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#11
Motorcycle Talk / MotoAmerica to Use Blood Test ...
Last post by Biketographer - May 20, 2025, 07:39:02 AMABBOTT PARK, Ill., and IRVINE, Calif., May 1, 2025 /PRNewswire/ -- Abbott (NYSE: ABT), the global healthcare company, and MotoAmerica, the premier motorcycle road racing series in North America, announced today that MotoAmerica is the first professional sports organization worldwide to use Abbott's groundbreaking blood test to help assess suspected concussions for riders in the on-site medical facilities at all races.
Abbott's test, the i-STAT TBI test cartridge, is used to evaluate patients 18 years of age and older who present with suspected mild traumatic brain injury (mTBI). It provides results in 15 minutes and may be used up to 24 hours after injury to help determine the need for a CT scan of the head. In 2024, Abbott's i-STAT TBI test received clearance from the U.S. Food and Drug Administration (FDA) to be used with whole blood, allowing doctors to quickly assess patients with suspected mTBI on the handheld i-STAT Alinity analyzer at the patient's side.
"This is the first ever objective test that physicians have had at the point-of-care to assist in the assessment of concussions – it changes the game," said Carl Price, M.D., chief medical officer for MotoAmerica. "If a crash or fall does happen, the ability to quickly and objectively determine whether or not a rider needs a CT scan or additional evaluation, right there on-site, provides us—and our riders—with peace of mind."
The i-STAT TBI test cartridge will be available in on-site medical facilities for all MotoAmerica races across the U.S. during the 2025 season, beginning with the race at Michelin Raceway Road in Atlanta, Ga. (May 2-4).
"As both a neurologist and licensed physician, I know firsthand the limitations of relying on a subjective tool like the Glasgow Coma Scale in the assessment of brain injury," said Beth McQuiston, M.D., medical director in Abbott's diagnostics business. "The ability to objectively assess the need for a head CT scan following potential brain injury right at the point of care, whether that be at a hospital bedside or an on-site medical facility at a sporting event, means quick assessment and a quick path to the right treatment."
At MotoAmerica, riders wear comprehensive protection, including airbag-equipped suits that inflate on impact, helmets tested for multiple impact forces, and full-body armor. The tracks also feature air fence barriers and a dedicated medical safety car. In the event of a crash or fall, immediate on-site assessment adds an extra layer of safety to determine if a rider requires a CT scan or further evaluation.
"The standard of competition and performance in MotoAmerica continues to increase," said Chuck Aksland, chief operating officer, MotoAmerica. "Between the riders, the motorcycles, their gear, and now accessibility to the most innovative medical equipment, we continue to push our standards and practices to better protect our racers. Our use of Abbott's rapid blood test for concussion assessment furthers this commitment and will help us evaluate medical needs quickly and on location."
According to the National Institutes of Health (NIH), traumatic brain injury from accidents or sports is a leading cause of death and disability in the United States. The Centers for Disease Control and Prevention (CDC) estimates 2.5 million people visit the emergency department for TBIs every year.
How the test works
The i-STAT TBI test cartridge with the i-STAT Alinity System requires a small venous blood sample – just a few drops applied to the test cartridge. The cartridge is then inserted into the portable i-STAT Alinity instrument. The test measures two brain-specific biomarkers that are released into the blood stream when there is a significant brain injury. If neither of these biomarkers measured are above an established cutoff, a significant injury has likely not occurred, and a CT scan can likely be avoided. Testing for these two biomarkers – ubiquitin C-terminal hydrolase L1 (UCH-L1) and glial fibrillary acidic protein (GFAP) – following an injury can provide essential and objective information about a patient's condition and can help healthcare providers decide an appropriate treatment plan.
The test was developed by Abbott, with support from the U.S. Army Medical Research and Development Command's (USAMRDC) U.S. Army Medical Materiel Development Activity (USAMMDA) and in collaboration with Transforming Research and Clinical Knowledge in Traumatic Brain Injury (TRACK-TBI).
The ability to use whole blood to help assess patients with suspected mTBI is an important step in Abbott's vision to make its tests available in all settings where people seek care for head injuries. Today, the test is available to be used by hospitals, clinics, and any athletic organization with trained medical staff on-site and the ability to run moderately complex testing. Research and planning are ongoing to determine the feasibility of using these biomarkers similarly in teens and children.
About MotoAmerica:
MotoAmerica is officially sanctioned by the American Motorcyclist Association (AMA) and the Fédération Internationale de Motocyclisme (FIM), and it features nine classes of motorcycle road racing: Superbike, Supersport, King of the Baggers, Talent Cup, Super Hooligan, Stock 1000, Twins Cup, Build. Train. Race. and Mini Cup.
About Abbott:
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
Connect with us at www.abbott.com and on LinkedIn, Facebook, Instagram, X and Youtube.
The i-STAT TBI test cartridge was developed with support by the U.S. Department of Defense U.S. Army Medical Research and Development Command's (USAMRDC) U.S. Army Medical Materiel Development Activity (USAMMDA). The USAMRDC has been dedicated to developing a solution for the objective detection and evaluation of TBI for more than two decades and has played a critical role in developing the TBI test on Abbott's i-STAT Alinity platform. (Reference to USAMRDC and USAMMDA does not imply or constitute endorsement by these organizations or by the Department of Defense or the U.S. Army.)
