ePropulsion Teams Up with Vision Marine Technologies to Unveil and Propel the Phantom Plastic Boat

Rhea-AI Summary

Vision Marine Technologies (NASDAQ:VMAR) has announced a strategic partnership with ePropulsion to power the innovative Phantom Plastic Boat. The Phantom, crafted using plastic rotomolding technology, will feature a customized electric ePropulsion system. This collaboration extends Vision Marine's decade-long relationship with ePropulsion, which has provided low-voltage propulsion solutions for their electric boats and rental fleet.

The Phantom will be available through select ePropulsion dealers, equipped with the 6kW Navy 6.0 Evo system. This partnership aims to offer a comprehensive, zero-emission boating solution, combining avant-garde design with proven propulsion technology. The collaboration is expected to increase the Phantom's exposure to consumers through ePropulsion's extensive distribution network, marking the first integration of a low voltage ePropulsion powertrain into such a product.

Positive

• Strategic partnership with ePropulsion to power the innovative Phantom Plastic Boat
• Expansion of product offering with the new Phantom rotomolded boat
• Utilization of ePropulsion's extensive distribution network to increase market exposure
• Integration of proven 6kW Navy 6.0 Evo system into the Phantom boat

Negative

• None.

MONTREAL, QC / ACCESSWIRE / September 10, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"),a pioneer in electric marine propulsion, announces its strategic alliance with ePropulsion to empower the groundbreaking Phantom Boat, crafted from innovative plastic rotomolding technology. Following its debut at the Miami International Boat Show, the Phantom is set to showcase a customized electric ePropulsion system. In this partnership, the Phantom will be available through select ePropulsion dealers, both on request and by recommendation across its dealer network.

For over a decade, Vision Marine Electric Boats has relied on ePropulsion for its cutting-edge low-voltage boat propulsion solutions across its product line and to energize its rental boat fleet. This enduring collaboration underscores Vision Marine's commitment to quality and the dependability of ePropulsion's equipment, which has powered over 385,000 boaters in demanding rental environments worldwide.

"At ePropulsion, we're delighted to continue growing our relationship with Vision Marine," said Tom Watson, President of ePropulsion Americas. "Our collaboration on the innovative Phantom marks an exciting new chapter in our partnership, and we're excited to help provide customers with a comprehensive, zero-emission boating solution."

This partnership will offer a comprehensive package for Vision Marine's new Phantom rotomolded boat, blending avant-garde design with proven propulsion technology. Equipped with the 6kW Navy 6.0 Evo system, the Phantom ensures consumers a reliable and high-performance solution. The new X series will also be available on the Volt, a fiberglass sister vessel to the Phantom. The phantom and Vision Marine Electric boats are available visionelectricboats.com.

"ePropulsion emerges as the ideal partner with its extensive expertise in electric propulsion," remarked Alexandre Mongeon, CEO of Vision Marine. "Vision Marine now presents a tested and dependable solution seamlessly integrated into the Phantom, ensuring outstanding performance. With a low-voltage system powering a fully plastic boat, this partnership offers an effortless and efficient solution for our clientele."

Aiming to provide a zero-emission boating experience to a broad audience and democratize access to electric boating, the extensive distribution network of ePropulsion, combined with its proven reliability in electric propulsion, will notably bolster the Phantom's exposure to consumers. This partnership marks the inaugural integration of a low voltage ePropulsion powertrain into such a product, showcasing over 100,000 hours of proven performance.

About ePropulsion
ePropulsion was established in 2012 and is led by a team of technology entrepreneurs that are focused on developing uncompromising, superior products. Since the company launched its first electric outboard in 2014 it has fast become a force to be reckoned with in the electric propulsion market with a presence across Europe, the U.S. and Asia.

The company set out with a clear mission to become the global leader in marine electric propulsion systems and services. This pioneering, market-challenging brand is at the very forefront of the industry and is recognized across the world for its exceptional product quality, performance, and technological innovations.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ: VMAR) epitomizes the marine industry's shift towards electric propulsion, offering the pioneering E-Motion™ outboard powertrain system. This innovative technology represents a significant leap forward in marine propulsion, combining advanced battery packs, inverters, and high-efficiency motors with proprietary software and assembly techniques. Vision Marine's commitment to eco-friendly electric powerboats is reshaping the recreational boating experience, offering higher speeds, longer ranges, and smoother rides than traditional internal combustion engine boats. With a focus on design, innovation, and craftsmanship, Vision Marine continues to redefine recreational boating for a more sustainable future.

Forward-Looking Statements

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include predictions, expectations, estimates, and other information that might be considered future events or trends, not relating to historical matters. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2023, and its periodic filings with the SEC provide a detailed discussion of these risks and uncertainties. Vision Marine does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, as required by law.

Investor and Company Contact:

Bruce Nurse
(303) 919-2913
bn@v-mti.com

SOURCE: Vision Marine Technologies Inc

View the original press release on accesswire.com

FAQ

What is the Phantom Plastic Boat by Vision Marine Technologies (VMAR)?

The Phantom Plastic Boat is an innovative vessel crafted from plastic rotomolding technology, developed by Vision Marine Technologies (VMAR). It features a customized electric ePropulsion system and is designed to offer a zero-emission boating experience.

What propulsion system will be used in the Phantom boat by VMAR?

The Phantom boat by Vision Marine Technologies (VMAR) will be equipped with the 6kW Navy 6.0 Evo system from ePropulsion, providing a reliable and high-performance electric propulsion solution.

How will the partnership between Vision Marine (VMAR) and ePropulsion benefit consumers?

The partnership will offer consumers a comprehensive, zero-emission boating solution that combines innovative design with proven propulsion technology. It also provides easier access to the Phantom boat through ePropulsion's extensive dealer network.

When was the Phantom boat by Vision Marine Technologies (VMAR) first unveiled?

The Phantom boat by Vision Marine Technologies (VMAR) made its debut at the Miami International Boat Show, as mentioned in the press release. The exact date was not specified.