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Volcon delivers ERDC’s first all-electric Stag Utility Terrain Vehicle
Volcon’s Gabriel Villareal and Jake Mizell and U.S. Army Engineer Research and Development Center, Contingency Basing Integration Training and Evaluation Center’s Craig White, Kevin Forshey and Mark Bertoni with the Volcon Stag Utility Terrain Vehicle.
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FORT LEONARD WOOD, Mo.— Thanks to the latest delivery at the U.S. Army Engineer Research and Development Center's (ERDC) Contingency Basing Integration Training and Evaluation Center (CBITEC), the push to electrify the battlefield is one step closer.
Volcon ePowersports delivered their all-electric Stag Utility Terrain Vehicle (UTV) to ERDC's Construction Engineering Research Laboratory (CERL) CBITEC facility located at Fort Leonard Wood, Missouri. This milestone marks the first-ever delivery of a Stag UTV to ERDC, in line with the Cooperative Research and Development Agreement (CRADA) between ERDC and Volcon.
Through the collaboration fostered by the CRADA, CERL and Volcon are working jointly on research and development efforts aimed at enhancing the capabilities of electric vehicles, with a focus on creating dual-use products that benefit both warfighters and the U.S. Army Corps of Engineers in their support of emergency services disaster response. CBITEC is providing the space to exercise ERDC’s first Stag.
“We will be able to put the all-electric Stag in front of Soldiers and provide feedback to Volcon,” Craig White, CBITEC facility manager, said. “The Operational Energy Team will have the opportunity to collect data and evaluate the power requirements needed to support the equipment and the Soldier as we move forward electrifying the battlefield.”
The Stag's delivery is supporting government fleet electrification from the current day through 2050. This collaboration supports the objective outlined in the 2022 U.S. Climate Strategy and Executive Order 14057.
"The move to electrify the battlefield will create new challenges, such as how we recharge electric fleets of vehicles in the field, while still fighting and winning wars,” Tom Decker, CERL's Operational Energy Program Manager, said. "The all-electric Stag provides us the ability to start looking at how charging electric vehicles will impact our tactical electrical grids and then how to scale that problem up to other requirements."
The Volcon Stag will assist with CBITEC's mission of training Soldiers and supporting the role of evaluating technology while being evaluated itself. The Stag will give the CBITEC team the ability to look at large battery recharging impacts to the tactical grids. With potential multiple units, CBITEC will be able to see the impacts of large load changes required while recharging battery and providing power to a base camp.
Volcon will provide technical expertise to improve energy management in electric vehicles like the Stag, including measurement, monitoring, range extension and export power processes and procedures.
Nestled under the BEAM EV ARC™ 2020, the Stag will garner its power from the 100% renewable, transportable, off-grid electric vehicle charging system, when not plugged into the tactical grid for research purposes.
$VLCN smart money ->>> https://whalewisdom.com/filing/empery-asset-management-lp-sc-13ga-2024-01-11-vlcn
Schedule 13G/A
Filed by: EMPERY ASSET MANAGEMENT, LP
Total Shares:
0.50m
Subject Company: Volcon Inc View Complete Ownership History
Filed as of Date: 2024-01-11
Event Date: 2023-12-31
Overall % Ownership: 9.99
Empery Asset Management, LP 0 0.50m 0 0.50m 0.50m 9.99%
Ryan M Lane 0 0.50m 0 0.50m 0.50m 9.99%
Martin D Hoe 0 0.50m 0 0.50m 0.50m 9.99%
$VLCN dont be a fool. https://www.defensenews.com/smr/energy-and-environment/2023/10/09/us-army-ready-to-pursue-electric-light-recon-vehicle/
WASHINGTON — The U.S. Army is ready to pursue a prototyping program for an electric light reconnaissance vehicle beginning in fiscal 2024, pending funding approval from Congress, the service’s program executive officer for combat support and combat services support told Defense News.
“We’re ready to get working on that program,” Brig. Gen. Luke Peterson said in an interview ahead of the Association of the U.S. Army’s annual conference. “It’ll be a prototyping effort, and we will learn from that to help inform a fully developed capabilities development document.”
The Army already approved an abbreviated capabilities development document for the eLRV, and Peterson’s office has partnered with the Maneuver Center of Excellence at Fort Moore, Georgia, to develop requirements.
Using some funding in FY22 to get started, the program office conducted market research that included purchasing some commercial electric vehicles in order to test them against an operational mission profile, Peterson explained.
