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

Safeguarding Advanced Powertrain Technology and Boaters' Data from Third-Party Substitution MONTREAL, QC / ACCESSWIRE / January 14, 2025 / Vision Marine Technologies Inc. (the "Company," "Vision Marine," "we," "us," "our") (NASDAQ:VMAR) is pleased to announce the filing of its latest patent application with the United States Patent and Trademark Office for a groundbreaking Battery Authentication Encryption Technology. This system is designed to securely integrate proprietary components within the E-Motion™ Electric Powertrain, prevent third-party substitution, and gather valuable boaters' data, reinforcing the strategic value of Vision Marine's advanced technology."The importance of system s

MONTREAL, QC / ACCESSWIRE / January 13, 2025 / Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (NASDAQ:VMAR), a pioneer in electric marine propulsion, today announced that it has entered into definitive securities purchase agreements dated January 12, 2025 with accredited and institutional investors for the issuance and sale of units consisting of common shares (each a "Common Shares") (or pre-funded warrants ("Pre-funded Warrants") to purchase in lieu thereof) together with warrants (each a "Common Warrant") to purchase one-half of the number of shares of common shares (or Pre-funded Warrants) of the Company at a price of US $1.25 per unit, on a brokered

MONTREAL, QC / ACCESSWIRE / January 11, 2025 / Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (NASDAQ:VMAR), a leading innovator in electric marine propulsion, is pleased to announce its schedule for the upcoming boat show season. The company will showcase its groundbreaking electric powertrain technology, its latest innovative electric boats, and, for the first time, electric pontoons available for purchase and delivery started spring 2025. Different boats, including E-Motion™ equipped models, will be showcased at select locations, ensuring a varied experience tailored to each show. Attendees will have the opportunity to see, test, and buy these newly ad

BOISBRIAND, QC / ACCESSWIRE / January 10, 2025 / Vision Marine Technologies Inc. ("Vision Marine") (NASDAQ:VMAR), a leader in electric marine propulsion systems, is pleased to announce the successful completion of an at-the-market ("ATM") offering, raising gross proceeds of approximately US$11.75 million and net proceeds of approximately US$11.2 million. We intend to use the net proceeds from the offering for general corporate purposes, including strategic acquisitions aimed at expanding our market presence and enhancing our technological capabilities. Following the completion of today's ATM executions, the total number of common shares issued and outstanding will be 5,522,029, and Vision

MONTREAL, QC / ACCESSWIRE / January 9, 2025 / Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (NASDAQ:VMAR), a leading innovator in electric marine propulsion, announces the establishment of a production line for custom cooling plates in partnership with Calip Group, a leader in high-tech welding processes. Under this collaboration, Calip Group will supply components that enhance the thermal management of Vision Marine's high-voltage (HV) marine battery packs. These custom cooling plates are specifically tailored to meet the stringent demands of marine applications, with production slated to begin in 2025.Marine battery packs operate in environments that d

MONTRÉAL, QUEBEC / ACCESSWIRE / December 8, 2024 / Vision Marine Technologies Inc. (the "Company," "Vision Marine," "we," "us," "our") (NASDAQ:VMAR), a pioneer in electric marine propulsion, has announced a strategic partnership with Armada Pontoons, a renowned manufacturer of high-quality pontoon boats based in Quebec, Canada. This collaboration introduces a new electric pontoon boat designed to meet the growing demand for eco-friendly, regulation-compliant, and competitively priced boating solutions for North America's vast network of lakes. Many lakes across North America, particularly in states like Georgia, North Carolina, Ohio, and Pennsylvania, have implemented restrictions that all

Fully Integrated 30-foot Electric Pontoon Platform Designed for Commercial and Recreational Markets Showcases Commitment to Innovation and Sustainability GARLAND, Texas, Dec. 2, 2024 /PRNewswire/ -- Massimo Group (NASDAQ:MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the Company's marine division, Massimo Marine, entered into a partnership with Vision Marine Technologies Inc (NASDAQ:VMAR) ("Vision Marine"), a pioneer in electric marine propulsion. This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. As part of Vision Marine's strategic shift to offer

MONTREAL, QC / ACCESSWIRE / December 1, 2024 / Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (NASDAQ:VMAR), a pioneer in electric marine propulsion, has entered into a milestone partnership with Massimo Marine, the marine division of Massimo Group (MAMO). This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. As part of Vision Marine's strategic shift to offer complete electric boats directly to consumers, this partnership represents a key step in rapidly delivering high-quality electric marine products to market. The U.S. pontoon boat market is a growing one. In 2023, pon

