AZIO Secures Binding Customer Deposits Covering ~42% of $108M GPU Infrastructure Pipeline Accessibility StatementSkip NavigationCoordinated Execution Across AZIO Corp. and AZIO AI Drives Early Customer Commitments as Strategic Alignment with Envirotech Vehicles (NASDAQ: EVTV) AdvancesLOS ANGELES, March 24, 2026 /PRNewswire/ -- AZIO AI Corporation ("AZIO AI" or the "Company"), a next-generation artificial intelligence infrastructure and high-performance compute platform, today announced it has secured bindin ...

Core Insights - AZIO AI Corporation has provided a commercial update regarding its GPU orders, highlighting a total of approximately $107 million in binding purchase orders with 13% of the value received as deposits [1][1][1] - The company is adjusting its delivery schedule to meet the demand from large-scale data center operators in Asia, indicating strong demand across commercial channels [1][1][1] Deposit Progress and Funding Milestones - As of the latest update, AZIO AI has received deposits amounting to approximately 13% of the total purchase order value, which is consistent with typical milestone-based procurement cycles [1][1][1] - The company anticipates further deposit activity in the coming weeks, subject to standard banking processes and customer coordination [1][1][1] Customer Allocation and Delivery Mix - AZIO AI is diversifying its GPU allocations to fulfill demand from enterprise and hyperscale customers, rather than solely focusing on government-related deployments [1][1][1] - The company maintains that its overall commercial purchase order activity remains consistent with previously disclosed levels, emphasizing flexibility in allocation as part of supply-chain optimization [1][1][1] Regional Timing Considerations - The initial funding window for the purchase orders coincided with the Lunar New Year holiday, which affected banking operations in the Asia-Pacific region [1][1][1] - With financial institutions now fully operational, the company expects deposit progression to align with normal regional commercial cycles [1][1][1] Operational Execution - AZIO AI is closely coordinating with supply chain and logistics partners to ensure delivery readiness as funding milestones are met [1][1][1] - The company is focused on disciplined execution and capital efficiency to support infrastructure deployments across both government and enterprise sectors [1][1][1]

Core Insights - The company, Envirotech Vehicles, Inc. (NASDAQ:EVTV), has accepted delivery of initial high-performance compute systems from AZIO AI Corporation [1] - The systems will be integrated into the company's modular artificial intelligence infrastructure platform [1] - The collaboration between the two companies is part of a strategic framework and ongoing due diligence process [1] Group 1 - The delivery marks a significant advancement in collaborative deployment efforts between Envirotech Vehicles and AZIO AI [1] - The installation, commissioning, and integration of the systems are scheduled to proceed as planned [1] - The partnership aims to enhance the company's AI capabilities through the new infrastructure [1]

Core Insights - Azio AI Corporation has received its first purchase order from Envirotech Vehicles, Inc. for twenty-eight next-generation ASIC compute systems as part of an infrastructure validation initiative [1] - The collaboration aims to validate high-density power utilization, immersion cooling efficiency, uptime resilience, and compute economics under continuous-load conditions [1] Group 1: Strategic Deployment - Azio AI expects to begin delivery of the ASIC systems in the coming weeks, which will be deployed within EVTV's liquid-immersion-cooled modular container infrastructure platform [1] - The deployment will involve Azio AI's engineering team, including personnel with prior experience at NVIDIA, to support deployment, validation, and operational streamlining [1] - EVTV will own the ASIC compute systems while maintaining lease rights to the containerized power infrastructure [1] Group 2: Validation Phase - The initial ASIC deployment is structured to support specialized SHA-256 compute workloads, generating Bitcoin yields while establishing operational benchmarks for scalable multi-megawatt expansion [1] - The systems are expected to validate sustained high-density power utilization and immersion cooling efficiency [1]

Core Insights - Envirotech Vehicles, Inc. (EVTV) has made significant operational advancements in its modular data and power infrastructure initiative in collaboration with AZIO AI Corporation [1] - The completion of an on-site engineering and technical validation review marks a transition from design and feasibility into execution [1] - Comprehensive technical assessments have been completed across fuel, power, and compute systems, establishing confirmed pathways for deployment [1]

Core Insights - Envirotech Vehicles, Inc. (EVTV) and AZIO AI Corporation have achieved a significant milestone in their AI infrastructure program with the successful delivery and installation of a 40-foot immersion-cooled AI data center container [1][2][5] - The immersion-ready container is designed to enhance thermal efficiency, system stability, and operational resilience for high-density AI computing [3][5] - The deployment aligns with EVTV's strategy to diversify revenue streams and engage in advanced infrastructure markets beyond its core vehicle manufacturing business [5] Infrastructure Details - The 40-foot immersion-ready data center container has been fully connected to power and network infrastructure and configured for immersion cooling [2][8] - The project is now in the final engineering phase for CPU integration and system commissioning, with a focus on performance validation [5][8] - The design aims for greater than 99% uptime under steady-state operations and competitive power usage effectiveness (PUE) for immersion-cooled deployments [8] Company Background - Envirotech Vehicles, Inc. is focused on enhancing long-term shareholder value through strategic initiatives, including platform transformation and selective acquisitions [6] - AZIO AI specializes in scalable, power-efficient AI data centers and mission-critical compute solutions [7]

