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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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2 months ago

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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

Agra Shiv Tour And Travels Marks 15 Years of Providing Trusted Car Rental in Agra

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39 minutes ago

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August 26, 2026

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India, 26th Aug 2026 — Agra Shiv Tour And Travels (ASTT), a locally established tour and transportation company with 15 years of experience, continues to provide professional Car Rental in Agra for tourists, families, business travellers, and local customers.

Over the past 15 years, Agra Shiv Tour And Travels has built its transportation services around reliable vehicles, experienced drivers, convenient booking, and personalised travel arrangements. The company provides chauffeur-driven cars for local sightseeing, airport and railway station transfers, outstation journeys, corporate travel, family trips, and customised tours.

15 Years of Experience in Car Rental in Agra

With 15 years in the travel and transportation industry, Agra Shiv Tour And Travels understands the different requirements of travellers visiting Agra. From first-time international visitors exploring the Taj Mahal to families planning multi-city journeys, ASTT provides transportation according to each customer’s itinerary.

Its Car Rental in Agra service includes a selection of sedans, SUVs, Toyota Innova, Innova Crysta and other vehicles, subject to availability and travel requirements.

Car Rental for Agra Sightseeing

Visitors can book a private chauffeur-driven car to explore major attractions such as the Taj Mahal, Agra Fort, Mehtab Bagh, Itmad-ud-Daulah, Akbar’s Tomb at Sikandra and Fatehpur Sikri.

Private car rental allows travellers to organise their sightseeing schedule more conveniently, including hotel pickup and drop-off and travel between attractions.

Local Transfers and Outstation Car Rental

Along with sightseeing, ASTT provides car rental for hotel transfers, Agra Cantt Railway Station pickup and drop, airport transfers, business travel, weddings and other local transportation requirements.

Outstation car rental is also available for popular routes connecting Agra with Delhi, Jaipur, Mathura, Vrindavan, Noida, Gurugram, Lucknow, Haridwar, Rishikesh and other destinations. Customers can arrange one-way, round-trip and multi-day travel based on their requirements.

Experience, Local Knowledge and Professional Service

Company: Agra Shiv Tour And Travels
Experience: 15 Years
Primary Service: Car Rental in Agra
Location: Agra, Uttar Pradesh, India
Phone / WhatsApp: +91-9759000249
Website: www.agrashivtourandtravels.com  

Media Contact

Organization: Agra Shiv Tour And Travels (ASTT)

Contact Person: Shiv Kumar

Website: https://www.agrashivtourandtravels.com/

Email: Send Email

Country:India

Release id:48422

The post Agra Shiv Tour And Travels Marks 15 Years of Providing Trusted Car Rental in Agra appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Ghanaian Royal and Business Delegation to Convene in Dallas for U.S.–Ghana Investment Symposium

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39 minutes ago

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August 26, 2026

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August 22–23 Dallas forum will connect Ghanaian project leaders with U.S. investors, technology companies and strategic partners to explore major opportunities in infrastructure, Smart Cities, energy, agriculture and industrial development.

Ghana, 26th Aug 2026 – A Ghanaian royal, business and project-development delegation will convene in Dallas, Texas, on August 22–23, 2026, for a high-level U.S.–Ghana Investment Business Symposium focused on building commercial partnerships between Ghanaian project managers and leaders and American investors, infrastructure developers, technology companies and strategic business partners.

Sponsored by Mr. Nick DeSilva, the symposium will showcase a portfolio of development opportunities spanning Smart Cities, renewable energy, transportation and logistics, agricultural industrialization, mineral processing, technology, Special Economic Zones and related infrastructure.

The Dallas engagement is being coordinated with Ambassador Dr. Erick Hall Sr., PhD, who is supporting international business development, investor relations and strategic partnership discussions associated with Ghana’s Smart City and other transformational development initiatives.

“Our objective is to move the conversation from opportunity to structured engagement,” said Ambassador Dr. Erick Hall Sr., PhD. “We want qualified investors and strategic partners to examine specific projects, understand their potential and identify opportunities for responsible, commercially viable collaboration.”

A Platform for Investment and Partnership

The symposium is designed to create a focused environment for investors and project sponsors to explore potential partnerships, technology solutions, financing strategies and pathways toward technical and commercial due diligence.

Areas of focus will include:

  • Artificial intelligence and digital infrastructure
  • Smart City and mixed-use urban development
  • Renewable and reliable energy systems
  • Rail, transportation, and logistics infrastructure
  • Agricultural industrialization and food-security systems
  • Mineral processing and value-added manufacturing
  • Special Economic Zones and export-oriented industries
  • Healthcare, education, housing, hospitality, and tourism
  • Data centers, fiber infrastructure, and technology ecosystems
  • Climate finance, green bonds, and carbon-credit opportunities

One of the featured initiatives will be the AMALI Green Industrial Corridor, a proposed private-sector-led development platform presented by His Excellency Ambassador Joel John Rawlings, Chief Executive Officer of AMALI Holdings Ltd and SPECIAL ENVOY FOR AFRICA ON TRADE, INDUSTRY, INVESTMENT AND STRATEGIC DEVELOPMENT (NWAF).

The AMALI concept seeks to integrate renewable energy, heavy-haul rail, mining and mineral processing, agriculture, logistics, ports, industrial zones and Smart City development into a coordinated regional economic platform.

According to sponsor-prepared preliminary estimates, the broader concept represents a significant long-term infrastructure investment opportunity. Detailed capital requirements, financial projections, development phases, technical assumptions and potential investment structures will be presented separately to qualified investors and strategic partners for further consideration.

