other material
confidence high
sentiment neutral
materiality 0.55
Damon Inc. signs €1.58M design contract for HyperSport Race e-motorcycle
Damon Inc.
- Agreement with Engines Engineering S.p.a. covers nine development phases from April 2025 to March 2026.
- Total contract value €1,581,670; 50% invoiced on signing, 50% upon milestone acceptance.
- EE to provide engineering, component selection, CAD models, FEA, prototyping, and battery UN 38.3 testing.
- Damon owns all work product after full payment; EE grants perpetual, worldwide license to its pre-existing IP used in the project.