Core Viewpoint - Envirotech Vehicles, Inc. (EVTV) is addressing a Nasdaq compliance matter that is procedural and administrative, not affecting its operational performance or strategic initiatives with AZIO AI [2][3][4]. Group 1: Nasdaq Compliance Matter - The compliance issue is related to the completion of routine annual proxy items following the annual meeting, with a substantial portion of votes already received [2]. - EVTV is actively soliciting the remaining votes needed to satisfy quorum and conclude the meeting in accordance with Nasdaq requirements [2][3]. - This matter does not impact the company's ongoing operations or growth initiatives, and the proxy process is expected to be completed in the ordinary course [3][7]. Group 2: Strategic Execution with AZIO AI - The company is executing under a defined transaction and operational framework with AZIO AI, focusing on scalable AI infrastructure and next-generation mobility solutions [5]. - The alignment with AZIO AI is viewed as a significant strategic opportunity, with a focus on disciplined execution and building durable shareholder value [6]. - Any potential merger or business combination with AZIO AI will require a separate shareholder vote, which will be conducted in compliance with applicable laws and regulations [4].

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Group 1: Premarket Gainers - Smart Logistics Global Limited (SLGB) is up 198% at $3.67 [3] - Brand Engagement Network, Inc. (BNAI) is up 67% at $10.29 [3] - Boxlight Corporation (BOXL) is up 56% at $1.96 [3] - Moolec Science SA (MLEC) is up 51% at $6.64 [3] - Anteris Technologies Global Corp. (AVR) is up 15% at $6.63 [3] - Hycroft Mining Holding Corporation (HYMC) is up 10% at $47.20 [3] - Nathan's Famous, Inc. (NATH) is up 8% at $100.94 [3] - Progress Software Corporation (PRGS) is up 6% at $41.05 [3] - LightPath Technologies, Inc. (LPTH) is up 5% at $14.81 [3] - ZenaTech, Inc. (ZENA) is up 5% at $4.33 [3] Group 2: Premarket Losers - Top Wealth Group Holding Limited (TWG) is down 29% at $3.81 [4] - Solo Brands, Inc. (SBDS) is down 21% at $5.25 [4] - GlucoTrack, Inc. (GCTK) is down 19% at $3.07 [4] - Galaxy Payroll Group Limited (GLXG) is down 19% at $2.26 [4] - INVO Fertility, Inc. (IVF) is down 13% at $2.04 [4] - Black Titan Corporation (BTTC) is down 11% at $2.11 [4] - Envirotech Vehicles, Inc. (EVTV) is down 10% at $3.30 [4] - Erasca, Inc. (ERAS) is down 6% at $9.21 [4] - ENDRA Life Sciences Inc. (NDRA) is down 6% at $4.31 [4] - Bonk, Inc. (BNKK) is down 6% at $3.74 [4]

Core Insights - AZIO AI and Envirotech Vehicles, Inc. are executing a scalable AI infrastructure program aimed at supporting real-world compute workloads with purpose-built cooling systems and self-owned power [1][2] - The global market for AI infrastructure is rapidly expanding, measured in tens of billions of dollars annually, driven by the adoption of AI technologies and increasing energy efficiency demands [14][15] Infrastructure Design - AZIO AI's infrastructure is specifically engineered for high-density AI computing, optimizing thermal performance, power efficiency, and operational reliability from inception [3][4] - The integration of cooling and power at the infrastructure level aims to enhance performance predictability and reduce reliance on third-party utilities [4] Power Strategy - The infrastructure employs on-site, behind-the-meter power generation, allowing AZIO AI greater control over costs, uptime, and expansion timelines [5][6] - This power strategy is designed to be repeatable across future sites, facilitating faster deployment as demand increases [6] Deployment and Operations - The initial deployment in Texas utilizes natural gas from oil field sites for continuous power generation, serving as a reference environment for evaluating system performance [7][8] - Insights gained from this deployment will inform future infrastructure designs and operations in various international markets facing similar energy constraints [9][10] Performance Measurement - The system is built to handle sustained computing demands, enabling real-time performance measurement across various operational metrics [11][12] - Data collected from live operations will be used to refine infrastructure design and improve cost efficiency for larger-scale facilities [12] Modular Architecture - AZIO AI's modular design allows for incremental expansion of compute and power capacity while maintaining performance standards [13] - Initial configurations can support approximately 500 kilowatts of compute load, with pathways for scaling to multiple megawatts [13] Market Context - The demand for AI compute and supporting infrastructure is accelerating due to the rise of large language models and enterprise AI initiatives, with significant growth expected in the coming years [14][15] - AZIO AI's integrated approach positions the company to capitalize on this expanding market as deployments scale [15]

Company Highlights - Envirotech Vehicles, Inc. (NASDAQ:EVTV) experienced a price surge to $1.37, marking an increase of approximately 195.83%, driven by investor optimism around zero-emission electric vehicles and a merger framework with AZIO AI [1][6] - Lulu's Fashion Lounge Holdings, Inc. (LVLU) recorded a price jump to $14.94, translating to a 120.75% increase, benefiting from strong e-commerce trends and a 5% stake acquisition by Friedland Enterprises advocating for governance reforms [2][6] - Wheels Up Experience Inc. (UP) saw its price increase to $1.09, up by 61.98%, as interest in private aviation services rebounds, although trading volume declined by 57% from the average [3] - Biodesix, Inc. (BDSX) had its price rise to $8.42, a 54.21% increase, driven by advancements in diagnostic solutions and positive preliminary revenue results for Q4 and full-year 2025 [4] Industry Trends - The movements in these companies reflect a mix of sector-specific trends, including the growing emphasis on sustainable transportation, innovative healthcare solutions, and the rebound in travel and e-commerce [5]