Damon Launches Damon I/O, The Digital Backbone Transforming Personal Mobility To Safe, Smart AI Connected Experiences

Innovative AI SaaS platform to enable motorcycle OEMs and fleet operators to deploy advanced rider intelligence and connected services without years of development

VANCOUVER, BC, June 4, 2025 /PRNewswire/ - Damon Inc. (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 the official launch of Damon I/O, a comprehensive rider intelligence and connected services platform designed to transform every ride into a smarter, safer, and more connected experience. The white-labeled platform offers personal mobility OEMs and fleet operators the ability to rapidly deploy advanced digital experiences that were previously impossible or required years of costly custom development.

With the global last-mile delivery market exceeding $100 billion¹ and personal mobility undergoing rapid electrification, DAMON I/O addresses the lack of digital infrastructure to collect data and enhance rider safety, providing recurring revenue opportunities through software.

Furthermore, Damon I/O addresses a critical gap in the personal mobility industry, where manufacturers struggle with fragmented data systems, limited rider insights, and disconnected post-sale experiences. The platform delivers a complete suite of connected vehicle capabilities including real-time diagnostics, over-the-air updates, predictive maintenance alerts, branded mobile applications, and fleet management dashboards – all deployable within months rather than years.

"The personal mobility industry is at an inflection point where digital experiences define brand differentiation," said Dominique Kwong, CEO of Damon. "Damon I/O is purpose-built mobility infrastructure that can turn any personal mobility brand into a data-driven company overnight. We're offering manufacturers the tools to compete with the most advanced connected vehicle platforms in the world. Data by itself means nothing – it's contextual information that creates monetizable value."

The platform's innovative capabilities extend far beyond traditional applications. Damon I/O introduces groundbreaking Emergency Last Mile Responder functionality, enabling civilian delivery riders to seamlessly transition into mission-critical roles – such as transporting blood supplies or medical equipment – with intelligent routing and dynamic visual signaling that alerts the public to their urgent status.

Unlike generic IoT solutions that require extensive customization, Damon I/O is built specifically for vehicles and personal mobility from the ground up. Damon believes the platform represents a first-of-its-kind fusion of wearables, personal mobility vehicles, and AI-powered logistics, designed for the smart cities and decentralized emergency infrastructure of tomorrow.

"Every ride becomes actionable data," Mr. Kwong emphasized. "We're offering OEMs and fleet operators the ability to tap into predictive diagnostics, fleet intelligence, and post-sale software experiences—creating new revenue opportunities in a historically hardware-only market."

For personal mobility manufacturers and fleet operators, Damon I/O offers immediate access to:

• Advanced safety features and real-time diagnostics that enhance rider protection
• Rider-state monitoring that adapts safety systems based on vital signs and stress levels
• Seamless over-the-air software updates that keep vehicles current without dealer visits
• Predictive maintenance capabilities that reduce downtime and service costs
• White-labeled mobile applications that strengthen brand loyalty
• Smart logistics systems enabling multiple vehicles to act as nodes in an intelligent delivery network
• Integration capabilities with safety apparel including airbag vests and dynamic signaling
• Insurance-ready telematics data enabling usage-based insurance models

The platform addresses critical industry challenges including safety risks for last-mile delivery riders, inefficient routing causing high operational costs, and urban congestion from oversized delivery vehicles.

The platform also represents a significant opportunity to drive shareholder value, introducing a high-margin SaaS layer to a traditionally hardware-dominated market. By focusing on opportunities to monetize ride data and generate recurring software revenue streams, Damon I/O creates scalable business models that extend far beyond one-time vehicle sales.

"With Damon I/O, we're dramatically expanding our business model," explained Mr. Kwong. "While we continue to develop our innovative electric motorcycles, this platform allows us to scale software services globally without the capital constraints of manufacturing. It's a powerful complement to our hardware business that opens up significant additional market opportunities."

"Damon I/O offers our prospective partners the ability to accelerate digital transformation," added Mr. Kwong. "We believe we are uniquely positioned because we understand both sides of the equation - our hardware expertise informs our software development, while our software platform can enhance not just our own motorcycles but any personal mobility vehicle. We're essentially telling hardware companies: keep making great hardware -- we'll make it smart. Our vision is advancing humanity through intelligent personal mobility and safety innovation."

