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Harbinger Expands EV Platform Into Ambulances With Frazer Deal

Trucking startup Harbinger is accelerating its market diversification by extending its state-of-the-art electric vehicle platform into the emergency services sector. In a strategic move, the company has secured a new agreement with the venerable emergency vehicle manufacturer Frazer to integrate its flexible chassis design into ambulances and larger mobile healthcare units.

Strategic Expansion Into Critical Services

Agreement marks Harbinger’s entry into the emergency services segment. The company is extending its platform to use cases beyond logistics and last-mile delivery. Electric and hybrid systems are gaining adoption in specialized vehicle categories. Shift comes as manufacturers adjust to changes in the U.S. vehicle market.

Innovative Platform Underpins Versatility

At the core of Harbinger’s breakthrough is its revolutionary chassis platform. As explained by co-founder and CEO John Harris in an exclusive interview, the design offers significant adaptability. Capable of being resized to fit varying customer requirements and customizable with an optional combustion engine for added range, the platform now powers products ranging from RVs produced with THOR Industries to FedEx delivery vans, small box trucks, and the recently announced ambulances.

Energy Storage And Efficiency Gains

The Frazer said the hybrid system reduces the total cost of ownership and improves vehicle uptime. Target users include municipalities, emergency services and healthcare providers. Vehicles use battery-based auxiliary power units instead of traditional generators. The system supports medical equipment without relying on the main engine.

Driving The Future Of Mobility

Harbinger said its platform maintains about 99.5% part commonality across configurations. Standardization supports production efficiency and scalability. The company is targeting sectors such as ambulances, where demand is driven by operational requirements and regulatory changes. California regulations on gas generators are accelerating the adoption of alternative power systems.

Robust Cyprus Construction Activity Bolsters Vassilico Cement’s 2025 Performance

Vassilico Cement Works Public Company Ltd reported a net profit of €35.52 million for 2025, supported by strong construction activity in Cyprus. Company profit reached €34.99 million, reflecting higher revenues and improved operating performance.

Domestic Market Growth Driven By Cyprus Construction

Group revenue rose to €152.75 million, while company revenue reached €152.66 million, up 11% year on year. Growth was driven by increased sales volumes in the domestic market, where construction activity remained strong throughout the year.

Enhanced Production Efficiency And Cost Management

Gross profit increased to €50.30 million at group level and €50.21 million at company level, compared with €42.49 million in 2024. The improvement reflects gains in production efficiency and cost control, supported by higher use of alternative fuels and improved electricity efficiency. These measures reduced unit costs while supporting environmental targets.

Executive Insights And Macroeconomic Outlook

Executive Chairman Antonis Antoniou said strong domestic demand supported production volumes, with the company maintaining focus on the local market and managing exports selectively. He added that favorable economic conditions in Cyprus contributed to performance, despite regulatory pressures in Europe and broader geopolitical uncertainty.

Navigating Energy And Regulatory Challenges

Future performance will be influenced by energy market volatility and European climate policy, including carbon pricing and the Carbon Border Adjustment Mechanism. Rising fuel and electricity costs continue to affect energy-intensive industries.

The company is expanding its renewable energy capacity, with a photovoltaic park reaching 16MW and plans for an additional 8MW, subject to grid connection. The investments aim to improve cost stability and energy efficiency.

Shareholder Returns And Strategic Investments

The board approved an interim dividend of €0.15 per share, totaling €10.79 million, on September 25, 2025. A final dividend of €16.55 million, or €0.23 per share, will be proposed. Combined, total dividends amount to €27.34 million, or €0.38 per share.

Management said the company will continue focusing on efficiency, cost control and sustainability as it navigates energy market pressures and regulatory requirements.

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