Volcon ePowersports Announces Cooperative Research and Development Agreement with the United States Army Engineer Research and Development Center
10 Octubre 2023 - 8:31AM
Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first
all-electric, off-road powersports company, announced today the
signing of a Cooperative Research and Development Agreement (CRADA)
with the United States Army Engineer Research and Development
Center, Construction Engineering Research Laboratory (ERDC). Volcon
believes this collaboration marks a significant step forward in the
development of EV technology for both civilian and military
applications.
Under the terms of this CRADA, Volcon and ERDC will collaborate
on research and development efforts aimed at enhancing the
capabilities of electric vehicles, with a focus on creating
dual-use products that benefit both warfighters and the U.S. Army
Corps of Engineers (USACE) in their support of emergency services
disaster response.
Key objectives of this collaboration include:
- Energy Management: Volcon will provide
technical expertise to improve energy management in electric
vehicles, including measurement, monitoring, range extension, and
export power processes and procedures.
- Compatibility with Microgrid Technology: The
collaboration will work to ensure compatibility with emerging
microgrid and electrical infrastructure technologies to create
scalable solutions that enhance the adaptability of off-road
EVs.
- Enhanced Tactical Ground Vehicles: Volcon aims
to develop enhanced tactical ground vehicle applications to support
soldiers and emergency responders in their missions.
- Government Fleet
Electrification: The collaboration aligns with the 2022
U.S. Army Climate Strategy and Executive Order 14057, supporting
government fleet electrification from the present through
2050.
This agreement represents a significant step toward addressing
known challenges in the EV sector, such as remote tactical
recharging, vehicle-to-grid, and microgrid charging, and looks to
maximize power efficiency while reducing reliance on traditional
fuel-based energy generation.
By working together with ERDC, Volcon aims to create scalable EV
solutions that benefit federal, state, and local governments, as
well as the Department of Defense (DoD). This collaboration
embodies the spirit of the Federal Technology Transfer Act of 1986
and Army Regulation 70-57, which encourage the private sector to
leverage federally funded technology developments for the
betterment of the United States.
“We are very excited to be working with the Army Corps. We
believe that their decades of experience in engineering solutions
for the battlefield will bear real fruit for Volcon in the
commercial markets. This agreement is crafted in a way that
mutually benefits the parties by creating real-world solutions and
product features that can be monetized in the future,” said Jordan
Davis, Volcon CEO. “On the one hand, we get to play a real role in
benefiting the warfighter and humanitarian efforts where our
electric vehicles can play a role, all while harvesting technology
that may be deployed to commercial segments as well.”
Volcon ePowersports is excited about the potential this
collaboration holds for the future of the Company, electric vehicle
technology in general, and its broader applications. Together with
ERDC, the Company looks forward to advancing the state of the art
in EV technology and contributing to a more sustainable and
efficient future.
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 September 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 2023 and entered
the rapidly expanding UTV market and previously announced that it
will 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.
About United States Army Engineer
Research and Development Center
The U.S. Army Engineer Research and Development Center (ERDC) is
one of the most diverse engineering and scientific research
organizations in the world and serves as the research and
development arm of the U.S. Army Corps of Engineers. With seven
laboratories in four states and a workforce of more than 2,330
employees, ERDC conducts research and development in support of the
warfighter, military installations and the U.S. Army Corps of
Engineers civil works mission, as well as for other federal
agencies, state and municipal authorities and with U.S. industries
through innovative work agreements.
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/a0cb445c-24f5-4dac-aab6-8ff8f0fed708
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