Vision Marine Technologies and Nautical Ventures Secure Exclusive Twin Vee Territory in Broward County and Introduce Signature Adventure V Edition

Vision Marine Technologies (NASDAQ: VMAR) subsidiary Nautical Ventures secured exclusive Twin Vee PowerCats (NASDAQ: VEEE) distribution rights for Broward County, Florida, with initial inventory deliveries expected within weeks.

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR) subsidiary Nautical Ventures secured exclusive Twin Vee PowerCats (NASDAQ: VEEE) distribution rights for Broward County, Florida, with initial inventory deliveries expected within weeks.

The agreement grants territorial exclusivity, aligns Nautical Ventures' retail network with Twin Vee's manufacturing scale (12 models; >700 boats annual capacity; ~10,000 boats produced) and includes two custom "Adventure Edition" models, including a 34-foot 340 GFX-2 V Edition, with select platforms planned for integration with Vision Marine's E-Motion electric propulsion subject to final development.

Positive

• Exclusive Broward County distribution rights secured
• Access to Twin Vee's >700 boats annual production capacity
• Nearly 10,000 Twin Vee boats produced supports supplyability
• Two exclusive "Adventure Edition" models for Nautical Ventures
• Initial inventory deliveries expected within weeks

Negative

• Primary platforms expected in internal combustion configurations
• Electric propulsion integration with E-Motion remains subject to final development

Argus Mar 30 session

+0.51% close to close Open Argus

Details

News Market Reaction – VMAR

On Mar 30, the day this news came out, VMAR closed 0.51% above the previous close.

Data tracked by StockTitan Argus for the Mar 30 session.

Key Figures

Twin Vee models: 12 models Model size range: 22 to 40 feet Annual production capacity: over 700 boats annually +3 more

Twin Vee models

12 models

Product lineup in dealership agreement

Model size range

22 to 40 feet

Twin Vee boat length range

Annual production capacity

over 700 boats annually

Twin Vee manufacturing scale

Historical output

nearly 10,000 boats

Twin Vee total boats produced to date

Custom models planned

two "Adventure Edition" models

Exclusive models for Nautical Ventures network

Signature model length

34 foot

340 GFX-2 V Edition Adventure model

Historical Context

5 past events · Latest: Mar 26

5 events

1. Mar 26

   Production commitments

   24h Move

   +1.0%

   2026 electric boat production reported substantially committed by commercial demand.

2. Mar 23

   New distributorship

   24h Move

   +1.9%

   Nautical Ventures gains exclusive Florida distributorship for AIATA premium boats.

3. Mar 18

   Sales surge update

   24h Move

   -1.3%

   Reported 446% year-over-year increase in electric boat sales under contract.

4. Mar 11

   Product launch

   24h Move

   +0.4%

   Introduced SPECTR 26 electric tritoon targeting scalable adoption in pontoon segment.

5. Mar 09

   Warranty extension

   24h Move

   +2.9%

   Announced first standard six-year powertrain warranty for E‑Motion 180E outboard.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

power catamaran, internal combustion, electric propulsion

3 terms

power catamaran technical

"These exclusive models are expected to be based on Twin Vee power catamaran platforms"

A power catamaran is a motorized boat with two parallel hulls instead of a single hull, offering greater stability, more deck and cabin space, and often better fuel efficiency at similar speeds. For investors, it signals different market dynamics than traditional single-hull boats—appealing to charter operators, cruise and leisure businesses, and luxury buyers because its design can lower operating costs, support larger payloads, and command premium resale or charter rates.

internal combustion technical

"The platforms are expected to be offered in internal combustion configurations"

Internal combustion describes engines that produce power by burning fuel inside a closed chamber, where the expanding hot gases push pistons or spin a turbine—think of it as a controlled, repeated tiny explosion inside the machine. It matters to investors because reliance on these engines affects companies’ costs, regulatory risks, and market demand as fuel prices, emissions rules and shifts toward electric alternatives can change sales, profitability and long-term asset value.

electric propulsion technical

"with electric propulsion planned for specific platforms, including integration with Vision Marine's E-Motion"

Electric propulsion uses electrical energy to produce thrust or turn a vehicle’s drive system instead of burning conventional fuel, covering technologies from electric motors in cars and ships to electric thrusters on satellites. Investors care because it can sharply reduce fuel and maintenance costs, lower emissions, and extend operational life—similar to swapping a gas engine for a much more efficient electric one—which can change profit margins, capital needs, and regulatory risk for companies involved.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Brand Portfolio Expansion and Retail Execution

FORT LAUDERDALE, Fla., March 30, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company"), a company specializing in high-voltage marine propulsion and a vertically integrated marine retail platform, today announced that its subsidiary, Nautical Ventures Group, has entered into a strategic dealership agreement with Twin Vee PowerCats Co. (NASDAQ: VEEE) ("Twin Vee"), securing exclusive distribution rights for Broward County, Florida.

Twin Vee brings established manufacturing scale to the partnership, with a product lineup spanning 12 models ranging from 22 to 40 feet and production capacity of over 700 boats annually. To date, the company has produced nearly 10,000 boats, supporting its ability to supply inventory in alignment with retail demand across high-activity markets.

The agreement grants Nautical Ventures sole rights to sell and distribute Twin Vee products within a defined territory reserved for its dealership network, reinforcing a structured approach to market coverage, pricing discipline, and inventory allocation in one of the most active boating regions in the United States.

