VivoPower's Tembo signs Definitive Supply Agreement with pre-eminent African safari operator Asilia Africa

Core Insights - VivoPower's subsidiary Tembo has entered a definitive supply agreement with Asilia Africa to provide EUV25 EPower conversion kits for Landcruisers, starting February 2025, marking a significant step towards decarbonizing the tourism sector in Africa [1][2] - The partnership aims to establish both companies as leaders in sustainable tourism, with a focus on reducing diesel consumption and carbon emissions across Asilia's 16 camps [1][5] - Tembo's electric utility vehicles will operate entirely on renewable energy, enhancing operational resilience and contributing to both companies' net-zero goals [1][5] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for ruggedized fleet applications [10] - Asilia Africa, founded in 2004, is a leader in immersive safari experiences in East Africa, operating 16 camps and employing nearly 1,000 people [3][12] - Both companies are Certified B Corporations, emphasizing their commitment to environmental stewardship and social responsibility [4][13] Partnership Details - The first phase of the agreement includes local assembly of the EUV25 EPower kits in Kenya, with the aim of replacing diesel-powered vehicles in ecologically sensitive areas [2][5] - The initiative is expected to significantly lower Asilia's carbon emissions and enhance the safari experience for guests while supporting local communities [7][5] - The collaboration reflects a shared commitment to responsible tourism and innovation, ensuring the preservation of Africa's ecosystems [6][7]