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EVTV Files Corporate Name Change to Azio AI Following Completed Merger; Announces $27.9 Million AI Infrastructure Hosting Agreement with Power Champion, Scalable to 12 MW Under Contracted Expansion Rights

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4 months ago

on

Houston, United States, July 9th, 2026, FinanceWire

Agreement establishes the Company’s first long-term contracted AI hosting relationship — initial 3.1 MW GPU deployment expected to generate approximately $27.9 million in capacity reservation charges, with expansion rights up to 12 MW representing a potential total contract value of approximately $100 million

Envirotech Vehicles, Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced that its corporate name change to Azio AI, Inc. has been filed and becomes effective Friday, July 10, 2026, with the corresponding ticker symbol change pending confirmation — completing the Company’s transformation into a dedicated AI infrastructure platform following the closing of the Azio AI merger. The Company also announced that it has entered into a power purchase and AI infrastructure hosting agreement with Power Champion Investment Limited (“Power Champion”) representing an expected total of approximately $27.9 million in capacity reservation charges over the initial contract term and establishing the Company’s first long-term contracted AI hosting relationship.

Corporate Name Change to Azio AI, Inc.

Following the closing of the Company’s merger with Azio AI, the Company has filed to formally change its corporate name from Envirotech Vehicles, Inc. to Azio AI, Inc. The name change will become effective on Friday, July 10, 2026. The corresponding change to the Company’s ticker symbol remains subject to confirmation, and the Company will announce the new ticker symbol and its effective trading date, together with any related CUSIP updates, promptly upon receipt of confirmation. Until that time, the Company’s common stock will continue to trade on Nasdaq under the symbol “EVTV.” Management believes the new corporate identity reflects the Company’s strategic evolution into an integrated AI infrastructure platform spanning AI data center development, enterprise GPU compute, digital power solutions and infrastructure services.

$27.9 Million AI Infrastructure Hosting Agreement

Power Champion has placed an initial deposit under the agreement, and the Company expects to provide approximately 3.1 megawatts (MW) of contracted hosting capacity, together with power delivery, fiber connectivity, remote operations, technical support and related infrastructure services. The agreement also provides Power Champion with expansion rights that could increase the deployment to as much as 12 MW, subject to future customer requirements, site availability, infrastructure readiness and the terms of the agreement.

Based on the initial contracted capacity, the Company expects the agreement to generate approximately $27.9 million in capacity reservation charges over the initial contract term, before electricity sales and additional infrastructure services. If Power Champion exercises its expansion rights in full and the deployment is increased to 12 MW, the Company estimates the total potential contract value could increase to approximately $100 million, before electricity sales and additional infrastructure services; however, no assurance can be given that any expansion rights will be exercised or that any additional capacity will be deployed. Additional terms of the agreement will be described in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

Building the Infrastructure That Enables AI

Artificial intelligence is no longer defined solely by advances in software or computing hardware. As enterprise adoption accelerates, organizations increasingly require the power, connectivity, hosting, operational support, and digital infrastructure necessary to deploy AI reliably and at scale. Management believes artificial intelligence is creating one of the largest digital infrastructure investment opportunities of the coming decade as enterprise demand shifts from computing hardware alone toward fully integrated infrastructure capable of supporting AI at scale.

The Company is positioning its business to meet that demand by integrating AI hosting, digital power, enterprise GPU compute, high-performance data center infrastructure, fiber connectivity, and managed technical services into a unified commercial offering designed to generate long-term recurring revenue. The Power Champion agreement represents an important step in executing that strategy.

Artificial intelligence may be powered by software. It is enabled by infrastructure. The Company — soon to operate as Azio AI, Inc. — is building the infrastructure businesses need to deploy AI reliably, efficiently, and at enterprise scale.

Strategic Highlights

Building a Recurring AI Infrastructure Revenue Platform

The Power Champion agreement represents more than a single customer deployment. It demonstrates the Company’s strategy of converting digital infrastructure assets into long-term contracted revenue through enterprise AI hosting, power delivery, connectivity, and infrastructure services — expanding beyond GPU-related equipment sales into recurring AI infrastructure, power and data center operations. Rather than competing within a single segment of the AI value chain, the Company is building an integrated AI infrastructure business designed to support enterprise customers across multiple infrastructure requirements while creating diversified, long-term recurring revenue opportunities.

