Volt Group (ASX: $VPR) announcement overview

Volt Group Limited (ASX: $VPR) has announced that its wholly owned EcoQuip business has secured an 'evergreen' Plant Hire Contract with Thiess Pty Ltd, the world's largest contract mining company. The contract covers the deployment of EcoQuip's Mobile Solar Light Towers (MSLT) & Mobile Solar Communications Towers (MSCT) across Thiess' contract mining operations, demonstrating the 'mission critical' reliability, performance capabilities, and cost-saving benefits of the EcoQuip OEM Technology Platform.

Executive commentary on Thiess Contract

Securing the Thiess Contract is an outstanding achievement and opportunity for our EcoQuip business. Thiess is the world's largest contract mining business established by two brothers almost a century ago. Thiess' history is populated with industry leading achievements which include pioneering many new equipment innovations to reduce mining costs and enhance safety - it's a great Australian success story. EcoQuip management has dedicated many years to create a 'class leading' Mobile Solar Light & Communications Tower capable of delivering Scope 1 emission reduction, cost reduction, and safety benefits. Deployment of an EcoQuip MSLT & MSCT fleet to support Thiess' energy transition strategy and future innovation initiatives is compelling. We remain excited about the growth potential of our EcoQuip business.

Summary of Volt Group's announcement

Volt Group Limited (ASX: $VPR) has successfully secured an 'evergreen' Plant Hire Contract with Thiess Pty Ltd, the world's largest contract mining company, for the deployment of EcoQuip's Mobile Solar Light Towers (MSLT) & Mobile Solar Communications Towers (MSCT) across Thiess' contract mining operations. This contract win is a significant market validation achievement for the EcoQuip Technology Platform, highlighting the competitive advantage and dynamic application of the EcoQuip OEM Technology Platform. The company's Executive Chairman, Adam Boyd, expressed excitement about the future global growth potential of EcoQuip's innovative energy transition equipment technologies. The announcement reflects the company's ambitions to continue developing and commercializing ESG focused, zero emission power generation and hydrogen production technologies, as well as next-generation mining equipment.