Nautical Ventures is recognized as one of the most accomplished dealership networks in the United States within the adventure boat segment, with demonstrated ability to execute across high-demand performance boating categories and deliver products efficiently to market.

The South Florida region, including Broward County, represents one of the highest concentrations of registered recreational vessels in the United States, supporting sustained retail demand and positioning the territory as a strategic market for boat sales, service, and customer engagement.

Initial inventory deliveries are anticipated within the coming weeks, supporting near-term retail execution across Nautical Ventures' South Florida operations.

Territorial exclusivity, combined with the geographic proximity of both organizations in Florida, is expected to support improved inventory turnover and capital efficiency by aligning product supply with localized demand and reducing intra-market competition within the dealership network. This structure enables more coordinated deployment of inventory, improved delivery timelines, and a consistent retail experience across high-traffic locations.

In connection with this agreement, Vision Marine and Nautical Ventures are collaborating with Twin Vee on the development of two custom "Adventure Edition" models, designed specifically for distribution through Nautical Ventures' network. These exclusive models are expected to be based on Twin Vee power catamaran platforms and tailored to meet evolving customer expectations in the adventure boating segment.

One of these models, the 34 foot, 340 GFX-2 V Edition, features a distinctive design profile combined with the performance, stability, and efficiency characteristics of Twin Vee's power catamaran platform, tailored to meet the evolving expectations of customers in the premium adventure boating segment.

The platforms are expected to be offered in internal combustion configurations, with electric propulsion planned for specific platforms, including integration with Vision Marine's E-Motion™ system, subject to final development and production planning.

These exclusive offerings are expected to be available solely through Nautical Ventures within its designated territory, reinforcing the value of its dealership network and territorial rights strategy while supporting product differentiation within a competitive segment.

"This agreement reflects our continued focus on structuring our retail operations around exclusive territories and high-quality product offerings," said Alexandre Mongeon, Chief Executive Officer of Vision Marine Technologies. "In markets like South Florida, territorial control supports disciplined execution, more efficient inventory deployment, and improved alignment between supply and demand. We also see continued customer interest in the adventure catamaran segment, and Twin Vee's platform aligns well with this category."

Joseph Visconti, Chief Executive Officer of Twin Vee PowerCats Co., added: "Nautical Ventures has established itself as a highly capable dealership network in one of the most important boating markets in the United States. This exclusive agreement in Broward County aligns with our strategy of working with partners that can represent our brand with consistency and operational discipline."

As two NASDAQ-listed companies operating within complementary segments of the marine industry, Vision Marine and Twin Vee share a focus on structured growth, operational discipline, and targeted market expansion. This agreement reflects a coordinated approach to scaling distribution through defined territories and aligned execution.

This announcement forms part of Vision Marine's broader strategy to expand its multi-brand retail platform, enhance product availability in high-demand markets, and support scalable growth through a combination of proprietary technology integration and structured dealership operations.

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a company specializing in high-voltage marine propulsion systems and a vertically integrated marine retail platform. Through its ownership of Nautical Ventures Group, the Company operates a network of dealership, service, and marina locations across Florida, offering a wide range of recreational boating products and services.

About Nautical Ventures Group
Nautical Ventures is a Florida-based boat dealership and service provider with multiple locations, operating within defined territorial rights across key markets. The company offers new and pre-owned boat sales, marina services, financing, and on-water experiences, representing a portfolio of recognized marine brands.

About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. (NASDAQ: VEEE) is a manufacturer of power catamaran boats designed for stability, efficiency, and offshore performance, serving both recreational and commercial boating applications.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding anticipated product offerings, delivery timelines, market expansion, inventory turnover, and strategic initiatives. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may affect such results include market conditions, customer demand, production timelines, regulatory considerations, and other risks described in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update these forward-looking statements except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vision-marine-technologies-and-nautical-ventures-secure-exclusive-twin-vee-territory-in-broward-county-and-introduce-signature-adventure-v-edition-302728181.html

SOURCE Vision Marine Technologies, Inc

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What exclusivity did Vision Marine (VMAR) secure with Twin Vee (VEEE) in Broward County on March 30, 2026?

They secured sole dealership and distribution rights for Twin Vee products in Broward County, Florida. According to Vision Marine, this grants Nautical Ventures exclusive territorial rights to sell and service Twin Vee boats within a defined local territory, supporting coordinated inventory and pricing.

When will initial Twin Vee inventory arrive for Nautical Ventures' Broward County operations?

Initial inventory deliveries are expected within the coming weeks. According to Vision Marine, early shipments are planned to support near-term retail execution across Nautical Ventures' South Florida locations and to improve delivery timelines for customers.

What Twin Vee manufacturing scale supports the Nautical Ventures agreement with VEEE?

Twin Vee produces over 700 boats annually and has built nearly 10,000 boats to date. According to Twin Vee, that manufacturing scale should help supply inventory aligned with retail demand in high-activity markets like South Florida.

What custom models are being developed for Nautical Ventures under the VEEE agreement?

Two custom "Adventure Edition" models are being developed, including a 34-foot 340 GFX-2 V Edition. According to the companies, these exclusive models are tailored for Nautical Ventures' network and based on Twin Vee power catamaran platforms.

Will Twin Vee models sold through Nautical Ventures include electric propulsion via Vision Marine's E-Motion system?

Some platforms are planned for electric propulsion integration, but this is subject to final development and production planning. According to Vision Marine, select platforms may integrate E-Motion, while initial offerings are expected to feature internal combustion configurations.