Author: Vision Marine Technologies Inc

BOISBRIAND, QUEBEC / ACCESS Newswire / November 4, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”), a company specializing in high-voltage marine propulsion, together with its recently acquired retail network Nautical Ventures, an award-winning Florida-based dealership group with eight locations, today announced the filing of a new patent application, VM1015US01, with the United States Patent and Trademark Office.

The Company’s 13th patent filing introduces an intelligent cooling-inlet assembly located on the electric outboard of Vision Marine’s E-Motion™ 180E high-voltage electric marine powertrain, designed to enhance efficiency, reliability, and ease of maintenance for electric boat users. This development reinforces Vision Marine’s growing portfolio of proprietary technologies and supports its strategy to integrate innovation with scalable retail and service operations.

The newly patented system incorporates a sealed cooling-inlet assembly positioned directly on the electric outboard, providing a connection fitting that feeds the electric water pump mounted under the cowling. This configuration supports improved thermal management and ease of access for maintenance.

This innovation allows the motor to maintain optimal performance in all conditions while offering a quieter and smoother ride. It also reduces service requirements and extends the lifespan of propulsion components, directly improving reliability and peace of mind for E-Motion™-equipped boat owners.

“The innovation enables cooling performance that adapts intelligently to the motor’s temperature and usage,” said Daniel Rathe, Chief Technology Officer at Vision Marine Technologies. “It also makes service more convenient. The pump and impeller can be accessed directly under the cowling and serviced with the boat in the water without removing the lower unit, which significantly improves the ownership experience.”

By relocating the cooling components and allowing the electric water pump to operate independently, the system enables flushing without engaging the propulsion motor. This simplifies maintenance and enhances durability. It also provides helm notifications if cooling flow becomes restricted or irregular, giving users clear feedback and protecting the powertrain.

“This innovation highlights our engineering team’s ability to translate real-world user needs into practical design improvements,” said Maxime Poudrier, Chief Operating Officer at Vision Marine Technologies. “It represents another example of how we continue to refine the E-Motion™ 180E platform for long-term performance and ease of use.”

This new patent follows a series of technology developments that support Vision Marine’s E-Motion™ platform and its broader commercialization strategy through Nautical Ventures, its U.S. distribution and service network. Nautical Ventures continues to play a key role in demonstrating and servicing Vision Marine’s high-voltage electric propulsion systems while introducing new consumers to the benefits of electric boating.

With 13 patents now filed and additional integrations underway with global boat manufacturers, Vision Marine continues to strengthen its position as a marine technology company backed by a scalable retail and service foundation. The Company’s vertically integrated structure combines engineering innovation with direct consumer access, providing a complete platform for the future of performance boating.

This patent reinforces Vision Marine’s ability to deliver proprietary technology specifically engineered for the marine environment, strengthening the Company’s long-term competitive advantage in electric propulsion. Each new patent expands the foundation for future OEM partnerships and licensing opportunities while deepening Vision Marine’s integration capabilities across its own retail network, Nautical Ventures. Together, these assets position Vision Marine to capture a growing share of the accelerating transition toward high-performance electric boating solutions.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ:VMAR) is a marine technology company transforming the boating experience through innovation in both electric and internal-combustion propulsion. Vision Marine designs, manufactures, and integrates high-voltage electric powertrain systems and performance boats, while operating a vertically integrated retail and service network through its subsidiary, Nautical Ventures, one of the top dealership groups in the United States.

Together, Vision Marine and Nautical Ventures form North America’s first fully integrated technology and retail platform, bringing consumers and manufacturers the next generation of on-water experiences.

For more information, visit www.visionmarinetechnologies.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Vision Marine Technologies undertakes no obligation to update these statements except as required by law.

Investor Relations
Bruce Nurse
Vision Marine Technologies Inc.
Email: bn@v-mti.com
Phone: (303) 919-2913

SOURCE: Vision Marine Technologies Inc

View the original press release on ACCESS Newswire

BOISBRIAND, QUEBEC / ACCESS Newswire / October 28, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”), a company specializing in high-voltage electric propulsion and marine technology, today announced that it will operate the official electric shuttle fleet for the 2025 Fort Lauderdale International Boat Show (FLIBS).

