VivoPower International PLC And Tembo Announce Design Services Agreement With Toyota Australia [TheStreet.com]
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Source: TheStreet.com
Toyota Australia is a wholly owned subsidiary of Toyota Motor Corporation, the world's largest car manufacturer VivoPower has now established a Tembo Australia subsidiary and dedicated Tembo resources to this T oyota Australia program me LONDON, May 20, 2022 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") is pleased to announce that it has executed a Design Services Agreement ("DSA") with Toyota Motor Corporation Australia Limited ("TMCA" or "Toyota Australia") for its wholly owned subsidiary, Tembo e-LV ("Tembo") to be commercially engaged in relation to the next stage of design of electrification solutions for the Toyota LandCruiser 70 for off-road applications in Australia. The DSA reflects the commercial next step in Tembo's collaboration programme with TMCA, which was initially announced as a binding letter of intent in June 2021. VivoPower has established a Tembo subsidiary in Australia and will commit dedicated Tembo resources to
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