Vision Marine Technologies Marks a Strategic Milestone with Neogy Startek's Advanced Lithium Battery Production Facility Completion

MONTREAL, QC / ACCESSWIRE / April 3, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leader in electric marine propulsion, is thrilled to announce the commissioning of its partner Neogy, a subsidiary of Startek Energy Group, state-of-the-art lithium battery production facility in Pompignac, France. This pivotal development marks a significant milestone in the industrialization of high-tension battery packs designed specifically for Vision Marine's innovative electric boating solutions.

Foto: Accesswire

The new facility, equipped with cutting-edge technology and complying with Europe's most rigorous safety rules laid down in the relevant legislation, in particular ICPE 1510, is poised to provide a competitive advantage for Vision Marine in the rapidly growing electric boat market. It signifies a crucial step towards securing a consistent supply of superior-quality, high-voltage batteries, underlining Vision Marine's commitment to excellence and innovation in electric maritime leisure.

High voltage battery pack installation in the H2e

Foto: Accesswire

Xavier Montagne, CTO of Vision Marine, expressed his enthusiasm: "The use of HV batteries in the nautical industry demands a very high level of safety and mastery of the technology. It's not just a matter of designing the right battery but also of producing it! We immediately identified Neogy because of its mastery of the technology, but it was certainly their exemplary factory that convinced us."

François Enez, Sales Director at Neogy, highlighted the plant's achievements and future readiness:" We are proud to have achieved the same level of excellence in design and production. The new European standards for Li-ion batteries are due to come into force in 2026, with a genuine identity card to be introduced for each battery produced. This will enable the life of the battery and cells to be tracked from design to production. Not many manufacturers will be able to adapt to these new constraints, and we know that our industrial expertise will be a decisive asset."

Neogy has already entered the mass production phase for major customers in a wide range of fields, including agricultural robotics, electric mobility, and marine applications. This industrialization has been made possible by major investment in machinery, enabling the company to reach a production capacity of 500 MWh per year. The facility's strategic location near Bordeaux facilitates efficient battery distribution across Europe and North America, ensuring that Vision Marine and its clients benefit from rapid delivery and support services. This advantage is bolstered by the quick deployment capabilities of Neogy's support and engineering teams, thanks to the air hubs in Paris and Madrid.