Vision Marine Technologies Announces Nautical Ventures' Appointment as Exclusive STERK Yachts Dealer in Florida

Vision Marine Technologies (NASDAQ: VMAR; TSXV: VMAR) announced that its subsidiary Nautical Ventures Group has been appointed the exclusive authorized dealer for STERK Yachts in Florida by MS Marine USA, STERK’s U.S. distributor.

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR; TSXV: VMAR) announced that its subsidiary Nautical Ventures Group has been appointed the exclusive authorized dealer for STERK Yachts in Florida by MS Marine USA, STERK’s U.S. distributor. The exclusivity is subject to defined sales performance and payment conditions.

Nautical Ventures will provide consultation, demonstrations, sea trials, delivery support, after-sales service and local brand representation through its established Florida network. The agreement initially covers STERK’s conventionally powered premium dayboats and may also support future electric STERK opportunities leveraging Vision Marine’s E-Motion™ 180E propulsion, already demonstrated on the STERK 31E. The collaboration aligns with Vision Marine’s vertically integrated growth strategy across technology, retail and service.

Argus Jul 23 session 25 alerts

+0.97% close to close 0.1x rel. volume Open Argus

Details

News Market Reaction – VMAR

-8.4% Trough in 29 hr

$5.44M Market Cap

In the Jul 23 session, VMAR gained 0.97%, reflecting a mild positive market reaction. Argus tracked a trough of -8.4% from its starting point during tracking. Our momentum scanner triggered 25 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

HRT FINANCIAL LP was reported as a net seller in recent insider activity. That platform record adds ...

Analysis

HRT FINANCIAL LP was reported as a net seller in recent insider activity. That platform record adds a shareholder-alignment risk to this dealership announcement; monitoring subsequent filings would help contextualize execution without assuming a price response.

Key Figures

Announcement date: July 23, 2026 Dealer award year: 2024 Propulsion system: E-Motion™ 180E +1 more

Announcement date

July 23, 2026

Dealer appointment announcement

Dealer award year

2024

Boating Industry Top 100 Dealer of the Year

Propulsion system

E-Motion™ 180E

High-voltage propulsion system integrated into STERK 31E

Vessel model

STERK 31E

Publicly demonstrated electric vessel platform

Historical Context

5 past events · Latest: Jul 22

5 events

1. Jul 22

   Patent application

   24h Move

   -0.9%

   Filed U.S. patent application covering low-voltage marine power management systems

2. Jul 21

   Strategy update

   24h Move

   -10.9%

   Outlined integrated platform strategy and reported approximately US$2.4 million operating cash

3. Jul 14

   ATM offering

   24h Move

   +9.2%

   Completed equity offering program raising approximately US$16.3 million gross proceeds

4. Jul 13

   Q3 revenue report

   24h Move

   +9.2%

   Reported 27% sequential revenue growth alongside continued net losses

5. Jul 09

   Real-estate sale

   24h Move

   -3.1%

   Announced Florida property transactions with expected gross proceeds and cost reductions

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

Key Terms

high-voltage electric propulsion

1 terms

high-voltage electric propulsion technical

"a marine technology company specializing in high-voltage electric propulsion"

A propulsion system that uses electrical power at higher voltages to drive motors or thrusters instead of relying on combustion or low-voltage electric setups. Like running more water at higher pressure through a narrower hose, higher voltage allows the same or greater power with lighter wiring and smaller components, improving efficiency, range and performance. Investors care because it can lower operating costs, enable new product features, reduce weight, and introduce technical, safety and regulatory risks that affect project costs and timelines.

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

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Dealer agreement expands Nautical Ventures' premium dayboat offering and adds STERK Yachts to its award-winning Florida sales and service network.

BOISBRIAND, Québec and FORT LAUDERDALE, Fla., July 23, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company"), a marine technology company specializing in high-voltage electric propulsion and recreational boating solutions, today announced that its subsidiary, Nautical Ventures Group Inc. ("Nautical Ventures"), has been appointed the exclusive authorized dealer for STERK Yachts in Florida.

Named Boating Industry's 2024 Top 100 Dealer of the Year, Nautical Ventures will represent STERK models distributed by MS Marine USA Inc. throughout Florida. The appointment adds STERK's premium conventionally powered dayboats to Nautical Ventures' product portfolio and may also support future electric STERK opportunities through Vision Marine's propulsion technology.

The appointment was established through a dealer agreement between Nautical Ventures and MS Marine USA, STERK Yachts' authorized U.S. distributor. Under the agreement, Nautical Ventures' exclusivity in Florida remains subject to the specified sales performance and payment conditions.

Nautical Ventures will provide product consultation, customer demonstrations, sea trials, delivery support, after-sales service and local brand representation through its established Florida sales and service network.

"STERK yachts combine European design, performance and practical functionality in a product well suited to the Florida market," said Alexandre Mongeon, Chief Executive Officer of Vision Marine Technologies Inc. "Their addition expands Nautical Ventures' premium dayboat offering and gives customers access to the brand through an established sales, delivery and service network."

"Nautical Ventures is the type of network we want to work with as STERK Yachts expands in the United States, combining strong market knowledge, customer reach and established service capabilities," said Milan Sterk, Founder and Managing partner of STERK Yachts. "Vision Marine is also an important technology partner as we continue evaluating how advanced propulsion solutions can contribute to the development of STERK yachts and the future of boating."

