consultation with international branding experts and Tembo’s Leadership team. In addition to the new logo and livery, the rebrand coincides with a new look website which features a clear story on the Homepage with more compelling content, a Partners page – showing Tembo’s distribution presence in 50+ countries – and Tembo Academy page – where users can browse through a new curriculum of in-person courses geared to end-users and partners.

More News & Insights to come on the Tembo e-LV website.

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 

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VIVOPOWER CONDUCTED FIRST TEMBO E-LV TRAINING FOR OUR PARTNER GHH

Held at the new Tembo facility in Eindhoven, Netherlands, the training event featured Tembo e-LV engineers walking the GHH team through the different technical and operational requirements necessary to install and implement the Tembo electric vehicle conversion kits. Among the attendees were technicians and non-technical personnel from across GHH’s offices in Germany, India, South Africa, and Turkey.

As part of the programme, the Tembo team gave GHH representatives a tour of the new Eindhoven facility, which was opened in May. Attendees also had the chance to test drive one of the Tembo electric vehicles at the Lansard driving facility. The EV that they drove is earmarked for delivery to GHH Turkey.

“It was great to have a variety of GHH folks, from several countries, visit our new facility in Eindhoven for technical and operational training on the Tembo e-LV. It really proved to be a successful few days for everyone involved,” Matthew Nestor, Director, Head of Global Partnerships at VivoPower, said.  

In September 2021, VivoPower and global mining solutions provider GHH signed a Definitive Agreement for GHH to purchase electric light vehicle conversion kits from VivoPower subsidiary Tembo e-LV over the next 5 years, which involved a multinational partnership across over 50 countries.