Vision Marine Technologies Inc VMAR

Vision Marine Technologies Inc. is a Canada-based company engaged in the manufacturing, selling and renting of electric boats. Its segments include sale of electric boats and rental of electric boats. The sale of electric boats segment is engaged in the manufacture of customized electric boats for consumer market and sale of boat parts maintenance. The rental of electric boat segment is engaged in short-term rental operation and boat club membership. It designs, manufactures, and sells its handcrafted, electric recreational powerboats to recreational customers. Its flagship E-Motion 180E electric marine powertrain is an electric purpose-built outboard powertrain system that combines an advanced battery pack, inverter, and efficiency motor with union assembly between the transmission and the electric motor design utilizing control software. Its E-Motion and related technologies used in this powertrain system are designed to enhance the outboard powertrain.

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Vision Marine Technologies Inc

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Post by midardon Mar 07, 2021 9:27am

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Highlights of Recent Corporate Developments

Accelerated marketing efforts with OEMs for sales of E-Motion powertrain systems, building on the more than 1,000 units for which the Company has received Letters of Intent (LOIs). Vision expects to begin converting these LOIs to sales in the coming quarters.
Acquired MAC Engineering’s intellectual property relating to marine outboard electronic systems. MAC is a pioneering designer of innovative electric propulsion systems for automotive, industrial, military and nautical applications. MAC’s CEO Xavier Montagne, a visionary designer and the “brains” behind numerous electric vehicle powertrains and battery management systems, has joined Vision as Chief Technology Officer.
More than doubled the number of boats on order during the last six months, as compared with the same year ago period, significantly expanding its market share lead in electric boats;
Partnered with Tourism Quebec and Transport Canada to provide up to 30 electric boats for rental and water taxi operations along a 30 km section of waterways near the city of Montreal.
Signed a purchase order with Boat Fix, Inc. enabling Vision to outfit its electric powerboat fleet with Boat Fix’s customized telematics devices as well as a monitoring software application and customer support services.
Planned exhibitions and demonstrations at world-renowned trade shows, including the Vancouver Boat Show (February 24-27), the Carefree Boat Club Conference (March 8-10), the Venice Boat Show and e-Regatta (May 29-June 5) and more.
Scheduled to present at multiple upcoming investor conferences, including Maxim Emerging Growth Conference (March 17-18), Planet MicroCap. Showcase (April 21-22) and others.