Damon Inc. Begins HyperSport Race Clay Modelling, Unifying Its AI-Enabled Platform with Advanced Hardware Design

Continued development of the HyperSport Race, the first motorcycle to be powered by Damon's vehicle-agnostic AI-enabled platform, Damon IO, which fuses software-driven innovation with world-class physical engineering., /PRNewswire/ - 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, today announced the commencement of full-scale clay modelling for its HyperSport Race motorcycle model. This key step moves the vehicle from digital concept to physical form and, more importantly, once completed, will represent the seamless integration of Damon's core technology asset, the Damon IO™ AI-enabled platform, with its flagship hardware design. Damon Inc. Begins HyperSport Race Clay Modelling, Unifying Its AI-Enabled Platform with Advanced Hardware Design (CNW Group/DAMON Motors Inc.) While the clay modelling phase is a traditional step in automotive design, Damon's approach is innovative. The HyperSport Race is engineered not just as a standalone motorcycle, but as the first expression of the Damon IO platform, an advanced, cloud-connected ecosystem that enhances rider safety, awareness, and connectivity. This process ensures that the ergonomics and aerodynamic profile of the bike are perfected to serve as the optimal counterparts for the technology within. "This phase is where our software-defined vision meets the physical world," said Dom Kwong, Chief Executive Officer at Damon Inc. "We aren't just sculpting a beautiful machine; we are crafting the physical interface for our Damon IO platform. Every curve will be optimized not only for aerodynamics but to seamlessly integrate the technology that makes our riders safer and smarter. The HyperSport Race will serve as the proof point for this powerful synthesis of hardware and software." The clay modelling process will continue through September 2025, setting the stage for subsequent development phases. This effort is a key component of Damon's cohesive strategy: developing a world-class superbike and a scalable, vehicle-agnostic tech platform in tandem. We believe this positions the company to become not just a producer of vehicles, but as a technology provider poised to define the future of personal mobility.About DamonDamon Inc. is a designer and developer of personal mobility products and technology solutions that integrate AI-enabled 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 20301. 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-enabled 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 damon.com.1 Source McKinsey Report on Micromobility (2022) FORWARD LOOKING STATEMENTSThis 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 IO system and the integration of the Damon IO platform with the Company's hardware design. 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. SOURCE DAMON Motors Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Damon Inc. Begins HyperSport Race Clay Modelling, Unifying Its AI-Enabled Platform with Advanced Hardware Design

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