Management believes this commercial model strengthens customer relationships, improves infrastructure utilization, and establishes a framework for future expansion as enterprise demand for AI infrastructure continues to grow. The Company expects the Power Champion agreement to serve as a foundation for additional customer deployments as it expands its AI infrastructure footprint under the Azio AI name. Future deployments remain subject to customer demand, available site capacity, infrastructure readiness, financing, regulatory requirements and other customary business conditions.

Management Commentary

“Artificial intelligence is transforming industries around the world, but AI cannot scale without the infrastructure required to support it,” said Chris Young, Chief Executive Officer. “This is a defining moment for our company. With the merger complete and our name change to Azio AI, Inc. taking effect this Friday, we are unifying our identity around the business we are building: a scalable AI infrastructure platform. Announcing our first long-term contracted AI hosting relationship — an approximately $27.9 million agreement — at the same time demonstrates that this strategy is already converting into contracted, recurring revenue.”

“Power Champion’s commitment and deposit reflect growing demand for reliable AI infrastructure capacity,” Mr. Young continued. “In addition to supplying GPU systems, we are developing long-term recurring revenue through hosting, power and infrastructure services. Our objective is to convert available power and site capacity into recurring contracted revenue while building a platform that can scale with enterprise GPU deployments over time.”

About Envirotech Vehicles, Inc.

Envirotech Vehicles, Inc. (Nasdaq: EVTV) is a technology infrastructure company focused on developing, owning, and operating artificial intelligence data centers, enterprise GPU compute infrastructure, digital power solutions, and digital asset mining operations. Following its acquisition of Azio AI, the Company operates an integrated AI infrastructure business encompassing AI data center development, the sale and distribution of enterprise GPU systems and server infrastructure, high-performance computing solutions, power hosting, and strategic technology investments, serving enterprise and institutional customers across domestic and international markets. Through this diversified AI infrastructure strategy, the Company is positioned to capitalize on the rapidly expanding global demand for AI infrastructure, compute capacity, digital power, and next-generation AI technologies.

For more information please visit: www.azioai.ai and for potential partnerships contact: AI@PhoenixMGMTconsulting.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “continue,” “potential,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include statements regarding the anticipated effectiveness and timing of the Company’s corporate name change and the anticipated timing and confirmation of any related ticker symbol or CUSIP updates; the expected capacity, revenue, reservation charges and services under the Power Champion agreement, including any exercise of expansion rights; the Company’s ability to capitalize on accelerating demand for AI infrastructure, enterprise GPU compute, digital power solutions, data center development, and digital asset infrastructure; the Company’s plans to continue expanding its digital infrastructure platform through AI data center development, enterprise GPU compute solutions, power hosting services, digital asset mining operations, strategic infrastructure investments, and additional commercial partnerships; the Company’s ability to maximize utilization of its power resources while creating multiple long-term revenue opportunities; the ability to continue deploying modular digital infrastructure at the Company’s South Texas site; the anticipated deployment and scaling of NVIDIA B200 and B300 GPU systems; the ability to advance and execute against the Company’s commercial infrastructure pipeline; the anticipated development of the Company’s footprint; the ability to monetize power assets across multiple complementary revenue streams, including AI data centers, enterprise compute infrastructure, power hosting, and digital asset mining operations; customer demand for AI infrastructure, enterprise compute, and digital infrastructure; the Company’s ability to build a scalable platform designed to serve that demand and create long-term shareholder value; and the Company’s broader business strategy and long-term growth objectives.

These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may affect actual results include, but are not limited to, the risk that the name change or the related ticker symbol change does not become effective on the anticipated timeline or at all, the Company’s limited operating history within AI infrastructure and compute operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability, finalization of site usage rights, regulatory considerations, equipment performance, ability to raise capital required for expansion activities, changes in digital asset markets, evolving compute demand, market conditions, the Company’s ability to successfully integrate the combined business following the completion of the merger, the risk that the anticipated benefits and synergies of the merger are not realized, the risk of unexpected costs, charges, or expenses resulting from or relating to the merger, potential adverse reactions or changes to business relationships resulting from the completion of the merger, risks related to the diversion of management’s attention from ongoing business operations during the post-closing integration period, the risk that required stockholder approval for the conversion of preferred stock issued in the merger as required by rules of The Nasdaq Stock Market LLC (the “Conversion Proposal”) is not obtained, and additional risks and uncertainties described in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements except as required by law.

