Volcon Inc. announced it has entered low-volume production and is conducting production validation testing for its product, the Stag UTV. The Company's manufacturer, GLV Ventures, is currently building production validation units of Stag LTD, one of four trim levels being offered. Early production units are being put through the last phase of testing with compliance testing already complete, marking a major milestone for the Company.

The beginning of low-volume production marks the Company's achievement of its recent announcement that it would begin production by October of 2023, as well as bringing it one step closer to achieving shipments in the fourth quarter of this year as promised. The Company plans on making initial shipments of approved production units to the US Army Corps of Engineers as part of its recent collaborative research and development agreement. Final testing currently being completed includes additional capture of drive mode data and systems calibration, as well as quality analysis of units being produced during production validation.

The Company has been pleased with early results and continues to chart data to ensure the Stag performs as it was designed to, providing early purchasers with an off-road driving experience like never before. The Stag is showing promising results including 0-60 performance which has been recorded at the top of its class. 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 October 20 23. 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.