P efe ed AI te a t selected based o comme cial te ms, fi a cial st e gth, c edit quality, a d ope atio al alig me t with the lo g-du atio lease st uctu e
Fu the a ou ceme t with cou te pa ty ide tity a d mate ial comme cial te ms expected i the ea te m, subject to a d upo executio of legal docume tatio
The p efe ed cou te pa ty is a global AI i dust y leade that was selected f om a competitive field of p ospective AI te a ts a d was assessed by the Compa y as supe io ac oss each of the p eviously disclosed evaluatio c ite ia — comme cial te ms, fi a cial st e gth a d c edit quality, ope atio al alig me t, st ategic fit, a d optio ality fo capacity expa sio .
Reflecti g the st ategic fit ide tified th ough the selectio p ocess, the bilate al discussio s have exte ded beyo d the Mo i Ra a data ce te . Additio al a a geme ts u de egotiatio elate to the Compa y’s wide powe ed la d a d data ce te developme t pipeli e, a d if p og essed to completio , would be expected to deepe the elatio ship with the selected cou te pa ty ac oss multiple ju isdictio s.
Subject to executio of legal ag eeme ts, the Compa y expects to make a fu the a ou ceme t i the ea te m disclosi g the ide tity of the cou te pa ty a d the mate ial comme cial te ms of the lease a d a y additio al st ategic a a geme ts.
Mo i Ra a is a fully ope atio al 41.5MW data ce te i o the No way, powe ed by 100% e ewable hyd oelect ic e e gy at a cost below US$0.05/kWh — amo g the lowest i Eu ope. A fu the 40MW of pe mitted expa sio capacity may be e e gized withi 18 to 24 mo ths, subject to egulato y app oval, taki g total site capacity above 80MW.
O igi ally fou ded i 2014 a d listed o Nasdaq si ce 2016, VivoPowe is a awa d-wi i g B Co po atio with data ce te a d powe ed la d i f ast uctu e ac oss No way, Fi la d, a d the U ited A ab Emi ates. The Compa y’s missio is to be the i depe de t, t usted pa t e fo sove eig atio s that develop a d ope ate sustai able data ce te i f ast uctu e, e su i g sove eig co t ol ove powe , data, a d atio al i tellige ce. I doi g so, VivoPowe helps sove eig atio s b idge the gap betwee thei e e gy assets a d thei AI ambitio s by p ovidi g the Powe -to-X i f ast uctu e ecessa y to build a d co t ol thei ow domestic i tellige ce hubs.
This commu icatio co tai s “fo wa d-looki g stateme ts” withi the mea i g of Sectio 27A of the Secu ities Act of 1933 a d Sectio 21E of the Secu ities Excha ge Act of 1934, as ame ded, i cludi g stateme ts ega di g the Compa y’s ability to e te i to defi itive ag eeme ts with the selected cou te pa ty o favo able te ms, the timi g of a y such ag eeme ts a d of a y fu the a ou ceme t (which is expected i the ea te m), the scope of additio al a a geme ts u de egotiatio , the Compa y’s expected fi a ci g app oach, the futu e developme t of the Mo i Ra a site, a d the expa sio of pe mitted capacity. Fu the mo e, the e ca be o assu a ce that a lo g te m lease will be e te ed i to with the p efe ed te a t o what the te ms of such lease might be, u til such time defi itive a d bi di g legal docume tatio is executed by both pa ties.
These fo wa d-looki g stateme ts i volve k ow a d u k ow isks, u ce tai ties a d othe facto s that may cause actual esults, pe fo ma ce o achieveme ts to diffe mate ially f om those exp essed o implied. Such facto s i clude, without limitatio : (i) failu e to each defi itive ag eeme t with the selected cou te pa ty o the cou te pa ty faili g to satisfy its obligatio s u de a y defi itive ag eeme t; (ii) i ability of the Compa y to sou ce asset-level fi a ci g o acceptable te ms o at all; (iii) egulato y delays o adve se egulato y dete mi atio s affecti g capacity expa sio at Mo i Ra a o othe sites; (iv) cha ges i powe availability, g id access, o p ici g i No way; (v) adve se developme ts i the b oade AI i f ast uctu e ma ket that affect the c editwo thi ess, fi a ci g, o ope atio al pla s of the selected cou te pa ty; (vi) cu e cy, geopolitical, a d mac oeco omic facto s affecti g the Compa y’s ope atio s i No way a d othe ju isdictio s; a d (vii) the othe mate ial isk facto s desc ibed i VivoPowe ’s a ual epo t o Fo m 20-F a d pe iodic epo ts o Fo m 6-K filed with o fu ished to the U ited States Secu ities a d Excha ge Commissio .
VivoPowe u de takes o obligatio to update o evise a y fo wa d-looki g stateme t, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise, except as equi ed by applicable law. Nothi g i this commu icatio should be co st ued as c eati g a y obligatio o the pa t of the Compa y to make a fu the a ou ceme t withi a y specified timef ame, except as may be equi ed by applicable law o egulatio .
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