Vision Marine Technologies

Vision Marine Technologies, Inc. engages in the manufacture and sell or rent electric boats. The firm operates through the Sale of Electric Boats and Rental of Electric Boats segments. The Sale of Electric Boats segment involves in the manufacture of customized electric boats for the consumer market and the sale of boat parts and maintenance. The Rental of electric boats segment includes short-term rental operations and boat club membership. The company was founded in 1995 and is headquartered in Boisbriand, Canada.

Earnings data Q2 2024

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Vision Marine Technologies, Inc. engages in the design, development, and manufacturing of electric outboard powertrain systems and electric boats. It operates through the Sale of Electric Boats and Rental of Electric Boats segments. The Sale of Electric Boats segment involves the manufacture of customized boats for the consumer market, sale of parts, and maintenance. The Rental of electric boats segment includes short-term rental operations and boat club membership. The company was founded by Patrick Bobby and Alexander Mongeon in 1995 and is headquartered in Boisbriand, Canada.

MONTREAL, QC / ACCESSWIRE / April 9, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leader in electric marine propulsion, is proud to announce a groundbreaking achievement in electric outboard propulsion, in collaboration with McLaren Engineering, a division of Linamar Corporation. Aligning with the fast-evolving electric market and the upcoming SAE J1228 outboard compliance standard, Vision Marine has revolutionized the measurement of rated power output with its E-Motion™ 180E Electric Powertrain Systems.

Vision Marine Technologies Reached New Milestone Achieved in Meeting Future Evolving HV Electric Boating Industry Standards - Test Cell Results

MONTREAL, QC / ACCESSWIRE / April 3, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leader in electric marine propulsion, is thrilled to announce the commissioning of its partner Neogy, a subsidiary of Startek Energy Group, state-of-the-art lithium battery production facility in Pompignac, France. This pivotal development marks a significant milestone in the industrialization of high-tension battery packs designed specifically for Vision Marine's innovative electric boating solutions.

Vision Marine Technologies Marks a Strategic Milestone with Neogy Startek's Advanced Lithium Battery Production Facility Completion

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.

Vision Marine Technologies Welcomes Raffi Sossoyan as Chief Financial Officer Amid Transition to Manufacturing and Delivery Phase

MONTREAL, QC / ACCESSWIRE / February 23, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), an innovator in the performance electric recreational boating industry, is thrilled to announce a groundbreaking partnership with Nautical Ventures Marine Group, a premier provider of maritime products and services. This collaboration marks a significant milestone with an initial purchase order for 50 units of the Phantom, Vision Marine's innovative rotomolded, recyclable boat, and the establishment of an exclusive distributorship agreement for South Florida.

Vision Marine Technologies Announces Significant Purchase Order and Exclusive Distributorship Agreement with Nautical Ventures Marine Group

NEW YORK, Feb. 16, 2024 (GLOBE NEWSWIRE) -- NetworkNewsAudio – Vision Marine Technologies Inc. (NASDAQ: VMAR) announces the availability of a broadcast titled, “The Electrifying Rise of Electric Boats.”

Vision Marine Technologies Inc. (NASDAQ: VMAR) at Threshold of Major Market Boom in Boating Space

NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- via InvestorWire — Vision Marine Technologies Inc. (NASDAQ: VMAR) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 60+ brands within the  Dynamic Brand Portfolio @ IBN  ( InvestorBrandNetwork ), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

Vision Marine Technologies Inc. (NASDAQ: VMAR) ‘Disruptive Force' in Electrification of Recreational Boating

MONTREAL, QC / ACCESSWIRE / February 15, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), an innovator in the performance electric recreational boating industry, proudly unveils the Phantom, a rotomolded, recyclable, and hard-to-damage boat at the Miami International Boat Show 2024 today. Vision Marine Technologies introduces the Phantom, a breakthrough in rotomolded boat design, offering significant market advantages through its economic and environmental benefits.

Vision Marine Unveils its Phantom Rotomolded Boat and Secures Exclusive Florida Distribution Deal

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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.

Vision Marine Technologies, Inc. Appoints Anthony Cassella, Chief Accounting Officer of MarineMax, to the Board of Directors

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MONTREAL, QC / ACCESSWIRE / January 18, 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 that it has entered into a definitive securities purchase agreement with the Government of Quebec, through Investissement Québec (the "Investor") for the sale of its preferred shares and warrants. Vision Marine sold 3,000 convertible Series B Preferred Shares, with a stated value of US$1,000 per share, and warrants to purchase up to 2,857,142 of its common shares for gross proceeds of US$3.0 million, before deducting placement agent fees and other offering expenses.

Vision Marine Technologies Inc. Announces Close of $3.0 Million Private Placement of Convertible Preferred Shares and Warrants with Investissement Québec

Vision Marine Technologies Inc. (VMAR) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.60 per share a year ago.

Vision Marine Technologies Inc. (VMAR) Reports Q1 Loss, Misses Revenue Estimates

MONTREAL, QC / ACCESSWIRE / January 10, 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 that the Government of Québec, through Investissement Québec, is providing a financial contribution of up to 3 million US dollars, in the form of a subscription to preferred shares. The announcement was made today by the Minister of Economy, Innovation and Energy, Minister responsible for Regional Economic Development, and Minister responsible for the Metropolis and the Montréal region, Mr.

