Latest news with #VisionMarineTechnologiesInc
USA Today
01-07-2025
- Automotive
- USA Today
Vision Marine Technologies to Host Investor Call Following Strategic Acquisition of Nautical Ventures Group
Vision Marine Technologies Inc. (NASDAQ:VMAR) ('Vision Marine' or the 'Company'), a leading innovator in high-voltage electric marine propulsion systems, today announced it will host a live investor call and webcast to discuss the Company's acquisition of Nautical Ventures Group Inc.('Nautical Ventures, named the 2024 Boating Industry Top Dealer of the Year by Boating Industry. Nautical Ventures has generated over US $100 million in annual revenue from 2020 to 2023, with a strong presence across Florida and national exposure through its boat show attendance, brand portfolio, and digital marketing platform. The acquisition represents a major milestone in Vision Marine's growth strategy, providing access to a proven retail and service infrastructure and facilitating the market rollout of its E-Motion™ electric powertrain systems. Event Details : Wednesday, July 2, 2025, at 11:30 am ET / 8:30 am PT. The Vision Marine conference call may be accessed as follows : Webcast URL: Teleconference: Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 181749 Vision Marine's management team plans to share insights into how this strategic move supports its broader vision for scaling electric propulsion in the recreational marine industry, enhances operational reach, and positions the Company for long-term growth. About Vision Marine Technologies Inc. Vision Marine Technologies Inc. (NASDAQ:VMAR) is a leading innovator in high-voltage electric propulsion systems for the recreational marine industry. The Company's E-Motion™ powertrain offers OEMs and consumers a scalable, zero-emission, high-performance alternative to internal combustion systems. Vision Marine's mission is to transform the boating experience through technology, efficiency, and integrated end-to-end electric solutions. Visit: About Nautical Ventures Group, Inc. Nautical Ventures is an award-winning marine dealership headquartered in Florida, operating nine retail and service locations with global reach. Known for its innovation and bold branding, the company offers a full portfolio of marine products-spanning powerboats, yachts, tenders, catamarans, and electric vessels-supported by factory-trained service and international export capabilities. Nautical Ventures leads the market in real-world adoption of electric propulsion and is the creator of the 'Orange is the New Green' campaign. Visit: Forward-Looking Statements This press release contains forward-looking statements within the meaning of U.S. securities laws, including statements related to the strategic, operational, and financial impacts of the acquisition. These statements are subject to risks and uncertainties, including those discussed in Vision Marine's filings with the U.S. Securities and Exchange Commission. Vision Marine undertakes no obligation to update forward-looking statements except as required by law. Investor Contact: Bruce Nurse, Investor Relations Vision Marine Technologies Inc. (303) 919-2913 bn@ SOURCE: Vision Marine Technologies Inc View the original press release on ACCESS Newswire
Miami Herald
18-06-2025
- Automotive
- Miami Herald
Vision Marine Technologies' 180E Electric Powertrain Approved under California's CORE Voucher Program, Incentivizes Adoption of Electric Boat Propulsion
E-Motion™ 180E systems now eligible for up to $170,000 in per-unit government vouchers-driving large-scale electrification of commercial fleets in California Key Highlights Vision Marine's E-Motion™ 180E propulsion kits approved under California's CORE (Clean Off-Road Equipment) programUp to $170,000 per vessel in state-funded vouchers available for qualifying fleet operatorsApplies to both new electric boat builds and retrofit conversions using Vision Marine's certified installersCalifornia market includes approximately 4,400 commercially operated vessels across sectors such as ferries, harbor patrol, tour boats, rentals, and service craftApproval aligns with broader industry momentum toward electrification, strengthening Vision Marine's market position MONTREAL, QC / ACCESS Newswire / June 18, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR), a developer of high-performance electric marine propulsion systems, announced today that its flagship E-Motion™ 180E powertrain has been approved for inclusion in California's CORE (Clean Off-Road Equipment) Voucher Incentive Project. This approval makes Vision Marine's propulsion kits eligible for point-of-sale vouchers of up to $170,000 per unit, substantially reducing the cost of adopting electric propulsion for organizations modernizing their fleets. "This represents a major milestone for Vision Marine, significantly enhancing our market position and accelerating our ability to drive widespread adoption of electric propulsion technology," said Alexandre Mongeon, CEO of Vision Marine Technologies. California: A Strategic Market for Marine Electrification California operates one of the largest and most dynamic commercially operated marine sectors in North America. With approximately 4,400 vessels in use across ferry services, water taxis, harbor patrol, tour operations, and rental businesses, the state presents a significant opportunity for electrification. Many of these segments are actively seeking clean alternatives to gas and diesel propulsion due to