VivoPower Shares Rise 21% After Distribution Deal for EV Chargers

marketwatch2023-05-17

By Chris Wack VivoPower International shares were up 21% to 56 cents after the company said it has signed a definitive partnership agreement to market and distribute Vital EV Solutions fleet charging ...

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The stock closed Monday down 11%, and is down 48% in the past 12 months.  Vital EV is a specialist UK-headquartered company, offering a range of electric vehicle charging solutions for fleet owners, and is the official re-seller of Kempower charging stations and service solutions in the UK and across Africa. Under the agreement, VivoPower will be able to offer to its customers and partners a wide range of EV fleet charging products and services from Vital EV and Kempower for an initial term of three years. These products include multi-voltage lightweight movable rapid chargers, hub-and-spoke rapid and ultra-rapid charging systems, satellite dispensers as well as conventional station chargers. 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