Vision Marine Technologies, Inc. (NASDAQ: VMAR) (“Vision Marine” or
the “Company”), the global leader and innovator within the
performance electric recreational boating industry, has received an
initial purchase order from Groupe Beneteau (BEN-Euronext)
(“Beneteau”) of 25 E-Motion™ 180E outboard and powertrain systems.
In addition, at the beginning of each month, Beneteau will provide
Vision Marine a quarterly rolling forecast, which shall include
additional quantities through a purchase order for the outboard and
powertrain systems.
The commitment from Beneteau commenced by entering into a formal
Supplier Agreement with Vision Marine, which was announced on
December 13, 2022. With this initial purchase order, Beneteau will
provide an eco-responsible alternative propulsion solution to its
consumers.
Vision Marine and Beneteau will jointly market the
groundbreaking Four Winns H2e to Beneteau’s dealer network, which
includes 72 dealers in the United States, and 400 worldwide, on
five continents. The H2e is the first purpose built fully electric
runabout available to the market. Four Winns will showcase the H2e
and associated technology at the Paris Boat Show, December 3-10,
2022, ahead of the ultimate formal introduction of this innovative
new model at the Miami International Boat Show, to be held February
16-20, 2023.
"This initial order sets an important commercial milestone
and reflects not only the value, but also the
trust Beneteau places in our innovative technology,
as we expand fully electric propulsion systems globally across
Beneteau’s formidable portfolio of brands,” stated Alex Mongeon,
co-founder & CEO of Vision Marine.
This initial order clearly cements Beneteau’s position as an
innovative pioneer, with a clear focus on sustainable and
decarbonized boating, as well as a greatly enhanced customer
experience. The partnership in place with Vison Marine will enable
Beneteau to offer eco-responsible alternative propulsion solutions
adapted for its models by 2030, in order to fulfill Beneteau’s
recently announced mandate to do so.
The world’s most powerful electric powertrain, the 180E electric
outboard engine, powers the Four Winns H2e, offering top speed of
approximately 35 knots (40mph), as well as rapid acceleration and
precise handling. There is presently nothing like it on a
commercial scale available to OEMs or consumers.
The system consists of two custom high voltage, high density
700v battery packs, complete with a fully integrated and powerful
onboard charger that can be plugged into any dock shore power
system for quick recharging. With an advanced 70kw battery pack,
the H2e has the power and autonomy to cruise all day.
Additionally, the H2e features the first ever smart “adaptive”
digital console designed, specifically for the marine industry. A
complete dual touch screen display allows the boater direct
connectivity to entertainment controls, phone connection, and an
advanced navigation system. H2e boaters will also have access to an
automatic logbook providing trip history, battery status, security,
and even weather forecasts.
The sleek lines, elegant look, and unparalleled performance and
quietness of the groundbreaking Vision Marine electric propulsion
system enhances the classic look of the iconic Four Winns bowrider,
adding a modern touch to the boat.
About Four Winns
For almost 50 years, Four Winns has been building its
international reputation as a manufacturer of refined and
sophisticated open boats, easily customizable to meet the needs and
desires of boat owners worldwide. Four Winns continues to be the
American timeless reference in boat building. Founded in Cadillac,
Michigan, its iconic image serves as a basis to consistently evolve
products and features across all markets by developing style icons
perfectly shaped with a love for details. With a deep commitment to
a carefree, instinctive boating experience, Four Winns strives to
exceed in comfort, convenience, and operation ease – a true reward
as soon as one steps on board.
About Groupe Beneteau
A global market leader, Groupe Beneteau, thanks to its Boat
Division’s 11 brands, offers nearly 180 recreational boat models
serving its customers’ diverse navigational needs and uses, from
sailing to motorboating, monohulls and catamarans. Through its
Boating Solutions division, the Group is also present in the
charter, boat club, marina, digital and financing sectors. Leading
the European leisure homes market, the three brands from the
Group’s Housing division offer a comprehensive range of leisure
homes, lodges and pods that combine eco-design with high standards
of quality, comfort, and practicality. With its international
industrial capabilities and global sales network, the Group employs
7,600 people, primarily in France, the US, Poland, Italy, Portugal,
and China.
About Vision Marine Technologies, Inc.
Vision Marine Technologies, Inc. (Nasdaq: VMAR), 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 E-Motion™ 180E electric marine powertrain
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 Marine continues to design,
innovate, manufacture, and sell handcrafted, environmentally
friendly, electric recreational 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 internal combustion
engine (ICE) motorboat.
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. Forward-looking
statements may be identified by the use of words such as
“anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,”
and “project” and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. For example, when Vision Marine discusses the
benefits of the supplier agreement with Beneteau, the benefits of
the purchase order with Beneteau, the launch of the Four Winns H2e,
future plans with the Beneteau brand portfolio, the integration of
its electric powertrains, and the expected commercial launch of its
products, it is using forward-looking statements. These
forward-looking statements reflect the 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, competitive, market, regulatory and other factors, many
of which are outside of Vision Marine’s control. Important factors
that could cause actual results to differ materially from those in
the forward-looking statements are set forth in Vision Marine’s
Annual Report on Form 20-F, filed with the U.S. Securities and
Exchange Commission (SEC) for the year ended August 31, 2022, as
such factors may be updated from time to time in Vision Marine’s
periodic filings with the SEC. Any forward-looking statement in
this press release speaks only as of the date of this release.
Vision Marine 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.
Investor and Company Contact:Bruce NurseVision
Marine Technologies, Inc.(800)
871-4274bn@v-mti.comwww.visionmarinetechnologies.com
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