Volcon signs CRADA with U.S. Army ERDC for dual-use electric vehicle R&D

Empery Digital Inc.

Entered CRADA with U.S. Army ERDC on Oct 4, 2023, for electric vehicle R&D focused on dual-use products.
Collaboration aims to enhance EV capabilities for warfighters and USACE emergency disaster response.
Each party responsible for its own costs; no direct funding from Army to Volcon.
Agreement terminable by either party with 30 days' written notice.
Volcon retains title to its pre-existing IP; government gets non-exclusive license for government purposes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Empery Digital Inc. entered into Agreement with United States Army Engineer Research and Development Center Construction Engineering Research Laboratory (ERDC) (effective 2023-10-04).

Action: entry
Agreement: collaboration
Counterparty: United States Army Engineer Research and Development Center Construction Engineering Research Laboratory (ERDC)
Effective: 2023-10-04

Exact text from the filing

On October 4, 2023, Volcon, Inc. (the “Company”) entered into a cooperative research and development agreement (the “Agreement”) with the United States Army Engineer Research and Development Center Construction Engineering Research Laboratory (the “ERDC”).

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Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-007021

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