Damon Inc.'s (Nasdaq: DMN) Electric Motorcycle Roars to Life in Stunning Video - Industry Disruptor Aims to Redefine Two-Wheel EV Market

• 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 /CNW/ - 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 Future of Motorcycling (CNW Group/DAMON Motors Inc.)

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.

SOURCE DAMON Motors Inc.

HaydenIR, James Carbonara, 646.755.7412, [email protected]