The Limestone Boat Company unveils new line of electric boats at Fort Lauderdale International Boat Show Oct. 26-30, The Canadian Business Journal

COLLINGWOOD, ON, OCTOBER 25, 2022 (GLOBE NEWSWIRE) — Limestone Boat Company (“Company”) (TSXV: Boat | OTCQB: LMSBF) – Aquasport Boats, Limestone owner and builder^® Boats and Boca Bay Boats seventeen fifty twoour new line of electric boats at the Fort Lauderdale International Boat Show on October 26th.^th – 30^th.

In partnership with Vision Marine Technologies, Inc. (NASDAQ: VMAR), the company will showcase its first prototype electric boat, the Seventeen Fifty-Two 2.1 Center Console EV.

“The launch of the Seventeen Fifty-Two delivers a dependable and dependable boating experience featuring breakthrough power and performance that does not compromise the expectations and ride quality our brands and models are famous for. It’s the next step in our journey to the future,” said Scott Hanson, CEO of Limestone Boat Company. “Our journey began in early 2021 when we partnered with Vision Marine. Based on positive test results, we recently placed our first order of 25 units of Vision Marine’s E-Motion electric propulsion system.2.1 The first serial production version of the center console EV will go off line in Q4 2023. We are planning to start

Powered by a powerful E-Motion 180E all-electric outboard, the series-production model 2.1 center console EV is expected to offer performance equal to or better than our test boats with the same propulsion system.

• Top speed 38 MPH
• 18 to 22 mph planes
• Estimated operating time over 2 hours at an average speed of 22 MPH
• Full charge in 4-8 hours at dockside (time depends on using 1 or 2 chargers)

2.1 For more information on Center Console EV, please visit www.seventeenfiftytwo.com.

The 2.1 Center Console EV will be on display at the Vision Marine Booth #2017A at the Broward Convention Center at the Fort Lauderdale International Boat Show from October 26-30.^th You can also test drive on a selection basis for the duration of the show.

2.1 Suggested retail prices for the Center Console EV are expected to start at around US$179,000 upon delivery in Q4 2023.

“The 2.1 Center Console EV is the first in a series of 21- to 23-foot electric boats that will hit the market within the next 18 months,” Hanson said. “We know there is a strong interest in electric boats, especially rugged and reliable boats like ours. We’re taking pre-orders for the 2.1 Center Console EV online so you can be first in line when production starts.”

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

About The Limestone Boat Company Limited
The Limestone Boat Company – owner and builder of Seventeen Fifty-Two Boats, Aquasport Boats, Limestone^® Boats and Boca Bay Boats – Listed and traded on the Toronto Venture Exchange and OTCQB in the US 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
800-720-2395
[email protected]
www.limestoneboatcompany.com

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