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VivoPower International PLC Announces $29m Mongolian Distribution Deal for Tembo Electric Light Vehicles

Retrieved on: 
Tuesday, July 20, 2021

Leading Mongolian automotive distributor Bodiz International Group LLC intends to purchase 350 electric light vehicle conversion kits from VivoPower subsidiary Tembo e-LV B.V over the next 5 years.

Key Points: 
  • Leading Mongolian automotive distributor Bodiz International Group LLC intends to purchase 350 electric light vehicle conversion kits from VivoPower subsidiary Tembo e-LV B.V over the next 5 years.
  • Under the agreement (the Distribution Agreement), Bodiz intends to purchase 350 Tembo e-LV conversion kits through December 2026.
  • Alongside solar generation, battery storage and on-site power distribution, Tembo e-LV products are a key component of VivoPowers turnkey net-zero solutions for corporate decarbonization.
  • This Distribution Agreement marks VivoPowers fourth major distribution deal in 2021 for Tembo e-LVs across four continents and continues to advance the Companys aim to build a global Tembo distribution network before the end of this year.

VivoPower International PLC Completes $120m Definitive Canadian Distribution Agreement for Tembo Electric Light Vehicles

Retrieved on: 
Thursday, June 17, 2021

Under the agreement (the Distribution Agreement), Acces intends to purchase 1,675 Tembo e-LV conversion kits between now and December 2026.

Key Points: 
  • Under the agreement (the Distribution Agreement), Acces intends to purchase 1,675 Tembo e-LV conversion kits between now and December 2026.
  • Alongside solar generation, battery storage and on-site power distribution, Tembo e-LV products are a key component of VivoPowers turnkey net-zero solutions for corporate decarbonization.
  • The Distribution Agreement follows Januarys distribution agreement with GB Auto Group Pty Limited and GB Electric Vehicles Pty Ltd (collectively, GB Auto).
  • Kevin Chin, Executive Chairman and CEO of VivoPower, said: We are very pleased to have finalized this Distribution Agreement with Acces, which will provide the springboard for VivoPower to deliver our Tembo e-LVs and complementary sustainable energy solutions to Canadian customers.

VivoPower International PLC Announces Proposed $58m Nordic Distribution Deal for Tembo Electric Light Vehicles

Retrieved on: 
Wednesday, June 2, 2021

Under the proposed agreement (the Proposed Agreement), Arctic Trucks would commit to purchase 800 Tembo e-LV conversion kits through December 2026.

Key Points: 
  • Under the proposed agreement (the Proposed Agreement), Arctic Trucks would commit to purchase 800 Tembo e-LV conversion kits through December 2026.
  • Alongside solar generation, battery storage and on-site power distribution, Tembo e-LV products are a key component of VivoPowers turnkey net-zero solutions for corporate decarbonization.
  • This Proposed Agreement would mark VivoPowers third major distribution deal in 2021 for Tembo e-LVs across three continents and would continue to advance the Companys aim to build a global Tembo distribution network before the end of this year.
  • Kevin Chin, Executive Chairman and CEO of VivoPower, said: We are extremely pleased to be partnering with Arctic Trucks to expand the distribution reach of our Tembo vehicles.

Tembo Gold Corp. Announces Positive Preliminary Outcomes of the GoldSpot Collaboration Project

Retrieved on: 
Tuesday, June 1, 2021

Vancouver, British Columbia--(Newsfile Corp. - June 1, 2021) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") is pleased to announce the initial results of the work being conducted by GoldSpot Discoveries Corp. ("GoldSpot"), in conjunction with the Tembo geological team.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - June 1, 2021) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") is pleased to announce the initial results of the work being conducted by GoldSpot Discoveries Corp. ("GoldSpot"), in conjunction with the Tembo geological team.
  • The Company announced the collaboration agreement with GoldSpot on August 20th, 2020 ( https://www.newsfilecorp.com/release/62139/Tembo-Gold-Technical-Collabor... ).
  • The work has confirmed our prior view that the Tembo project contains many targets characterized by structural attributes that may host gold mineralization.
  • Tembo is a Canadian publicly listed mineral exploration company with a 100% interest in the Tembo Gold Project.

Tembo Gold Corp. Announces Appointment of Advisory Board

Retrieved on: 
Thursday, May 20, 2021

b'Vancouver, British Columbia--(Newsfile Corp. - May 20, 2021) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") is pleased to announce the appointment of Dr. Bob Foster and Emma Priestley to its Advisory Board.\nDavid Scott, President & CEO, stated, "We are delighted to have Bob Foster and Emma Priestley join our Advisory Board.

