VivoPower Enters Heads of Agreement with KOSDAQ Listed KWeather to Launch Initial US$5 Million XRP Focused Digital Asset Reserve & WeatherCoin Tokenization Project in South Korea

Core Insights - KWeather is South Korea's largest weather data company, established in 1997 and publicly listed since 2024, holding approximately 90% market share in the weather industry [3][5][6] - VivoPower has signed a non-binding heads of agreement with KWeather to invest US$5 million for a ~20% stake, aiming to launch the world's first WeatherCoin for climate risk management [1][4] - Vivo Federation, VivoPower's digital assets division, will serve as KWeather's exclusive partner for crypto and tokenization initiatives [1][2] Company Overview - KWeather's core business includes weather and air data as a service (DaaS) and air measurement and improvement solutions [3][5] - VivoPower International PLC focuses on sustainability and is undergoing a digital asset transformation, with a strategy centered on acquiring and managing XRP digital assets [7][8] Strategic Partnership - The partnership will allow KWeather to become the first publicly listed company in South Korea to provide exposure to XRP and potentially Ripple Labs shares [1][4] - VivoPower will have two representatives on KWeather's board, enhancing its influence and strategic direction [1][4] - The partnership is expected to leverage KWeather's extensive weather data for developing blockchain-based solutions [4][6]