Damon Successfully Completes HyperSport Race Clay Modelling, Progressing Toward Combining Its AI-Enabled Platform with Advanced Hardware Design

Rhea-AI Summary

Damon Inc. (DMNIF) has achieved a significant milestone by completing the clay master model of its Hypersport Race (HSR) electric motorcycle. This development follows the company's recent announcement of a $30 million Reg A+ offering to advance its personal mobility products and AI-enabled connected vehicle strategy.

The clay model completion represents a crucial transition from digital concept to physical form, incorporating ergonomic and aerodynamic features refined through Computational Fluid Dynamics (CFD) simulations. The project, developed in collaboration with Italian firm Engines Engineering, aims to integrate Damon's proprietary Damon IO™ AI-enabled platform with advanced hardware design.

The company will now proceed with creating a functional prototype for track testing and technology validation, focusing on enhancing rider safety, awareness, and connectivity through its cloud-connected ecosystem.

Positive

• Successful completion of HSR clay master model, advancing toward prototype development
• Strategic $30 million Reg A+ offering to fund mobility products and AI technology
• Partnership with renowned Italian engineering firm Engines Engineering
• Integration of advanced AI-enabled cloud platform (Damon IO) with hardware design

Negative

• Product still in early development phase with no functional prototype yet
• Requires additional funding through Reg A+ offering for development

Follows recent announcement of Damon's $30 million Reg A+ offering to advance its personal mobility products and AI-enabled connected vehicle strategy at https://invest.damon.com 

VANCOUVER, BC, Sept. 23, 2025 /PRNewswire/ - Damon Inc. (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 completion of its Hypersport Race (HSR) clay master model. This achievement marks a key step toward prototype testing for the innovative electric motorcycle, and follows Damon's recent announcement of a $30 million Reg A+ offering to advance its personal mobility products and AI-enabled connected vehicle strategy, which is taking place at https://invest.damon.com 

The completion of the full-scale clay model is a critical phase in the vehicle's development, moving the Hypersport Race from a digital concept to a physical form. More importantly, once completed, it is expected to represent the seamless integration of Damon's core technology asset, the Damon IO™ AI-enabled platform, with its flagship hardware design.

This milestone concludes a period of intense design and engineering focus. Key achievements of this phase include:

• Finalization of ergonomic and aerodynamic features based on real-time refinement.
• Integration of critical design improvements informed by advanced Computational Fluid Dynamics (CFD) simulations.
• Confirmation of vehicle proportions and styling directions that define the aggressive and futuristic look of the Hypersport Race.

This development is a significant step for Damon, which aims to revolutionize the motorcycling industry by integrating advanced hardware with its proprietary AI-enabled cloud platform, Damon I/O. The Hypersport Race is designed to be a showcase for this technology, offering enhanced safety, awareness, and connectivity.

"Completing the clay model allows us to visually and physically verify our meticulous design choices," stated Dominique Kwong, CEO of Damon. "We are now prepared for advanced prototype development, bringing us closer to real-world performance evaluation."

The Hypersport Race program, developed in collaboration with the renowned Italian engineering firm Engines Engineering, is a key part of Damon's strategy to validate its technology in high-performance conditions. With the clay master model complete, Damon will now proceed with the next phases of its development roadmap, which includes the creation of a functional prototype for track testing and technology validation.

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 can enhance rider safety, awareness, and connectivity.

For more information about Damon's vision for a connected mobility future and to learn about its ongoing investment opportunity, please visit https://invest.damon.com.

About Damon

Damon 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 $200B global 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 Fortune Business Insights (2025)

IMPORTANT INFORMATION AND RISK DISCLOSURE

The Reg A+ offering will be made only by means of an offering statement. An offering statement on Form 1-A relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") and has become qualified. The securities offered by Damon are highly speculative. Investing in such securities involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. For additional information on Damon, the offering and any other related topics, please review the offering statement, including the final offering circular that forms a part of the offering statement (the "Offering Statement"), that can be found on the Company's EDGAR profile at www.sec.gov/edgar. Additional information concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found in the section of the Offering Statement entitled "Risk Factors."

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 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. 

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SOURCE DAMON Motors Inc.

FAQ

What is the significance of Damon's (DMNIF) clay model completion for the Hypersport Race?

The clay model completion represents a crucial transition from digital to physical form, enabling visual and physical verification of design choices before advancing to prototype development.

How much funding is Damon seeking through its Reg A+ offering?

Damon is seeking to raise $30 million through a Reg A+ offering to advance its personal mobility products and AI-enabled connected vehicle strategy.

What technology features will the Damon Hypersport Race incorporate?

The Hypersport Race will integrate Damon's proprietary Damon IO™ AI-enabled platform, offering enhanced safety, awareness, and connectivity through a cloud-connected ecosystem.

Who is Damon collaborating with for the Hypersport Race development?

Damon is collaborating with Engines Engineering, a renowned Italian engineering firm, for the Hypersport Race program development.

What are the next steps in Damon's development roadmap?

Damon will proceed with creating a functional prototype for track testing and technology validation, following the clay model completion.