DeLorean Advances Its Commitment to Innovation and Engagement by Launching DMC Token

TORTOLA, British Virgin Islands--(BUSINESS WIRE)--Jan 13, 2025--

DeLorean Labs, the web3 arm of the iconic DeLorean brand, has announced the launch of its token presale on Republic’s Sui LaunchPad, which will be the first token issued on the innovative platform. The public presale opens on January 21, 2025, with eligibility to gain early access by signing up to the allowlist on DeLoreanLabs.com by January 15, 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250113986136/en/

This milestone signifies a transformative step for DeLorean as it embraces cutting-edge web3 technology to engage with its global community in unprecedented ways. For the first time in more than 50 years, individuals worldwide can actively participate in DeLorean’s evolving ecosystem, bridging the gap between blockchain innovation and one of the world’s most iconic brands.

“This launch marks a groundbreaking moment for DeLorean, as it allows us to forge deeper connections with our community through web3 technology while setting a new standard for innovation in the automotive and blockchain industries,” said Evan Kuhn, president of DeLorean Labs. “By leveraging the power of blockchain, we are not only transforming how we engage with our audience but also redefining what it means to be a forward-thinking brand in today’s digital age. This is just the beginning of our journey to build a truly collaborative and innovative ecosystem.”

The Sui LaunchPad, powered by Republic provides an integrated ecosystem for creating utility tokens, facilitating regulatory compliance, and facilitating distribution to retail and institutional investors into a cohesive ecosystem.. DeLorean Labs’ debut as the first token on the platform underscores its commitment to driving innovation and setting new standards in web3.

"We are thrilled to collaborate with DeLorean Labs for their token presale on Republic's Sui LaunchPad, as this collaboration not only showcases DeLorean's innovative spirit in the web3 space but also leverages Republic’s platform to make this iconic brand accessible to a new generation of investors." said Caitlin Szikszai, Go-To-Market Manager at Republic. “By providing a secure and compliant environment, we're excited that fans and enthusiasts of DeLorean can participate in this historic moment, truly democratizing investment in one of the world’s most recognizable brands. It's a perfect synergy between DeLorean's legacy of innovation and Republic's mission to empower individuals globally."

To ensure a broad and inclusive token launch, DeLorean Labs has partnered with multiple web3 communities to provide allowlist access ahead of the public presale. This approach aims to prioritize loyal supporters and early adopters, offering them the first opportunity to participate in this groundbreaking moment in DeLorean’s storied history. Through its community-focused approach to the presale, DeLorean Labs reinforces its commitment to building a vibrant and collaborative web3 ecosystem.

"This announcement is a testament to the power of blockchain in connecting traditional brands with modern technology, and we're excited to see how DeLorean expands its community and legacy through this groundbreaking initiative," said Christian Thompson, Managing Director at Sui Foundation. "The integration of DeLorean into the Sui ecosystem not only brings a piece of automotive history into the digital age but also demonstrates how blockchain can be used to foster new forms of community interaction and brand engagement. This launch is just the beginning of what we believe will be a series of innovative projects that will further cement Sui's reputation as a leading platform for blockchain-based ventures."

This launch follows the sold-out mint of DeLorean’s digital Time Capsules, which allowed participants to win prizes, including a 2026 DeLorean EV, further showcasing the brand’s ability to engage digital communities.

Click here to join the Allowlist: deloreanlabs.com.

Important Notice: The official DeLorean $DMC Contract Address has not yet been published. When available, it will be posted on DeLoreanLabs.com. No other Contract Address will be recognized by DeLorean.

Disclosure: https://republic.com/delorean-disclosure

This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by OpenDeal Broker LLC dba the Capital R (“ODB”), Member FINRA & SIPC, or Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) or any of their affiliates.

OpenDeal Broker LLC and Republic Advisory Services are subsidiaries within a family of companies owned by OpenDeal Inc. (together sometimes referred to as “Republic”). Republic and its affiliates do not provide tax, accounting or legal advice — all recipients are advised to consult with their own advisor.

Neither OpenDeal Broker LLC nor Republic Advisory Services nor any of their affiliates has independently verified any of the information provided or makes any assurances as to the completeness, accuracy or reliability of any such information provided by DeLorean (BVI) Inc. (“DeLorean”) or its affiliated companies. This web page may contain external links to third-party content (content hosted on sites unaffiliated with OpenDeal Broker LLC or Republic Advisory Services), and neither OpenDeal Broker LLC nor Republic Advisory Services nor any of their affiliates makes any representations whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this post. Linking to any such third-party sites in no way implies or constitutes an endorsement or affiliation of any kind between OpenDeal Broker LLC or Republic Advisory Services (or any of its affiliates) and any third-party.

About DeLorean

For more than 40 years, DeLorean has been a renowned automotive brand rooted in counterculture. Building on the authenticity of the iconic DMC-12, the company is creating a new and electrifying vehicle designed to push the boundaries of what’s possible. Intelligent intuitive human design and craftsmanship. Applying its rebellious DNA, DeLorean is writing its legacy in real-time while instinctively adapting to the future.

