The Albany Gazette - Vision Marine Partners With a Major Pontoon Manufacturer to Produce Cutting-Edge Electric Pontoons

NYSE - LSE

RELX	0.54%	48.17	$
GSK	-0.03%	33.43	$
BTI	1.13%	36.3	$
RIO	2.14%	61.1	$
NGG	0.64%	59.53	$
RBGPF	100%	60.04	$
VOD	0%	8.48	$
RYCEF	0.28%	7.14	$
CMSC	0.22%	23.25	$
SCS	1.2%	11.7	$
JRI	0.48%	12.38	$
BP	-0.28%	31.69	$
BCE	1.43%	23.15	$
AZN	-0.47%	66.6	$
BCC	-0.38%	127.97	$
CMSD	0.38%	23.59	$

Vision Marine Partners With a Major Pontoon Manufacturer to Produce Cutting-Edge Electric Pontoons

AUTOMOTIVE 18.11.2024

Vision Marine Partners With a Major Pontoon Manufacturer to Produce Cutting-Edge Electric Pontoons

Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (Nasdaq:VMAR), a pioneer in electric marine propulsion, is pleased to announce a new production initiative with Smoker Craft Inc., a U.S.-based pontoon manufacturer known for its precision engineering and advanced manufacturing capabilities. This collaboration is expected to produce a state-of-the-art pontoon platform specifically designed to integrate Vision Marine's high-performance (180 HP) electric propulsion systems, specifically the pontoon-designed P-Powerpack. We believe the powerpack will merge cutting-edge technology and exceptional craftsmanship into a transformative product for the marine industry.

Text size:

Vision Marine and its manufacturing partner will leverage their combined expertise to redefine electric pontoon capabilities. Smoker Craft manufacturing facilities provide precision engineering, laser cutting technology, and stringent quality control, making it an ideal collaborator to bring Vision Marine's innovative E-Motion™ 180E Electric Powertrain to market with high efficiency and craftsmanship.

"Our mission is to deliver a product of unparalleled quality and craftsmanship, which is why we partnered with a top-tier pontoon manufacturer possessing high-volume production capabilities," said Alexandre Mongeon, CEO of Vision Marine. "Having successfully integrated our electric propulsion systems into various pontoons over the past three years, we are certain this electric pontoon will set a new benchmark on the water and redefine the pontoon boating experience."

This new pontoon platform, intended primarily for rental operations, boat clubs and commercial applications, exemplifies Vision Marine's commitment to delivering high-voltage electric propulsion solutions that are both scalable and accessible. The collaboration is expected to enable Vision Marine to meet increasing market demand and provide rental operators with a high-performance electric boating option, setting a precedent for broader adoption and sustainable growth across the industry.

"We are glad to provide Vision Marine with high quality pontoons, best suited for their innovative electric solutions integration," said Phil Smoker, Vice President of Sales, Smoker Craft Inc.

This partnership is expected to empower Vision Marine to scale production to meet demand. By offering high-performance solutions for the commercial and rental markets with world-class recreational boat finish and quality, Vision Marine believes it will transform the marine industry through electric propulsion.

About Vision Marine Technologies

Vision Marine Technologies Inc. (NASDAQ: VMAR) is a pioneer in electric boating, recognized for its innovative E-Motion™ Electric Marine Powertrain Technology that offers a superior, zero-emission boating experience. With proprietary, turn-key electric solutions, Vision Marine combines cutting-edge technology, high-performance propulsion, and eco-friendly systems. The company has broken multiple electric world speed records, showcasing its commitment to pushing the boundaries of performance. Vision Marine is leading the transformation of the marine industry with unmatched power and efficiency for a cleaner future on the water.

Forward-Looking Statements

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include predictions, expectations, estimates, and other information that might be considered future events or trends, not relating to historical matters. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2023, and its periodic filings with the SEC provide a detailed discussion of these risks and uncertainties. Vision Marine does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, as required by law.

Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies

Investor and Company Contact:
Bruce Nurse
(303) 919-2913
[email protected]

SOURCE: Vision Marine Technologies Inc

(D.Lewis--TAG)

Featured

Spiffy's Digital Servicing Platform Expands with Krause Genesis

Krause Genesis accelerates mobile service innovation as Spiffy integrates with CDK

Vision Marine Technologies Announces Closing of Private Placement

MONTRÉAL, QC / ACCESS Newswire / January 16, 2025 / Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (NASDAQ:VMAR), a leading innovator in electric marine propulsion, today announced the closing of its previously announced brokered private placement offering with accredited and institutional investors for the issuance and sale of units consisting of common shares (each a "Common Share") (or pre-funded warrants (each a "Pre-funded Warrant") in lieu thereof) together with warrants (each a "Common Warrant") to purchase one-half of the number of Common Shares (or Pre-funded Warrants) of the Company at a price of US$1.25 per unit, for aggregate gross proceeds of approximately US$5.9 million, before deducting fees and offering expenses.

Vision Marine Technologies Files Patent Application for Proprietary Battery Encryption System

Safeguarding Advanced Powertrain Technology and Boaters' Data from Third-Party Substitution

Vision Marine Technologies Announces $5.8 Million Private Placement

The Company will be issuing a combination of 4,626,400 common shares (or Pre-funded Warrants in lieu thereof), and common warrants to purchase 2,313,200 common shares. Each Pre-funded Warrant will entitle the holder to acquire one common share at an exercise price of $0.001 per share, and each Common Warrant will be immediately exercisable and entitle the holder to acquire one common share at an exercise price of $1.50 per share, for a period of five and one-half years following the closing of the Offering. The private placement is expected to close on January 14, 2025, subject to customary closing conditions.