Star8 Corp. subsidiary TOMAHAWK SRL Receives $5 Million USD Purchase Order

Rhea-AI Summary

Star8 Corp. (OTC: STRH) has announced that its subsidiary TOMAHAWK SRL, operating under the brand Scarponi Motorcycles, has secured a significant $5 million USD purchase order. The deal involves delivering 300 motorcycles annually for three years to the Canadian and USA markets, with initial shipments beginning in January 2025.

The order includes all three of Scarponi's models: Sports SP Relativity, City SP Density, and Café Racer CR Gravity. These motorcycles are designed and manufactured at the company's facility in Teramo, Abruzzo, and received EU homologation for all models in May 2023. TAG Intercontinental Imports Corp. is the strategic partner for this North American market expansion.

Positive

• Secured $5 million USD purchase order
• Guaranteed sales of 300 motorcycles annually for 3 years
• Expansion into North American markets
• All three motorcycle models EU-homologated

Negative

• None.

MIAMI, Jan. 7, 2025 /PRNewswire/ -- Star8 Corp. (OTC: STRH), ("Star8" or the "Company"), through It's subsidiary TOMAHAWK SRL an Italian Motorcycle EV company, operating under the brand Scarponi Motorcycles, is proud to announce it has a received a $5 Million USD purchase order. The deal is effective immediately and will have the Company deliver 300 motorcycles per year for the next 3 years. The motorcycles are destined for the Canadian and USA markets. Shipment of the first motorcycles will begin in January 2025.

$5 Million USD Order For TOMAHAWK $STRH

Gianluca Scarponi, CEO and CTO says: "It is truly a testament to the quality of our product, that our partner TAG Intercontinental Imports Corp. has taken the bold step in entrusting our company with an order of this magnitude. A responsibility and honor we do not take lightly. Our team is motivated and ready to deliver.

This agreement marks a pivotal step for Tomahawk, opening the doors to the North American market and reinforcing our vision of innovation and quality".

Gennaro Silvestri, President of TAG Intercontinental Imports Corp. states: "We are thrilled to announce this strategic collaboration with Tomahawk. This agreement not only represents a significant growth opportunity for both companies but also marks a milestone in delivering top quality products designed to redefine the riding experience. I am confident that this partnership will herald a prosperous and successful future for both organizations."

Scarponi Motorcycles are designed and manufactured at our facility in Teramo, Abruzzo. The company received homologation of all 3 models for all EU countries in May 2023.

The purchase order encompasses all 3 models:

Sports SP Relativity
City SP Density
Café Racer CR Gravity

For more information, please visit the Company's website at www.tomahawkitalia.com or https://www.scarponimotorcycles.com/

Information on our website does not constitute a part of this press release.

Cautionary Statement Regarding Forward-Looking Statements

The information in this press release contains forward-looking statements and information. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "should," "could," "predicts," "potential," "continue," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. 

The forward-looking statements are applicable only as of the date on which they are made, and we do not assume any obligation to update any forward-looking statements. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. In evaluating these statements, you should specifically consider various factors, uncertainties and risks that could affect our future results or operations. 

These factors, uncertainties and risks may cause our actual results to differ materially from any forward-looking statement set forth in the reports we file with or furnish to the Securities and Exchange Commission (the "SEC"). You should carefully consider these risk and uncertainties described and other information contained in the reports we file with or furnish to the SEC before making any investment decision with respect to our securities. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

View original content to download multimedia:https://www.prnewswire.com/news-releases/star8-corp-subsidiary-tomahawk-srl-receives-5-million-usd-purchase-order-302344405.html

SOURCE Star8 Corp

FAQ

What is the value of TOMAHAWK SRL's recent purchase order for Star8 Corp (STRH)?

TOMAHAWK SRL received a $5 million USD purchase order for delivering motorcycles to the North American market.

How many motorcycles will STRH's subsidiary TOMAHAWK deliver annually under the new contract?

TOMAHAWK will deliver 300 motorcycles per year for three years under the new contract.

When will STRH's TOMAHAWK begin shipping motorcycles for the $5M order?

Shipment of the first motorcycles will begin in January 2025.

Which motorcycle models are included in STRH's TOMAHAWK $5M purchase order?

The purchase order includes three models: Sports SP Relativity, City SP Density, and Café Racer CR Gravity.

Which markets will STRH's TOMAHAWK motorcycles be sold in under the new order?

The motorcycles will be sold in the Canadian and USA markets.