Welcome to our dedicated page for Vision Marine Technologies news (Ticker: VMAR), a resource for investors and traders seeking the latest updates and insights on Vision Marine Technologies stock.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is an electric marine propulsion company that combines high-voltage powertrain technology with a multi-brand recreational boat retail and service platform. News about Vision Marine often centers on developments in its E-Motion™ electric powertrain system, progress in its Nautical Ventures retail network, and updates on its financial and operational performance.
Investors and boating industry followers can use this VMAR news feed to review company press releases on quarterly and annual results, including discussions of revenue trends, cash flow from operating activities, and changes in working capital and floorplan financing exposure. Vision Marine regularly reports on integration milestones following its acquisition of Nautical Ventures Group Inc., a Florida-based recreational boat dealership, marina, and service provider with multiple locations across the state.
Company news also covers strategic initiatives such as marina expansion plans at the Anglers Avenue Marine Center in Dania Beach, Florida, where Vision Marine has outlined intentions to increase slip capacity and enhance dealership-level service operations. Updates may describe storage and service activity at this flagship site and its role as a regional hub for E-Motion™ electric-boat integrations and an on-water showroom.
Capital markets announcements form another important category of VMAR news. Vision Marine issues releases on public offerings of common shares and pre-funded warrants, the use of proceeds for working capital, inventory management, and patent prosecution related to its E-Motion™ technology, and actions such as reverse stock splits approved by its board of directors in connection with Nasdaq listing requirements.
Technology and partnership updates appear as well, including collaborations with BRP Electrification Engineering Services and performance projects involving the E-Motion™ 180E platform. Readers interested in the intersection of marine electrification, recreational boating retail, and corporate finance can follow this page for Vision Marine’s latest official announcements and regulatory news items.
Vision Marine Technologies, Inc. (VMAR) announced a supply agreement with The Limestone Boat Company, marking a significant step in the commercialization of its E-Motion electric outboard powertrains. The deal includes an initial order of 25 powertrains valued at approximately US $2M. Vision Marine will also invest US $2.8M in Limestone through convertible debentures. This partnership positions both companies to leverage a growing demand in a market projected to reach US $17B by 2026, driven by environmental regulations and consumer shift towards electric boating.
Vision Marine Technologies (Nasdaq: VMAR) is set to launch a global marketing campaign for its new electric outboard engine, E-Motion 180, on May 1. The engine, boasting 180 hp and 390 Nm of torque, is the most powerful electric outboard available. The campaign aims to attract recreational boaters through online channels and trade publications. Vision Marine is enhancing its distribution network to meet anticipated demand in North America, Australia, and Europe. The E-Motion offers zero emissions, significant cost reductions, and a unique boating experience, marking a pivotal moment in recreational boating.
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.
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