Core Viewpoint - VivoPower International PLC's electric vehicle subsidiary, Tembo e-LV B.V., has extended its exclusive heads of agreement with Cactus Acquisition Corporation I to August 31, 2024, allowing more time to finalize a material transaction and update disclosures [1][15]. Company Overview - VivoPower is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications, including off-road and on-road vehicles, as well as ancillary services like financing, charging, battery, and microgrids [2]. - The company's mission is to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, the Netherlands, the UK, the US, the Philippines, and the UAE [2]. Tembo's Offerings - Tembo specializes in 100% electric utility vehicles designed for rugged and customized applications across various industries such as mining, agriculture, energy utilities, defense, and construction [3]. - The vehicles are engineered to meet high standards of safety, reliability, and quality, aiming to enhance the useful life of utility vehicle fleets, reduce costs, and support ESG goals [3].
VIVOPOWER'S TEMBO EXTENDS HEADS OF AGREEMENT EXCLUSIVITY FOR US$838M MERGER WITH CCTS