About Republic

Republic is a global financial technology company that allows anyone to invest in anything, anywhere. Republic operates several distinct business lines including a retail investment platform, a private capital division, and a blockchain advisory practice. The Republic ecosystem has raised $2.6B+ in investments, has supported over 600 companies, and comprises a community of over 3M+ users across over 150 countries. Republic is backed by dozens of leading investment firms and financial institutions and its affiliated entities have co-invested with the best names in venture and private equity. Founded in 2016, Republic is headquartered in New York City with offices worldwide.

Delorean Labs (Photo: Business Wire)

HOUSTON (AP) — Former Uvalde, Texas, schools police Officer Adrian Gonzales was among the first officers to arrive at Robb Elementary after a gunman opened fire on students and teachers.

Prosecutors allege that instead of rushing in to confront the shooter, Gonzales failed to take action to protect students. Many families of the 19 fourth-grade students and two teachers who were killed believe that if Gonzales and the nearly 400 officers who responded had confronted the gunman sooner instead of waiting more than an hour, lives might have been saved.

More than 3½ years since the killings, the first criminal trial over the delayed law enforcement response to one of the deadliest school shootings in U.S. history is set to begin.

It’s a rare case in which a police officer could be convicted for allegedly failing to act to stop a crime and protect lives.

Here’s a look at the charges and the legal issues surrounding the trial.

Gonzales was charged with 29 counts of child endangerment for those killed and injured in the May 2022 shooting. The indictment alleges he placed children in “imminent danger” of injury or death by failing to engage, distract or delay the shooter and by not following his active shooter training. The indictment says he did not advance toward the gunfire despite hearing shots and being told where the shooter was located.

Each child endangerment count carries a potential sentence of up to two years in prison.

State and federal reviews of the shooting cited cascading problems in law enforcement training, communication, leadership and technology and questioned why officers from multiple agencies waited so long before confronting and killing the gunman, Salvador Ramos.

Gonzales’ attorney, Nico LaHood, said his client is innocent and public anger over the shooting is being misdirected.

“He was focused on getting children out of that building,” LaHood, said. “He knows where his heart was and what he tried to do for those children.”

Jury selection in Gonzales’ trial is scheduled to begin Jan. 5 in Corpus Christi, about 200 miles (320 kilometers) southeast of Uvalde. The trial was moved after defense attorneys argued Gonzales could not receive a fair trial in Uvalde.

Gonzales, 52, and former Uvalde schools police chief Pete Arredondo are the only officers charged. Arredondo was charged with multiple counts of child endangerment and abandonment. His trial has not been scheduled, and he is also seeking a change of venue.

Prosecutors have not explained why only Gonzales and Arredondo were charged. Uvalde County District Attorney Christina Mitchell did not respond to a request for comment.

It’s “extremely unusual” for an officer to stand trial for not taking an action, said Sandra Guerra Thompson, a University of Houston Law Center professor.

“At the end of the day, you’re talking about convicting someone for failing to act and that’s always a challenge,” Thompson said, “because you have to show that they failed to take reasonable steps.”

Phil Stinson, a criminal justice professor at Bowling Green State University who maintains a nationwide database of roughly 25,000 cases of police officers arrested since 2005, said a preliminary search found only two similar prosecutions.

One involved a Florida sheriff’s deputy, Scot Peterson, who was charged after the 2018 Parkland school massacre for allegedly failing to confront the shooter — the first such prosecution in the U.S. for an on-campus shooting. He was acquitted by a jury in 2023.

The other was the 2022 conviction of former Baltimore police officer Christopher Nguyen for failing to protect an assault victim. The Maryland Supreme Court overturned that conviction in July, ruling prosecutors had not shown Nguyen had a legal duty to protect the victim.

The justices in Maryland cited a prior U.S. Supreme Court decision on the public duty doctrine, which holds that government officials like police generally owe a duty to the public at large rather than to specific individuals unless a special relationship exists.

Michael Wynne, a Houston criminal defense attorney and former prosecutor not involved in the case, said securing a conviction will be difficult.

“This is clearly gross negligence. I think it’s going to be difficult to prove some type of criminal malintent,” Wynne said.

But Thompson, the law professor, said prosecutors may nonetheless be well positioned.

“You’re talking about little children who are being slaughtered and a very long delay by a lot of officers,” she said. “I just feel like this is a different situation because of the tremendous harm that was done to so many children.”

Associated Press writer Jim Vertuno in Austin, Texas, contributed.

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FILE - Flowers are placed around a welcome sign outside Robb Elementary School in Uvalde, Texas, May 25, 2022, to honor the victims killed in a shooting at the school. (AP Photo/Jae C. Hong, File)

Velma Lisa Duran, sister of Robb Elementary teacher Irma Garcia, cries as she reflects on the 2022 Uvalde, Texas, school shooting during an interview on Dec. 19, 2025, in San Antonio. (AP Photo/Kin Man Hui)

Velma Lisa Duran, sister of Robb Elementary teacher Irma Garcia, poses with photos of her sister and brother-in-law, Joe Garcia, as she reflects on the 2022 Uvalde, Texas, school shooting on Dec. 19, 2025, in San Antonio. (AP Photo/Kin Man Hui)

FILE - This booking image provided by the Uvalde County, Texas, Sheriff's Office shows Adrian Gonzales, a former police officer for schools in Uvalde, Texas. (Uvalde County Sheriff's Office via AP, File)

FILE - Crosses with the names of shooting victims are placed outside Robb Elementary School in Uvalde, Texas, May 26, 2022. (AP Photo/Jae C. Hong, File)