Vision Marine Technologies Opens Reservations Worldwide for the Most Powerful Electric Outboard in the World
April 21 2021 - 7:30AM
Vision Marine Technologies, Inc. (Nasdaq:
VMAR) (“Vision” or the “Company”) is announcing, following
the excellent reception from manufacturers, the unveiling of its
new electric outboard engine to the general public; the E-Motion
180. “We finally achieved the balance we sought between power,
functionality and autonomy,” said Alexandre Mongeon, CEO and
co-founder of Vision. “Our engine has surpassed our expectations in
every aspect, with 180 hp and 390 Nm of torque, we have the most
powerful electric outboard engine available on the market,” he
added.
Global Outreach to Recreational
BoatersVision Marine’s go-to-market strategy is two-fold.
Initially, it is to offer customers the ability to reserve the
E-Motion 180, starting May 1, so they can secure a unit within the
next six months. To achieve this, Vision Marine has partnered with
Nerd Marketing, a well-known marketing agency with a proven track
record for bringing innovation to the marketplace. Key components
of the strategic initiative involve securing prime advertisement in
significant trade publications and establishing a strong presence
among recreational boaters through a variety of online channels,
including Google, YouTube, Amazon, Instagram, Facebook,
industry-related websites, and niche communities.
In addition to the marketing campaign, Vision’s
team is further developing its distribution channel to support the
demand for parts and services throughout North America, Australia
and in select countries in Europe.
Electric is the New
Mainstream.“The electric revolution that has swept the
automotive industry is knocking at our door and major players are
now investing in electric solutions," said Patrick Bobby cofounder
of Vision Marine Technologies. "This launch is great news for
Vision Marine Technologies, not only because we are years ahead of
the competition, but mainly because we have been working tirelessly
toward the electrification of our waterways and we are finally
reaching the tipping point.”
Mr. Mongeon continued, “This is the perfect time
and ideal inflection point to launch our effort to make consumers
aware of the benefits of E-Motion as compared with traditional
propulsion systems. With this inaugural outreach campaign, we are
formally ushering in a new era in the recreational boating
experience.”
Key Features of E-Motion:
- Zero emissions
- Noiseless, odorless & smokeless
- Access to mobile application
- 24/7 monitoring of essential functions
- Sustainable solution
- 90% cost reduction in fuel and maintenance versus internal
combustion engines
- A unique boating experience.
About Vision Marine
TechnologiesVision Marine Technologies, Inc., strives to
be a guiding force for change and an ongoing driving factor in
fighting the problems associated with waterway pollution by
disrupting the traditional boating industry with electric power, in
turn directly contributing to zero pollution, zero emission and a
noiseless environment. Our flagship outboard powertrain
(“E-Motion”) is the first fully electric purpose-built outboard
powertrain system that combines an advanced battery pack, inverter,
and high efficiency motor with proprietary union assembly between
the transmission and the electric motor design utilizing extensive
control software. Our E-Motion and related technologies used in
this powertrain system are uniquely designed to improve the
efficiency of the outboard powertrain and, as a result, enhance
both range and performance. Vision continues to design, innovate,
manufacture, and sell our handcrafted, high performance,
environmentally friendly, electric recreational power boats to
customers. The design and technology applied to our boats results
in far greater enhanced performance in general, higher speeds, and
longer range. Simply stated, a smoother ride than a traditional ICE
motorboat.
Forward-Looking StatementsThe
statements contained in this press release that are not historical
facts are forward-looking statements. The forward-looking
statements are subject to various risks, uncertainties,
assumptions, or changes in circumstances that are different to
predict or quantify. Actual results may differ materially from
these expectations due to changes in global, regional, or local
economic, business, competitive, market, regulatory and other
factors, many of which are beyond Vision’s control. Important
factors that could cause actual results to differ materially from
those in the forward-looking statements are set forth under the
caption “Risk Factors” in Vision’s Annual Report on Form 20-F,
filed with the SEC on December 31, 2020, as such factors may be
updated from time to time in Vision’s periodic filings with the
SEC. Any forward-looking statement in this press release speaks
only as of the date of this release. Vision undertakes no
obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by any
applicable securities laws.
https://visionmarinetechnologies.com
Company Contact:
Bruce Nurse(800) 871-4274bn@v-mti.com
Investor Relations Contact:Gateway
Investor RelationsSean McGowan and Tom Colton(949)
574-3860VMAR@gatewayir.com
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