• Electric boats offer an impressive list of benefits for boating enthusiasts
• New partnership establishes exclusive distributorship agreement for south Florida, includes “milestone” order for VMAR’s Phantom
• Nautical Ventures Marine Group has ordered 50 units of VMAR’s Phantom, a boat constructed from fully recyclable materials

The advantages of electric propulsion are spreading beyond the roads to the waterways. Boat enthusiasts see the importance of sustainability as they consider electric boats, but they are recognizing other perks as well. The swell of support for electric boats can be seen in many ways, including the recent news from Vision Marine Technologies (NASDAQ: VMAR), a global leader and innovator in the performance electric recreational boating industry. The company received a purchase order for 50 units of its Phantom model from Nautical Ventures Marine Group, a premier provider of maritime products and services (https://ibn.fm/TyWja).

“There’s no denying the appeal of gliding over the open water, wind in your hair, and the sun on your face,” states an Elektrek article titled “Thinking of Buying a Small Boat? Here’s Why It Should Probably Be Electric” (https://ibn.fm/fgXvO). “Boat ownership has long been a cherished dream for many, and with more options for small, affordable boats than ever, that dream is widely becoming a reality. But in recent years there has been an exciting shift in the market towards electric boats.

“The boating industry, like many other sectors, is undergoing an electric revolution,” the article continues. “More and more people are choosing electric boats over their traditional gasoline-powered counterparts, and it’s not hard to see why.” The article provides a list of reasons why boaters should consider electric options, including a smooth, quiet and pleasurable ride; sustainability; lower operating costs; increased safety; and ease of use. In addition, the article points out that some countries and regions offer incentives and benefits for those who opt for electrically powered boats, in an effort to support eco-friendly alternatives. “Access to electric-only and nonpowered lakes or streams is also a major advantage of electric boats over gas-powered vessels,” the article states.

This hefty list of advantages helped inspire what Vision Marine calls a “groundbreaking partnership” with Nautical Ventures Marine Group. The partnership establishes an exclusive distributorship agreement for south Florida and includes a “milestone” order for 50 units of VMAR’s Phantom, a boat constructed from fully recyclable materials that offers unparalleled durability and performance. The 50 units of the Phantom will be delivered over the next four months.

“Under the exclusive distributorship agreement, Nautical Ventures Marine Group will serve as the sole distributor of the Phantom in the vibrant and burgeoning south Florida market,” the company announced. “This strategic partnership is expected to significantly enhance the visibility and availability of the Phantom, positioning it as a mainstay in the recreational marine landscape of Florida.”

Noting that Vision Marine Technologies and Nautical Ventures Marine Group share a commitment to innovation, quality and environmental stewardship, VMAR CEO Alex Mongeon stated that “this partnership and the initial order of 50 units are a testament to the Phantom’s unique value proposition and our shared vision for a greener future in maritime recreation.”

Vision Marine Technologies epitomizes the marine industry’s shift towards electric propulsion, offering the pioneering E-Motion(TM) 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.

For more information, visit the company’s website at www.VisionMarineTechnologies.com.

NOTE TO INVESTORS: The latest news and updates relating to VMAR are available in the company’s newsroom at https://ibn.fm/VMAR

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