Contact

Phoenix MGMT & Consulting
Press@PhoenixMGMTConsulting.com

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Press Release

Midwest Tree Passes 100 Google Business Profile Reviews

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23 minutes ago

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October 26, 2026

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Olathe, KS 66061, United States, 26th Oct 2026 – Midwest Tree, a tree service in Lenexa, Kansas, has passed 100 Google reviews. The milestone matters for a locally owned company because homeowners in Johnson County rely on neighbors’ reviews to choose tree care.

Midwest Tree Passes 100 Google Business Profile Reviews

Midwest Tree earned this milestone with years of dedicated service. The team answers calls, explains the plan, and shows up when scheduled. Experienced arborists look at each property and recommend the work each tree needs. Written estimates come free, and pricing stays clear before any cutting begins. The team hauls away debris when the work ends, so customers do not face a mess. That steady routine, repeated job after job, built the review count.

Google reviews let customers describe the job in their own words. Reviewers of Midwest Tree praise their transparency, honesty, and fair rates. Each review comes from a real customer who hired the company for work nearby. Read together, they show how a job goes from first call to final walkthrough. These details matter more than a star rating, because they describe what happened on the property.

Public reviews give every homeowner the same shared record to check. Anyone in Olathe, Overland Park, Shawnee, or Lenexa can read them before picking up the phone. A homeowner with a leaning oak can see how a company handled similar work. Readers can compare star ratings, read owner replies, and check how recently customers posted. That information cuts down guesswork before anyone books a crew or signs an estimate. Tree work carries real risk, so facts should guide the choice. Reviews give neighbors a fair way to compare their options.

More Available Information at https://midwesttreelenexa.com/ 

Potential customers can view every review on the Midwest Tree Google Business Profile. Property owners with tree work in mind can call and get a free written estimate. The company responds to emergency tree calls after storms and falling limbs. Visit their website to see the full list of services offered.

About Midwest Tree

Midwest Tree is a locally owned tree service based in Lenexa, Kansas. The company offers tree removal, trimming, cutting, stump grinding, and emergency service. It serves homeowners and businesses across Johnson County, including Olathe, Overland Park, and Shawnee. 

Media Contact

Organization: Midwest Tree

Contact Person: Mark Plaisted

Website: https://midwesttreelenexa.com/

Email: Send Email

Contact Number: +19134617800

Address: 2109 E Kansas City Rd #25

City: Olathe

State: KS 66061

Country: United States

Release id: 50204

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Midwest Tree Passes 100 Google Business Profile Reviews

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Press Release

Pluri and ZEO ScientifiX Partner to Expand U.S. Manufacturing and Commercial Platform

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1 hour ago

on

October 26, 2026

By

Haifa, Israel, October 26th, 2026, FinanceWire

Pluri and ZEO ScientifiX Partner to Expand U.S. Manufacturing and Commercial Platform for Regenerative Medicine.

Partnership combines Pluri’s proprietary cell technology and clinical-development experience with ZEO’s biologics manufacturing expertise, established physician network, and sales, marketing, and educational infrastructure.

  • Established U.S. commercial platform: ZEO contributes biologics manufacturing, scientific expertise, an existing product portfolio, physician relationships, and dedicated sales, marketing, and educational resources.
  • Complementary technology and development capabilities: Pluri brings extensive experience in cell-based product development, clinical experience extending through Phase III trials and scalable manufacturing methods and expertise developed through its proprietary 3D cell-expansion platform.
  • Broader product and clinical-development opportunities: The companies intend to expand commercial offerings, including regenerative aesthetics, and combine scientific resources to strengthen and advance selected clinical programs.
  • Aligned ownership: The transaction and contemplated additional share exchange will result in Pluri owning 50% of ZEO at Closing following the completion of the applicable transaction steps. 

Pluri Inc. (Nasdaq and TASE: PLUR) (“Pluri”) and ZEO ScientifiX, Inc. (OTCQB: ZEOX) (“ZEO”) today announced a definitive strategic agreement (“Partnership Agreement”) to expand the parties U.S. manufacturing and commercialization platform serving the regenerative medicine, aesthetics, wellness, and longevity markets.

ZEO brings an established U.S. biologics business combining scientific and manufacturing capabilities with the infrastructure needed to reach and support physicians. Its existing biologics portfolio, substantial physician network, established sales channel, dedicated marketing department, and educational programming provide a foundation for introducing additional products and expanding commercial operations.

Pluri contributes more than two decades of experience in cell-based research, product development, clinical trials, process scale-up, quality systems, and manufacturing. Its proprietary three-dimensional cell-expansion technology and intellectual property support the development and manufacture of cell-based products and its Cellav Health and Aesthetics Ltd.’s (“Cellav”) regenerative aesthetics portfolio.

