Damon Provides Operational Business Update and Reports FY 2026 Q1 Results

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, British Columbia--(Newsfile Corp. - November 14, 2025) - 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 an operational business update and overview of its financial results for the quarter ended September 30, 2025.

FY 2026 First Quarter Accomplishments and Recent Highlights

• Launched its $30 million Regulation A+ equity offering. Net proceeds from the offering would be primarily used to further develop Damon's personal mobility products, including advancement of its HyperSport Race electric motorcycle program and AI-enabled cloud platform - Damon I/O - designed to power the next generation of personal mobility products and services.

• Completed the Hypersport Race Motorcyle (HSR) full scale clay master model. This achievement marked a key step toward prototype testing for the innovative electric motorcycle. The completion of the full-scale clay model was a critical phase in the vehicle's development, moving the Hypersport Race from a digital concept to a physical form.

• Announced that its Damon I/O platform was positioned to become one of the first in the personal mobility sector to adopt end-to-end encryption for all telematics data, both in transit and at rest. This move was designed to ensure that all ride logs, location histories, diagnostics, and user profiles were fully encrypted from the edge device to the cloud server, which enhanced cybersecurity protections for this sensitive data.

• Announced a new application of its Damon I/O platform, intended to deliver value to riders while creating potential new revenue streams for the Company. By combining Damon I/O's advanced data intelligence with AI-enabled interaction, track riders could benefit from a personalized performance companion designed to enhance their safety, experience, and skill development.

• Unveiled 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). This enhancement enabled dynamic performance tuning based on rider behavior, vehicle data, and environmental inputs, supporting Damon's vision to transform personal mobility through smart, AI-connected experiences.

• Completed its Engineering and Design Concept Development phases for its next-generation performance motorcycle, the HyperSport Race. Achievement of this key milestone marked the shift from visionary concepts to detailed engineering and refined design execution, advancing the project toward the concept validation and physical prototype development that commenced in September 2025.

• Featured in an exclusive WebBikeWorld article, offering investors and enthusiasts a closer look at the company's strategic direction, innovative technologies, and market positioning in the rapidly evolving electric mobility sector. In the interview, Dominique Kwong, CEO, discussed Damon's transition to an asset-light business model, the development of its anticipated HyperSport motorcycle, and the innovative Damon™ I/O platform.

Dominique Kwong, CEO of Damon commented: