Tembo E-LV BV (“Tembo”), a subsidiary of VivoPower International
PLC (“VivoPower”), is pleased to announce that it has signed a
memorandum of understanding (“MOU”, the “Agreement”) with AL TAIF
Technical Services, LLC (“AL TAIF”), the UAE’s leading provider of
maintenance, repair, and overhaul (MRO) services for military
equipment. Pursuant to the Agreement, the collaboration will
undertake feasibility studies with a goal of formalising a
partnership spanning distribution of Tembo EV conversion kits,
research & development, training in electric mobility and high
voltage, as well as local assembly operations in the UAE.
AL TAIF is a subsidiary of the EDGE Group, one of the world’s
leading advanced technology groups, established to develop agile,
bold, and disruptive solutions for defence and beyond. Its
customers include defence and police organisations in the UAE, the
MENA region and extending to other regions.
The Tembo EUV (“electric utility vehicle") kits transform new
and second-hand utility vehicles, including the 4×4 LandCruiser and
Hilux vehicles into ruggedised EUVs for use in off-road and
specialised on road applications, including defence, mining,
agriculture, construction, safari, and conservation, as well as
humanitarian aid purposes. Tembo EUV conversion kits are a key
component of VivoPower’s turnkey sustainable energy solutions,
encompassing training and safety solutions, critical power
solutions, battery storage and battery second life applications
designed to help fleet owning customers accelerate towards their
net zero carbon goals and to achieve cost savings.
The Agreement follows successful drive days in desert
conditions, outside of Dubai (March 2023) and Abu Dhabi (May 2023)
with Tembo EUV repowered vehicles.
Kevin Chin, VivoPower’s Executive Chairman and Chief
Executive Officer, said:
“On behalf of the entire VivoPower and Tembo teams, I am very
honoured to have entered into this Memorandum of Understanding with
AL TAIF, the UAE’s official military and defence maintenance
company. I would like to take the opportunity to thank Saif Al
Dahbashi, AL TAIF’s Chief Executive Officer (CEO) and his team for
selecting VivoPower and Tembo as their preferred partners for
feasibility studies in relation to electric vehicle conversions and
ancillary training services for the UAE military and their regional
customers. At Tembo, we are very aware of the exacting standards
required for defence industry use cases, which span not just safety
but also security and confidentiality. As a B Corporation that has
been recognised as amongst the Best in the World for Governance,
VivoPower and its subsidiaries adopt an uncompromising approach
towards security and confidentiality. We are all committed to
working closely with the AL TAIF team to deliver both economic and
sustainability outcomes for AL TAIF, the EDGE Group, and the UAE
more broadly.”
Saif Al Dahbashi, AL
TAIF’s
CEO, said: “As
the leading centre of excellence for comprehensive lifecycle
support of defence systems in the UAE, AL TAIF is very pleased to
embark on this journey of collaboration with VivoPower and Tembo.
As we align with the UAE’s strategic decarbonisation efforts, this
partnership marks a concrete step within the defence industry to
ensure a safe and secure future. By combining our respective
strengths, we are confident that we will make significant strides
in contributing to a more sustainable UAE, delivering unparalleled
solutions that drive down costs and address the evolving needs of
our customers.”
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 Tembo
Tembo electric utility vehicles (EUVs) are the premier 100%
electric solution for ruggedised and/or customised applications for
fleet owners in the mining, agriculture, energy utilities, defence,
police, government, humanitarian, and game safari industries. Tembo
provides safe, high performance off-road and on-road electric
vehicles that meet exacting standards of safety and quality. Its
core purpose is to provide safe and reliable electrification
solutions for utility vehicle fleet owners globally, helping
perpetuate useful life, reduce costs, maximise return on assets,
meet ESG goals and activate the circular economy.
About AL TAIF
AL TAIF provides essential lifecycle services and technical
capability development to guarantee the ultimate asset performance
and mission readiness for its customers. Its eleven
state-of-the-art workshops are geographically distributed to offer
seamless convenience and flexibility, while a mobile unit can
quickly and efficiently address all types of MRO needs. The company
is part of the Platforms & Systems cluster within EDGE, one of
the world’s leading advanced technology groups.
All trademarks referenced herein are the property of their
respective owners.
Forward-Looking Statements
This communication includes certain statements that may
constitute “forward-looking statements” for purposes of the U.S.
federal securities laws. Forward-looking statements include, but
are not limited to, statements that refer to projections, forecasts
or other characterisations of future events or circumstances,
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 may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements may include, for example, statements about the
achievement of performance hurdles, or the benefits of the events
or transactions described in this communication and the expected
returns therefrom. These statements are based on VivoPower’s
management’s current expectations or beliefs and are subject to
risk, uncertainty, and changes in circumstances. Actual results may
vary materially from those expressed or implied by the statements
herein due to changes in economic, business, competitive and/or
regulatory factors, and other risks and uncertainties affecting the
operation of VivoPower’s business. These risks, uncertainties and
contingencies include changes in business conditions, fluctuations
in customer demand, changes in accounting interpretations,
management of rapid growth, intensity of competition from other
providers of products and services, changes in general economic
conditions, geopolitical events and regulatory changes, and other
factors set forth in VivoPower’s filings with the United States
Securities and Exchange Commission. The information set forth
herein should be read in light of such risks. VivoPower is under no
obligation to, and expressly disclaims any obligation to, update or
alter its forward-looking statements whether as a result of new
information, future events, changes in assumptions or
otherwise.
Contact
Enquiries
tembo@vivopower.com
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