Volcon Stag Manufacturing Update December 2023; Says We Are Confident In Our Timeline And Anticipate Initiating Shipments In The First Quarter Of 2024
Portfolio Pulse from Benzinga Newsdesk
Volcon Inc. (NASDAQ:VLCN) provided an update on the development of its Stag model, addressing previous supply chain issues. The company clarified that the issues are limited to two components requiring software and hardware updates. Once updated, a short testing phase will follow. Most components are ready for production, and the U.S. Army Corps will receive the initial shipments. Volcon anticipates starting shipments in Q1 2024, reflecting its commitment to quality in the electric powersports market.
December 22, 2023 | 2:28 pm
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Volcon Inc. is addressing supply chain issues for its Stag model, with shipments to the U.S. Army Corps expected to begin in Q1 2024, indicating progress in its production timeline and potential revenue generation.
The update from Volcon Inc. suggests that the company is overcoming its supply chain challenges, which is a positive sign for investors. The commitment to fulfilling orders with the U.S. Army Corps indicates a strong revenue stream and validates the product's quality. The anticipation of starting shipments in Q1 2024 provides a clear timeline for investors, which is likely to instill confidence in the company's ability to meet its production goals. This news is directly related to Volcon's core business and is critical for investors monitoring the company's progress.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100