The platform is available immediately for OEM partnerships and fleet deployments. Damon is actively engaging with major automotive and technology companies seeking to expand beyond traditional vehicle design into intelligent logistics and personal mobility ecosystems. Damon I/O can be customized and integrated with existing hardware systems, providing manufacturers with a turnkey solution to modernize their product offerings and create new revenue opportunities through connected services.

"Whether it's iconic motorcycle manufacturers looking to connect with new generations, electric motorcycle companies advancing their offerings, or delivery giants optimizing their last-mile operations--DAMON I/O is the answer," noted Mr. Kwong.

For more information about DAMON I/O and partnership inquiries, contact [email protected].

About Damon

Damon Inc. is a designer and developer of personal mobility products and technology solutions that integrate AI-driven safety systems, smart electrification, and user-driven design to revolutionize sustainable transportation. Operating across four potential revenue verticals - Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects – Damon believes it is positioned to capture a significant share of the $40B global electric two-wheeler market by 2030¹. The company distinguishes itself through its integrated ecosystem approach, combining advanced data analytics, engineering expertise, and strategic partnerships with OEMs and Tier 1 suppliers. Damon emphasizes accessible mobility solutions while leveraging its proprietary AI-driven safety systems and intelligent energy management technology to deliver superior performance and operational efficiency in the urban and business mobility space. For more information, please visit damon.com.

FORWARD LOOKING STATEMENTS
This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, "forward-looking statements") that reflect current expectations and projections of Damon Inc. ("Damon") about its future development. When used in this press release, forward-looking statements can be identified by the use of words such as "may," or by such words as "will," "intend," "believe," "estimate," "consider," "expect," "anticipate," and "objective" and similar expressions or variations of such words. Forward-looking statements in this press release include, but are not limited to, statements relating to our strategic initiatives, the anticipated adoption, capabilities, and benefits of the Damon I/O platform, its potential to generate recurring software revenue, the evolution of Damon's business model, opportunities for growth through collaborations with OEMs and fleet operators. Forward-looking statements are, by their nature, not guarantees of Damon's future operational or financial performance and are subject to risks and uncertainties and other factors that could cause Damon's actual results, performance, prospects, or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. No representation or warranty is intended with respect to anticipated future results, or that estimates, or projections will be sustained.

In developing the forward-looking statements in this press release, we have applied several material assumptions, including the general business and economic conditions of the industries and countries in which Damon operates, and general market conditions. Many risks, uncertainties, and other factors could cause the actual results of Damon to differ materially from the results, performance, achievements, or developments expressed or implied by such forward-looking statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to, our history of losses, our ability to implement our growth strategy, generate revenue and achieve profitability, our limited operating history with recent acquisitions, our ability to obtain adequate financing as needed, our ability to continue as a going concern, our status as a foreign private issuer, impact of our recent delisting from Nasdaq, our ability to establish and sustain an active trading market on an over-the-counter market maintained by OTC Markets Group Inc., customer demand for or acceptance of our products and services, the impact of competitive or alternative products, technologies, and pricing, emerging competition and rapidly advancing technology that may outpace our own, our ability to manufacture or distribute products and services and secure strategic supply, manufacturing, licensing and distribution arrangements, our ability to protect our intellectual property, impact of any changes in existing or future regulatory and tax regimes applying to our business, our ability to successfully consummate strategic transactions and integrate companies or technologies we acquire, our ability to attract and retain management and employees with specialized knowledge and technical skills, our ability to develop and maintain effective internal controls, general economic conditions and events and the impact they may have on us and our customers, including but not limited to escalating tariff and non-tariff trade measures imposed by the United States and other countries, increases in inflation rates and rates of interest, supply chain challenges, increased costs for materials and labor, cybersecurity threats, and conflicts such as those in Russia/Ukraine and Israel/Hamas, our success at managing the risks involved in the foregoing items, and other risk factors discussed in our periodic and current reports and registration statements filed with the U.S. Securities and Exchange Commission and the British Columbia Securities Commission.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the press release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, events may differ materially from current expectations. Damon disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required pursuant to applicable securities law. All forward-looking statements contained in the press release are expressly qualified in their entirety by this cautionary statement. 

SOURCE DAMON Motors Inc.