Envirotech (NASDAQ: EVTV) Acquires Maddox Industries to Propel U.S. Manufacturing and Electric Vehicle Initiatives
OSCEOLA, AR / ACCESSWIRE / October 31, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), today announced its acquisition of Maddox Industries, a distinguished provider of government contracting solutions based in Puerto Rico. This strategic partnership is set to enhance Envirotech's capabilities in U.S. manufacturing and logistics, delivering a multimillion-dollar revenue stream from government contracts over the next three years while creating U.S. based manufacturing jobs.Phil Oldridge, CEO of Envirotech, emphasized the immediate advantages the acquisition delivers to the technology company: "Maddox Industries will provide predictable and substantial revenue that will strengthen our financia
