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Stock impact report

1,300 E-JEEPNEY ORDER COMMITMENTS IN THE PHILIPPINES FOR TEMBO FRANCISCO MOTORS JOINT VENTURE [Yahoo! Finance]

VivoPower International PLC - Ordinary Shares (VVPR) 
US:NASDAQ Investor Relations: vivopower.com/shareholders
Company Research Source: Yahoo! Finance
Total addressable market to electrify 200,000 existing jeepneys estimated to be worth US$10bn+ LONDON, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Tembo E-LV BV (“Tembo”), a subsidiary of the NASDAQ listed B Corp, VivoPower International PLC (Nasdaq: VVPR, “VivoPower”), announced today that, pursuant to its definitive joint venture agreement with Francisco Motor Corporation (“Francisco Motors”), it has been advised by Francisco Motors of a total of 1,300 order commitments received from several leading jeepney co-operatives in the Philippines, including Laguna, First Isabela, Progressive and Cazanova. Elmer Francisco, Chairman of Francisco Motors, said: “We are excited to have procured 1,300 order commitments worth an estimated US$30 million from leading jeepney co-operatives that have paid or committed to paying non refundable deposits to secure their slots for the assembly of e-jeepneys that we are building with the support of our partner, Tembo. Our shared purpose of wanting to revive th Show less Read more
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