The project concept is intended to support Ghana’s industrial and economic development while strengthening connections to regional markets and supply chains across West Africa.

“The AMALI concept brings together infrastructure, energy, agriculture, mineral processing and logistics within a single development framework,” said His Excellency Ambassador Joel John Rawlings. The next prepared stage subjects the opportunity to rigorous technical, commercial and financial evaluation and to identify the right partners for its development.

Building U.S.–Ghana Commercial Relationships

The delegation’s Dallas visit is intended to strengthen commercial relationships between Ghana and the United States while creating opportunities for investment, technology transfer, infrastructure development, employment and regional trade.

“This delegation comes to America with a message of partnership and responsible development,” said HRH Dr. Nana Adjoa Akyekumaa I, Development Queen Mother of Gomoa Abonko. “We welcome investors and strategic partners who share our commitment to sustainable communities, modern infrastructure and meaningful economic opportunities for Ghana and the wider region.”

The symposium is expected to facilitate investor introductions, strategic partnerships, technology discussions, feasibility and engineering engagements, potential Letters of Intent and Memoranda of Understanding, and follow-up discussions with qualified investors and corporate partners.

All projects presented through the symposium will remain subject to appropriate technical, commercial, financial, legal, environmental and regulatory evaluation. Participation in the symposium does not constitute an investment commitment, government guarantee, securities offering or final project approval.

The Dallas symposium is intended to be the beginning of a disciplined investment-development process, bringing credible projects, capital, technology and strategic expertise together to explore what can be built in Ghana and across the region.

About the Dallas Investment Business Symposium

The Dallas Investment Business Symposium, sponsored by Mr. Nick DeSilva, is an executive-level forum designed to connect Ghanaian and international project sponsors with U.S. investors, infrastructure developers, technology providers, financial institutions and corporate partners.

The August 22–23 program will focus on commercially viable partnerships supporting sustainable development, infrastructure modernization, innovation, industrial growth and international trade.

Media and Investor Relations Contact

Ambassador Dr. Erick Hall Sr., PhD

International Business Development and Strategic Partnerships Telephone: +1 (951) 522-3653

Email: drerickhallsr@gmail.com

Media Note

Detailed investment materials, including project profiles, preliminary financial information, development phases and technical documentation, will be made available to qualified investors and strategic partners during event and as part of the subsequent investment-engagement process.

Media Contact

Organization: New World Alliances Foundation

Contact Person: Ambassador Dr. Erick Hall Sr., PhDF

Website: http://www.newworldalliances.foundation/

Email: Send Email

Country:Ghana

Release id:48392

The post Ghanaian Royal and Business Delegation to Convene in Dallas for U.S.–Ghana Investment Symposium appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Claimboost Launches Dedicated Resource for Australians Facing Mould-Related Insurance Disputes

Published

39 minutes ago

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August 26, 2026

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Independent Australian insurance claims advocacy service offers an information-rich web page for Australians experiencing disputed, delayed, declined, or underpaid property insurance claims related to mould

United States, 26th Aug 2026 —Claimboost, the independent Australian insurance claims advocacy service that supports suitable disputed, delayed, declined, and underpaid insurance claims, today announced the launch of a dedicated online resource for Australians dealing with mould-related property insurance claim disputes. The page explains how mould damage occurs and why disputes can arise with insurers over mould-related claims.

“Mould claims can get complicated,” explained Christian Harris, a spokesperson for Claimboost. “In some cases, insurers are justified in denying coverage, but much of the time, an experienced advocate can clarify the situation and assist in getting payment for the policyholder. This is what we do.”

As the page explains, mould can develop following water ingress, storm damage, burst pipes, leaking roofs, delayed drying or inadequate make-safe work. Given that many homes and buildings are old, and it is not always clear when or how water damage occurred, insurers may dispute the claim. Further to this point, mould-related claims can be particularly difficult because mould is often a consequence of another problem rather than the original event. A mould dispute may concern where the moisture came from, how long it remained, whether the building was dried or protected appropriately, whether maintenance contributed, and whether the insurer’s reports accurately describe the conditions.

To help resolve disputed insurance claims, Claimboost may review the insurer’s decision, aim documents, reports, scopes, quotes, correspondence and other available evidence. Where appropriate, further technical evidence may be required from a suitably qualified building consultant, leak-detection specialist, hygienist, engineer or another relevant expert.

Claimboost reviews the written decision, evidence and proposed outcome before confirming whether it can assist. The firm often discovers insurer report errors in this process. Claimboost does not guarantee that advocacy will change an insurer’s decision, however. The outcome of every claim depends on its individual circumstances, evidence, and policy wording. 

Dealing with a disputed, delayed, declined or underpaid insurance claim? Contact Claimboost for a free, no-obligation claim review. Claimboost will review the written decision or proposed outcome and the available evidence before confirming whether it may be able to assist.

To request a free, no-obligation claim review from Claimboost, visit https://claimboost.com.au/contact/  

About Claimboost

Claimboost is an independent insurance claims advocacy service assisting Australians with suitable disputed, delayed, declined and underpaid insurance claims. Its work focuses on strata insurance claims and claims where the insurer has issued a written decision, partial decline or proposed settlement outcome that may not be supported by the available evidence. This can include disputes involving insurer-appointed building reports, expert opinions, incomplete scopes of work, inadequate repair assessments and settlement offers that do not reflect the documented damage.

Media Contact

Organization: Claimboost

Contact Person: Media Relations

Website: https://claimboost.com.au/contact/

Email: Send Email

Country:United States

Release id:48431

The post Claimboost Launches Dedicated Resource for Australians Facing Mould-Related Insurance Disputes appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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