Valoe Corporation and TIP Group have signed a contract for integrating Valoe solar systems onto refrigerated trailers managed by TIP. The intention of the contract is to equip hundreds of trailers by the end of 2025. The value of the agreement is approx.

20 M€ by the end of 2025 provided the mutually accepted KPIs are met. Valoe builds the four pilot trailers in early 2023 and will deliver the first trailer to TIP's customer at the end of First Quarter 2023. If the pilot trailers meet the mutually agreed Key Performance Indicators (KPIs), TIP and Valoe will continue the integration project by equipping more trailers by the end of 2025.

The total value of the contract is approximately €20 million, with delivery of solar systems worth approximately €0.6 million expected in 2023.