emissions regulations and increasing demand for quieter, lower-maintenance vessels. Vision Marine's E-Motion™ 180E system-now listed under CORE-offers a compliant, high-performance solution for operators upgrading existing boats or commissioning new electric vessels. Market Impact and Sales Potential With this approval, Vision Marine can now offer its E-Motion™ 180E propulsion kits to eligible buyers with substantial financial support from the CORE program. Both new electric vessels and repower conversions are supported when completed by certified Vision Marine technicians and installers. As the only 180 HP continuous electric powertrain listed under CORE, Vision Marine stands to benefit from increased demand across a wide range of commercial use cases. The company's commercial readiness, field-tested product, and established presence in California position it well to respond to immediate regional fleet electrification needs. This milestone also comes as the global marine industry rapidly shifts toward clean propulsion. The combination of policy-driven funding and organic market demand creates a powerful tailwind for Vision Marine Technologies. "California has long been a bellwether for clean technology adoption," added Mongeon. "Our CORE approval enhances our visibility and competitiveness in this key market, while reinforcing our ability to scale as electrification expands across North America." About Vision Marine Technologies Inc. Vision Marine Technologies Inc. (NASDAQ:VMAR) is a leader in high-performance electric marine propulsion. Its flagship E-Motion™ 180E system delivers 180 HP of continuous power through a fully integrated, scalable electric powertrain platform. Built for reliability and commercial-grade use, Vision Marine's solutions serve OEMs, fleet operators, government agencies, and rental services across North America. For more information, visit: About the CORE Program The Clean Off-Road Equipment (CORE) Voucher Incentive Project is administered by the California Air Resources Board (CARB) and funded by the state's Cap-and-Trade program. CORE provides point-of-sale vouchers that help reduce the upfront cost of zero-emission off-road equipment, including marine technologies. The program is designed to accelerate the adoption of cleaner equipment and support California's climate and air quality goals. To learn more, visit: Forward-Looking Statements Certain statements in this press release, including, but not limited to, statements regarding the anticipated benefits of the exclusive supply agreement, market expansion, and future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions and subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Vision Marine disclaims any obligation to update these statements except as required by law. Actual results may differ materially from those expressed or implied. For a detailed discussion of these risks, refer to Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2024, and other periodic filings with the SEC. Vision Marine does not undertake any obligation to update or revise forward-looking statements other than as required by law. Investor Relations Contact: Vision Marine Technologies Nurse - Investor Relationsbn@ 919-2193 Website: Twitter: @marine_visionFacebook: @VisionMarineTechnologiesInstagram: @ @VisionMarineTechnologies SOURCE: Vision Marine Technologies Inc
Miami Herald
16-05-2025
- Business
- Miami Herald
Vision Marine Technologies Announces Settlement of Outstanding Legal Claim
MONTREAL, QC / ACCESS Newswire / May 16, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion systems, today announced that it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders. This resolution fully addresses a legal dispute, providing the Company with a clean capitalization structure. In addition, after the resolution Vision Marine believes it maintains a strong cash position, supporting the Company's liquidity to facilitate ongoing business operations, strategic initiatives, and prospective expansion efforts. Alex Mongeon, CEO of Vision Marine, commented, "We are pleased to announce this resolution, which marks an important milestone for Vision Marine. This settlement allows us to fully focus on executing our strategic objectives and accelerating growth in the rapidly expanding electric marine sector." About Vision Marine Technologies, Inc. Vision Marine Technologies Inc. (NASDAQ:VMAR) designs and manufactures cutting-edge electric propulsion systems and complete electric boat solutions. The Company's flagship E-Motion™ 180E powertrain is a market-proven, purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon, now available for order. Vision Marine collaborates with industry-leading original equipment manufacturers to accelerate the adoption of powerful, maintenance-friendly electric boating solutions worldwide. Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements." These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine's competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law. Investor & Company Contact Vision Marine TechnologiesBruce Nurse - Investor Relations(303) 919-2913bn@ Website: @marine_visionFacebook: @VisionMarineTechnologiesInstagram: @ @VisionMarineTechnologies SOURCE: Vision Marine Technologies Inc
Yahoo
16-05-2025
- Business
- Yahoo
Vision Marine Technologies Announces Settlement of Outstanding Legal Claim
