Vision Marine Signs Purchase Order with Boat Fix to Furnish Its Electric Powerboats and E-Motion Motors with Customized Telem...
January 28 2021 - 8:30AM
via NewMediaWire –
Vision Marine Technologies, Inc.
(Nasdaq: VMAR) (“Vision” or the “Company”) a leader in
transforming the boating market by designing and manufacturing
environmentally friendly electric boats and propulsion systems, is
pleased to announce that it has signed a purchase order with Boat
Fix, Inc. (“Boat Fix”), a leading boat maintenance and tracking
services provider, to outfit its electric powerboat fleet with Boat
Fix’s customized telematics devices as well as a monitoring
software application and customer support and services.
Based in Fairfield, CT, Boat Fix provides technology tools that
empower any boat user to remotely access information about their
boats, including 24/7 monitoring of essential functions, alarm
response and mechanical support. The purchase order is the first
step in a strategic alliance where Boat Fix will supply Vision with
the devices and software for all boats produced by Vision as well
as for its OEM customers purchasing Vision’s E-Motion propulsion
system.
“In the realm of electric boat manufacturers, few companies
offer the quality and performance of a Vision electric vessel,”
said Alastair Crawford, Founder, Boat Fix. “One of the unique
challenges of electric propulsion is that the charge remaining in
the battery is dependent on speed and therefore, unlike a fuel
gauge, it is hard to know how much range you have left. In addition
to providing our standard vessel monitoring, we have created a
solution that will make sure users have the runtime to get where
they are going so, they can enjoy the quiet and serenity of an
electric boat.”
Alex Mongeon, Co-Founder and Chief Executive Officer of Vision,
stated, “Our purchase order with Boat Fix is just another step in
the process of making our boats and propulsion systems the safest
and best choice for customers. With the Boat Fix system
installed on our products, boaters can enjoy a greater level of
security and confidence in the water. For our OEM customers, we
believe the increased control and oversight into their data will
allow them to better manage their time and resources.”
About Boat Fix, Inc.
Founded nearly 30 years ago, Boat Fix, Inc. is headquartered in
Connecticut, and operates in the US and the UK. The membership and
monitoring services include 24/7 customer support, and continuous
monitoring of essential boat functions, alarm response, GPS
tracking and access to mechanical support. The services can be
tracked and activated via a user-friendly app. To learn more,
please visit BF’s website: http://www.boatfix.biz/.
About Vision Marine Technologies, Inc.
Vision Marine Technologies, Inc., is committed to fighting the
problem of waterway pollution by disrupting the boating industry
through the introduction of the first fully electric 180hp
integrated outboard powertrain system (“E-Motion”). E-Motion
combines an advanced battery pack, inverter, and high efficiency
motor with proprietary union assembly between the transmission and
the electric motor design and extensive control software. Our
technologies used in this E-Motion powertrain system are designed
to improve the efficiency of the outboard powertrain and, as a
result, increase range and performance.
Vision also continues to design, innovate, manufacture, and sell
a broad variety of handcrafted, environmentally friendly, electric
powerboats to the recreational consumer. The design and technology
applied to our boats results in far greater and enhanced
performance, higher speeds, and longer range. Together, Vision’s
electric powerboats and flagship E-motion propulsion system result
in zero pollution, zero emission and a noiseless environment.
Simply stated, a smoother and cleaner ride than traditional
gasoline or diesel motorboats. For more information on the
Company, please visit:
https://visionmarinetechnologies.com
Forward-Looking Statements
The 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 in Vision’s filings with the SEC, including the Annual
Report on the 20-F, as amended from time to time, under the caption
“Risk Factors.” 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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