Vision Marine electric boats will provide continuous shuttle service between four key locations throughout the show, allowing attendees to experience the Company’s electric technology and on-water mobility solutions firsthand. With the quiet peacefulness of electric propulsion, each ride will offer a calm and refined alternative to traditional boating. The shuttles will also be available for purchase through Vision Marine’s Nautical Ventures retail network during and after the event, giving visitors and investors a direct opportunity to experience the Company’s consumer-ready products.

Recognized as the largest in-water boat show in the world, FLIBS spans nearly 90 acres of exhibits and attracts more than 100,000 visitors annually. Partnering with the show as the official electric shuttle provider demonstrates how Vision Marine’s electric boats are being deployed in real-world applications that enhance the visitor experience while promoting cleaner, quieter on-water mobility.

This year’s FLIBS presence underscores Vision Marine’s expanding footprint as both a technology innovator and retail operator. The Company will debut the Sterk 31E, featuring a dual-E-Motion™ 180E integration, and welcome visitors to the Nautical Ventures AquaZone, a 7,000-square-foot floating exhibition island showcasing a wide selection of boats and water-toy brands, including Flite, AquaBanas, Awake, Four Seas, Seabob, Otter, Taiga, SERO Innovations, Hovercraft, Hog Island Boat Works, Axopar, Gulf Stream Docks, Sublue, RoverCat, and Northstar.

“We are honored to collaborate with Informa and the Fort Lauderdale International Boat Show to deliver this unique on-water experience,” said Alexandre Mongeon, Co-Founder and CEO of Vision Marine Technologies. “Our participation underscores Vision Marine’s commitment to innovation and to offering new ways for boaters, enthusiasts, and investors to discover electric technology in an authentic, hands-on environment.”

The electric shuttle initiative exemplifies Vision Marine’s integrated business model – combining proprietary propulsion systems, in-house engineering, and the retail and service expertise of Nautical Ventures’ Florida network. Together, they form a scalable platform serving both electric and internal-combustion segments, focused on improving the overall on-water experience for all boaters.

With a portfolio spanning OEM integrations, consumer products, and an award-winning retail network, Vision Marine continues to execute on its dual mission: advancing marine technology and making it accessible to consumers through its growing retail footprint.

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a disruptive marine company delivering premium boating experiences through advanced electric propulsion and multi-brand retail operations. The Company industrialized the E-Motion™ 180E high-voltage outboard – the first turn-key system of its kind – and has integrated it across multiple OEM platforms. Following its acquisition of Nautical Ventures, Florida’s award-winning eight-location dealership network, Vision Marine operates as North America’s first marine group combining technology, sales, and service under one platform.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Vision Marine Technologies Inc. disclaims any obligation to update or revise these forward-looking statements, except as required by law.

Investor Relations Contact
Bruce Nurse
(303) 919-2913
bn@v-mti.com
https://investors.visionmarinetechnologies.com

SOURCE: Vision Marine Technologies Inc.

View the original press release on ACCESS Newswire

MONTRÉAL, QC / ACCESS Newswire / October 23, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”), owner of Nautical Ventures, one of Florida’s leading marine dealership networks, today announced a further strategic consolidation of Nautical Ventures’ operations to enhance efficiency and focus resources across its statewide retail and service footprint.

Following the recent sale of the property at 300 U.S. Highway 1 in North Palm Beach, Florida, Nautical Ventures has now completed the sale of its neighboring property at 139 Shore Court, while simultaneously securing a long-term lease with the buyer to continue operating the same address as a full dealership and service center. The location will continue to offer the same wide brand selection Nautical Ventures has been known for – including Axopar, Beneteau, Fairline, Brabus, Wellcraft, Edgewater, Starcraft, and more. Together, these transactions form part of Vision Marine’s broader plan to streamline real estate holdings and optimize capital allocation across its retail network.

