Vision Marine Technologies & Groupe Beneteau to Spotlight the Revolutionary H2e at IBEX 2023

MONTREAL, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreational boating industry, is pleased to announce collaborative participation with Groupe Beneteau at the annual International Boatbuilders’ Exhibition & Conference (IBEX) in Tampa, Florida, from October 3-5, 2023.

Marking a year of strategic synergy, this partnership is a testament to the mutual commitment of both companies to innovate and redefine the boating industry, focusing on sustainability and performance. Vision Marine's E-Motion electric propulsion technology, known for its superior performance and zero emissions, is seamlessly integrated into the Four Winns H2e, underscoring Group Beneteau's commitment to environmental responsibility and technological advancement.

Alex Mongeon, CEO & founder of Vision Marine, commented, "Our continued collaboration with Groupe Beneteau is a significant step for our companies and the maritime industry. Together, we’re advancing the adoption of electric propulsion, and championing a new boating experience by providing a sustainable propulsion solution for our oceans and waterways."

Nick Harvey of Four Winns said, "Our ongoing commitment to innovation is crucial. The adoption of electric propulsion is a logical progression and contributes to Groupe Beneteau's ambition to reduce its CO2 emissions by 30% by 2030. Vision Marine is the ideal collaborator to help us complete this journey of transformation."

Boat manufacturers and attendees at IBEX will have the unique opportunity to witness the innovative outcomes of this partnership firsthand. The Four Winns H2e, outfitted with Vision Marine's groundbreaking electric propulsion system, will be exhibited and available for sea trials at Docks D26A and D26B, where two H2e Bowriders will be showcased. Inside the exhibition, Vision Marine will welcome attendees at booth 1-304.

For additional details, please visit: IBEX 2023 - Where Better Boats Begin

For more information or further inquiries, please contact Zach Crawford at [e-mail] or 1-613-307-1177.

This announcement not only highlights the progress made in a year of partnership but also embodies the shared vision of Vision Marine and Groupe Beneteau to promote sustainability and ingenuity in the boating industry.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (Nasdaq: VMAR), strives to be a guiding force for change and an ongoing driving factor in fighting the problems associated with waterway pollution by disrupting the traditional boating industry with electric power, in turn directly contributing to zero pollution, zero emission and a noiseless environment. Our Flagship E-Motion 180E electric marine powertrain is the first fully electric purpose-built outboard powertrain system that combines an advanced battery pack, inverter, and high efficiency motor with proprietary union assembly between the transmission and the electric motor design utilizing extensive control software. Our E-Motion and related technologies used in this powertrain system are uniquely designed to improve the efficiency of the outboard powertrain and, as a result, enhance both range and performance. Vision Marine continues to design, innovate, manufacture, and sell handcrafted, environmentally friendly, electric recreational boats to customers. The design and technology applied to our boats results in far greater enhanced performance in general, higher speeds, and longer range. Simply stated, a smoother ride than a traditional internal combustion engine (ICE) motorboat.