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Twin Vee PowerCats Co. reports developments tied to its power sport boat manufacturing, distribution, and marketing business. The company builds recreational and commercial boats, including Twin Vee power catamarans, 400 GFX2 models used in commercial tourism applications, and boats under the Bahama Boat Works brand for the offshore center console market.
Recurring news themes include quarterly operating results, product-line expansion, dealer network additions, custom boat orders, working-capital financing, and corporate governance actions. Company updates also cover the completed reincorporation to Nevada, equity offerings, field inventory management, product development costs, and efforts to broaden model availability through authorized marine dealers.
Twin Vee PowerCats (Nasdaq:VEEE) launched Black Line Defense, a wholly owned subsidiary focused on crewed and autonomous mission‑ready maritime solutions for defense and government customers.
The unit will leverage Twin Vee's vertically integrated manufacturing, in‑house engineering, and existing government relationships to pursue DoD, DHS, port security, and other agency contracts.
Twin Vee PowerCats (Nasdaq:VEEE) announced a strategic partnership with Mercury Marine, a division of Brunswick Corporation, to accelerate growth of its premium monohull brand Bahama Boat Works. The company will debut three all-new Bahama Boat Works models plus existing boats at the Palm Beach International Boat Show, March 25-29, 2026, along Flagler Drive in Downtown West Palm Beach. Twin Vee says the Mercury relationship supplies dealer infrastructure, marketing resources, and a broad engine lineup to expand showroom presence, recruit dealers, and introduce Bahama Boat Works to new customer segments.
The announcement positions Bahama Boat Works to scale with backing from Twin Vee and Brunswick, emphasizing offshore performance, structural integrity, and a premium propulsion pairing.
Twin Vee PowerCats (Nasdaq: VEEE) will host a strategic corporate update for investors, analysts, and media on Wednesday, January 21, 2026 at 10:00 a.m. Eastern Time. Management will provide an overview of key corporate initiatives and strategic partnership developments and will take questions from attendees. Interested parties may register to attend the live Zoom webinar via the registration link provided by the company.
Twin Vee PowerCats (Nasdaq: VEEE) launched a New Year Savings Event running January 12–February 13, 2026 offering tiered cash rebates for purchases of new boats to encourage sales and reduce field inventory. Rebates range by model from $3,000 to $25,000: 400 GFX2 $25,000; 340 GFX $15,000; 280 GFX2 $10,000; 260 GFX2/260 STX $6,000; 240 GFX2/240 STX $3,000. Customers claim rebates via the Twin Vee Customer Portal and, once verified, receive payment directly. Management said the promotion also supports dealer recruitment and new model introductions planned for 2026.
Twin Vee PowerCats (Nasdaq: VEEE) announced on January 8, 2026 the appointment of The Boat Yard in Marrero, Louisiana as an authorized dealer, expanding distribution into a core Gulf Coast offshore boating and fishing region.
The Boat Yard is described as a 10-acre, full-service dealership with established infrastructure and local relationships; Twin Vee says the partnership should increase inventory availability, local sales and service support, and better serve customers across the Gulf Coast. Dealer authorization remains subject to Louisiana state approval and regulatory filings; the company said it does not expect issues but cannot guarantee approval. Once approved, The Boat Yard will begin full sales and support for Twin Vee PowerCats.
Twin Vee PowerCats (Nasdaq:VEEE) on January 6, 2026 formed a Strategic Steering Committee to evaluate and advance autonomous marine technologies for commercial and defense platforms. The committee includes board members and senior executives and will review technology partners, integration with current production, and new vessel designs for autonomous or semi-autonomous use.
The company highlighted its vertically integrated manufacturing, including a 46-foot five-axis CNC router, and said reviews are exploratory and not a commitment to any government program or contract.
Twin Vee PowerCats (Nasdaq: VEEE) announced it delivered three consecutive quarters of year-over-year sales growth in the second, third, and fourth quarters of fiscal 2025, citing improving dealer productivity, prior operational investments, and capital expenditures as contributors.
The company tied its momentum to a DataHorizzon Research market projection that the global power catamaran market could grow from about $2.8 billion in 2024 to $4.6 billion by 2033 (a 5.7% CAGR). Additional financial details will be provided in the upcoming earnings release for the year ended December 31, 2025 and in SEC filings.
Twin Vee PowerCats Co. (Nasdaq: VEEE) said industry data shows the center console power catamarans market could grow from about $2.8B in 2024 to $4.6B by 2033 (CAGR 5.7%).
The company reported Q3 2025 net sales +18% to $3.43M, acquired legacy brand Bahama Boat Works, launched a redesigned 22-foot BayCat recognized by Boat Trader, and added 14 new dealer locations in the first nine months of 2025 while developing a factory-direct sales model.
Management said these milestones position Twin Vee to capitalize on reported market tailwinds driven by hull design, propulsion, and materials advances.
Twin Vee PowerCats Co. (Nasdaq:VEEE) announced the election of Carol Craig and Larry Swets, Jr. to its Board of Directors, effective December 4, 2025. Marcia Kull and Neil Ross completed their terms and departed the Board effective the same date. Management highlighted the new directors' expertise in public markets, capital structuring, vertically integrated manufacturing, and scaling high-growth technology and financial organizations. Mr. Swets brings over 25 years in financial services, CFA designation, and SPAC/capital markets experience. Ms. Craig is a founder and CEO with public-company IPO experience in space and defense technology and has engineering and advanced-degree pursuits. The Board thanked the departing directors for their contributions.
Twin Vee PowerCats (Nasdaq: VEEE) on December 3, 2025 announced a digital strategy update and introduced the Wizz Banger Valuator, a proprietary AI tool to standardize boat valuations and speed marine financing.
The mobile app uses multi-layered pictorial AI on smartphone images to score vessel condition, then combines that score with national and regional listing and sales data to produce automated, third-party valuations. Twin Vee said the platform aims to reduce multi-week financing timelines and is engaging banks, insurers, lenders, and dealers for integrations and dealer activation in coming months.