The sale of the two properties generated approximately US $3.9 million in net proceeds for Vision Marine, which will be reinvested directly into Nautical Ventures’ operations and used to reduce floor plan financing, supporting continued growth, enhancing dealership performance, and strengthening customer experience. The consolidation is also expected to deliver an estimated US $0.8 million reduction in annual operating expenses. Combined with the previously announced sale of 300 U.S. Highway 1, Vision Marine anticipates aggregate annual savings of approximately US $1.6 million resulting from these strategic operational moves.

“This move reflects Nautical Ventures’ ongoing commitment to operational discipline and sustainable growth,” said Alexandre Mongeon, Co-Founder and CEO of Vision Marine Technologies. “Every dealership remains active, and every region we serve continues to be fully covered. We are simply optimizing how we operate to better align with the scale of our business and the strength of the Florida boating market.”

The streamlining effort reinforces Nautical Ventures’ position as a customer-driven retail leader, representing many of the industry’s most recognized boat brands and marine products. By focusing on high-impact retail sites and operational efficiency, Nautical Ventures continues to deliver premium products and after-sales service to boaters throughout Florida’s Gulf and Atlantic coasts.

This initiative supports Vision Marine’s broader strategy of building a scalable, performance-oriented marine platform that combines strong retail operations with the commercialization of its proprietary high-voltage E-Motion^™ propulsion technology.

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ:VMAR) is a marine technology company redefining on-water experiences through innovation. The Company designs, develops, and markets the E-Motion^™ high-voltage electric propulsion system and operates Nautical Ventures, an award-winning eight-location retail and service network across Florida. Together, Vision Marine and Nautical Ventures deliver performance, technology, and customer experience across both electric and internal-combustion segments.

Forward-Looking Statements
This press release contains forward-looking statements as defined under U.S. federal securities laws, including statements regarding expected cost reductions, reinvestment of proceeds, and operational benefits. Actual results may differ materially due to risks and uncertainties, including market conditions, execution timing, and other factors described in Vision Marine Technologies Inc.’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these statements except as required by law.

Investor Relations Contact
Bruce Nurse
(303) 919-2913
bn@v-mti.com

https://investors.visionmarinetechnologies.com

SOURCE: Vision Marine Technologies Inc

View the original press release on ACCESS Newswire

MONTREAL, QC / ACCESS Newswire / October 13, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”), a global leader in electric marine propulsion, proudly announces its collaboration with Shaun Torrente Racing (STR), led by multiple world champion powerboat racer Shaun Torrente, to equip the new Sterk 31e with STR’s state-of-the-art jackplate technology.

The Sterk 31e represents a milestone in the evolution of electric boating, translating Vision Marine’s high-voltage electric technology into a luxury day cruiser available for consumers. This partnership brings together Sterk’s award-winning European design, Vision Marine’s industrialized E-Motion™ propulsion systems, and STR’s race-bred performance expertise to deliver extended range, precision handling, and high-performance acceleration in a versatile platform.

A Look Back: From Record Speeds to Consumer Boats
In 2023, Vision Marine with Shaun Torrente set the world electric boat speed record at 116 mph at the Lake of the Ozarks Shootout, demonstrating its engineering leadership and ability to push the boundaries of high-voltage marine propulsion. The Sterk 31e extends that achievement from racing demonstrations to scalable consumer adoption, marking the first twin-E-Motion™ integration purpose-built for market readiness.

Shaun Torrente Racing’s contribution provides the performance edge that defines the Sterk 31e. By integrating STR’s precision jackplate systems-developed and refined through world-championship racing-the Sterk 31e achieves optimal trim, improved hydrodynamics, and maximized battery efficiency. This technology, proven on the racecourse and adapted for consumer use, enables faster acceleration, superior handling, and efficiency gains that elevate the boat into a class of its own.

“The Sterk 31e is more than just a striking electric boat-it is a benchmark for what a consumer-ready twin-motor electric setup should be,” said Maxime Poudrier, Chief Operating Officer at Vision Marine. “This project shows what happens when manufacturers partner with Vision Marine: they gain not only a certified and industrialized propulsion system but also access to a network of collaborators and distribution that accelerates time to market.”

