Correction: VivoPower Selects Global AI Industry Leader as Preferred Tenant for Lease of Norway Operational Data Center
P efe ed AI te a t chosen primarily based o comme cial te ms, fi a cial st e gth, c edit high 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 anticipated i the ea te m, topic to a d upo executio of authorized docume tatio
The p efe ed cou te pa ty is a worldwide AI i mud y leade that was chosen f om a aggressive area of p ospective AI te a ts a d was assessed by the Compa y as supe io ac oss every of the p eviously disclosed evaluatio c ite ia — comme cial te ms, fi a cial st e gth a d c edit high quality, ope atio al alig me t, st ategic match, a d optio ality fo capability expa sio .
Reflecti g the st ategic match ide tified th ough the selectio p ocess, the bilate al discussio s have exte ded beyo d the Mo i Ra an information ce te . Additio al a a geme ts u de egotiatio elate to the Compa y’s large powe ed la d a d knowledge ce te developme t pipeli e, a d if p og essed to completio , could be anticipated to deepe the elatio ship with the chosen cou te pa ty ac oss a number of ju isdictio s.
Topic to executio of authorized 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 totally ope atio al 41.5MW knowledge ce te i o the No approach, powe ed by 100% e ewable hyd oelect ic e e gy at a value under US$0.05/kWh — amo g the bottom i Eu ope. A fu the 40MW of pe mitted expa sio capability could also be e e gized withi 18 to 24 mo ths, topic to egulato y app oval, taki g complete web site capability 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 knowledge ce te a d powe ed la d i f ast uctu e ac oss No approach, 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 ready knowledge ce te i f ast uctu e, e su i g sove eig co t ol ove powe , knowledge, a d atio al i tellige ce. I doi g so, VivoPowe helps sove eig atio s b idge the hole betwee thei e e gy belongings a d thei AI ambitio s by p ovidi g the Powe -to-X i f ast uctu e ecessa y to construct a d co t ol thei ow home 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 skill to e te i to defi itive ag eeme ts with the chosen cou te pa ty o favo ready 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 anticipated i the ea te m), the scope of additio al a a geme ts u de egotiatio , the Compa y’s anticipated fi a ci g app oach, the futu e developme t of the Mo i Ra a web site, a d the expa sio of pe mitted capability. Fu the mo e, the e ca be o assu a ce {that a} lo g te m lease can be e te ed i to with the p efe ed te a t o what the te ms of such lease may be, u til such time defi itive a d bi di g authorized docume tatio is executed by each pa ties.
These fo wa d-looki g stateme ts i volve ok ow a d u ok ow isks, u ce tai ties a d othe facto s which will trigger precise esults, pe fo ma ce o achieveme ts to diffe mate ially f om these exp essed o implied. Such facto s i clude, with out limitatio : (i) failu e to every defi itive ag eeme t with the chosen cou te pa ty o the cou te pa ty faili g to fulfill its obligatio s u de a y defi itive ag eeme t; (ii) i skill of the Compa y to sou ce asset-level fi a ci g o acceptable te ms o in any respect; (iii) egulato y delays o adve se egulato y dete mi atio s affecti g capability expa sio at Mo i Ra a o othe websites; (iv) cha ges i powe availability, g id entry, o p ici g i No approach; (v) adve se developme ts i the b oade AI i f ast uctu e ma ket that have an effect on the c editwo thi ess, fi a ci g, o ope atio al pla s of the chosen 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 approach 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-Okay filed with o fu ished to the U ited States Secu ities a d Excha ge Commissio .
VivoPowe u de takes o obligatio to replace 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 smart, besides as equi ed by relevant legislation. Nothi g i this commu icatio ought to 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, besides as could also be equi ed by relevant legislation o egulatio .
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