VVPR - VIVOPOWER'S TEMBO LAUNCHES THE FULL ELECTRIC TEMBO TUSKER WITH FIRST 50 COMMITTED ORDERS
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Inauguralpartner and customer trials have exceeded expectations
Tembo has aninitial commitment of 50 orders worth an estimated US$2.5m
Tembo Tusker rangecomplements current conversion kit program, offering morechoice
LONDON,June 5, 2024 – the NASDAQ listed B Corp, VivoPower International PLC(“VivoPower”) announced today that its electric vehiclesubsidiary, Tembo e-LV B.V. (“Tembo”) has secured its first 50committed orders for the Tembo Tusker, its full electric pick uputility vehicle (“Tembo Tusker”).
The Tembo Tuskers come in both left-hand andright-hand configurations, with single and dual cab options available.They have a base range of 330 kilometres (with the option to extend to1,000 kilometres), as well as a payload capacity of 1 tonne, and anunbraked towing capacity of 750 kilograms. Importantly they are pricedat 15% below other comparable electric utility vehicles in the launchmarkets of Australia and New Zealand.
The initial order of Tembo Tuskers is beingprepared for delivery to partners and customers in Australia, withfull on-road homologation expected to be granted by July 2024.
The Tembo Tusker rangewill augment the Tembo conversion programs, increasing choices forTembo’s B2B customer base and target market. Depending on where afleet customer is in their fleet replacement cycle and/or depending ontheir strategic requirements and total cost of ownershipconsiderations, Tembo will now be able to offer a choice of a fullelectric utility vehicle or a conversion of an existing utilityvehicle. This expanded offering underscores Tembo's commitment toproviding tailored solutions to meet the diverse requirements of itsglobal customer base.
More broadly, VivoPower’s strategic focus remains ondelivering purpose-driven sustainable energy solutions to electrifyB2B fleets, encompassing aftermarket solutions, charging, digitaltwins, software and data analytics, aligning with evolving marketdynamics and regulatory frameworks. The Tembo Tuskers will acceleratethe pathway to delivering on this.
About VivoPower
VivoPower is an award-winning globalsustainable energy solutions B Corporation company focused on electricsolutions for off-road and on-road customised and ruggedised fleetapplications as well as ancillary financing, charging, battery andmicrogrids solutions. The Company’s core purpose is to provide itscustomers with turnkey decarbonisation solutions that enable them tomove toward net-zero carbon status. VivoPower has operations andpersonnel covering Australia, Canada, the Netherlands, the UnitedKingdom, the United States, the Philippines, and the United ArabEmirates.
AboutTembo
Temboelectric utility vehicles (EUVs) are the premier 100% electricsolution for ruggedised and/or customised applications for fleetowners in the mining, agriculture, energy utilities, defence, police,construction, infrastructure, government, humanitarian, and gamesafari industries. Tembo provides safe, high-performance off-road andon-road electric utility vehicles that meet exacting standards ofsafety, reliability, and quality. Its core purpose is to provide safeand reliable electrification solutions for utility vehicle fleetowners globally, helping perpetuate useful life, reduce costs,maximise return on assets, meet ESG goals and activate the circulareconomy. Tembo is a subsidiary of the Nasdaq listed B Corporation,VivoPower International PLC.
Forward-Looking Statements
This communication includes certainstatements that may constitute “forward-looking statements” forpurposes of the U.S. federal securities laws. Forward-lookingstatements include, but are not limited to, statements that refer toprojections, forecasts or other characterisations of future events orcircumstances, including any underlying assumptions. The words“anticipate,” “believe,” “continue,” “could,”“estimate,” “expect,” “intends,” “may,” “might,”“plan,” “possible,” “potential,” “predict,”“project,” “should,” “would” and similar expressions mayidentify forward-looking statements, but the absence of these wordsdoes not mean that a statement is not forward-looking. Forward-lookingstatements may include, for example, statements about the achievementof performance hurdles, or the benefits of the events or transactionsdescribed in this communication and the expected returns therefrom.These statements are based on VivoPower’s management’s currentexpectations or beliefs and are subject to risk, uncertainty, andchanges in circumstances. Actual results may vary materially fromthose expressed or implied by the statements herein due to changes ineconomic, business, competitive and/or regulatory factors, and otherrisks and uncertainties affecting the operation of VivoPower’sbusiness. These risks, uncertainties and contingencies include changesin business conditions, fluctuations in customer demand, changes inaccounting interpretations, management of rapid growth, intensity ofcompetition from other providers of products and services, changes ingeneral economic conditions, geopolitical events and regulatorychanges, and other factors set forth in VivoPower’s filings with theUnited States Securities and Exchange Commission. The information setforth herein should be read in light of such risks. VivoPower is underno obligation to, and expressly disclaims any obligation to, update oralter its forward-looking statements whether as a result of newinformation, future events, changes in assumptions orotherwise.
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