VivoPower Subsidiary Tembo Secures $85M Agreement From Green Watt to Supply 1,600 Electric Utility Vehicles to Saudi Arabia Over The Next Five Years

-3.53%

VivoPower International PLC

VVPR

4.62

-3.53%

Agreement with Green Watt represents Tembo's first deal in fast growing Saudi Arabian market

Green Watt has signed agreement with Tembo to sell and distribute 1,600 Tembo EUV units in the Kingdom of Saudi Arabia (KSA) up to 2030

Green Watt's customer base includes Aramco, the world's largest oil company, Halliburton, Honeywell, Baker Hughes and the Saudi Electric Company

LONDON, April 11, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ:VVPR) ("VivoPower" or the "Company") announced today that its subsidiary, Tembo e-LV ("Tembo"), has signed a Definitive Distribution Agreement ("Agreement") worth up to an estimated US$85 million with leading Saudi Arabian energy and environmental solutions provider Green Watt to sell and distribute 1,600 Tembo electric utility vehicle (EUV) units across the Kingdom of Saudi Arabia over the next five years.

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