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VIVOPOWER INTERNATIONAL PLC

(VVPR)
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VivoPower International PLC Secures Settlement and Full Control of Joint Venture US Solar Development Portfolio

07/02/2021 | 09:15am EDT

LONDON, July 02, 2021 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that the Company has secured a settlement resulting in it gaining full ownership of the remaining 50% of the equity interest in its solar development portfolio in the United States (the “Portfolio”). Ownership of the Portfolio was previously shared 50/50 with the Company’s former joint venture partner, Innovative Solar Systems LLC (“ISS”).

Ownership of the remaining 50% interest in the Portfolio was acquired by the Company from ISS for nominal consideration under the terms of the settlement between the Company and ISS.

About VivoPower

VivoPower is a sustainable energy solutions company focused on battery storage, electric solutions for customized and ruggedized fleet applications, solar and critical power technology and services. The Company's core purpose is to provide its customers with turnkey decarbonization solutions that enable them to move toward net zero carbon status. VivoPower is a certified B Corporation with operations in Australia, Canada, the Netherlands, the United Kingdom and the United States.


Contact

Investor Relations

shareholders@vivopower.com

Press

rmorganevans@edisongroup.com

ę GlobeNewswire 2021
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Financials (USD)
Sales 2022 52,3 M - -
Net income 2022 -0,67 M - -
Net cash 2022 15,0 M - -
P/E ratio 2022 -141x
Yield 2022 -
Capitalization 106 M 106 M -
EV / Sales 2022 1,73x
EV / Sales 2023 -
Nbr of Employees 255
Free-Float 39,7%
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Mean consensus BUY
Number of Analysts 0
Last Close Price 5,71 
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Spread / Average Target -
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Managers and Directors
Tser Fah Chin Executive Chairman & Chief Executive Officer
Matthew Cahir President & Non-Executive Director
James Tindal-Robertson Group Finance Director
William Langdon Independent Non-Executive Director
Peter Jeavons Independent Non-Executive Director
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