Nov. 9 at 4:04 PM
$DMN Short version: yes, they’re legitimately moving forward with Engines Engineering, and we now have hard details.
Here’s what’s confirmed as of today (Nov 9, 2025):
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1️⃣ Technical Design Agreement – Engines Engineering (Italy)
From Damon’s 10-K and filings:
• Damon signed a Technical Design Agreement with Engines Engineering S.p.A. (Italy) on April 4, 2025 to develop the HyperSport Race (HSR). 
• Scope: Engines Engineering is responsible for:
• Technical compliance & homologation guidance
• Component selection
• Development + validation testing
• Prototyping across the full bike
• Structure: The project is broken into 9 development phases running through March 2026, each with defined milestones. 
• Money: Total contract value ≈
$1.86M (EUR 1.58M):
• 50% invoiced up front (already paid)
• 50% tied to milestones over the next year. 
• IP: Damon will own the new work product once paid; Engines Engineering keeps its own background IP but grants Damon a perpetual, worldwide, paid-up license where their tech is embedded. 
That’s a real, papered engineering contract, not just fluff.