Vision Marine Technologies Inc. Closes Strategic Investment from the Government of Quebec, Through Investissement Quebec

Will not complete public offering, withdraws effectiveness of previously filed registration statement MONTREAL, QC / ACCESSWIRE / December 14, 2023 / 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 that it has entered into definitive securities purchase agreements with several institutional and accredited investors (the "Investors") for the sale of its preferred shares and warrants. Vision Marine sold an aggregate of 3,000 shares of its non-dividend bearing Series A Preferred Shares, with a stated value of US$1,000 per share, and Warrants to purchase up to 2,857,142 of its common shares for aggregate gross proceeds of US$3.0 million, before deducting placement agent fees and other offering expenses.

Vision Marine Technologies Inc. Announces $3.0 Million Private Placement of Convertible Preferred Shares and Warrants

MONTREAL, QC / ACCESSWIRE / December 4, 2023 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, is excited to announce a significant expansion in Riviera Beach, Florida this month through a strategic partnership with Blue Water Boat Rental, a leader in internal combustion engine boat rentals. This move marks a key milestone in Vision Marine's strategic plan, reflecting our commitment to broaden the reach and impact of sustainable electric boating.

Vision Marine Technologies Initiates First E-Motion(TM) Equipped Rental Operation Expansion in Florida in Partnership with Blue Water Boat Rental

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MONTREAL, QC / ACCESSWIRE / November 20, 2023 / Vision Marine Technologies Inc. (NASDAQ:VMAR), ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, is now steering its expertise towards the flourishing pontoon market, which sees annual sales of around 60,000 units. In a strategic move, Vision Marine introduces the P Powerpack, a game-changing solution offering ease of installation for pontoon boats.

Vision Marine Technologies: Pioneering Electric Propulsion with Innovative Pontoon Integration

MONTREAL, QC / ACCESSWIRE / November 16, 2023 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, announces their partnership with 4ocean to officially join the clean ocean movement and launch their "Buy One Pull One" campaign to pull thousands of pounds of plastics from waterways and the ocean. About 40 million metric tons of plastic waste is produced each year, according to the UN Environmental Program, with global production of primary plastic forecasted to reach 1,100 million metric tons by 2050.

Vision Marine Technologies and 4ocean Launch a New "Buy One Pull One" Campaign to Eliminate Ocean Plastic

MONTREAL, Nov. 13, 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, is pleased to announce that it has received an initial purchase order from Wired Pontoons (“Wired”) for 25 units of the E-Motion™ 180E outboard and powertrain systems.

Vision Marine Technologies Announces Initial E-Motion™ 180E Electric Propulsion System Purchase Order from Wired Pontoons

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MONTREAL, Oct. 04, 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, is pleased to announce the delivery of its pioneering E-Motion™ Electric Powertrain Technology to Groupe Beneteau, Four Winns at their production facility in Michigan. These will be the inaugural electric motors integrated on the Four Winns H2e Bowrider. (https://www.fourwinns.com/intl/boat/h2e)

Vision Marine Technologies Announces Landmark Delivery of E-Motion™ Electric Powertrain to Groupe Beneteau Four Winns

MONTREAL, Sept. 27, 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, is pleased to announce collaborative participation with Groupe Beneteau at the annual International Boatbuilders' Exhibition & Conference (IBEX) in Tampa, Florida, from October 3-5, 2023.

Vision Marine Technologies & Groupe Beneteau to Spotlight the Revolutionary H2e at IBEX 2023

MONTREAL, Sept. 18, 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 that it has entered into subscription agreements with investors to purchase an aggregate of 372,870 units, at a purchase price of $4.05 per unit. The gross proceeds to the Company from the private placement are expected to be approximately $1.5 million before deducting the placement agent's fees and other estimated offering expenses.

Vision Marine Announces Pricing of $1.5 Million Private Placement

MONTREAL, Quebec, Sept. 11, 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, is pleased to announce the appointment of Dr. Philippe Couillard as an Independent Director to the Board of Directors, effective immediately. Dr. Couillard brings a wealth of knowledge and a diverse range of experiences to his new role, and he will be instrumental in guiding Vision Marine through its next phase of growth and innovation.

Vision Marine Technologies Appoints 31st Premier of Quebec, Dr. Philippe Couillard, to the Board of Directors

MONTREAL, Aug. 30, 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, has achieved an unparalleled feat in collaboration with three-time world boat racing champion Shaun Torrente. The dynamic partnership has shattered all expectations, rewriting the records of speed on water with an astonishing accomplishment of 116 mph. This groundbreaking achievement marks a resplendent testament to Vision Marine's innovative prowess and its relentless pursuit of excellence, driving the watercraft industry into an era of unparalleled performance and innovation.

Vision Marine Technologies and Shaun Torrente Racing Make History with Unprecedented 116 mph Speed Record

MONTREAL, Aug. 21, 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, proudly announces its strategic collaboration with three-time boat racing world champion, Shaun Torrente. Building upon the successful breakthrough of the 109-mph speed barrier last year, Shaun Torrente, together with Alex Mongeon, CEO of Vision Marine, and Xavier Montagne, CTO of Vision Marine, and the visionary mastermind behind the E-Motion™ Electric Powertrain, are poised to further elevate speed records in an extraordinary event scheduled for August 26th & 27th, 2023.

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