The Transforming Research and Clinical Knowledge in Traumatic Brain Injury (TRACK-TBI) research team was the first to demonstrate how this TBI blood test can be used for the benefit of TBI patients in clinical care.
SOURCE Abbott
Abbott's test, the i-STAT TBI test cartridge, is used to evaluate patients 18 years of age and older who present with suspected mild traumatic brain injury (mTBI). It provides results in 15 minutes and may be used up to 24 hours after injury to help determine the need for a CT scan of the head. In 2024, Abbott's i-STAT TBI test received clearance from the U.S. Food and Drug Administration (FDA) to be used with whole blood, allowing doctors to quickly assess patients with suspected mTBI on the handheld i-STAT Alinity analyzer at the patient's side.
"This is the first ever objective test that physicians have had at the point-of-care to assist in the assessment of concussions – it changes the game," said Carl Price, M.D., chief medical officer for MotoAmerica. "If a crash or fall does happen, the ability to quickly and objectively determine whether or not a rider needs a CT scan or additional evaluation, right there on-site, provides us—and our riders—with peace of mind."
The i-STAT TBI test cartridge will be available in on-site medical facilities for all MotoAmerica races across the U.S. during the 2025 season, beginning with the race at Michelin Raceway Road in Atlanta, Ga. (May 2-4).
"As both a neurologist and licensed physician, I know firsthand the limitations of relying on a subjective tool like the Glasgow Coma Scale in the assessment of brain injury," said Beth McQuiston, M.D., medical director in Abbott's diagnostics business. "The ability to objectively assess the need for a head CT scan following potential brain injury right at the point of care, whether that be at a hospital bedside or an on-site medical facility at a sporting event, means quick assessment and a quick path to the right treatment."
At MotoAmerica, riders wear comprehensive protection, including airbag-equipped suits that inflate on impact, helmets tested for multiple impact forces, and full-body armor. The tracks also feature air fence barriers and a dedicated medical safety car. In the event of a crash or fall, immediate on-site assessment adds an extra layer of safety to determine if a rider requires a CT scan or further evaluation.
"The standard of competition and performance in MotoAmerica continues to increase," said Chuck Aksland, chief operating officer, MotoAmerica. "Between the riders, the motorcycles, their gear, and now accessibility to the most innovative medical equipment, we continue to push our standards and practices to better protect our racers. Our use of Abbott's rapid blood test for concussion assessment furthers this commitment and will help us evaluate medical needs quickly and on location."
According to the National Institutes of Health (NIH), traumatic brain injury from accidents or sports is a leading cause of death and disability in the United States. The Centers for Disease Control and Prevention (CDC) estimates 2.5 million people visit the emergency department for TBIs every year.
How the test works
The i-STAT TBI test cartridge with the i-STAT Alinity System requires a small venous blood sample – just a few drops applied to the test cartridge. The cartridge is then inserted into the portable i-STAT Alinity instrument. The test measures two brain-specific biomarkers that are released into the blood stream when there is a significant brain injury. If neither of these biomarkers measured are above an established cutoff, a significant injury has likely not occurred, and a CT scan can likely be avoided. Testing for these two biomarkers – ubiquitin C-terminal hydrolase L1 (UCH-L1) and glial fibrillary acidic protein (GFAP) – following an injury can provide essential and objective information about a patient's condition and can help healthcare providers decide an appropriate treatment plan.
The test was developed by Abbott, with support from the U.S. Army Medical Research and Development Command's (USAMRDC) U.S. Army Medical Materiel Development Activity (USAMMDA) and in collaboration with Transforming Research and Clinical Knowledge in Traumatic Brain Injury (TRACK-TBI).
The ability to use whole blood to help assess patients with suspected mTBI is an important step in Abbott's vision to make its tests available in all settings where people seek care for head injuries. Today, the test is available to be used by hospitals, clinics, and any athletic organization with trained medical staff on-site and the ability to run moderately complex testing. Research and planning are ongoing to determine the feasibility of using these biomarkers similarly in teens and children.
About MotoAmerica:
MotoAmerica is officially sanctioned by the American Motorcyclist Association (AMA) and the Fédération Internationale de Motocyclisme (FIM), and it features nine classes of motorcycle road racing: Superbike, Supersport, King of the Baggers, Talent Cup, Super Hooligan, Stock 1000, Twins Cup, Build. Train. Race. and Mini Cup.
About Abbott:
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
Connect with us at www.abbott.com and on LinkedIn, Facebook, Instagram, X and Youtube.
The i-STAT TBI test cartridge was developed with support by the U.S. Department of Defense U.S. Army Medical Research and Development Command's (USAMRDC) U.S. Army Medical Materiel Development Activity (USAMMDA). The USAMRDC has been dedicated to developing a solution for the objective detection and evaluation of TBI for more than two decades and has played a critical role in developing the TBI test on Abbott's i-STAT Alinity platform. (Reference to USAMRDC and USAMMDA does not imply or constitute endorsement by these organizations or by the Department of Defense or the U.S. Army.)