Milan Sterk, founder of Sterk Yachts, added: “Our mission at Sterk Yachts has always been to blend performance and innovation with a family-oriented boating experience. The Sterk 31 is designed to be versatile, equally at home thrilling enthusiasts with its performance as it is welcoming families for unforgettable days on the water. Partnering with Vision Marine and STR allows us to deliver all of this, now in an electric format that represents the future of boating.”

“As a racer, I know how much precision determines performance,” said Shaun Torrente, founder of Shaun Torrente Racing. “We’ve taken the same race-winning engineering that earned world championships and applied it to the Sterk 31e. The twin-motor setup with STR jackplates gives this boat the speed, efficiency, and control that no other consumer electric boat can match. This is racing DNA made available to everyday boaters.”

The Sterk 31e will be revealed in-water at the 2025 Fort Lauderdale International Boat Show (FLIBS), further underscoring Vision Marine’s strategy of pairing proprietary propulsion technology with leading OEMs to accelerate consumer adoption of high-voltage electric solutions. Beyond this debut, manufacturers integrating Vision Marine’s E-Motion™ propulsion technology gain access to a broader ecosystem of collaboration-benefiting from the Company’s established partnerships, high-performance engineering capabilities, and Nautical Ventures’ award-winning retail and service network, which together enable faster go-to-market execution and increased consumer visibility.

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ:VMAR) is a disruptive marine company offering premium boating experiences through its industrialized high-voltage electric propulsion systems and multi-brand retail operations. The Company’s E-Motion™ technology, the first fully certified 180 HP electric outboard powertrain, has been integrated into more than 24 recreational boat platforms. With the acquisition of Nautical Ventures, an award-winning dealership network operating nine locations across Florida, Vision Marine has become North America’s first vertically integrated marine technology and retail enterprise.
For more information, please visit visionmarinetechnologies.com

About Sterk
STERK Yachts is a premium boat manufacturer known for blending modern design, high-performance engineering, and sustainable innovation. Based in Germany, STERK Yachts is dedicated to redefining the boating experience by integrating cutting-edge technology with meticulous craftsmanship. The company offers a range of high-quality, precision-built boats that cater to both luxury and performance-driven customers.

For more information, please visit sterkyachts.com

About Shaun Torrente Racing
Shaun Torrente Racing (STR) is a high-performance marine engineering and racing firm founded by multiple world champion powerboat racer Shaun Torrente. The company designs and manufactures precision-engineered marine components-including its race-proven adjustable jackplate systems-used by leading offshore teams and performance boat builders worldwide. STR is also an authorized Mercury Racing dealer and service center, bringing championship-level expertise to both competition and consumer applications.
For more information, please visit shauntorrenteracing.com

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on current expectations, assumptions, and projections and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, market acceptance of electric propulsion technology, operational execution, competitive dynamics, and regulatory changes. Vision Marine undertakes no obligation to update or revise forward-looking statements except as required by law.

Investor Relations Contact
Bruce Nurse
(303) 919-2913
bn@v-mti.com

https://investors.visionmarinetechnologies.com

SOURCE: Vision Marine Technologies Inc

View the original press release on ACCESS Newswire

Streamlines operations by allowing Nautical Ventures to consolidate its North Palm Beach locations into a single dealership and showroom

MONTREAL, QC / ACCESS Newswire / October 10, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”), a pioneering marine technology company, today announced the sale of the property on which a Nautical Ventures dealership is located at 300 U.S. Highway 1 in North Palm Beach, Florida. The Company intends to consolidate operations from this dealership into its neighbouring water sports showroom at 139 Shore Court, enhancing operational efficiency while continuing to serve customers in Florida – the largest recreational boating market in the United States – through its Nautical Ventures retail network.

When Vision Marine acquired Nautical Ventures in June 2025, it also obtained rights to acquire properties owned by Nautical Ventures’ related parties as well as the right to receive the net proceeds from any subsequent sale of those properties to third parties.

