Damon sees investment opportunities with California ZEM mandates

Damon (DMN) announced it is poised to capitalize on California’s newly introduced Zero-Emission Motorcycle, or ZEM, mandates, creating new revenue stream opportunities that Damon believes will solidify its position as a trailblazer in the motorcycle industry. Following the success of California’s Zero Emission Vehicle, or ZEV, program, the state’s zero emission mandates are now being expanded to the motorcycle industry with the ZEM program. The ZEM program aims to accelerate the transition to clean energy motorcycles by incentivizing manufacturers to exceed emission standards and rewarding those that lead the charge in sustainable innovation. Under the ZEV program, automakers that surpassed emission requirements were able to generate surplus credits, which they could then sell to companies struggling to meet the standards.