Volcon ePowersports Operational Update for December 2023
20 Diciembre 2023 - 8:25AM
Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first
all-electric, off-road powersports company, shared operational
updates today, including sales growth and an expansion of its
distribution network during the holiday shopping season. The
company has seen an increase in sales for its EVO and Volcon Youth
Motorcycle lines as well as Brat e-bikes, attributing much of this
success to effective holiday promotions and steady production
advancements.
Stag Model Update: The development of the Stag
model has encountered some challenges, particularly with supply
chain related issues. The company is working closely with vendors
to ensure these issues are comprehensively addressed. Volcon is
committed to releasing a product that meets the highest standards
of quality, safety, and performance. Volcon will provide further
updates once a final release date is determined.
Holiday Sales: The EVO and Volcon Youth
Motorcycles and Brat e-bikes have experienced growth in sales,
buoyed by the season's promotional activities. This period has
proven to be a critical time for Volcon ePowersports, showcasing
the increasing popularity and demand for electric off-road
vehicles.
Promotional Success: The company's targeted
holiday promotions for the Brat and Youth products have resulted in
an increase in sales volume. These promotions have not only
bolstered sales but also enhanced the brand's visibility and appeal
among a broader range of consumers.
Steady EVO Production and Americas
Distribution: In a major operational milestone, the EVO
model has achieved steady production and is now being shipped to a
wide network of dealers and distributors across the Americas. This
marks a pivotal step in Volcon ePowersports' commitment to
providing accessible and innovative off-road electric vehicles.
New Zealand Market Expansion: Expanding its
global footprint, Volcon ePowersports has successfully introduced
the Grunt EVO and Brat series into New Zealand. This expansion is a
testament to the brand's growing international appeal and its
capability to meet diverse market needs.
Customer Purchase Advisory: With the holiday
promotions nearing their end, Volcon encourages customers to
promptly reach out to their local dealers to purchase these
in-demand products. For assistance in locating or contacting a
dealer, customers can directly contact Volcon for support.
Quality and Safety Commitment: The company
emphasizes its dedication to releasing products that adhere to
stringent quality and safety specifications. The launch of the Stag
will proceed only when the team is fully satisfied with the testing
results, ensuring that customers receive a product that embodies
the innovation and reliability of the Volcon brand.
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 the fourth
quarter of 2023, which has been delayed as noted above. 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.comFor Dealers: sales@volcon.comFor
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, when
the Company can complete the testing of the EPM and APM to begin
production of the Stag, 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/16e1e4ee-b3cc-47f4-87f6-67636c5aac3a
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