Vision Marine Technologies Marks a Strategic Milestone with Neogy Startek's Advanced Lithium Battery Production Facility Completion - Seite 2

Alexandre Mongeon, CEO of Vision Marine, added: "Achieving leadership in electric leisure boating requires partnering with the best. Neogy's technological leadership and production excellence make them an ideal partner for us, ensuring the success of our projects from the outset."

Vision Marine continues to pioneer advancements in electric marine propulsion, and the completion of its partners cutting end infrastructures is another step in providing reliably high-performance electric boating experiences for customers worldwide.

Vision Marine Refocuses on E-Motion Electric Powertrain Development

As Vision Marine continues to pioneer in the electric marine propulsion sector, the company is refocusing its efforts on advancing the E-Motion electric powertrain technology. This strategic shift is marked by the pending sale of its electric boat rental operations in Newport Beach. The company plans to maintain its electric boat rental operations at its Ventura, CA and Palm Beach, FL locations.This transaction, which is expected to close next month, will secure a fresh stream of operating funds dedicated to further technological development and production but also aligns with Vision Marine's long-term strategy to enhance its core technology production capabilities. We have not entered into a binding agreement for this sale, and there is no guarantee that the sale will occur.

Acknowledgment of Mario Saucier's Contributions

Vision Marine extends its deepest gratitude to Mario Saucier for his unwavering dedication and service as a departing board member. Mr. Saucier's strategic insights have been instrumental in the company's achievements as part of multiple committees. The entire Vision Marine team appreciates his valuable contributions and wishes him the utmost success in his future endeavors.

About Neogy

Neogy is an expert in the custom design and production of high-performance Li-ion batteries, ranging from 100 Wh to several MWh. The company covers a wide range of applications (agricultural robotics, marine, automotive, defense, electric mobility, etc.) and supports manufacturers and equipment suppliers from the beginning to the end of the project.

Neogy is part of the French industrial group STARTEC ENERGY, committed to energy transition, and capitalizes on the expertise of BMS POWERSAFE, its sister company specializing in the design and manufacture of battery management systems (BMS). As a leader in its field, BMS POWERSAFE complements Neogy's expertise, enabling it to design safe and high-performance battery packs. As a key French industrial player, Neogy's growth is now being speed up by the commissioning of its new 3,000 m2 factory, which will enable the mass production of its customers' batteries.