Vision Marine Technologies Inc. Announces the Resignation of Mr. Renaud Cloutier from the Board
January 31 2023 - 4:57PM
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
the resignation of Mr. Renaud Cloutier from the Board of Directors
for personal reasons.
Vision Marine is currently interviewing a number
of potential candidates to join the Board and expects to make an
appointment announcement in the coming weeks.
“On behalf of the Vision Marine Board of Directors and the
company, we would like to thank Mr. Renaud Cloutier for his
valuable contributions to the Company over the past two years. We
appreciate the opportunity we had to benefit from Renaud's
extensive professional background, thorough business acumen and the
strategic insights he brought to our Board, and we wish Renaud
continued success in his future business endeavors,” stated Alex
Mongeon, co-founder & CEO of Vision Marine.
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
expected appointment of a new director, 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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