VivoPower's Tembo Signs Definitive Distribution Agreement with the Kingdom of Saudi Arabia's Green Watt Worth up to an Estimated US$85 Million over 5 Years

Core Insights - VivoPower's subsidiary Tembo has signed a distribution agreement with Green Watt to sell and distribute 1,600 electric utility vehicle (EUV) units in Saudi Arabia, valued at up to US$85 million by 2030 [1][3][6] - Green Watt, established in 2016, focuses on renewable energy and environmental sustainability, serving major clients like Aramco and Halliburton [2][10] - The partnership aims to advance sustainable energy solutions in Saudi Arabia, aligning with the country's ambitious carbon reduction targets [4][6] Company Overview - VivoPower is a global sustainable energy solutions provider, listed on Nasdaq since 2016, focusing on electric solutions for ruggedized fleet applications [7] - Tembo specializes in 100% electric utility vehicles for various sectors, including mining and agriculture, aiming to provide safe and reliable electrification solutions [8][9] - Green Watt emphasizes environmental protection and energy conservation, offering solutions that reduce power consumption and carbon footprint [11]