AWN Holdings Limited’s (ASX: AWN) subsidiary VivoPower International PLC has signed a definitive agreement with Canadian industrial equipment distributor Acces Industriel Mining Inc.
Under the agreement, Access will distribute electric light vehicles (e-LVs) in Canada, using e-LV conversion kits from VivoPower’s wholly-owned subsidiary Tembo e-LV B.V.
Acces intends to purchase 1,675 Tembo e-LV conversion kits between now and December 2026. The Company estimates these orders to be worth US$120 million in total value over the next five-and-a-half years, with a delivery schedule weighted towards the latter part of the Distribution Agreement period. Acces will be responsible for acquiring original vehicles from Toyota, converting the vehicles to ruggedized e-LVs using the Tembo solutions, selling the units to end-customers and providing ongoing servicing and maintenance.
The Tembo kits transform diesel-powered Toyota LandCruiser and Hilux vehicles into ruggedized e- LVs for use in mining and other hard-to-decarbonize sectors, including construction and defense. Alongside solar generation, battery storage and on-site power distribution, Tembo e-LV products are a key component of VivoPower’s turnkey net-zero solutions for corporate decarbonization.
The Distribution Agreement follows January’s distribution agreement with GB Auto Group Pty Limited and GB Electric Vehicles Pty Ltd (collectively, “GB Auto”). The Company has announced plans to complete a global Tembo distribution network by the end of this year, and discussions with other distributors are active and ongoing across Europe, Africa, the Middle East, the Americas and Asia.
Executive Chairman and CEO, Kevin Chin, said VivoPower selected Acces as the company’s distribution partner in Canada because of Acces’s established, long-term experience supplying, customizing and servicing Toyota LandCruisers, as well as its extensive active relationships with dozens of mining companies which make Acces a leading provider of ruggedised vehicle solutions to Canada’s mining segment.
Both VivoPower and Acces continue to see significant demand for corporate decarbonisation solutions, and we look forward to working together to help Canadian organisations achieve their net zero ambitions,” Mr Chin said.