Volcon, Inc. (NASDAQ: VLCN) announced today that it provided key
Department of Defense staff a demonstration of the all-electric
Stag UTV and EVO motorcycles under the funded program Electric
Tactical Humanitarian Operations Response, or eTHOR, hosted by the
NavalX SoCal Tech Bridge at Marine Corps Tactical Systems Support
Activity (MCTSSA), in Camp Pendleton, CA. This project was
developed through the SoCal Tech Bridge's ongoing relationship with
Naval Information Warfare Center - Pacific (NIWC-PAC) to provide
government evaluation and engagement with new technologies and with
CANA LLC, serving as lead system integrator while providing
modeling, simulation and analysis, and strategic stakeholder
engagement. Working with Amazon Web Services (AWS), a subsidiary of
Amazon.com Inc., and other integrators, the purpose of the
demonstration and assessment was to test eTHOR functionality within
a variety of military vignettes. Volcon demonstrated Level 3 fast
charging, silent overwatch, night reconnaissance, and the ability
to charge their EVO off-road motorcycle from a modified Stag UTV to
exhibit power exporting capabilities. Data gathered will be used
for continued modeling, simulation, and analysis, creating digital
environments that synthesize the results of innumerable types of
experimentation. The demonstration and testing event supports
validation that there is a real, tested, and expeditious transition
path for commercial integrated electric vehicle technology into the
military operating environment.
"Volcon is proud to not only help electrify the battlefield, but
also increase the range of tools the DoD can access and at the
expedited pace we see in the commercial space," mentioned Richard
Tannery V.P. of Global Defense and Government Programs at Volcon.
"We continue to show how capable we are to rapidly pivot toward the
needs of our clients, which is instrumental for success in regards
to search, rescue and defense operations. In less than a year we
have sold several units to the US Army Corps of Engineers, answered
multiple solicitations for electric vehicles, and now begin our
journey into larger funded development programs to help advance
future technologies by bridging commercial and government sectors,"
Tannery continued.
The eTHOR prototype, a project funded by the Operational Energy
Capability Improvement Fund (OECIF), is an integrated, electric,
unmanned mobile power station built by DD DANNAR LLC; coupled with
Innovation, Connectivity & Experimentation (ICE), provides a
high speed, high bandwidth, low latency, 5G capable platform
developed by AWS. eTHOR’s electric vehicle provides agility,
traditional fuel independence, and the ability to store, transport
and export power. Its communications capacities combine 5G, 4G LTE,
SatCom, and mesh networking with secure cloud computing and forward
edge processing. Will Berry, of CANA LLC, who leads the project
management and strategic partnership efforts, had this to say: “The
demonstration this week is a real validation of the vision,
talents, and innovative efforts of the partners. It’s also a
critical time to gather data for further testing and evaluation; we
want to show how eTHOR can transform military operations in a
tangible way. What’s exciting is that we’re not planning for some
time in the future - eTHOR is here now.”
“The application of electrification doesn’t stop at civilian
mobility. The benefits of EV technology are as applicable to the
warfighter’s needs as they are to humanitarian relief efforts,
especially considering technologies can be paired with our vehicles
as a force multiplier in either scenario,” commented Jordan Davis,
Volcon Chief Executive Officer. “We believe the possibilities to
support our military, as well as the NGO community with mobility
solutions, is only beginning. Our work with AWS and others on the
eTHOR program will serve as a proof of concept of what we believe
will be continued expansion into these new sectors.”
Also present during the week of live, onsite, demonstrations in
June were eTHOR stakeholders from across the US Marine Corps, and
commercial integrators from Athonet, Digital Force Technologies,
Moxion, and Renewable Equipment. This is one example of the many
applications for which electric vehicles are being used to explore
opportunities outside of conventional public sector operations and
contracts, expanding their pallet of tools and allowing for more
rapid procurement for situations when it matters most.
About Volcon, Inc
Based in the Austin, Texas area, Volcon was founded as the first
all-electric powersports company producing high-quality and
sustainable electric vehicles for the outdoor community. Volcon
electric vehicles are the future of off-roading, not only because
of their environmental benefits, but also because of their near
silent operation, which allows for a more immersive outdoor
experience.
Volcon's 2023 vehicle roadmap includes both motorcycles and UTVs
hitting the market in North America. Its first product, the
innovative Grunt, has been shipping to customers since late 2021
and combines a fat-tired physique with high-torque electric power
and a near-silent drive train. Volcon just announced the launch of
the Grunt EVO, an evolution of the original Grunt with a belt
drive, an improved suspension and seat. Volcon also just announced
the launch of the Runt LT, which is a fun-sized version of the
groundbreaking Grunt, is better suited for small statured riders,
more compact properties and trails, or as a pit bike at race
events, while still delivering robust off-road capabilities. The
Brat is Volcon’s first foray into the wildly popular eBike market
for both on road and off-road riding and is currently being
delivered to dealers across North America. Volcon is also launching
and currently delivering the Volcon Youth Line of dirt bikes for
younger riders between the ages of 4 to 11. Volcon recently
launched the Stag and entered the rapidly expanding UTV market. The
Stag empowers the driver to explore the outdoors in a new and
unique way that gas-powered UTVs cannot. The Stag offers the same
thrilling performance of a standard UTV without the noise (or
pollution), allowing the driver to explore the outdoors with all
their senses.
Volcon Contacts:
For Media: media@volcon.comFor
Dealers: sales@volcon.comFor Investors:
investors@volcon.com
Volcon Products:Volcon
Stag: https://www.volcon.com/stagVolcon
Brat: https://www.volcon.com/bratVolcon Grunt:
https://www.volcon.com/grunt-evoVolcon
Runt: https://www.volcon.com/runt-ltVolcon Youth Line:
https://www.volcon.com/youth
Forward-Looking Statements
Some of the statements in this release are forward-looking
statements, which involve risks and uncertainties. Forward-looking
statements in this press release include, without limitation,
whether the Company can begin production of the Stag to meet the
purchase requirements of AWS and whether those units will result in
future sales opportunities to federal and state entities. Although
the Company believes that the expectations reflected in such
forward-looking statements are reasonable as of the date made,
expectations may prove to have been materially different from the
results expressed or implied by such forward-looking statements.
The Company has attempted to identify forward-looking statements by
terminology including ''believes,'' ''estimates,'' ''anticipates,''
''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,''
''may,'' ''could,'' ''might,'' ''will,'' ''should,''
''approximately'' or other words that convey uncertainty of future
events or outcomes to identify these forward-looking statements.
These statements are only predictions and involve known and unknown
risks, uncertainties, and other factors. Any forward-looking
statements contained in this release speak only as of its date. The
Company undertakes no obligation to update any forward-looking
statements contained in this release to reflect events or
circumstances occurring after its date or to reflect the occurrence
of unanticipated events. More detailed information about the risks
and uncertainties affecting the Company is contained under the
heading “Risk Factors” in the Company’s Annual Report on Form 10-K
and subsequently filed Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K filed with the SEC, which are available on the
SEC’s website, www.sec.gov.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d4a1b298-751e-4a84-8a13-aa02fb3fec6e
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