The dealership relationship may also support the future introduction of electric STERK yachts in Florida. Vision Marine's E-Motion™ 180E high-voltage propulsion system has already been successfully integrated into and publicly demonstrated on the STERK 31E, establishing a connection between STERK Yachts' vessel platforms, Vision Marine's propulsion technology and Nautical Ventures' retail and service capabilities.

"The STERK 31E demonstrates what can be achieved by bringing together STERK Yachts' European design and Vision Marine's E-Motion™ propulsion technology," said Maxime Poudrier, Chief Operating Officer of Vision Marine Technologies Inc. "Nautical Ventures adds an established customer-facing network that could support the future introduction and servicing of electric STERK yachts in Florida."

Customers throughout Florida will have local access to STERK yachts available through MS Marine USA, together with professional product consultation, sea trials, delivery support and comprehensive after-sales service.

By connecting STERK Yachts' premium product portfolio with Nautical Ventures' customer-facing network and Vision Marine's propulsion technology, the appointment supports Vision Marine's vertically integrated growth strategy across technology, retail and service. The parties intend to build on their existing relationships over the longer term through continued commercial and technical cooperation. Any broader commercial availability of electric STERK yachts will remain subject to successful technical validation, production readiness, product availability and applicable commercial and regulatory requirements.

About STERK Yachts

STERK Yachts is a premium European yacht manufacturer focused on modern design, performance-oriented engineering and practical functionality. Based in Germany, STERK Yachts develops precision-built dayboats for recreational marine markets in Europe and internationally.

For more information, visit sterk-yachts.com.

About Nautical Ventures

Nautical Ventures is a Florida-based marine retailer and a subsidiary of Vision Marine Technologies Inc. The company operates a network of sales and service locations throughout Florida and offers new and pre-owned vessels, yacht tenders, watersports equipment, brokerage, maintenance, delivery and comprehensive customer support. Nautical Ventures was named Boating Industry's 2024 Top 100 Dealer of the Year.

For more information, visit nauticalventures.com.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) is a marine technology company and vertically integrated recreational boating platform delivering premium on-water experiences across electric and internal combustion engine segments.

Through its proprietary E-Motion™ high-voltage electric propulsion technology and its Nautical Ventures multi-brand retail, marina and service network, Vision Marine combines marine engineering, direct consumer access, OEM relationships, service infrastructure and customer support capabilities.

For more information, visit visionmarinetechnologies.com.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements within the meaning of applicable Canadian securities laws and the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.

Forward-looking statements include, without limitation, statements regarding the continuation of Nautical Ventures' exclusivity in Florida, the anticipated benefits of the dealer appointment, the expansion of STERK Yachts' presence in Florida and the United States, future customer access and after-sales support, continued commercial and technical cooperation, the relationship's anticipated role in Vision Marine's vertically integrated growth strategy, and the potential introduction, servicing and commercial availability of electric STERK yachts.

Forward-looking statements are based on management's current expectations, assumptions and beliefs and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These risks include dealer performance and compliance with applicable sales and payment conditions, product-development and validation risks, manufacturing and supply-chain conditions, product availability, customer demand, recreational boating industry conditions, regulatory requirements, commercial execution and other risks described in the Company's filings with the U.S. Securities and Exchange Commission and Canadian securities regulators available on SEDAR+.

Forward-looking statements speak only as of the date of this press release. Readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Vision Marine Technologies, Inc

FAQ

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

What did Vision Marine Technologies (VMAR) announce about Nautical Ventures and STERK Yachts on July 23, 2026?

Vision Marine announced that Nautical Ventures was appointed exclusive authorized dealer for STERK Yachts in Florida. According to Vision Marine, Nautical Ventures will handle sales, demonstrations, delivery support and after-sales service for STERK models distributed by MS Marine USA across the Florida market.

Is Nautical Ventures the exclusive STERK Yachts dealer in Florida and are there conditions on this exclusivity?

Nautical Ventures has been appointed the exclusive authorized STERK Yachts dealer in Florida. According to Vision Marine, this exclusivity is conditional and remains subject to specified sales performance and payment conditions defined in the dealer agreement with MS Marine USA.

How does the STERK Yachts dealer agreement support Vision Marine Technologies’ (VMAR) strategy?

The dealer appointment supports Vision Marine’s vertically integrated growth strategy across technology, retail and service. According to Vision Marine, connecting STERK’s premium boats with Nautical Ventures’ network and its E-Motion™ propulsion technology aligns commercial distribution with future electric product opportunities in Florida.

What role will Vision Marine’s E-Motion 180E system play in future STERK Yachts offerings in Florida?

Vision Marine’s E-Motion 180E system may support future electric STERK yachts in Florida. According to Vision Marine, the system has already been integrated and publicly demonstrated on the STERK 31E, establishing a technical link for potential future electric models, subject to validation and regulatory requirements.

What services will Nautical Ventures provide to STERK Yachts customers in Florida under the VMAR-linked agreement?

Nautical Ventures will offer product consultation, customer demonstrations, sea trials, delivery support and after-sales service. According to Vision Marine, these services will be delivered through Nautical Ventures’ established Florida sales and service network, giving customers localized access to STERK yachts distributed by MS Marine USA.

Will electric STERK yachts be broadly available in Florida through Nautical Ventures and Vision Marine (VMAR)?

Broader commercial availability of electric STERK yachts in Florida is not yet confirmed. According to Vision Marine, any expansion will depend on successful technical validation, production readiness, product availability and satisfaction of applicable commercial and regulatory requirements over time.