Together, the companies intend to connect these complementary capabilities to broaden product offerings, expand commercial reach, and strengthen selected regenerative-development programs, subject to applicable regulatory requirements.

Expanding Opportunities in Regenerative Aesthetics

The Partnership Agreement also provides for exclusive U.S. rights to Pluri’s Cellav aesthetic product line, including future offerings. Cellav, Pluri’s wholly owned aesthetics subsidiary, develops cell-derived ingredients and aesthetic products that the companies intend to introduce through ZEO’s commercial platform.

Advanced Product Development

Pluri brings more than two decades of clinical-development expertise, including multinational Phase III trials in muscle recovery following hip-fracture surgery and critical limb ischemia (CLI), supported by extensive scientific and clinical data and an intellectual property portfolio of over 200 patents. By combining Pluri’s accumulated knowledge and development experience with ZEO’s research, manufacturing, and commercial capabilities, the companies aim to develop and bring to market advanced therapeutic products, supported by scientific evidence and informed by extensive clinical data.

Leadership Perspectives

Ian Bothwell, Chief Executive Officer of ZEO ScientifiX commented: “Pluri brings capabilities that are exceptionally valuable to our business: proprietary cell technology, two decades of scientific and clinical experience, and proven expertise in scalable cell manufacturing. We believe combining these strengths with ZEO’s scientific expertise and commercial infrastructure will allow us to expand our product portfolio, accelerate innovation, and pursue opportunities that neither company could address as effectively on its own. We are excited to partner with Pluri and build a stronger platform for the future of regenerative medicine.”

Yaky Yanay, President and Chief Executive Officer of Pluri commented: “ZEO has built something highly valuable: an established U.S. commercial platform with direct access to physicians, an existing advanced product portfolio, and dedicated sales, marketing, and educational capabilities. For Pluri, this creates an important opportunity to connect more than two decades of cell technology, clinical development, and advanced manufacturing expertise with an existing route to market. We believe this partnership can accelerate commercialization, expand our reach in the U.S., and support our ambition to build a growing regenerative medicine business.”

Transaction Overview

Under the Partnership Agreement, Pluri will grant ZEO defined rights to its manufacturing technology and related know-how for associated with its regenerative medicine associated assets, while retaining ownership of its underlying technology and intellectual property. In consideration, ZEO will initially issue shares of its common stock representing 50% of its issued and outstanding common stock immediately following Closing. The Partnership Agreement also provides for warrants, corporate governance and protective rights, among other matters, as well as customary representations and warranties, covenants and indemnifications of the parties.

Following closing, ZEO’s financial results are expected to be consolidated into Pluri’s financial statements, subject to applicable accounting requirements.

Closing of the proposed transaction, which is expected to occur in the fourth quarter of 2026 is subject to satisfaction of a number of conditions, including the negotiation of various ancillary agreements, securing certain approvals and the delivery of valuations, as well as other customary closing conditions. The transaction is not subject to stockholder approval by either Pluri or ZEO.

About Pluri

Pluri is a biotechnology company advancing cell-based solutions for health and longevity. Powered by its proprietary 3D cell expansion platform, Pluri develops and manufactures innovative cell-based products designed to address significant unmet medical needs and support healthier, longer lives. With decades of expertise in cell science, clinical development and scalable manufacturing, Pluri is building a portfolio of regenerative and longevity-focused solutions while leveraging its technology and manufacturing capabilities through strategic partnerships. To learn more, visit www.pluri-biotech.com or follow Pluri on LinkedIn and X.

About ZEO ScientifiX

ZEO ScientifiX, Inc. (OTCQB: ZEOX) is a U.S. biopharmaceutical company integrating regenerative biologics research, development, and manufacturing with established commercial operations. Based at Nova Southeastern University’s Center for Collaborative Research in Davie, Florida, ZEO combines scientific and manufacturing expertise with a substantial physician network, dedicated sales and marketing resources, and physician education infrastructure. Through internal development and strategic partnerships, ZEO seeks to expand its product portfolio and advance regenerative medicine. To learn more, visit www.zeoscientifix.com or follow ZEO on LinkedIn, Facebook and Instagram.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. securities laws, including statements regarding transaction completion and timing; licensing, ownership, and accounting consolidation; integration; product development and commercialization; clinical programs, and anticipated strategic and financial benefits.

