LONDON, May 30, 2025 (GLOBE NEWSWIRE) – VivoPower International PLC (Nasdaq: VVPR) has issued a correction to its May 28, 2025 press release concerning its XRP-focused digital asset treasury strategy and a US$121 million private placement. The correction clarifies the spelling of the name of His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud, who has confirmed his support for the project.
A Pivot to Digital Assets: VivoPower’s Strategic Shift
VivoPower International PLC (NASDAQ: VVPR) is making a bold move. The company is undergoing a strategic transformation, positioning itself as a pioneer in the XRP-focused digital asset space. This marks a significant pivot for the firm, signaling a long-term commitment to the digital asset landscape. The core of this new strategy involves the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury. This is not merely a speculative bet; it’s designed to actively contribute to the expansion and application of the XRP Ledger (XRPL), supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.
Founded in 2014 and listed on Nasdaq since 2016, VivoPower has established a global footprint, with operations spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. The company, previously recognized as a B Corporation focused on sustainable energy solutions, currently operates through two primary business units. Tembo concentrates on electric solutions tailored for off-road and on-road applications, along with related offerings such as financing, charging, batteries, and microgrids. Caret Digital focuses on maximizing the value of renewable energy sources, including applications in digital asset mining.
Navigating the Future: Forward-Looking Statements
This communication contains forward-looking statements that are subject to federal securities laws. These statements encompass projections, forecasts, and other assessments of future events and circumstances, including the underlying assumptions. Terms like “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar phrases may indicate forward-looking statements, although the absence of these terms does not automatically exclude a statement from being considered forward-looking. These include statements about performance achievements and the anticipated benefits of the events or transactions discussed in this communication, along with related expected returns. These statements rely on VivoPower’s current expectations and are subject to risks, uncertainties, and changing conditions. Actual outcomes may differ significantly due to economic, business, competitive, and regulatory factors, as well as other risks and uncertainties affecting VivoPower’s business operations. These include shifts in business conditions, fluctuations in customer demand, changes in accounting interpretations, the challenges of rapid growth management, competitive pressures, changes in economic conditions, geopolitical events, and regulatory developments, among others, as outlined in VivoPower’s filings with the United States Securities and Exchange Commission. Investors are advised to consider these risks when evaluating the information provided. VivoPower has no obligation and explicitly disclaims any responsibility to update or revise its forward-looking statements, whether in response to new information, future events, changing assumptions, or otherwise.
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