Vision Marine Technologies partners with Nautical Ventures Group to deliver groundbreaking 100% recyclable boat for U.S. boat market, The Canadian Business Journal

MONTREAL, October 17, 2022 (GLOBE NEWSWIRE) — Vision Marine Technologies (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a leader and innovator in the electric recreational boat industry, as the sole and exclusive distributor of fully recyclable rotomolded plastic boats (“Phantoms”) , has entered into a partnership with the Nautical Ventures Group. For Florida and Non-Exclusive Distributorship Agreements for the United States. The deal includes an agreement for Nautical Ventures to purchase a minimum of 50 Phantoms in the first year for a retail price of $1.5 million.

Vision Marine’s quest to reduce emissions and innovate with recyclable materials has brought groundbreaking new products to market. It’s a fully recyclable plastic boat called The Phantom.

Vision Marine’s designers and manufacturing team used recyclable polyethylene plastic in a rotational molding process to create a lightweight, non-sinkable boat that comfortably accommodates a crew of 10 and can handle outboards under 50 hp. , manufactures hulls that are hard to break.

Phantom is USCG, CCG and CE certified.

• Rich array of colors and styles
  Phantom’s plastic alloys offer a variety of colors and new phosphorescent materials.
• Unsinkable
  The Phantom’s durable plastic construction is built to last and requires minimal maintenance. Its buoyancy is achieved by positive floating Styrofoam inserts through the hull.
• durable and lightweight
  The lightweight hull is purposefully adapted for electric propulsion and easy hauling. She is 30% lighter than the Phantom fiberglass.
• self-bailing
  The Phantom is a self-bailing boat that automatically drains water.

Roger Moore, CEO of Nautical Ventures Group, said: “Alex Monjon and his team have always been on the cutting edge of innovation and are open to this new partnership.”

About Nautical Ventures Group

Nautical Ventures is a multi-brand, multi-location boat dealer offering the highest quality water sports products and support with a highly trained, experienced and caring staff. They offer and promote adventurous fun and healthy lifestyle options for the public, families, businesses and resorts. Their export department can provide it all over the world. They carry an eclectic mix of water sports products unlike any other retailer. Nautical Ventures is dedicated to educating and advising our clients. By understanding their wants and needs, we can offer boaters a personalized and exclusive buying experience.

About Vision Marine Technologies

By disrupting the traditional boating industry with power and contributing directly to zero pollution, Vision Marine Technologies, Inc. (Nasdaq: VMAR) is a catalyst for change and an ongoing commitment to combat the problems associated with waterway pollution. We aim to be a driving force. A zero-emission, noise-free environment. Our flagship outboard powertrain (“E-Motion™”) is the first fully electric, combining an advanced battery pack, inverter and high efficiency motor with a unique union assembly between the transmission and electric motor design. A dedicated outboard powertrain system. control software. Our E-Motion™ and related technologies used in this powertrain system are uniquely designed to improve outboard powertrain efficiency, resulting in both increased range and performance. . Vision Marine continues to design, innovate, manufacture and market handcrafted, high performance, environmentally friendly electric recreational powerboats to its customers. The design and technology applied to our boats generally result in much better performance, higher speeds and longer range. Simply put, it’s a smoother ride than a traditional internal combustion engine (ICE) powerboat.

Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. , “believe,” “expect,” “estimate,” “plan,” “outlook,” “forecast,” and other similar expressions predicting or indicating future events or trends, or of historical matters not a description. For example, Vision Marine uses forward-looking statements when discussing the benefits of its Phantom launch and its agreement with Nautical Ventures Group. These forward-looking statements reflect a current analysis of existing information and are subject to various risks and uncertainties. As a result, actual results may differ materially from these expectations due to changes in global, regional or local economic, business, competition, market, regulatory and other factors. Many of these factors are outside Vision Marine’s control. An important factor that could cause actual results to differ materially from the forward-looking statements is the Vision He Mentioned in Marin’s annual report. For 2021, such factors may be updated from time to time in Vision Marine’s periodic filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date of this release. Vision Marine undertakes no obligation to publicly update or confirm any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable securities laws. https://visionmarinetechnologies.com.

Investor and company contact:
Bruce Nurse
Vision Marine Technologies Co., Ltd.
(800) 871-4274
[email protected]
www.visionmarinetechnologies.com

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