MONTREAL, QC / ACCESSWIRE / November 20, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR), a pioneer in electric marine propulsion, is excited to announce its participation in the grand opening of Aileron. The grand opening marks a launch sale event for the prestigious residential project on Thursday, November 21, 2024, at 5 PM, at the Aileron Sales Centre, 50 South Bryan Road, Dania Beach Florida. Vision Marine will be on-site showcasing two Fantail 217 electric boats and Groupe Beneteau's Four Winns H2e Bowrider which was recently acclaimed as "Bowrider of the Year" by Boating Magazine. These boats are available for purchase on Vision Electric Boat's website at visionelectricboats.com.

MONTREAL, May 30, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneering force in recreational electric marine propulsion, proudly announces the acquisition of critical industrial tooling to support the production capacity of over 10,000 battery packs per year. This strategic milestone firmly establishes Vision Marine as a frontrunner in meeting the escalating demand for electrified marine solutions. Over the past two years, Vision Marine, in collaboration with its partners, has developed the industry's first monolithic marine-dedicated battery pack, meticulously engineered to power the E-Motion™ Powertrain. These state-of-t

MONTREAL, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Vision Marine Technologies, Inc. (Nasdaq: VMAR) (“Vision Marine” or the “Company”), a leader in transforming the boating market by designing and manufacturing environmentally friendly electric boats and propulsion systems, is pleased to announce today that it has acquired MAC Engineering's intellectual property relating to marine outboard electronic systems. MAC Engineering, the European distributor of the UQM brand, and one of the global leaders in medium and high-power electric motors in the USA, is the highly regarded designer of propulsion and battery management systems and components for electric vehicles. Under the terms of the transaction

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MONTREAL, QC / ACCESSWIRE / March 1, 2024 /Vision Marine Technologies Inc. (NASDAQ:VMAR), a trailblazer in electric recreational boating, is thrilled to announce Raffi Sossoyan as its new Chief Financial Officer (CFO), effective March 1, 2024. This strategic appointment marks a significant step as Vision Marine gears up for an ambitious phase focused on manufacturing, production, and delivery, underlining the company's dedication to scaling its operations and enhancing its market footprint. Raffi Sossoyan brings a wealth of experience, with over 25 years in global financial and operational leadership. His recent role as Vice President, Corporate Treasury at Velan, Inc., a Canadian multinat

MONTREAL, QC / ACCESSWIRE / February 13, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, announced today the appointment of Anthony E. Cassella Jr., Executive Vice President Finance and Chief Accounting Officer of MarineMax, Inc. (NYSE:HZO) to the Company's Board of Directors as an independent director. This appointment reinforces Vision Marine's leading role in marine technology innovation and underscores its commitment to strong corporate governance. "Anthony brings a wealth of knowledge and experience to the Vision Marine Board, having served in roles

MONTREAL, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, today announced the resignation of Mr. Renaud Cloutier from the Board of Directors for personal reasons. Vision Marine is currently interviewing a number of potential candidates to join the Board and expects to make an appointment announcement in the coming weeks. "On behalf of the Vision Marine Board of Directors and the company, we would like to thank Mr. Renaud Cloutier for his valuable contributions to the Company over the past two years. We appreciate the opportunity

COLLINGWOOD, Ontario, Jan. 10, 2022 (GLOBE NEWSWIRE) -- The Limestone Boat Company Limited ("Limestone" or the "Company") (TSXV:BOAT) – owner and builder of Aquasport Boats, Limestone® Boats and Boca Bay Boats – is pleased to provide an update on its corporate activities and operational initiatives throughout 2021 as the Company heads into what is shaping up to be a very promising 2022. "As we enter the new calendar year, we remain extremely excited about the opportunity that lies before us," stated Limestone CEO Scott Hanson. "High retail demand continues to drive inventory levels across the industry to historically low levels and while global supply chain pressures continue to persist,

MONTREAL, May 25, 2021 (GLOBE NEWSWIRE) -- Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company") is pleased to announce that Alan D. Gaines has been appointed to the Board of Directors and will serve as Chairman of the Board, replacing Mr. Robert Ghetti, who has resigned from Vision's board to devote more time to other business interests. "I am very pleased to join the board of Vision Marine Technologies and to support the highly experienced and forward thinking and ESG principled executive management team in its mandate to bring safe, eco-friendly, and low maintenance electric boating to the traditional internal combustion engine (ICE) mainstream marketplace

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