The Transforming Research and Clinical Knowledge in Traumatic Brain Injury (TRACK-TBI) research team was the first to demonstrate how this TBI blood test can be used for the benefit of TBI patients in clinical care.
SOURCE Abbott
#12
Motorcycle Talk / Warning: Pulse Performance Pr...
Last post by Biketographer - May 20, 2025, 07:31:20 AMName of Product:
Pulse Performance Products Electric Quad Youth ATVs
Hazard:
The ATVs are missing parking brakes and all required safety reflectors, which reduces visibility of the youth ATV to other vehicles. Missing both of these features poses a collision hazard. The ATVs' mechanical suspension also fails safety standard requirements, which poses a crash hazard. ATVs that fail to meet the mandatory safety requirements pose a risk of serious injury or death to the rider.
Consumer Action:
CPSC urges consumers to stop using the ATVs immediately and dispose of them in accordance with local disposal requirements. Do not sell or give away these hazardous ATVs.
Product Safety Warning Date:
May 15, 2025
WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission (CPSC) is warning consumers to immediately stop using Pulse Performance Products Electric Quad Youth ATVs. The ATVs are missing parking brakes and all required safety reflectors, which reduces visibility of the youth ATV to other vehicles. Missing both of these features poses a collision hazard. The ATVs' mechanical suspension also fails safety standard requirements, which poses a crash hazard. ATVs that fail to meet the mandatory safety requirements pose a risk of serious injury or death to the rider.
Additionally, the youth ATVs lack a federally mandated CPSC-approved ATV action plan, which is required to manufacture, import, sell, or distribute any new assembled or unassembled ATVs in the United States. Federal law requires ATV action plans to ensure that the industry promotes ATV safety, including rider training, dissemination of safety information, age recommendations and other safety measures.
CPSC's latest data show that Off Highway Vehicles (OHVs), including ATVs, are associated with an annual average of more than 800 deaths and an estimated 100,000 emergency department-treated injuries. (Learn more about OHV safety here: OHV & ATV Safety | CPSC.gov).
The seller, Bravo Sports, previously located in Santa Fe Springs, California, is no longer in business and is unable to conduct a recall.
The youth ATVs were sold online at Walmart.com and may have been sold on other websites from February 2019 through June 2024 for about $340. The ATVs are black and have the number "99" in red on the front fender of the ATV. The brand name "PULSE PERFORMANCE PRODUCTS" is written in white on the body of the ATV.
These products were manufactured in China.
CPSC urges consumers to stop using the ATVs immediately and dispose of them in accordance with local disposal requirements. Do not sell or give away these hazardous ATVs.
Report any incidents involving injury or product defect to CPSC at www.SaferProducts.gov.
Pulse Performance Products Electric Quad Youth ATVs
Hazard:
The ATVs are missing parking brakes and all required safety reflectors, which reduces visibility of the youth ATV to other vehicles. Missing both of these features poses a collision hazard. The ATVs' mechanical suspension also fails safety standard requirements, which poses a crash hazard. ATVs that fail to meet the mandatory safety requirements pose a risk of serious injury or death to the rider.
Consumer Action:
CPSC urges consumers to stop using the ATVs immediately and dispose of them in accordance with local disposal requirements. Do not sell or give away these hazardous ATVs.
Product Safety Warning Date:
May 15, 2025
WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission (CPSC) is warning consumers to immediately stop using Pulse Performance Products Electric Quad Youth ATVs. The ATVs are missing parking brakes and all required safety reflectors, which reduces visibility of the youth ATV to other vehicles. Missing both of these features poses a collision hazard. The ATVs' mechanical suspension also fails safety standard requirements, which poses a crash hazard. ATVs that fail to meet the mandatory safety requirements pose a risk of serious injury or death to the rider.
Additionally, the youth ATVs lack a federally mandated CPSC-approved ATV action plan, which is required to manufacture, import, sell, or distribute any new assembled or unassembled ATVs in the United States. Federal law requires ATV action plans to ensure that the industry promotes ATV safety, including rider training, dissemination of safety information, age recommendations and other safety measures.
CPSC's latest data show that Off Highway Vehicles (OHVs), including ATVs, are associated with an annual average of more than 800 deaths and an estimated 100,000 emergency department-treated injuries. (Learn more about OHV safety here: OHV & ATV Safety | CPSC.gov).
The seller, Bravo Sports, previously located in Santa Fe Springs, California, is no longer in business and is unable to conduct a recall.
The youth ATVs were sold online at Walmart.com and may have been sold on other websites from February 2019 through June 2024 for about $340. The ATVs are black and have the number "99" in red on the front fender of the ATV. The brand name "PULSE PERFORMANCE PRODUCTS" is written in white on the body of the ATV.
These products were manufactured in China.
CPSC urges consumers to stop using the ATVs immediately and dispose of them in accordance with local disposal requirements. Do not sell or give away these hazardous ATVs.
Report any incidents involving injury or product defect to CPSC at www.SaferProducts.gov.
#13
Motorcycle Talk / Polaris Industries Recalls Ran...
