Vision Marine Technologies Announces Landmark Delivery of E-Motion Electric Powertrain to Groupe Beneteau Four Winns

MONTREAL, Oct. 04, 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 the delivery of its pioneering E-Motion Electric Powertrain Technology to Groupe Beneteau, Four Winns at their production facility in Michigan. These will be the inaugural electric motors integrated on the Four Winns H2e Bowrider. (https://www.fourwinns.com/intl/boat/h2e)

In a strategic move to underscore the dawn of a new era in eco-friendly marine transport, these boats will embark on a voyage to Europe, where they will be proudly showcased at the esteemed Dusseldorf boat show from January 20-28, 2024. The event, renowned for presenting breakthroughs in the boating world, will serve as the perfect platform to highlight the exceptional capabilities and innovations of the E-Motion powered boats.

Following this debut, The E-Motion 180E equipped boats will be delivered to their ultimate owner, marking a significant milestone – the first-ever electric boats coming off the Four Winns production line destined for consumer ownership.

Alexandre Mongeon, CEO of Vision Marine, expressed his excitement, stating, "The pioneering efforts of Groupe Beneteau and their dedicated production team, in crafting a specialized assembly line for electric boats, not only sets the course for the future; but also fortifies Four Winns with a distinct advantage against any subsequent boat manufacturer venturing into electrification."

Marrying design with sustainability, the Four Winns H2e is not just a boat; it's a testament to the future of eco-conscious boating without compromising performance. The E-Motion powertrain ensures whisper-quiet operations, zero-emissions, unparalleled efficiency and therefore establishes a new experience in boating.

Xavier Montagne, Chief Technical Officer of Vision Marine, commented, "We are elated to see Groupe Beneteau extend boats to the European markets and provide a window to our marine electric propulsion system. We believe the H2E platform is ideal for showcasing the versatility and strength of our system on manufacturers' boats to fellow European boating enthusiasts."

Erik Stromberg, Vice-President of Power & Motor Yacht Development of Groupe Beneteau, expressed his enthusiasm, stating, “Our partnership with Vision Marine represents a significant stride towards achieving a harmonious balance between unmatched performance and environmental stewardship. The debut of the Four Winns H2e Bowrider in Europe is a testament to our shared commitment to fostering a sustainable future for the marine industry.”