MONTREAL, QC / / May 16, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion systems, today announced that it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders. This resolution fully addresses a legal dispute, providing the Company with a clean capitalization structure. In addition, after the resolution Vision Marine believes it maintains a strong cash position, supporting the Company's liquidity to facilitate ongoing business operations, strategic initiatives, and prospective expansion efforts. Alex Mongeon, CEO of Vision Marine, commented, "We are pleased to announce this resolution, which marks an important milestone for Vision Marine. This settlement allows us to fully focus on executing our strategic objectives and accelerating growth in the rapidly expanding electric marine sector." About Vision Marine Technologies, Inc. Vision Marine Technologies Inc. (NASDAQ:VMAR) designs and manufactures cutting-edge electric propulsion systems and complete electric boat solutions. The Company's flagship E-Motion™ 180E powertrain is a market-proven, purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon, now available for order. Vision Marine collaborates with industry-leading original equipment manufacturers to accelerate the adoption of powerful, maintenance-friendly electric boating solutions worldwide. Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements." These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine's competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law. Investor & Company Contact Vision Marine TechnologiesBruce Nurse - Investor Relations(303) 919-2913bn@ Website: @marine_visionFacebook: @VisionMarineTechnologiesInstagram: @ @VisionMarineTechnologies SOURCE: Vision Marine Technologies Inc View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
06-05-2025
- Automotive
- Miami Herald
Vision Marine Technologies Files Patent for Advanced Software-Based Overload Protection in Electric Marine Powertrains
Press Releases Vision Marine Technologies Files Patent for Advanced Software-Based Overload Protection in Electric Marine Powertrains Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion systems, announced today it filed a new U.S. patent application with the United States Patent and Trademark Office for software-driven overload protection of cooling-pump motors integrated within the Company's proprietary E-Motion™ high-voltage ("HV") powertrain. The patent introduces smart software within the Company's E-Motion™ HV Electric Marine Powertrain that continuously monitors electrical conditions of the cooling-pump motor. Similar to a home's digital circuit breaker, this system instantly disconnects power when an overload is detected, eliminating the need for traditional hardware fuses. This patent application's approach not only safeguards critical components but also significantly reduces system weight, saves valuable installation space, and simplifies wiring for boat manufacturers, who can easily integrate this advanced protection into their existing designs, whether for single or dual motor setups. Additionally, the patent pending software-driven system provides considerable operational benefits through continuous digital monitoring and data collection. By capturing detailed performance data, operators receive clear, practical insights that enable proactive maintenance scheduling, significantly reducing downtime and operational disruptions. The digital nature of this proposed solution further allows for remote, over-the-air updates, ensuring vessels continuously receive the latest safety enhancements and regulatory compliance without the need for physical servicing. "Intelligent thermal management is fundamental to reliable high-power electrification at sea," said Xavier Montagne, Chief Technology Officer at Vision Marine. "By moving overload protection into software, we introduce a superior layer of resilience, significantly reduce hardware complexity for original equipment manufacturers, and help boaters enjoy more time on the water with less maintenance." This patent application filing further expands Vision Marine's robust intellectual property portfolio and supports the Company's strategic initiative to deliver industrialized, safe, and user-centric electric propulsion solutions to global boat manufacturers and rental fleets. Additionally, this innovation reinforces Vision Marine's direct-to-consumer strategy, building on production agreements with multiple recreational boat manufacturers to bring integrated electric boats-such as the V30 and V24-to market, thereby strengthening the Company's position and demonstrating product readiness. About Vision Marine Technologies, Inc. Vision Marine Technologies Inc. (NASDAQ:VMAR) designs and manufactures cutting-edge electric propulsion systems and complete electric boat solutions. The Company's flagship E-Motion™ 180E powertrain is a market-proven, purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon, now available for order. Vision Marine collaborates with industry-leading OEMs to accelerate the adoption of powerful, maintenance-friendly electric boating solutions worldwide. Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements." These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine's competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law. Investor & Company Contact Vision Marine Technologies Bruce Nurse - Investor Relations (303) 919-2913 bn@ Website: Twitter: @marine_vision Facebook: @VisionMarineTechnologies Instagram: @ YouTube: @VisionMarineTechnologies SOURCE: Vision Marine Technologies Inc