“We took these platforms up to Grayling, Michigan, where we have test facilities, and we put them through their paces,” he said. “The intent of that was to identify what are going to be the operational and/or technical gaps that we need to think about as we solidify this requirement and initiate this program.”
The Army evaluated General Motors’ Hummer EV, a Canoo platform and a Lordstown Motors truck, Peterson explained, describing them as “three disparate vehicles offering different technical solutions.”
The evaluation team is now in the process of preparing a test report, which will feed into the prototyping effort, Peterson added.
At this point, vehicle solutions that could be chosen for the prototyping effort might include both hybrid and all-electric options. “I think we all believe that full electric and today’s battlefield is probably a stretch given the … charging capabilities that would be required,” Peterson said, “but we want to see what industry can do.”
Should the Army choose an all-electric platform, the eLRV would likely be the first to enter the force with that capability.
As part of the Army’s climate strategy it released in February 2022, the service has a goal to modernize its current platforms by adding mature electrification technologies, and field purpose-built, hybrid-drive tactical vehicles by 2035, then move to fully electric tactical vehicles by 2050 to include a charging capability to meet the all-electric fleet’s needs.
Meanwhile, the Army is waiting for an FY24 budget in order to initiate efforts to work on converting some Humvees and Joint Light Tactical Vehicles to hybrid power.
“The president’s budget request reflected funding in order to initiate those efforts,” Peterson said. “From a requirements perspective, our analysis shows that getting after increased fuel efficiency fits within the threshold and objective of the requirements for both of those platforms.”
The Army is engaged in prototyping efforts to hybridize both the Humvee and JLTV through its Rapid Capabilities and Critical Technologies Office, or RCCTO. Those vehicles “are in an integration phase right now,” Peterson added. “We hope to get those into testing here sometime next year.”
Those tests will help inform what could be the final potential design for converting the vehicles, according to Peterson.
Beyond that “we are looking at different acquisition strategies, leveraging what we’re going to learn from RCCTO,” he said, plus how it could be matured to a manufacturing readiness level in order to cut hybrid capability into the production line of the vehicles.
Converting the vehicles, Peterson acknowledged, will take significant investment up front.
“JLTV and Humvee, as they stand today, were not purpose-built to be hybrid vehicles. So when you’re adding on capability, how do you integrate that effectively without taking away any of the capabilities for the warfighter? That is the analysis that we are learning from the RCCTO,” he said.
“We’re very excited for our soldiers to get some of those capabilities that will only help increase their operational warfighting capability, their force protection,” he said, “but at the same time we have to make sure they have the power when they need it, so we think a hybrid approach at this phase is probably the right level of maturity to be going after.”
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$VLCN he average one-year price target for Volcon (NasdaqCM:VLCN) has been revised to 688.50 / share. This is an increase of 4,400.00% from the prior estimate of 15.30 dated January 16, 2024.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 681.75 to a high of 708.75 / share. The average price target represents an increase of 77,687.82% from the latest reported closing price of 0.89 / share.
What is the Fund Sentiment?
There are 27 funds or institutions reporting positions in Volcon. This is an increase of 25 owner(s) or 1,250.00% in the last quarter.
What are Other Shareholders Doing?
VLCN / Volcon, Inc. Shares Held by Institutions
Citadel Advisors holds 109K shares representing 38.39% ownership of the company.
Geode Capital Management holds 96K shares representing 33.67% ownership of the company.
FNCMX - Fidelity Nasdaq Composite Index Fund holds 61K shares representing 21.25% ownership of the company.
Warberg Asset Management holds 55K shares representing 19.30% ownership of the company.
Austin Private Wealth holds 52K shares representing 18.07% ownership of the company. No change in the last quarter.
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Wow - BOOM - HERE WE GO - DON'T MISS OUT!!
VLCN new 52 week low
Fun to watch foolish people THROW their hard earned shares of VLCN away for almost NOTHING!! Oh well.
Absolutely and totally RIGHT ON - I'm not even thinking about selling. No way. No how.
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$VLCN real company. real product. real revenue. real SOON!
Double bottom. And its their expertise the military is teaming up with them for a good reason the new military vehicles are on the path to zero emissions.
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Volcon Contacts:
For Media: media@volcon.com
For Dealers: sales@volcon.com
For Investors: investors@volcon.com
Volcon Products:
Volcon Stag: https://www.volcon.com/stag
Volcon Brat: https://www.volcon.com/brat
Volcon Grunt: https://www.volcon.com/grunt-evo
Volcon Runt: https://www.volcon.com/runt-lt
Volcon Youth Line: https://www.volcon.com/youth
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