Duesenberg Finalizes Torpedo Prestige Sports Coupe Design

Penang, Malaysia--(Newsfile Corp. - February 1, 2023) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announces first details of the newly finalised "Torpedo" Prestige Sports Coupe design. Final design of the vehicle has been recently completed, featuring state of the art battery technology, an all-new bespoke platform offering a new form of sustainable body and a focus on bespoke manufacturing.

Each vehicle is expected to be able to be fitted out in a completely bespoke manner according to the customers' wishes and several core variations will be possible on each vehicle.

"With the Torpedo we have undertaken a completely clean sheet in terms of the car design to create a truly unique experience for customers to have incredible scope to make a unique car," says Chris Reitz, Lead Designer of the new Duesenberg. "The Duesenberg story offers us an incredible platform to explore a design, which changes the way people look at vehicles in an exciting and novel way, and we are extremely excited to be able to show the public the new look shortly."

Throughout the vehicle, Torpedo will feature exceptional elements crafted in environmentally friendly ways without compromising exceptional level of luxury. Use of composite components and eco-friendly materials, developed using new manufacturing technologies in partnership with industry partners, is abundant within the vehicle. Each Duesenberg Torpedo, regardless of the variation or customization, will feature a high voltage powertrain to provide the utmost efficiency and effectiveness to the engine.

"The Torpedo is designed to offer to customers an absolutely exceptional experience in every way, from the design of the car to the use of the strongest and best components throughout the vehicle," states Joe Lim, CEO and Chairman of Duesenberg Inc. "In creating this car, we wanted to use our years of research and studying new emerging technologies and markets to create something new and exciting."

The Company is targeting a late 2023 debut of a prototype of the new Duesenberg Torpedo.

The reader is cautioned that this information provided is forward looking and that the Company's electrical vehicle expansion is still in its infancy.

The above does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States. The securities have not been registered under the Act and may not be offered or sold within the United States or to U.S. persons unless an exemption from such registration is available.

The above is an image of the "Torpedo" Prestige Sports Coupe design, and is not intended for use in marketing or  promotional materials.

To view an enhanced version of this graphic, please visit:
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About Duesenberg Technologies Inc.

Duesenberg Technologies Inc. was established out of the collective ambition of investors experienced in the online business and marketing. Our goal was to help entrepreneurs and businesses turn their own ideas and visions into successful companies. The Company's business strategy relies heavily environmentally friendly technologies. Duesenberg Technologies' goal is to be climate neutral across its full value chain, in line with the goals set by the Paris Agreement. The Company is committed to energy resiliency through Development in Energy Transition Goal. This strategy identifies an immediate and urgent need to reduce greenhouse gas emissions to help mitigate the effects of climate change, reduce energy use, and improve air quality. The Company is posed to play a vital role in supporting all three of these objectives by reducing the environmental impact through manufacturing a new type of luxury electric vehicles.

On behalf of the Board of Directors,

Lim, Hun Beng (Joe), President

CONTACT INFORMATION
Duesenberg Technologies Inc.
+1-236-304-0299
contactus@duesenbergtech.com

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to, inability of the Company to raise sufficient financings, delays or uncertainties with regulatory approvals and delays or uncertainties associated with research and development of an Electric Vehicle. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings, which are available at www.SEC.gov. We seek safe harbour.

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