1. EVTV signed LOI for drone operations in Italy's agriculture market. 2. First deployment expected in Spring 2026 across Tuscany vineyards. 3. Potential $250M–$400M market opportunity identified for EVTV's drone services. 4. Drones expected to reduce chemical usage by up to 40% in operations. 5. Studio Baffetti to serve as exclusive integrator for EVTV's systems.
The collaboration with a reputable European firm expands EVTV's market potential significantly. Historical examples show successful international expansion boosts stock prices, like Tesla in Europe.
The strategic partnership opens new revenue streams in Europe. With significant market opportunities and eco-friendly innovations, investor interest is likely to increase.
The commercial launch is set for 2026, giving time for potential growth. Long-term partnerships usually result in sustained market influence and financial benefits.
SIENA, Italy and HOUSTON, Texas, Nov. 06, 2025 (GLOBE NEWSWIRE) -- via IBN -- Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("EVTV" or the "Company"), a U.S. manufacturer of zero-emission commercial vehicles and industrial-grade drones, today announced the signing of a Letter of Intent ("LOI") with Studio di Agronomia Baffetti, a leading vineyard and olive grove consulting firm based in Siena, Italy. The collaboration would mark EVTV's first commercial drone market entry into Europe, with operational deployments expected across Tuscany beginning in Spring 2026.
Under the LOI, Studio Baffetti would integrate EVTV's Heavy-Lift Agricultural Drones into vineyard and olive grove spraying operations, replacing tractor-based applications with an aerial, precision-based system better suited for Italy's steep hillside terrains and terraced crops.
"This partnership would accelerate EVTV into the heart of Europe's premium agriculture market," said Elgin Tracy, COO of EVTV. "Studio Baffetti's clients are some of the most respected vineyards in Italy. Together, we can introduce clean, automated aerial spraying that improves yields, reduces chemicals, and advances sustainable organic farming."
Setting a New Standard for European Precision Agriculture
The proposed partnership would aim to establish Italy's first certified authority for commercial drone-based spray operations — meeting or exceeding stringent EU aviation and environmental regulations.
EVTV's agricultural drones deliver advantages including:
Market Potential Across Italy and Beyond
Tuscany alone includes more than 58,000 hectares of vineyards and 90,000 hectares of olive groves. With over 1.1 million hectares of high-value vineyards and orchards across Italy, EVTV estimates:
"Drone spraying will replace tractors," said Francesco Baffetti, Founder of Studio Baffetti. "We already hold signed LOIs from prominent vineyards to begin once the first EVTV systems arrive. This is the future of vineyard protection — faster, safer, and fully sustainable."
Estimated Deployment Timeline (Subject to Execution of Definitive Agreement)
About Studio di Agronomia Baffetti
Studio Baffetti is a Siena-based agronomy consultancy serving leading vineyards and agricultural estates across Tuscany, specializing in vineyard design, soil science, organic certification, and precision crop management.
About Envirotech Vehicles
Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a U.S. manufacturer of zero-emission commercial vehicles and heavy-lift drones engineered for logistics, infrastructure, and precision agriculture applications worldwide. EVTV systems enable a cleaner, safer, and more efficient future for critical industrial operations.
Cautionary Statement Regarding Forward-Looking Statements
EVTV and Studio Baffetti have not entered into a definitive agreement with respect to the proposed transaction described herein, and there can be no guarantee or assurance that a definitive agreement will be executed or that the terms of such definitive agreement will reflect the terms of the proposed transaction described above.
Statements made in this press release that relate to future plans, events, financial results, prospects, or performance, including, but not limited to, statements regarding the execution of a definitive agreement between EVTV and Studio Baffetti for the proposed transaction, the parties' ability to obtain necessary governmental approvals and certifications, the performance of EVTV's agricultural drones, and the estimated timeline for the operational deployment of EVTV's drones, are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including statements that are not purely statements of historical fact and the risks and uncertainties disclosed in reports filed by EVTV with the U.S. Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "will," "estimated," "planned," "expected," "believes," "strategy," "opportunity," "anticipated," "outlook," "designed," and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, EVTV undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events
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