InvestorNewsBreaks – Vision Marine Technologies Inc. (NASDAQ: VMAR) Signs Purchase Order with Leading Boat Maintenance, Tracking Services Provider

January 28, 2021 1:40 PM EST

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Vision Marine Technologies (NASDAQ: VMAR), a leader in transforming the boating market by designing and manufacturing environmentally friendly electric boats and propulsion systems, has announced it has signed a purchase order with Boat Fix Inc., a leading boat maintenance and tracking services provider. Under the agreement, Vision will outfit its electric powerboat fleet with Boat Fix’s customized telematics devices as well as a monitoring software application and customer support and services. “In the realm of electric boat manufacturers, few companies offer the quality and performance of a Vision electric vessel,” Boat Fix Founder Alastair Crawford said in the press release. “One of the unique challenges of electric propulsion is that the charge remaining in the battery is dependent on speed and therefore, unlike a fuel gauge, it is hard to know how much range you have left. In addition to providing our standard vessel monitoring, we have created a solution that will make sure users have the runtime to get where they are going so they can enjoy the quiet and serenity of an electric boat.”

To view the full press release, visit https://ibn.fm/oBT5p

About Vision Marine Technologies Inc.

Vision Marine Technologies is committed to fighting the problem of waterway pollution by disrupting the boating industry through the introduction of the first fully electric 180hp integrated outboard powertrain system (“E-Motion”). E-Motion combines an advanced battery pack, inverter and high efficiency motor with proprietary union assembly between the transmission and the electric motor design and extensive control software. Its technologies used in this E-Motion powertrain system are designed to improve the efficiency of the outboard powertrain and, as a result, increase range and performance. Vision also continues to design, innovate, manufacture, and sell a broad variety of handcrafted, environmentally friendly, electric powerboats to the recreational consumer. The design and technology applied to its boats results in far greater and enhanced performance, higher speeds and longer range. Together, Vision’s electric powerboats and flagship E-motion propulsion system result in zero pollution, zero emission and a noiseless environment. Simply stated, a smoother and cleaner ride than traditional gasoline or diesel motorboats.  For more information about the company, please visit www.VisionMarineTechnologies.com.

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