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81vette

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81vette

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Thursday, 01/26/2023 11:53:50 AM

Thursday, January 26, 2023 11:53:50 AM

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Tembo and Toyota Motor Corporation Australia Limited ("Toyota Australia") have now concluded the Design Services Agreement with Toyota Australia for the LandCruiser 70 Series. VivoPower and Toyota Australia will each continue to explore opportunities as part of their commitments to a sustainable future.

VivoPower has secured further bridge financing from its major shareholder, AWN Holdings Limited ("AWN") of US$3 million, which will be used for Tembo's growth, including the engineering, assembly and delivery of conversion kits. AWN has also agreed to amend the loan and bridge financing facilities terms so as to extend the repayment date by 18 months to 1 April 2025.
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