Latest news with #DamonInc
Cision Canada
11 hours ago
- Automotive
- Cision Canada
Damon Evolves I/O Platform with Advanced Machine Learning for Adaptive Rider Performance
VANCOUVER, BC, Aug. 19, 2025 /CNW/ - Damon Inc. (OTCID: DMNIF) ("Damon" or the "Company"), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, announced the next phase in the evolution of its Damon I/O platform with the introduction of an advanced machine learning module developed by Damon to be the cornerstone of its forthcoming Hypersport Race (HSR), a high-performance electric motorcycle model developed to demonstrate the Company's technology . This enhancement enables dynamic performance tuning based on rider behavior, vehicle data, and environmental inputs, delivering on the Damon's vision to transform personal mobility through smart, AI-connected experiences. Building on the Damon I/O platform launched in June 2025, Hypersport Race (HSR) is entering its prototype development phase in September 2025. For track riders, the system analyzes lap-by-lap performance, including cornering speed, braking patterns, and throttle control, to provide actionable, intuitive feedback. The goal is to help riders become safer, faster, and more efficient. Unlike complex track analysis tools built for engineers, Damon I/O translates sophisticated data into a rider-friendly format, highlighting clear performance gains and safety improvements without requiring technical expertise. "For the first time, track riders will have the sophistication of a race engineering team, distilled into insights they can understand and act on instantly," said Dominique Kwong, CEO of Damon. The system operates on a continuous feedback loop. Every ride generates new data, which is processed both on the motorcycle (edge learning) and in the cloud. This dual approach allows the system's intelligence to evolve in real-time. The more a rider contributes, the smarter Damon I/O becomes, delivering deeper, personalized insights that enhance performance and safety. This rider-focused feature also showcases the power of Damon I/O for the broader market. As stated in the company's Q3 fiscal commentary, Damon has diversified its business model beyond being solely a motorcycle development company to become a leader in intelligent data solutions for the personal mobility sector. This new machine learning module is a tangible example of the high-margin, data-driven services the Damon I/O platform can provide to other personal mobility OEMs and fleet operators. "Your motorcycle will now evolve as fast as your skills do, and every ride makes it better," added Kwong. "This is the future we are building: a fusion of high-performance hardware and intelligent software that not only enhances the experience for our own riders but also provides the digital backbone for the entire personal mobility industry." About Damon Damon Inc. is a designer and developer of personal mobility products and technology solutions that integrate AI-driven safety systems, smart electrification, and user-driven design to revolutionize sustainable transportation. Operating across four potential revenue verticals - Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects – Damon believes it is positioned to capture a significant share of the $40B global electric two-wheeler market by 2030 1. The company distinguishes itself through its integrated ecosystem approach, combining advanced data analytics and engineering expertise, while seeking to enter into strategic partnerships with OEMs and Tier 1 suppliers. Damon emphasizes accessible mobility solutions while leveraging its proprietary AI-driven safety systems and intelligent energy management technology to deliver superior performance and operational efficiency in the urban and business mobility space. For more information, please visit FORWARD LOOKING STATEMENTS This press release, including any materials referenced herein, 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 in this press release include, but are not limited to, statements relating to the anticipated advancement of the HyperSport Race program and its associated benefits, and the Company's expectations for the prospects of the evolving Damon I/O system, including its broader market applications. 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. 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. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to, our history of losses, our ability to implement our growth strategy, generate revenue and achieve profitability, our limited operating history with recent acquisitions, our ability to obtain adequate financing as needed, our ability to continue as a going concern, our status as a foreign private issuer, impact of our recent delisting from Nasdaq, our ability to establish and sustain an active trading market on an over-the-counter market maintained by OTC Markets Group Inc., customer demand for or acceptance of our products and services, our ability to enter into strategic partnerships with OEMs and Tier 1 suppliers, the impact of competitive or alternative products, technologies, and pricing, emerging competition and rapidly advancing technology that may outpace our own, our ability to manufacture or distribute products and services and secure strategic supply, manufacturing, licensing and distribution arrangements, our ability to protect our intellectual property, our ability to protect user data and user information, impact of any changes in existing or future regulatory and tax regimes applying to our business, our ability to successfully consummate strategic transactions and integrate companies or technologies we acquire, our ability to attract and retain management and employees with specialized knowledge and technical skills, our ability to develop and maintain effective internal controls, general economic conditions and events and the impact they may have on us and our customers, including but not limited to escalating tariff and non-tariff trade measures imposed by the United States and other countries, increases in inflation rates and rates of interest, supply chain challenges, increased costs for materials and labor, cybersecurity threats, and conflicts such as those in Russia/Ukraine, Israel/Hamas and Iran, our success at managing the risks involved in the foregoing items, and other risk factors discussed in our periodic and current reports and registration statements filed with the U.S. Securities and Exchange Commission and the British Columbia Securities Commission. 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.