Following repayment of the mortgage associated with the property, Vision Marine received approximately US$2 million in net proceeds, which were applied to reduce the Company’s outstanding floor-plan financing. The transaction reflects Vision Marine’s strategy to optimize its dealership footprint while unlocking real-estate equity and improving liquidity.

“We continue to streamline operations at Nautical Ventures,” said Alexandre Mongeon, Co-Founder and CEO of Vision Marine. “By combining our neighbouring locations in North Palm Beach, we expect to realize annual savings of up to US$0.8 million without materially impacting sales. Since acquiring Nautical Ventures, we have made significant operational improvements – reducing our floor-plan balances, tightening inventory, lowering overhead, and expanding our product portfolio through new collaborations and distribution agreements, including Nimbus Boats, Hydrofin’s hydrofoil technology, Taiga’s electric personal watercraft, and Otter paddle products. On the technology side, we’ve also expanded our E-Motion™ integrations, most recently with dual E-Motion-equipped powerboats developed in collaboration with Sterk Boats.”

Mongeon added, “This transaction reflects our continued focus on disciplined capital allocation and strategic consolidation. We are unlocking tangible value from non-core assets while positioning Vision Marine for scalable and profitable growth as we head into the Fort Lauderdale International Boat Show and the upcoming retail season.”

This relocation and operational optimization are part of Vision Marine’s broader strategy to strengthen its digital footprint through expanded e-commerce initiatives and to accelerate the growth of its electric division. The Company continues to advance its broader strategy of aligning Nautical Ventures’ retail and service network with Vision Marine’s proprietary E-Motion™ technology platform. The upcoming Fort Lauderdale International Boat Show (FLIBS) will serve as an opportunity to further showcase the strength of its integrated platform and expanding product offering.

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine”) is a disruptive marine technology company delivering premium on-water experiences across both electric and internal-combustion segments. The Company’s E-Motion™ 180E high-voltage electric propulsion system is the first fully industrialized powertrain solution designed specifically for marine applications. Through its Nautical Ventures retail and service network, Vision Marine operates one of Florida’s leading multi-brand dealership platforms, representing top recreational and water-sports brands across eight locations. Together, Vision Marine and Nautical Ventures form a connected marine ecosystem spanning technology, distribution, and after-sales services.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding anticipated operational savings, strategic consolidation, and growth outlook. Forward-looking statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Vision Marine undertakes no obligation to update these statements, except as required by law.

Investor Contact:
Bruce Nurse
Investor Relations
Vision Marine Technologies Inc.
bn@v-mti.com | (303) 919-2913

SOURCE: Vision Marine Technologies Inc

View the original press release on ACCESS Newswire

FORT LAUDERDALE, FL / ACCESS Newswire / September 29, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”), a company specializing in marine innovation across electric and internal combustion platforms, together with its Nautical Ventures division, announced today milestone activations for the 2025 Fort Lauderdale International Boat Show (FLIBS), including a VIP shuttle service operated with Vision Marine’s electric boats and a reimagined AquaZone™ developed in collaboration with AquaBanas and Informa Markets.

FLIBS owned by the Marine Industries Association of South Florida produced by Informa Markets, is the largest in-water boat show in the United States and one of the most prestigious marine events worldwide, attracting more than 100,000 visitors annually. With more than 450 exhibitions globally, Informa has built FLIBS into the premier stage for boating innovation.

This year’s AquaZone™ will debut in a brand-new floating island format, made possible through AquaBanas’ modular platform system. Presented as a show within the show, this year’s AquaZone™ is set to deliver the most immersive experience ever staged at FLIBS, combining live on-water demonstrations, direct consumer interaction, and hands-on access to innovative products in a dedicated destination at the docks.

The reimagined AquaZone™ will bring together:

• Vision Marine’s electric boat and technology portfolio.

• The newest lineup of EV toys and watersports products retailed by Nautical Ventures, reflecting the rollout of a dedicated electric division.

• A refreshed Nautical Ventures watersports and lifestyle offering, expanding its reach as a hub for marine innovation.

• Selected vendor and partner showcases, highlighting emerging marine technologies and new product debuts.

• Marine commodities, accessories, and lifestyle items curated to enhance the on-water experience.

