VivoPower's Tembo Unit Announces Collaboration With EDGE Group's AL TAIF, A Ground Military MRO Company Based In The United Arab Emirates
Portfolio Pulse from Benzinga Newsdesk
VivoPower's subsidiary, Tembo, has signed a memorandum of understanding with AL TAIF, a UAE-based military MRO company. The collaboration aims to explore the distribution of Tembo EV conversion kits, R&D, training, and local assembly operations in the UAE.
June 13, 2023 | 1:06 pm
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VivoPower's Tembo unit collaborates with UAE's AL TAIF for potential distribution of EV conversion kits and local assembly operations.
The collaboration with AL TAIF, a leading military MRO company in the UAE, opens up new market opportunities for VivoPower's Tembo unit. The potential distribution of EV conversion kits and local assembly operations in the UAE could lead to increased revenue and growth for VivoPower, positively impacting its stock price in the short term.
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