- Video Footage Shows HyperSport Delivering Game-Changing
Performance
- Up to 200 hp, 200 mph, and 200 miles of range
- Company's Proprietary EV Platform Showcased in Action
- Maker of high-tech, high-performance motorcycles that are
safer, smarter, and cleaner
SAN
RAFAEL, Calif., Nov. 18,
2024 /PRNewswire/ - Damon Inc. (Nasdaq: DMN), maker
of high-tech, high-performance motorcycles that are safer, smarter,
and cleaner and deliver up to 200 hp, 200 mph, and 200 miles of
range, today released dramatic video of its revolutionary
HyperSport electric motorcycle, showcasing the vehicle's
groundbreaking performance capabilities and advancing the company's
position as a leader in the electric motorcycle revolution.
The heart-pounding footage captures the HyperSport demonstrating
some of its impressive specs: 200 horsepower, top speeds of 200
mph, and an industry-leading 200-mile range on a single charge. The
video provides investors and enthusiasts a comprehensive look at
Damon's proprietary electric vehicle platform in action.
"This video isn't just about a motorcycle – it's about the
future of two-wheeled transportation," said Jay Giraud, CEO of Damon Inc. "The HyperSport
represents a perfect triple-threat of performance, safety, and
sustainability that the market has been demanding."
The HyperSport's advanced technology package includes COPILOT™,
delivering on Damon's commitment to creating motorcycles that are
not just high-performance, but also safer and smarter than
traditional options.
The complete video demonstration can be viewed at
https://youtu.be/NQnyGXdugYU.
About Damon
Damon is on a mission to cause a paradigm shift for safer,
smarter motorcycling. With its development offices in San
Rafael, California, Damon is led
by entrepreneurs and executives from world-class EV and technology
companies. Anchored by the groundbreaking HyperDrive™
electric powertrain, all Damon motorcycles are set to deliver power
and range that exceed that of gas without the noise, emissions, or
maintenance hassles. Damon has captured the attention of the
motorcycling world cutting edge designs and innovative safety
technologies including CoPilot™ and Shift™, which are attracting a
new generation of motorcycle riders. With strong consumer interest
in the US and abroad, Damon aims to set the standard for motorcycle
safety and sustainability worldwide. For more information, please
visit damon.com.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking information or
forward-looking statements under applicable Canadian and U.S.
securities laws (collectively, "forward-looking statements") that
reflect current expectations and projections of Damon Inc.
("Damon") about its future development. When used in this press
release, forward-looking statements can be identified by the use of
words such as "may," or by such words as "will," "intend,"
"believe," "estimate," "consider," "expect," "anticipate," and
"objective" and similar expressions or variations of such words.
Forward-looking statements are, by their nature, not guarantees of
Damon's future operational or financial performance and are subject
to risks and uncertainties and other factors that could cause
Damon's actual results, performance, prospects, or opportunities to
differ materially from those expressed in, or implied by, these
forward-looking statements. No representation or warranty is
intended with respect to anticipated future results, or that
estimates, or projections will be sustained.
Forward-looking statements in this press release include, but
are not limited to, statements relating to the expected performance
level of Damon motorcycles, the estimated demand of Damon
motorcycles, and the potential safety ratings of Damon
motorcycles.
In developing the forward-looking statements in this press
release, we have applied several material assumptions, including
the general business and economic conditions of the industries and
countries in which Damon operates, and general market conditions.
Many risks, uncertainties, and other factors could cause the actual
results of Damon to differ materially from the results,
performance, achievements, or developments expressed or implied by
such forward-looking statements. These risks, uncertainties, and
other factors include, but are not limited to, the following:
- the risk that the price of common shares of Damon may be
volatile due to a variety of factors, including changes in the
highly competitive industries in which Damon operates, variations
in performance across competitors, changes in laws, regulations,
technologies that may impose additional costs and compliance
burdens on Damon's operations, global supply chain disruptions and
shortages, and macro-economic and social environments affecting
Damon's businesses;
- the inability to implement Damon's business plans, forecasts,
and other expectations, or identify and realize additional
opportunities;
- the risk that Damon has not achieved sufficient sales and
production capacity at a mass-production facility, and Damon and
its current and future collaborators may be unable to successfully
develop and market Damon's motorcycles or solutions, or may
experience significant delays in doing so;
- the risk that Damon may never achieve or sustain
profitability;
- the risk that Damon may be unable to raise additional capital
on acceptable terms to finance its operations and remain a going
concern;
- the risk that Damon experiences difficulties in managing its
growth and expanding operations;
- any adverse changes in U.S. or Canadian general economic,
business, market, financial, political or legal conditions,
including as a consequence of the ongoing uncertainties relating to
inflation and interest rates;
- any inability to successfully and economically manufacture and
distribute Damon's motorcycles at scale;
- the reliance on key management, including Damon's Chief
Executive Officer, Jay Giraud, and any inability to attract
and/or retain key personnel;
- any inability to raise additional funds to meet its capital
requirements and pursue its growth strategy when and in the amounts
needed; and
- any inability to secure adequate insurance coverage or a
potential increase in insurance costs.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of the
press release or as of the date otherwise specifically indicated
herein. Due to risks and uncertainties, events may differ
materially from current expectations. Damon disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as required pursuant to applicable securities
law. All forward-looking statements contained in the press
release are expressly qualified in their entirety by this
cautionary statement.
Additional information about Damon Inc., and the foregoing risks
and uncertainties, can be found in our filings with the U.S.
Securities and Exchange Commission, including our Form 10 and Form
S-1 registration statements and subsequent filings,
at www.sec.gov, and our filings with the British Columbia
Securities Commission, including our non-offering prospectus filed
following our completed business combination with Damon Motors Inc.
and subsequent filings, at www.sedarplus.ca.
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SOURCE DAMON Motors Inc.