For the first time, AquaZone™ will also introduce opportunities for attendees to purchase select boats and products directly on-site. This direct-to-consumer component supports Vision Marine’s retail adoption strategy and reinforces Nautical Ventures’ position as a distribution channel for electric propulsion and lifestyle marine products.

“By presenting the floating AquaZone™ at the docks of FLIBS and operating a VIP shuttle service powered by Vision Marine’s electric boats, we are expanding the way innovation is experienced at the show,” said Roger Moore, Founder of Nautical Ventures and Chief Revenue Officer. “This year’s AquaZone™ delivers the most immersive experience ever created at FLIBS, powered by Vision Marine’s electric lineup, AquaBanas’ floating island technology, and Nautical Ventures’ network of innovation.”

Informa Markets highlighted the significance of this year’s new format:
“FLIBS has always been the premier stage for boating innovation, and the AquaZone™ reflects our commitment to enhancing that experience,” said Andrew Doole, President of U.S. Boat Shows for Informa Markets. “By partnering with Nautical Ventures and AquaBanas, we are introducing a brand-new format that will engage consumers, dealers, and media in new ways.”

“The AquaZone™ demonstrates what is possible when Nautical Ventures’ disruptive marketing meets Vision Marine’s adoption platform and Informa’s global leadership,” added Alexandre Mongeon, CEO and co-founder of Vision Marine. “It is both a milestone for this year’s show and a foundation for the commercialization of the E-Motion™ platform as electric boating adoption continues to accelerate.”

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a disruptive marine company combining proprietary electric propulsion technology with multi-brand retail and service operations. The Company developed the world’s first industrialized high-voltage electric outboard powertrain, the E-Motion™ 180E, and has now achieved 24 integrations of this system across multiple recreational boat platforms. Vision Marine’s journey includes breaking the world electric speed record at 116 mph, operating a successful rental business in Newport Beach, California, and acquiring Nautical Ventures, one of the most recognized dealership networks in the United States. Today, Vision Marine delivers innovation both through its E-Motion™ propulsion technology and through the sale of premium electric and ICE boats via Nautical Ventures’ retail network.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are typically identified by words such as “anticipate,” “believe,” “expect,” “estimate,” “intend,” “project,” “forecast,” “plan,” “potential,” “may,” “should,” “will,” and similar expressions, or the negative of these terms or other comparable terminology. Forward-looking statements include, but are not limited to, statements regarding the Company’s business strategy, anticipated events at the Fort Lauderdale International Boat Show, commercialization plans, and market adoption. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Vision Marine disclaims any obligation to update forward-looking statements except as required by law.

Investor Relations Contact
Bruce Nurse
(303) 919-2913
bn@v-mti.com
https://investors.visionmarinetechnologies.com

SOURCE: Vision Marine Technologies Inc

View the original press release on ACCESS Newswire

MONTREAL, QC / ACCESS Newswire / September 26, 2025 / Vision Marine Technologies Inc. (“Vision Marine” or the “Company”) (NASDAQ:VMAR) a company specializing in premium marine experiences and innovative propulsion solutions, today announced the renewal of the Executive Employment Agreement with Alexandre Mongeon as Chief Executive Officer of the Company, effective immediately.

Mr. Mongeon co-founded Vision Marine Technologies and has been the driving force behind its evolution into North America’s first vertically integrated electric propulsion and multi-brand retail marine platform. Under his leadership, Vision Marine:

• Transitioned from boutique electric boat production to industrialized, high-voltage propulsion systems.

• Set the world electric boat speed record at 116 mph.

• Listed on Nasdaq under ticker VMAR.

• Expanded operations through durable electric rental businesses and strategically aligned government partnerships.

· Completed the acquisition of Nautical Ventures, awarded #1 Dealer in the Boating Industry Top 100 Awards in 2024, giving Vision Marine a nine-location retail and service footprint across Florida, the U.S. boating capital.

