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The Limestone Boat Company has placed its first order for an all-electric system for its 2024 serial EV boat production.Canadian Business Journal

SEPTEMBER 21, 2022, COLLINGWOOD, ON (GLOBE NEWSWIRE) — Limestone Boat Company (“Company”) (TSXV: Boat | OTCQB: LMSBF) – Aquasport Boats, Limestone owner and builder® Boats and Boca Bay Boats – Following the successful sea trials of Vision Marine, we are pleased to announce that we have placed our first order for the first all-electric propulsion system for our 2024 EV boat (NASDAQ: VMAR) feelings This summer, the electric outboard aqua sports 2100CC.

Underwater testing fully validates that the company’s EV engine partner, Vision Marine, is the preeminent provider of high-performance power in the recreational boating market, delivering impressive speeds, operating and charging times, and handling results. brought. The new EV model will debut later this month at the Vision Marine Technology exhibit at the Fort Lauderdale International Boat Show. Consumers can make a deposit to secure his one of the first production models scheduled to ship in Q4 2023.

Limestone Boat Company integrated EV systems and upgraded existing and future models to meet the demand of customers looking for quieter, emission-free boating alternatives, reducing their electric footprint. keep expanding. In addition, we identify ideal geographic markets, models, distribution, retail partners, and sales developments in consideration of performance indicator validation and our first-mover market opportunities.

“Our choice to partner with Vision Marine to deliver a state-of-the-art EV boating experience has proven to be the right one. We are excited to add EV to our model line-up,” said Scott Hanson, CEO of Limestone Boat Company. “Sea trials demonstrating the E-Motion powertrain’s capabilities underscored the partnership’s shared commitment to safety, quality and reliability. The performance and stability of our renowned Deep V hull are never compromised. The boat was safe and complied with the safety standards required by the Limestone Boat Company that exceed industry compliance standards.”

Sales of conventional internal combustion engine boats continue to be strong and are expected to continue to grow, as demonstrated by the strength of our backlog and the offerings of our engine partners, and we expect that conventional momentum will continue to grow in the foreseeable future. We will further strengthen what remains our focus over the years. But as consumer interest and adoption of electric boats grows, we will be at the forefront of the transition established by our early EV engine partnerships and integration commitments. Providing customers with a dependable and dependable boating experience featuring breakthrough power performance that does not compromise the expectations and ride quality for which it is famous.

For more information on Limestone Boat Company’s EV initiative, please visit www.limestoneboatcompany.com.

About The Limestone Boat Company Limited
The Limestone Boat Company – Owner and Builder of Aquasport Boats in Limestone® Boats and Boca Bay Boats – Listed and traded on the Toronto Venture Exchange and OTCQB in the United States under the ticker symbol BOAT.® The Venture Market under the ticker symbol LMSBF. Headquartered in Collingwood, Ontario, with his 145,000 square foot manufacturing facility in White Bluff, Tennessee. The company is supported by a large, highly skilled workforce and dealer partners throughout the Great Lakes region of the United States and Canada.

For more information, please contact:
Bill Mitras | Investor Relations
[email protected]

Neither TSXV nor its regulated service providers (as those terms are defined in TSXV’s policy) are responsible for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release and other public documents, including documents referenced herein, constitute forward-looking information or forward-looking statements (collectively, “forward-looking information”). To do. These statements relate to future events or future performance. “expect”, “believe”, “could”, “should”, “would”, “estimate”, “expect”, “predict”, “indicate”, “intend” , “likely”, “may”, “plan”, “potential”, “project”, “outlook”, “seek”, “target”, “trend” or “will” and matters that are not historical facts Similar expressions and statements about the Company identify forward-looking information and are based on the parties’ current beliefs or assumptions regarding the outcome and timing of such future events. Examples of such forward-looking information include projected growth in the electric outboard and recreational boat market, guidance regarding the projected number of electric boat models we will order, and further development of our electric boats. but not limited to: – Timing of our taking orders and placing such electric boats on the market, including in relation to technology provided by Vision Marine, and the performance statistics of our boats, including electric boats; Actual future results may differ materially. The Company is subject to a number of risks related to the integration and future business, certain of which, including, but not limited to, the filings made by the Company on February 23, 2021, at SEDAR. It is fully described in our official documents which are available. , and management’s discussion and analysis for the year ended December 31, 2021 and the three months ended March 31, 2022. We may revise any forward-looking information as a result of new information, future events or otherwise, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking information due to the risks, uncertainties and assumptions contained herein. The foregoing statements clearly qualify the forward-looking information contained herein.

A number of factors could cause actual results, levels of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by forward-looking statements. All forward-looking statements contained in this press release are qualified by these and other cautionary statements or factors contained in this press release. There is no guarantee that actual results or deployments will be achieved. In addition, there can be no assurance that, even if materially realized, they will have the expected results or impact on the Company. We disclaim any intention or obligation to update these forward-looking statements, except as required by applicable securities laws.

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The Limestone Boat Company has placed its first order for an all-electric system for its 2024 serial EV boat production.Canadian Business Journal

Source link The Limestone Boat Company has placed its first order for an all-electric system for its 2024 serial EV boat production.Canadian Business Journal

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