Vision Marine Technologies Inc Stock Price, News & Analysis

Vision Marine Technologies (Nasdaq: VMAR) will launch an outreach program on May 1 to promote its innovative 180 hp electric E-Motion powertrain system. The global marketing campaign aims to educate OEMs and consumers about its advantages, including zero emissions and significant cost reductions in fuel and maintenance. CEO Alexandre Mongeon emphasized the system's balance of power, efficiency, and cost, while also noting partnerships with established marketing agencies to enhance visibility. The company aims to disrupt the traditional boating market with this environmentally friendly technology.

Vision Marine Technologies (NASDAQ:VMAR) will present at the Planet MicroCap Showcase: VIRTUAL on April 21, 2021, at 1:00 PM ET. CEO Alexandre Mongeon and CFO Kulwant Sandher will lead the presentation and answer investor questions.

Investors can register for the event and schedule 1-on-1 meetings via the conference platform. If unable to attend live, the presentation will be available for later viewing. Vision Marine focuses on developing electric propulsion systems and boats, aiming to transform the boating industry and reduce waterway pollution.

Vision Marine Technologies (Nasdaq: VMAR) announced significant growth milestones since its IPO in November 2020. The company emphasizes its position in the expanding electric boat market, supported by the National Marine Manufacturers Association's report of a 13-year high in U.S. boat sales. Key updates include the acquisition of MAC Engineering's technology, over 1,000 Letters of Intent for E-Motion powertrain systems, and a doubling of boat orders compared to last year. Vision's strategic partnerships and marketing efforts aim to enhance their market leadership and accelerate sales of environmentally friendly electric boats.

Vision Marine Technologies (Nasdaq: VMAR) announces its acquisition of MAC Engineering's intellectual property related to marine outboard electronic systems, enhancing its leadership in electric boat powertrains. The acquisition includes all of MAC's technological components and software, with Xavier Montagne, previously CEO of MAC, joining as Chief Technology Officer. This strategic move positions Vision Marine to innovate and expand its E-Motion powertrain system, a fully electric 180 hp integrated outboard system, improving efficiency and performance in the electric boating sector.

Vision Marine Technologies (VMAR) has signed a purchase order with Boat Fix, Inc. to equip its electric powerboat fleet with advanced telematics devices and monitoring software. This strategic alliance aims to enhance safety and operational oversight for boaters and OEM customers using Vision's E-Motion propulsion system. Boat Fix's technology will provide remote access to boat functions, including 24/7 monitoring and alarm responses, thus improving user confidence. This collaboration marks a significant step in Vision's commitment to eco-friendly boating solutions.

Vision Marine Technologies (NASDAQ: VMAR) has engaged Gateway Investor Relations to enhance its investor relations initiatives following a successful IPO. Gateway will help refine messaging, provide strategic advisory services, and facilitate introductions to institutional investors. Vision aims to leverage growing interest in electric vehicles through effective communication of its growth story as a leader in electric boating technology.

Vision Marine Technologies (NASDAQ: VMAR) announced a partnership with Tourism Quebec and Transport Canada for the Haut-Richelieu project. This collaboration involves supplying up to 15 electric boats for rental and water taxi services along a 30 km stretch of waterways near Montreal. With an initial deposit received, the boats are expected for delivery by Spring 2021. The project aims to become Canada's largest electric boat operation, promoting eco-friendly tourism.

Vision Marine Technologies, Inc. (Nasdaq: VMAR) celebrated its listing on the Nasdaq Capital Markets with a virtual closing bell ceremony led by Co-Founder and CEO Alex Mongeon. This milestone is expected to enhance the company's visibility and diversify its shareholder base, ultimately boosting long-term shareholder value. The firm is recognized for its innovative electric powertrain, E-Motion, which contributes to zero pollution and a quieter boating experience. Vision continues to manufacture high-performance electric recreational powerboats aimed at improving efficiency and range.

Vision Marine Technologies (NASDAQ: VMAR) has successfully completed its initial public offering (IPO) of 2,760,000 common shares at $10.00 each, raising gross proceeds of $27.6 million. The offering included 360,000 shares from the underwriters' option. The funds will be allocated for sales and marketing, inventory buildup, research and development, and general working capital. The IPO registration was effective as of November 23, 2020, and is backed by ThinkEquity, the sole book-running manager.