Alexandre Mongeon, CEO and Co-Founder of Vision Marine, stated: “Since our ground-up inception in 2013, Vision Marine has built a diversified platform: durable electric boat rental operations, strategically aligned government programs, and pioneering boat design. Today, we are entering a critical inflection point: accelerating a scalable, equity-focused growth engine by integrating our proprietary propulsion technology with Nautical Ventures’ expansive retail footprint. The renewal of my mandate underscores the Board’s unwavering confidence in our ability to translate this blueprint into measurable shareholder value-through disciplined capital allocation, accelerated cash flow generation, and clear milestones in market expansion, technology licensing, and fleet deployments. We are laser-focused on delivering superior risk-adjusted returns, broadening our investor base, and establishing Vision Marine as the leading, sustainable propulsion platform in global maritime markets.”

Executive Employment Agreement

In connection with the renewal of his appointment, the Company has entered into an Executive Employment Agreement with Mr. Mongeon that includes a bonus for the completion of the Nautical Ventures acquisition as well as Mr. Mongeon relocating to Florida to personally oversee the Company’s expanded operations. Such bonus is to be paid by the issuance of 285,000 common shares of the Company. Additionally, as a long term incentive to drive shareholder value, the employment agreement provides that he is eligible to receive cash bonuses of up to US$750,000 and up to 500,000 of the Company’s common shares, subject to the Company’s achievement of certain defined Target Market Cap amounts. The first of these Target Market Cap milestones is achieved at $US15 million or more, the second milestone is achieved at US$25 million or more, and the third milestone is achieved at US$35 million or more. Mr. Mongeon, being an insider of the Company, the issuance of the common shares constitutes a “related party transaction” for the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval under MI 61-101 as the fair market value of the common shares to be issued to Mr. Mongeon does not exceed more than 25% of the market capitalization of the Company, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101. The Executive Employment Agreement, the Restricted Share Unit Agreement and the issuance of common shares to Mr. Mongeon have been approved by the compensation committee of the Company, on which sits two independent directors of the Company. Furthermore, the issuance of the common shares to Mr. Mongeon remains subject to the disinterested shareholder approval.

The issuance of the bonus common shares issued to Mr. Mongeon upon the entry into his employment agreement are deemed restricted shares under U.S. Securities Laws and will be subject to the applicable holding period both in the United States and in Canada.

Restricted Share Unit Plan

The Board of Directors have also adopted a Restricted Share Unit Plan (the “RSU Plan”) to be available to all full-time employees and officers of the Company and its affiliates as well as to Directors of the Board of the Company and to Consultants of the Company and its affiliates. As currently drafted, unless the Company has received disinterested shareholder approval to do so, the RSU Plan provides certain limitations namely, (i) the maximum aggregate number of Common Shares that may be issued under the RSU Plan (or any other security-based compensation plans, including the Corporation’s stock option plan) shall be limited to the lesser of (a) 10% of the Corporation’s issued and outstanding Common Shares and (b) such number of Common Shares as, when combined with all other share compensation arrangements (including any RSUs) would not exceed 10% of the outstanding Common Shares and (ii) at no point in any twelve (12) month period, may the Corporation be permitted to deliver Common Shares to any one Participant exceeding 70% of the aggregate number of Common Shares available for issuance under the Plan.

In connection with the renewal of his appointment, the Company has entered into a Restricted Share Unit Agreement with Mr. Mongeon granting him a total of 500,000 Restricted Share Units which will vest if and when the various Target Market Cap Milestones (as set forth above) are met.

The Board of Directors believes this compensation structure aligns the long-term interests of management and shareholders and appropriately incentivizes milestones that are expected to materially enhance shareholder value. The Company will seek disinterested shareholder approval for relief of the restrictions set forth in the RSU Plan in order to exceed the thresholds set forth above.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. is a disruptive marine company offering premium boating experiences across both electric and internal combustion engine (ICE) segments. The Company designs, manufactures, and sells its flagship E-Motion™ 180E high-voltage electric outboard system-an industrialized, high-performance solution validated through multiple OEM integrations-while also providing consumers direct access to a wide portfolio of boats through its Nautical Ventures division. With established sales, service, and marina operations across Florida, Vision Marine delivers market-ready solutions to meet the evolving needs of recreational boaters and commercial operators.