Cision Canada
11-08-2025
- Automotive
- Cision Canada
Damon Inc. Achieves Key Engineering & Design Milestone for Next-Generation Performance Vehicle Platform on HyperSport Race
Successfully completes Engineering and Design Concept Development phases Advances to September phase, focusing on concept validation and physical prototype development VANCOUVER, BC, Aug. 11, 2025 /CNW/ - Damon Inc. (OTCID: DMNIF) ("Damon" or the "Company"), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, proudly announces the successful completion of its Engineering and Design Concept Development phases for its next-generation performance motorcycle, the HyperSport Race, built to serve as a technology demonstrator for Damon's advanced electric powertrain, AI-enabled safety systems, and Damon I/O data intelligence platform. Achievement of this key milestone marks the shift from visionary concepts to detailed engineering and refined design execution, advancing the project toward the concept validation and physical prototype development scheduled for September 2025. "Our engineering and design progress represents more than just technical achievement, we believe it's a fundamental reimagining of personal mobility," said Dom Kwong, CEO of Damon Inc. "This next-generation platform is designed to transform how people move, combining thrilling performance with sustainable innovation. We're eager to bring these advancements into September's next phase, where we expect concept validation and physical prototype development will turn vision into reality." HyperSport Race Key Milestones Achieved: Comprehensive Mission Analysis Finalized technical specifications and mission objectives to ensure alignment with performance and market expectations. Strategic Component Selection Extensive benchmarking enabled the identification of essential components to maximize efficiency and reliability. Integrated Vehicle Platform Layout Completed detailed integration of components to create a seamless and optimized platform. Definitive Design Vision Established through close collaboration between engineering, design, and marketing teams, ensuring innovation and consumer appeal. Class B Surface Digital Model Developed to enable advanced production engineering and thorough refinement of the vehicle's body design. We believe these achievements position Damon to enter its September 2025 concept validation and physical prototype development phase with a groundbreaking platform that will revolutionize personal mobility and set a new standard for sustainability and innovation. About Damon Damon Inc. is a designer and developer of personal mobility products and technology solutions that integrate AI-driven safety systems, smart electrification, and user-driven design to revolutionize sustainable transportation. Operating across four potential revenue verticals - Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects – Damon believes it is positioned to capture a significant share of the $40B global electric two-wheeler market by 2030 1. The company distinguishes itself through its integrated ecosystem approach, combining advanced data analytics and engineering expertise, while seeking to enter into strategic partnerships with OEMs and Tier 1 suppliers. Damon emphasizes accessible mobility solutions while leveraging its proprietary AI-driven safety systems and intelligent energy management technology to deliver superior performance and operational efficiency in the urban and business mobility space. For more information, please visit FORWARD LOOKING STATEMENTS This press release, including any materials referenced herein, 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 in this press release include, but are not limited to, statements relating to the anticipated advancement of the HyperSport Race program, including completion of upcoming development phases, and the Company's expectations for the benefits to be derived from the HyperSport Race program. 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. 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. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to, our history of losses, our ability to implement our growth strategy, generate revenue and achieve profitability, our limited operating history with recent acquisitions, our ability to obtain adequate financing as needed, our ability to continue as a going concern, our status as a foreign private issuer, impact of our recent delisting from Nasdaq, our ability to establish and sustain an active trading market on an over-the-counter market maintained by OTC Markets Group Inc., customer demand for or acceptance of our products and services, our ability to enter into strategic partnerships with OEMs and Tier 1 suppliers, the impact of competitive or alternative products, technologies, and pricing, emerging competition and rapidly advancing technology that may outpace our own, our ability to manufacture or distribute products and services and secure strategic supply, manufacturing, licensing and distribution arrangements, our ability to protect our intellectual property, our ability to protect user data and user information, impact of any changes in existing or future regulatory and tax regimes applying to our business, our ability to successfully consummate strategic transactions and integrate companies or technologies we acquire, our ability to attract and retain management and employees with specialized knowledge and technical skills, our ability to develop and maintain effective internal controls, general economic conditions and events and the impact they may have on us and our customers, including but not limited to escalating tariff and non-tariff trade measures imposed by the United States and other countries, increases in inflation rates and rates of interest, supply chain challenges, increased costs for materials and labor, cybersecurity threats, and conflicts such as those in Russia/Ukraine, Israel/Hamas and Iran, our success at managing the risks involved in the foregoing items, and other risk factors discussed in our periodic and current reports and registration statements filed with the U.S. Securities and Exchange Commission and the British Columbia Securities Commission. 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.
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Nasdaq Resumes Trading in Damon Inc.
NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market ® (Nasdaq: NDAQ) announced that trading will resume in Damon Inc. (Nasdaq: DMN) at 9:00 a.m. Eastern Time on May 19, 2025. Trading in the company's stock was halted on April 29, 2025 at 2:01:07 p.m. Eastern Time. For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotes SM on the Nasdaq ® Web site. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at NDAQO
Globe and Mail
10-03-2025
- Automotive
- Globe and Mail
Damon Motors: Smart, Safe, and Sustainable Electric Vehicles
Innovative Electric Solutions for a $40 Billion Market The global personal mobility market is on track to reach $40 billion by 2030, and Damon is positioned at the forefront of this transformation. With a focus on safety, intelligence, and accessibility, the company is developing innovative electric mobility solutions that cater to both personal and business needs. Whether for daily commutes, delivery services, or transporting goods, Damon's technology is built to enhance efficiency and convenience in an evolving transportation landscape. As the demand for sustainable and intelligent mobility solutions grows, Damon continues to push boundaries with its advanced electric vehicle technology. The company's commitment to safety and innovation is setting new industry standards, making it a key player in the future of personal and commercial transportation. For more information on Damon Inc. (NASDAQ: DMN) please click on the request investor info button.