Actual results could differ materially due to risks including failure to complete the transaction; integration challenges; insufficient funding; unsuccessful development, clinical trials, or commercialization; manufacturing and supply issues; competition; and changes in applicable federal and state regulatory requirements. Prior clinical experience does not assure future success.

Additional risks are described in the companies’ respective SEC filings. Neither company undertakes to update forward-looking statements except as required by law.

Contact

Investor Relations
Pluri Inc.
investor.relations@pluri-biotech.com

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Press Release

Tecnover Celebrates 41 Years of Italian Airless Spray-Painting Innovation

Published

1 hour ago

on

October 26, 2026

By

MUGGIÒ, Italy, October 24th, 2026, FinanceWire

Tecnover, the Italian manufacturer of professional spray-painting equipment, is celebrating more than four decades of innovation in spray-painting technology. Founded in 1984, the family-run company has grown from a small workshop near Milan into an international supplier of professional equipment, serving customers across construction, metalwork, woodworking, marine and industrial sectors.

From a Small Workshop to a Global Exporter

Tecnover was founded on October 2, 1984, by Francesco Ricotti and Lorenza Cera, who combined their experience in the paint trade with practical knowledge of spray-painting equipment sales and service. At its original headquarters in Sesto San Giovanni, near Milan, the company developed its first airless paint sprayer, establishing the foundation for its product portfolio.

Today, the business is led by the second generation, Stefano and Massimo Ricotti. Based in Muggiò, Italy, Tecnover operates its offices, warehouse, showroom and production facilities from a single location. Its equipment and accessories are distributed to professional customers in markets around the world.

The company continues to build on its Italian manufacturing heritage while developing solutions designed to meet the evolving needs of painting professionals.

Airless Technology at the Core

Airless painting technology forces paint through a precisely sized nozzle at high pressure without using compressed air to atomize the material. This process enables efficient paint application while helping reduce overspray when equipment is used correctly.

Tecnover markets its professional airless paint sprayers under the Testarossa name. The product range includes portable electric models, petrol-engine machines for job sites without convenient access to electricity, gravity-tank configurations and the Marine M12, designed for nautical applications.

The company also supplies essential accessories and replacement components, including hoses, nozzles, filters and spare parts, helping professionals maintain their equipment and support long-term operational performance.

Revolver Introduces a New Approach to Airless Spray Guns

Among Tecnover’s product developments is the Airless Revolver line of professional spray guns and accessories. Its 90-degree magnetic rotation mechanism allows operators to change the spray fan orientation with a single finger, without tools or the need to interrupt their work.

The Revolver range is available in European and American thread configurations. Tecnover also offers the Fan Revolver accessory, which brings the rotating spray-pattern feature to compatible existing spray guns.

These solutions are designed to improve convenience and adaptability during professional painting operations.

Beyond Airless: HVLP and Continuous-Air Systems

In addition to airless equipment, Tecnover offers HVLP (high volume, low pressure) turbine systems for controlled finishing applications. Its product portfolio includes the three-stage Airbass Turbo 800 and the two-stage Turboshort 1000.

The company also manufactures the Short 110 series for continuous-air spray painting, offering an alternative approach to conventional cup-gun systems.

Together, these technologies address a wide range of professional requirements, from construction and metalworking to woodworking, marine projects and industrial finishing.

Made in Italy, Available Worldwide

Tecnover designs and manufactures its machines in Italy, with equipment undergoing testing before shipment. The company provides customer support by telephone on weekdays and through WhatsApp, allowing customers to contact its team for product-related assistance.

Visitors can also explore the company’s Muggiò showroom through an online 3D tour. In addition to its own online store, which offers free shipping throughout Italy, Tecnover products are available through several marketplaces and trade platforms, including Amazon, ArchiExpo, DirectIndustry, Edillo, eBay, Fareke, Alibaba and Subito.

By combining Italian manufacturing, product development and international distribution, Tecnover continues to serve professionals seeking equipment and accessories for a variety of spray-painting applications.

About Tecnover

Tecnover s.n.c. di Ricotti e Cera is an Italian manufacturer of professional spray-painting equipment founded in 1984 and headquartered in Muggiò, Monza and Brianza, Italy. The company designs and produces airless paint sprayers, HVLP turbines and continuous-air systems, along with accessories and spare parts for professional applications in construction, metalwork, woodworking, marine and industrial sectors.

For more information, visit https://tecnover.com/en/.

Contact

TECNOVER Corporate Communications
info@tecnover.com

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