Last post by Biketographer - May 20, 2025, 07:28:16 AMName of Product:
Model Year 2023-2025 Ranger XP 1000 NorthStar and Ranger XP 1000 NorthStar Crew Recreational Off-Road Vehicles (ROVs)
Hazard:
The lower seat belt anchor fasteners were not properly tightened, which can result in the seat belt separating from the vehicle frame, failing to protect riders. Without that protection, riders can be ejected from the vehicle in a crash, posing an injury hazard.
Remedy:
Repair
Recall Date:
May 15, 2025
Units:
About 640 (In addition, about 24 ROVs were sold in Canada)
https://www.cpsc.gov/Recalls/2025/Polaris-Industries-Recalls-Ranger-XP-1000-NorthStar-and-Ranger-XP-1000-NorthStar-Crew-Recreational-Off-Road-Vehicles-Due-to-Injury-Hazard
Model Year 2023-2025 Ranger XP 1000 NorthStar and Ranger XP 1000 NorthStar Crew Recreational Off-Road Vehicles (ROVs)
Hazard:
The lower seat belt anchor fasteners were not properly tightened, which can result in the seat belt separating from the vehicle frame, failing to protect riders. Without that protection, riders can be ejected from the vehicle in a crash, posing an injury hazard.
Remedy:
Repair
Recall Date:
May 15, 2025
Units:
About 640 (In addition, about 24 ROVs were sold in Canada)
https://www.cpsc.gov/Recalls/2025/Polaris-Industries-Recalls-Ranger-XP-1000-NorthStar-and-Ranger-XP-1000-NorthStar-Crew-Recreational-Off-Road-Vehicles-Due-to-Injury-Hazard
#14
Motorcycle Talk / GASGAS and Husqvarna Off-Road ...
Last post by Biketographer - May 20, 2025, 07:25:49 AMName of Product:
GASGAS and Husqvarna Off-Road Motorcycles
Hazard:
The front brake caliper can crack, reducing the braking system's effectiveness, posing a crash hazard.
Remedy:
Repair
Recall Date:
May 15, 2025
Units:
About 19,310 (In addition, about 3,870 in Canada)
Description:
This recall involves model years 2022, 2023, 2024 and 2025 Off-Road Motorcycles. The GASGAS off-road motorcycles are red with the white GASGAS logo on both sides of the shrouds. The Husqvarna motorcycles are white, blue and yellow with the Husqvarna logo on both sides of the shrouds.
The 2022 model year recalled motorcycles have the letter N in the 10th position of the vehicle identification number (VIN).
The 2023 model year recalled motorcycles have the letter P in the 10th position of the vehicle identification number (VIN).
The 2024 model year recalled motorcycles have the letter R in the 10th position of the vehicle identification number (VIN).
The 2025 model year recalled motorcycles have the letter S in the 10th position of the vehicle identification number (VIN).
The VIN number is located on the right side of the steering head.
The following model numbers and model names are located on the rear fender or rear side panel.
Model Year Husqvarna Models Model Year GASGAS Models Model Year GASGAS Models
2022 FE 350 2022 EC 250 2023 EX 350F BT
2022 FE 501 2022 EC 300 2023 EX 450F BT
2022 TE 150i 2023 EC 250 2023 MC 125 BT
2022 TE 250i 2023 EC 300 2023 MC 250 BT
2022 TE 300i 2023 EX 250 BT 2023 MC 250F BT
2023 FE 450 2023 EX 250F BT 2023 MC 350F BT
2023 FE 450 HERITAGE 2023 EX 300 BT 2023 MC 450F BT
2023 FX 350 BT 2024 EC 250 2024 EX 450F
2023 FX 350 HERITAGE BT 2024 EC 300 2024 MC 125
2023 FX 450 2024 EC 450F 2024 MC 250
2023 TE 150 2024 EW 500F 2024 MC 250F
2023 TE 250 2024 EX 250 2024 MC 350F
2023 TE 300 2024 EX 250F 2024 MC 450F
2023 TE 300 HERITAGE 2024 EX 300 2025 MC 125
2023 TX 300 BT 2024 EX 350F 2025 MC 150
2023 TX 300 HERITAGE BT 2025 EC 250 2025 MC 250
2024 FE 350w 2025 EC 300 2025 MC 250F
2024 FE 450 2025 EC 450F 2025 MC 300
2024 FE 501w 2025 EX 250 2025 MC 350F
2024 TE 150 2025 EX 250F 2025 MC 450F
2024 TE 250 2025 EX 300
2024 TE 300 2025 EX 350F
Remedy:
Consumers should immediately stop riding the recalled motorcycles and contact an authorized GASGAS Motorcycles or Husqvarna Motorcycles dealer to schedule a free inspection and free repair at the dealership. It is necessary to have the front brake caliper inspected by an authorized dealer to determine if it is defective or not defective. KTM/GASGAS and Husqvarna Mobility are contacting all known purchasers directly.
Incidents/Injuries:
None reported
Sold At:
GASGAS and Husqvarna authorized dealers nationwide from January 2022 through August 2024 for between $10,000 and $13,000.
GASGAS and Husqvarna Off-Road Motorcycles
Hazard:
The front brake caliper can crack, reducing the braking system's effectiveness, posing a crash hazard.
