Envirotech Vehicles Enters Exclusive Acquisition Framework with AZIO AI

Envirotech Vehicles entered into an exclusive strategic acquisition framework with AZIO AI. The framework outlines a proposed combination that would accelerate EVTV's evolution into a multi-vertical AI infrastructure platform, extending beyond mobility into AI compute layers that power real-world systems, including sovereign data centers, enterprise AI workloads, AI-enabled agriculture, and drone operations. AZIO AI was formed as a strategic spin-off from AZIO Corporation, an established technology company with long-standing experience in enterprise hardware distribution and infrastructure solutions. Through its origins, AZIO AI benefits from: Direct exposure to enterprise-grade server and GPU platforms; Operational experience as a distributor of Supermicro-class infrastructure; Established supplier, logistics, and integration relationships; A commercial mindset rooted in real deployments, not theoretical research AZIO AI was spun out as a separate, independent company to focus exclusively on AI compute, data-center infrastructure, and applied AI systems, allowing it to move quickly in global markets while maintaining enterprise-grade standards. During its initial commercial ramp, AZIO AI generated an active sales pipeline exceeding $50M, reflecting early engagement from government-adjacent programs, enterprises, research institutions, and infrastructure operators. Under the framework, AZIO AI's leadership team would be positioned to play a central role in shaping EVTV's long-term AI and infrastructure strategy, subject to completion of the transaction. The exclusive framework outlines a path toward a potential merger transaction under which EVTV would acquire 100% of AZIO AI, subject to: Completion of due diligence; Execution of definitive agreements; Registration of shares via a Form S-4; Regulatory and shareholder approvals. There can be no assurance that a definitive transaction will be completed.