For further information please contact:

Investor Relations
Bruce Nurse
Tel: (303) 919-2913
Email: bn@v-mti.com
Website: investors.visionmarinetechnologies.com

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Vision Marine disclaims any obligation to update forward-looking statements, except as required by law.

SOURCE: Vision Marine Technologies Inc.

View the original press release on ACCESS Newswire

BOISBRIAND, QC / ACCESS Newswire / September 26, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”) today announced an innovative and cooperative strategic non-binding initiative with Port de plaisance La Ronde to develop a technological and commercial hub dedicated to experience electric boating and activities on Île Sainte-Hélène, in the heart of Montreal and near Montréal-Trudeau International Airport.

The project calls for the creation of an electric boating hub, bringing together a sales and distribution center, a technical and commercial training platform, and an expertise center to foster the adoption of electric propulsion in the marine industry. The initiative envisions deployment on a site with exceptional visibility on the St. Lawrence River, strategically located and close to Montréal-Trudeau International Airport, benefiting from the visitor traffic of Montreal’s Old Port and the city’s major events.

“With this initiative, we reaffirm our commitment to strengthening our presence in Québec, where everything started and where our head office is located in Boisbriand. The Port de plaisance La Ronde marina offers us a unique showcase to present our technologies and reach both local and international audiences,” said Maxime Poudrier, Chief Operating Officer (COO) of Vision Marine Technologies.

Johanne Girouard, President, stated: “Our mission is to revitalize and energize boating in Montreal. Collaborating with Vision Marine, recognized for its innovation and expertise in electric propulsion, represents an ideal opportunity to highlight the potential of the Île Sainte-Hélène site and contribute to more sustainable boating.”

Michel Soucy, General Manager, added: “The marina is a strategic location, close to Montréal-Trudeau International Airport, to showcase Québec innovation and provide a unique platform for cutting-edge products, both for the local market and across Canada.”

Starting in 2026, the project anticipates the operation of tourist circuits using electric boats, as well as the development of corporate and event offerings. In the medium term, the goal is to establish Québec’s first dealership exclusively dedicated to electric boats and related products.

Advanced Technology and Local Commitment

Vision Marine is the developer of the E-Motion™ 180E, the first 180-horsepower high-voltage electric outboard certified in the marine industry, designed specifically for sustained marine performance. This innovation is already integrated into several boat manufacturer platforms and reflects the Company’s technology-driven approach.

Vision Marine also continues its commitment in Québec through an innovative and cooperative strategic initiative with Memphré Boat Racing, the student engineering team from the Université de Sherbrooke’s Faculty of Engineering. This initiative supports the team’s participation in the Monaco Energy Boat Challenge (MEBC), a leading international competition dedicated to sustainable marine innovation.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ: VMAR), based in Boisbriand, Québec, specializes in the design and commercialization of high-voltage electric marine propulsion systems. The Company developed the E-Motion™ 180E, a 180 HP electric outboard already integrated into multiple manufacturer platforms. Vision Marine combines technological innovation with distribution through its Nautical Ventures network in Florida, offering consumers and boat builders a high-performance, sustainable, and integration-ready boating experience.

About Port de plaisance La Ronde

Port de plaisance La Ronde, located on Île Sainte-Hélène in Montreal, is an iconic boating site on the St. Lawrence River. Since 2009, its management team has revitalized the marina, making it a recognized destination for boaters, events, and the promotion of accessible boating. Its strategic location, near Montreal’s Old Port, the La Ronde amusement park, and Montréal-Trudeau International Airport, makes it a unique anchor point for the development of innovative urban boating projects.

Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of applicable securities laws. These statements are based on management’s current expectations and assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. Vision Marine undertakes no obligation to update or revise any forward-looking statements, except as required by law.

Investor Contact

Bruce Nurse
Investor Relations
(303) 919-2913
bn@v-mti.com
https://investors.visionmarinetechnologies.com

SOURCE: Vision Marine Technologies Inc

View the original press release on ACCESS Newswire