Key Points: 
  • b'Vancouver, British Columbia--(Newsfile Corp. - May 20, 2021) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") is pleased to announce the appointment of Dr. Bob Foster and Emma Priestley to its Advisory Board.\nDavid Scott, President & CEO, stated, "We are delighted to have Bob Foster and Emma Priestley join our Advisory Board.
  • Their combined technical, corporate and African experience will be of great value to Tembo as we move forward on the Tembo Project.
  • Both Bob and Emma\'s prior involvement with Tembo through Stratex International Plc., and their willingness to join the advisory board speaks to the belief they have in the quality of the project.
  • Dr. Foster has particular expertise in the genesis of and exploration for gold deposits throughout the world with a focus on Africa.

VivoPower International PLC Announces Proposed $120m Canadian Distribution Agreement for Tembo Electric Light Vehicles

Retrieved on: 
Wednesday, May 19, 2021

b'LONDON, May 19, 2021 /PRNewswire/ --VivoPower International PLC (NASDAQ: VVPR) (the "Company") is pleased to announce that the Company and its wholly-owned subsidiary, Tembo e-LV B.V. ("Tembo"), have entered into a non-binding Heads of Terms with Canadian industrial equipment distributor Acces Industriel Mining Inc. ("Acces") for Acces to distribute Tembo electric light vehicles ("e-LVs") in Canada.\nUnder the proposed agreement (the "Proposed Agreement"), Acces would commit to purchase 1,675 Tembo e-LV conversion kits through December 2026.

Key Points: 
  • b'LONDON, May 19, 2021 /PRNewswire/ --VivoPower International PLC (NASDAQ: VVPR) (the "Company") is pleased to announce that the Company and its wholly-owned subsidiary, Tembo e-LV B.V. ("Tembo"), have entered into a non-binding Heads of Terms with Canadian industrial equipment distributor Acces Industriel Mining Inc. ("Acces") for Acces to distribute Tembo electric light vehicles ("e-LVs") in Canada.\nUnder the proposed agreement (the "Proposed Agreement"), Acces would commit to purchase 1,675 Tembo e-LV conversion kits through December 2026.
  • 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 decarbonization.\nThe Proposed Agreement follows January\'s distribution agreement with GB Auto Group Pty Limited and GB Electric Vehicles Pty Ltd (collectively, "GB Auto").
  • Discussions with other distributors are also active and ongoing across Europe, Africa, the Middle East, the Americas and Asia.
  • We are delighted that Acces intend to select Tembo as the preferred electric vehicle solution for their customers over others available in the market.

VivoPower International PLC Reports Financial Results For The Six Months Ended December 31, 2020 and landmark Global Battery Partnership with Tottenham Hotspur

Retrieved on: 
Wednesday, February 24, 2021

LONDON, Feb. 24, 2021 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR, the Company) today announced its half year results for the six months ended December 31, 2020.

Key Points: 
  • LONDON, Feb. 24, 2021 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR, the Company) today announced its half year results for the six months ended December 31, 2020.
  • Acquisition of 51% of Tembo e-LV B.V. (Tembo) completed on November 5, 2020, with results above only containing 2 months contribution.
  • Consummated landmark partnership deal with GB Auto in Australia worth an estimated $250 million on January 25, 2021.
  • Non-IFRS results are presented for supplemental informational purposes only to aid in understanding our results of operations.

Vivopower Secures 100% Ownership of Tembo E-Lv B.v.

Retrieved on: 
Tuesday, February 2, 2021

VivoPower previously acquired 51% of Tembo in October 2020 and recently announced a landmark distribution deal with its partner, GB Auto Group (GB Auto) in Australia.

Key Points: 
  • VivoPower previously acquired 51% of Tembo in October 2020 and recently announced a landmark distribution deal with its partner, GB Auto Group (GB Auto) in Australia.
  • VivoPower intends to invest up to an additional US$10.9 million into Tembo, in a staged manner based on Tembo attaining quarterly commercial milestones.
  • Existing Tembo management received US$2.2 million and 15,793 VivoPower shares for their residual post money shareholding, with VivoPower now owning 100% of Tembos share capital.
  • GB Auto is now Australias exclusive distributor of the Tembo electric Toyota Land Cruiser, electric Toyota Hilux, and Tembo electric vehicle conversion kits.

VivoPower International PLC Announces Proposed $250m Australian Distribution Agreement for Tembo Light Electric Vehicles

Retrieved on: 
Wednesday, December 23, 2020

GB Auto plans to increase its Australian footprint, adding facilities to ensure the delivery on these volumes.

Key Points: 
  • GB Auto plans to increase its Australian footprint, adding facilities to ensure the delivery on these volumes.
  • Tembo will offer GB Auto a first right of refusal on distribution rights for any additional Tembo products.
  • VivoPower will own all vehicle data and grant GB Auto a non-exclusive, non-transferrable, no royalty licence to use it for sales and maintenance of Tembo products.
  • CEO and Founder of GB Auto, Graeme Bensley said, "We are very excited to partner with VivoPower in relation to their SES offering, incorporating Tembo electric vehicles.