Volcon ePowersports Announces It Has Entered Into Initial Low Volume Production of Its Flagship STAG UTV
20 10월 2023 - 10:27PM
Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first
all-electric, off-road powersports company, announced today it has
entered low-volume production and is conducting production
validation testing for its flagship product, the Stag UTV. The
Company’s manufacturer, GLV Ventures, is currently building
production validation units of Stag LTD, one of four trim levels
being offered. Early production units are being put through the
last phase of testing with compliance testing already complete,
marking a major milestone for the Company.
The beginning of low-volume production marks the Company’s
achievement of its recent announcement that it would begin
production by October of 2023, as well as bringing it one step
closer to achieving shipments in the fourth quarter of this year as
promised. The Company plans on making initial shipments of approved
production units to the US Army Corps of Engineers as part of its
recent collaborative research and development agreement.
“We believe Volcon, unlike several of its peers and early-stage
competitors in the EV space, is accomplishing what many could not;
the successful design, prototyping, and production of a new
fully-electric entrant into a mature market. We are very excited to
be nearing the final weeks of a years-long vehicle program, and I
couldn’t be more proud of the team that has brought us to this
point,” said Jordan Davis, Chief Executive Officer of Volcon. “Our
move into low volume production marks a historic milestone for us,
and we are looking forward to the coming ramp up and scale of our
UTV business segment.”
Final testing currently being completed includes additional
capture of drive mode data and systems calibration, as well as
quality analysis of units being produced during production
validation. The Company has been pleased with early results and
continues to chart data to ensure the Stag performs as it was
designed to, providing early purchasers with an off-road driving
experience like never before. The Stag is showing promising results
including 0-60 performance which has been recorded at the top of
its class. For more information on the Stag or Volcon’s
developmental process, please visit Volcon.com.
About Volcon, Inc
Based in the Austin, Texas area, Volcon was founded as the first
all-electric power sports company producing high-quality and
sustainable electric vehicles for the outdoor community. Volcon
electric vehicles are the future of off-roading, not only because
of their environmental benefits but also because of their
near-silent operation, which allows for a more immersive outdoor
experience.
Volcon's vehicle roadmap includes both motorcycles and UTVs. Its
first product, the innovative Grunt, began shipping to customers in
late 2021 and combines a fat-tired physique with high-torque
electric power and a near-silent drive train. The Volcon Grunt EVO,
an evolution of the original Grunt with a belt drive, an improved
suspension, and seat, began shipping to customers in October 2023.
Volcon will also offer the Runt LT, a fun-sized version of the
groundbreaking Grunt, better suited for small-statured riders, more
compact properties and trails, or as a pit bike at race events,
while still delivering robust off-road capabilities. The Brat is
Volcon’s first foray into the wildly popular eBike market for both
on-road and off-road riding and is currently being delivered to
dealers across North America. Volcon is also currently delivering
the Volcon Youth Line of dirt bikes for younger riders between the
ages of 4 to 11. Volcon debuted the Stag in July 2022 and entered
the rapidly expanding UTV market and previously announced that it
expects to begin shipping the Stag to customers in October 2023.
The Stag empowers the driver to explore the outdoors in a new and
unique way that gas-powered UTVs cannot. The Stag offers the same
thrilling performance of a standard UTV without the noise (or
pollution), allowing the driver to explore the outdoors with all
their senses.
Volcon Contacts:
For Media: media@volcon.com For Dealers: sales@volcon.com For
Investors: investors@volcon.com
Volcon Products:Volcon Stag:
https://www.volcon.com/stagVolcon Brat:
https://www.volcon.com/bratVolcon Grunt:
https://www.volcon.com/grunt-evoVolcon Runt:
https://www.volcon.com/runt-ltVolcon Youth Line:
https://www.volcon.com/youth
Forward-Looking Statements
Some of the statements in this release are forward-looking
statements, which involve risks and uncertainties. Forward-looking
statements in this press release include, without limitation,
whether the Company can begin production of the Stag to meet
expected deliveries to customers beginning in October 2023, and
whether production of the Runt LT will occur. Although the Company
believes that the expectations reflected in such forward-looking
statements are reasonable as of the date made, expectations may
prove to have been materially different from the results expressed
or implied by such forward-looking statements. The Company has
attempted to identify forward-looking statements by terminology
including ''believes,'' ''estimates,'' ''anticipates,''
''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,''
''may,'' ''could,'' ''might,'' ''will,'' ''should,''
''approximately'' or other words that convey uncertainty of future
events or outcomes to identify these forward-looking statements.
These statements are only predictions and involve known and unknown
risks, uncertainties, and other factors. Any forward-looking
statements contained in this release speak only as of its date. The
Company undertakes no obligation to update any forward-looking
statements contained in this release to reflect events or
circumstances occurring after its date or to reflect the occurrence
of unanticipated events. More detailed information about the risks
and uncertainties affecting the Company is contained under the
heading “Risk Factors” in the Company’s Annual Report on Form 10-K
and subsequently filed Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K filed with the SEC, which are available on the
SEC’s website, www.sec.gov.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5e4f70b3-45b9-483d-9b2c-e3c31f451410.
Volcon (NASDAQ:VLCN)
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