Remedy:
Repair
Recall Date:
May 15, 2025
Units:
About 19,310 (In addition, about 3,870 in Canada)
Description:
This recall involves model years 2022, 2023, 2024 and 2025 Off-Road Motorcycles. The GASGAS off-road motorcycles are red with the white GASGAS logo on both sides of the shrouds. The Husqvarna motorcycles are white, blue and yellow with the Husqvarna logo on both sides of the shrouds.
The 2022 model year recalled motorcycles have the letter N in the 10th position of the vehicle identification number (VIN).
The 2023 model year recalled motorcycles have the letter P in the 10th position of the vehicle identification number (VIN).
The 2024 model year recalled motorcycles have the letter R in the 10th position of the vehicle identification number (VIN).
The 2025 model year recalled motorcycles have the letter S in the 10th position of the vehicle identification number (VIN).
The VIN number is located on the right side of the steering head.
The following model numbers and model names are located on the rear fender or rear side panel.
Model Year Husqvarna Models Model Year GASGAS Models Model Year GASGAS Models
2022 FE 350 2022 EC 250 2023 EX 350F BT
2022 FE 501 2022 EC 300 2023 EX 450F BT
2022 TE 150i 2023 EC 250 2023 MC 125 BT
2022 TE 250i 2023 EC 300 2023 MC 250 BT
2022 TE 300i 2023 EX 250 BT 2023 MC 250F BT
2023 FE 450 2023 EX 250F BT 2023 MC 350F BT
2023 FE 450 HERITAGE 2023 EX 300 BT 2023 MC 450F BT
2023 FX 350 BT 2024 EC 250 2024 EX 450F
2023 FX 350 HERITAGE BT 2024 EC 300 2024 MC 125
2023 FX 450 2024 EC 450F 2024 MC 250
2023 TE 150 2024 EW 500F 2024 MC 250F
2023 TE 250 2024 EX 250 2024 MC 350F
2023 TE 300 2024 EX 250F 2024 MC 450F
2023 TE 300 HERITAGE 2024 EX 300 2025 MC 125
2023 TX 300 BT 2024 EX 350F 2025 MC 150
2023 TX 300 HERITAGE BT 2025 EC 250 2025 MC 250
2024 FE 350w 2025 EC 300 2025 MC 250F
2024 FE 450 2025 EC 450F 2025 MC 300
2024 FE 501w 2025 EX 250 2025 MC 350F
2024 TE 150 2025 EX 250F 2025 MC 450F
2024 TE 250 2025 EX 300
2024 TE 300 2025 EX 350F
Remedy:
Consumers should immediately stop riding the recalled motorcycles and contact an authorized GASGAS Motorcycles or Husqvarna Motorcycles dealer to schedule a free inspection and free repair at the dealership. It is necessary to have the front brake caliper inspected by an authorized dealer to determine if it is defective or not defective. KTM/GASGAS and Husqvarna Mobility are contacting all known purchasers directly.
Incidents/Injuries:
None reported
Sold At:
GASGAS and Husqvarna authorized dealers nationwide from January 2022 through August 2024 for between $10,000 and $13,000.
#15
Electric Motorcycles and Scooters / Re: Damon electric motorcycles...
Last post by Biketographer - May 20, 2025, 07:22:49 AMVANCOUVER, BC, May 19, 2025 /PRNewswire/ - Damon Inc. (Nasdaq: DMN) ("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, data intelligence and strategic collaborations, is providing this operational business update and overview of its financial results for the quarter ended March 31, 2025.
Since the start of Q3, Damon has made significant strides in improving its financial position, diversifying its business model, and accelerating its expected path to revenue generation.
FY25 Q3 Accomplishments and Recent Highlights
Completed a $16.5 million underwritten public offering, in addition to the $10 million prepaid equity line of credit facility established in December 2024
Terminated a $13 million debt facility
Redefined company mission to focus on four core potential revenue verticals: Data Intelligence, Personal Mobility, Licensing and Engineering Services, and Special Projects
Broadened scope of potential product offerings beyond motorcycles to include other personal mobility products and technology solutions with licensing opportunities and data intelligence applications
Minimized burn rate through strategic headcount reductions and expenditure management
Signed an agreement with renowned Italian engineering firm Engines Engineering to develop the HyperSport Race Motorcycle, advancing the vehicle's development through defined engineering milestones and prototyping phases
Accelerated expected timeline to initial HyperSport Race Motorcycle product delivery within 12 months, while reducing expected development costs to under $10 million
Listing Status
The Nasdaq staff has informed the Company that its common shares will resume trading on Nasdaq for one trading day, on May 19, 2025, prior to being delisted as of the following trading day. The Company expects to begin trading on the OTC Pink Current Market effective May 20, 2025. The Company is seeking to have its shares traded on the OTCQB Venture Market maintained by OTC Markets Group (the "OTCQB"), though no assurance can be provided that the Company will be able to satisfy the criteria for trading on the OTCQB or that the staff of OTC Markets Group will approve the Company's application to trade on the OTCQB.
Commentary from Dominique Kwong, CEO of Damon
"Since the start of the quarter and calendar 2025, we believe we have made tremendous progress in strengthening Damon's financial foundation while diversifying our business model to open up new potential high-margin revenue streams. We are not just a motorcycle company anymore. We are now a company committed to powering sustainability through personal mobility products and intelligent data solutions. With what we believe is an expanded market opportunity and accelerated path to revenue, Damon is positioned to capitalize on the great potential at the intersection of electrification, connectivity and data intelligence.
Damon's proprietary safety systems and electrification technology, backed by over 38 patents and patents pending, continue to be core differentiators in the market. The company's new Damon IO technology stack enables real-time data collection and analysis, which we believe will provide valuable insights and increase revenue potential.
While recent events have presented a speed bump on our journey, we remain fully committed to our strategic roadmap and growth trajectory. We view this as a temporary challenge that we are actively working to overcome, with the goal of emerging stronger and more resilient. Our focus remains on operational excellence, product innovation, and transparent communication with our stakeholders as we continue executing on our vision.
Moving forward, we're implementing an asset-light business model through strategic partnerships, bolstered by our recent financings. This approach optimizes our operational efficiency while advancing our mission in mobility innovation and data intelligence. We believe combining our diversified potential revenue streams and strategic focus on sustainable personal mobility solutions positions us strongly for long-term value creation."
Financial Results for FY25 Q3 (ended March 31, 2025)
Financial Performance:
Net loss in the quarter was approximately $2.4 million, or $0.11 per diluted share, compared to a net loss of $25.6 million, or $2.11 per diluted share, in the same period last year.
Cash, Financing, Liabilities:
Total cash was $7.56 million at March 31, 2025 compared to $396k year ended June 30, 2024.
Total Liabilities reduced to $29.1 million at March 31, 2025 compared to $52.2 million year ended June 30, 2024.
Stockholders' Deficit reduced to $21.3 million at March 31, 2024 compared to $50.4 million year ended June 30, 2024.
Financing activities during the quarter ended in the amount of $21.8 million compared to $8.7 million in the same period last year.
Operating Performance:
Operating expenses in the quarter were approximately $29.0 million, compared to $9.5 million in the same period last year, which was largely due to a Goodwill Impairment.
General and administrative expenses in the quarter were approximately $6.7 million compared to $4.9 million in the same period last year.
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.
Since the start of Q3, Damon has made significant strides in improving its financial position, diversifying its business model, and accelerating its expected path to revenue generation.
FY25 Q3 Accomplishments and Recent Highlights
Completed a $16.5 million underwritten public offering, in addition to the $10 million prepaid equity line of credit facility established in December 2024
Terminated a $13 million debt facility
Redefined company mission to focus on four core potential revenue verticals: Data Intelligence, Personal Mobility, Licensing and Engineering Services, and Special Projects
Broadened scope of potential product offerings beyond motorcycles to include other personal mobility products and technology solutions with licensing opportunities and data intelligence applications
Minimized burn rate through strategic headcount reductions and expenditure management
Signed an agreement with renowned Italian engineering firm Engines Engineering to develop the HyperSport Race Motorcycle, advancing the vehicle's development through defined engineering milestones and prototyping phases
Accelerated expected timeline to initial HyperSport Race Motorcycle product delivery within 12 months, while reducing expected development costs to under $10 million
Listing Status
The Nasdaq staff has informed the Company that its common shares will resume trading on Nasdaq for one trading day, on May 19, 2025, prior to being delisted as of the following trading day. The Company expects to begin trading on the OTC Pink Current Market effective May 20, 2025. The Company is seeking to have its shares traded on the OTCQB Venture Market maintained by OTC Markets Group (the "OTCQB"), though no assurance can be provided that the Company will be able to satisfy the criteria for trading on the OTCQB or that the staff of OTC Markets Group will approve the Company's application to trade on the OTCQB.
Commentary from Dominique Kwong, CEO of Damon
"Since the start of the quarter and calendar 2025, we believe we have made tremendous progress in strengthening Damon's financial foundation while diversifying our business model to open up new potential high-margin revenue streams. We are not just a motorcycle company anymore. We are now a company committed to powering sustainability through personal mobility products and intelligent data solutions. With what we believe is an expanded market opportunity and accelerated path to revenue, Damon is positioned to capitalize on the great potential at the intersection of electrification, connectivity and data intelligence.
Damon's proprietary safety systems and electrification technology, backed by over 38 patents and patents pending, continue to be core differentiators in the market. The company's new Damon IO technology stack enables real-time data collection and analysis, which we believe will provide valuable insights and increase revenue potential.
While recent events have presented a speed bump on our journey, we remain fully committed to our strategic roadmap and growth trajectory. We view this as a temporary challenge that we are actively working to overcome, with the goal of emerging stronger and more resilient. Our focus remains on operational excellence, product innovation, and transparent communication with our stakeholders as we continue executing on our vision.
Moving forward, we're implementing an asset-light business model through strategic partnerships, bolstered by our recent financings. This approach optimizes our operational efficiency while advancing our mission in mobility innovation and data intelligence. We believe combining our diversified potential revenue streams and strategic focus on sustainable personal mobility solutions positions us strongly for long-term value creation."
Financial Results for FY25 Q3 (ended March 31, 2025)
Financial Performance:
Net loss in the quarter was approximately $2.4 million, or $0.11 per diluted share, compared to a net loss of $25.6 million, or $2.11 per diluted share, in the same period last year.
Cash, Financing, Liabilities:
Total cash was $7.56 million at March 31, 2025 compared to $396k year ended June 30, 2024.
Total Liabilities reduced to $29.1 million at March 31, 2025 compared to $52.2 million year ended June 30, 2024.
Stockholders' Deficit reduced to $21.3 million at March 31, 2024 compared to $50.4 million year ended June 30, 2024.
Financing activities during the quarter ended in the amount of $21.8 million compared to $8.7 million in the same period last year.
Operating Performance:
Operating expenses in the quarter were approximately $29.0 million, compared to $9.5 million in the same period last year, which was largely due to a Goodwill Impairment.
General and administrative expenses in the quarter were approximately $6.7 million compared to $4.9 million in the same period last year.
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.
#16
Motorcycle Talk / Re: Another statement from Har...
Last post by Biketographer - May 20, 2025, 07:19:59 AMMILWAUKEE, May 19, 2025 /PRNewswire/ -- Harley-Davidson, Inc. (the "Company" or "Harley-Davidson") (NYSE: HOG) today issued the following statement in connection with the release of the certified voting results of its 2025 Annual Meeting of Shareholders (the "Annual Meeting") confirming that all nine of Harley-Davidson's Director nominees were elected at the Annual Meeting. Additionally, the Harley-Davidson Board of Directors confirmed that the rigorous search process for Harley-Davidson's next CEO continues at pace, led by the search committee.
Harley-Davidson Chairman, President, and CEO Jochen Zeitz said, "We are grateful to our shareholders and stakeholders for their dialogue and support over the past six weeks. Harley-Davidson remains fully committed to executing the clear plan we have defined, which is designed to drive long-term value for all stakeholders. Putting the recent campaign behind us, we are moving forward and returning our full focus to the business. On behalf of the Board of Directors, we look forward to continuing our commitment to good corporate governance and engagement with all stakeholders."
Harley-Davidson Chairman, President, and CEO Jochen Zeitz said, "We are grateful to our shareholders and stakeholders for their dialogue and support over the past six weeks. Harley-Davidson remains fully committed to executing the clear plan we have defined, which is designed to drive long-term value for all stakeholders. Putting the recent campaign behind us, we are moving forward and returning our full focus to the business. On behalf of the Board of Directors, we look forward to continuing our commitment to good corporate governance and engagement with all stakeholders."
#17
Electric Motorcycles and Scooters / Stark Varg electric motocrosse...
Last post by Biketographer - May 14, 2025, 03:42:29 PMWhat's weird ? First thing I notice is that you can look through current stock, ready to ship, and you have choice of suspension for 90-100 kg riders, 65-75 kg riders, and, 75-90 kg riders. That one factor could save quite a bit of $$$ by avoiding aftermarket springs.
https://starkfuture.com/products/stark-varg
QuoteAccording to the company, Stark just achieved a major milestone by recording its highest-ever monthly revenue of €18.3 million in April 2025 while delivering a positive EBITDA of €2.8 million. The news follows Stark first announcing the beginning of profitability in the middle of 2024.read all of this quote at https://electrek.co/2025/05/14/how-one-of-the-only-profitable-electric-motorcycle-companies-got-there-with-street-legal-e-dirtbikes/
"This achievement comes barely two years after Stark Future's first commercial sales, remarkably faster than incumbent EV leaders, and more resembling the growth rates of some of the world's most successful technology firms in history," explained Anton Wass, CEO of Stark Future. "We have been steadily approaching this profitability event, driven by the popularity of the off-road VARG MX, but the phenomenal reception of the newly available Stark VARG EX, the company's groundbreaking street-legal Enduro model, has brought this landmark occasion."
- 80 hp
- 118 kg / 260 pound
- 938 Nm torque
- 2 hour charge time
- 2 year warranty
https://starkfuture.com/products/stark-varg
#18
Motorcycle Talk / Tampa Bay Bike Rodeo May 31, 2...
Last post by Biketographer - May 10, 2025, 04:33:06 PMTampa Bay Bike Rodeo
pre-registration required
Skill Levels:
The Top Throttle Level is designed for Advanced & Expert Riders.
The Intermediate Level is designed for anyone from Beginner to Mid-Level Riders.
Each Skill Level has 2 Classes - Bagger and Non-Bagger
Show your handling skills on our Riding Academy Training Range with the Challenge Course set up by Tampa Police Department and Riding Academy!
SATURDAY, MAY 31ST > 8AM-4PM
Trophies & Cash Prizes for the best times in each class Free Event Riding Shirt for all participants included.
Tampa Bay Harley-Davidson, with Tampa Police Department, will host Tampa Bay Bike Rodeo on May 31st at 8am for practice and competition beginning at 11am.
https://tampabayhd.com/event/38473/tampa-bay-bike-rodeo
pre-registration required
Skill Levels:
The Top Throttle Level is designed for Advanced & Expert Riders.
The Intermediate Level is designed for anyone from Beginner to Mid-Level Riders.
Each Skill Level has 2 Classes - Bagger and Non-Bagger
Show your handling skills on our Riding Academy Training Range with the Challenge Course set up by Tampa Police Department and Riding Academy!
SATURDAY, MAY 31ST > 8AM-4PM
Trophies & Cash Prizes for the best times in each class Free Event Riding Shirt for all participants included.
Tampa Bay Harley-Davidson, with Tampa Police Department, will host Tampa Bay Bike Rodeo on May 31st at 8am for practice and competition beginning at 11am.
https://tampabayhd.com/event/38473/tampa-bay-bike-rodeo
#19
Motorcycle Talk / Harley-Davidson Comments on H ...
Last post by Biketographer - May 10, 2025, 08:22:00 AMMILWAUKEE, May 9, 2025 /PRNewswire/ -- Harley-Davidson, Inc. (the "Company" or "Harley-Davidson") (NYSE: HOG) today issued the following statement addressing H Partners' accusations of improper conduct:
"Regrettably, H Partners has been pursuing a misleading and disruptive campaign for weeks. As our 2025 Annual Meeting of Shareholders approaches, H Partners has resorted to a desperate, last-ditch attempt to sway shareholders. The Harley-Davidson Board is operating with the utmost integrity and in accordance with concepts of responsible corporate governance – concepts that H Partners clearly does not understand.
Unlike H Partners and their self-serving antics, the Board is committed to one thing – acting in the best interests of all shareholders. The facts are as follows:
The Harley-Davidson Board of Directors has developed and is executing a thoughtful and deliberate CEO search process, as well as Board refreshment planning.
Each of the three Directors targeted by H Partners – Jochen Zeitz, Tom Linebarger and Sara Levinson – is critical to this CEO search process and the successful onboarding of the next leader of Harley-Davidson, which is why they are standing for re-election at this month's Annual Meeting.
H Partners had their chance to be an integral part of this search process to help guide the selection of a new CEO – they gave that up. Before doing so, however, they consistently supported the very CEO, strategy and Directors they now find so objectionable. Mere months ago, they voted for the Company's current Director nominees to stand for reelection, and their preferred CEO candidate was carefully considered on an accelerated basis by the Board.
H Partners' latest missive is yet another unfortunate attempt to distract shareholders from these undeniable facts."
Your Vote is Important
The Board of Directors strongly urges all Harley-Davidson shareholders to protect the value of their investment and preserve the future of Harley-Davidson by voting "FOR ALL" of the Company's nominees on the WHITE proxy card TODAY.
To learn more, visit www.VoteHarleyDavidson.com.
"Regrettably, H Partners has been pursuing a misleading and disruptive campaign for weeks. As our 2025 Annual Meeting of Shareholders approaches, H Partners has resorted to a desperate, last-ditch attempt to sway shareholders. The Harley-Davidson Board is operating with the utmost integrity and in accordance with concepts of responsible corporate governance – concepts that H Partners clearly does not understand.
Unlike H Partners and their self-serving antics, the Board is committed to one thing – acting in the best interests of all shareholders. The facts are as follows:
The Harley-Davidson Board of Directors has developed and is executing a thoughtful and deliberate CEO search process, as well as Board refreshment planning.
Each of the three Directors targeted by H Partners – Jochen Zeitz, Tom Linebarger and Sara Levinson – is critical to this CEO search process and the successful onboarding of the next leader of Harley-Davidson, which is why they are standing for re-election at this month's Annual Meeting.
H Partners had their chance to be an integral part of this search process to help guide the selection of a new CEO – they gave that up. Before doing so, however, they consistently supported the very CEO, strategy and Directors they now find so objectionable. Mere months ago, they voted for the Company's current Director nominees to stand for reelection, and their preferred CEO candidate was carefully considered on an accelerated basis by the Board.
H Partners' latest missive is yet another unfortunate attempt to distract shareholders from these undeniable facts."
Your Vote is Important
The Board of Directors strongly urges all Harley-Davidson shareholders to protect the value of their investment and preserve the future of Harley-Davidson by voting "FOR ALL" of the Company's nominees on the WHITE proxy card TODAY.
To learn more, visit www.VoteHarleyDavidson.com.
#20
Electric Motorcycles and Scooters / Things look very bad for Damon...
Last post by Biketographer - May 09, 2025, 07:41:51 AMQuoteDamon Motorcycles faces a potential Nasdaq delisting as production delays, internal turmoil, and missed milestones threaten its future in the electric motorcycle market. ...https://news.imotorbike.com/en/2025/05/damon-motorcycles-nasdaq-electric/
Now trading at just $0.0075 on the Nasdaq, Damon faces the very real possibility of being delisted. That's a staggering fall for a company that once boasted $100 million in pre-orders from over 3,000 hopeful customers. But here's the real kicker: not a single bike has made it to production.
QuoteCanadian electric motorcycle brand-in-the-making Damon has been taking a beating on the stock ticker lately, with its shares plummeting to US$0.0075 on the Nasdaq exchange at the time of writing.
Quote...the company's CTO, Derek Dorresteyn—who was previously one of the chief architects of Alta Motorcycles—just left the company. That makes him the second high-profile executive to flee.