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BRP Expands Presence in Palm Bay and Inaugurates New Design & Innovation Center

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BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has officially inaugurated its Design & Innovation Center in Palm Bay, Florida, as part of its ongoing expansion in the region. This center, dedicated to advanced concepts and designs for on-water products, aims to bring significant innovation to the marine industry. BRP has invested over $15 million in its Palm Bay facility, which includes enhanced Research & Development (R&D) capabilities and additional land for diverse testing environments.

The Palm Bay site, employing 60 people, focuses on engineering jet propulsion systems, powerpacks, calibration, and testing. It is one of BRP's three global Design Centers, alongside facilities in Valcourt, Québec, and Sophia Antipolis, France. The Palm Bay team has designed notable products such as the Manitou Cruise and Explore pontoons, Alumacraft Trophy and Competitor aluminum boats, and the Quintrex Freestyler boat.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) ha inaugurato ufficialmente il suo Centro di Design e Innovazione a Palm Bay, Florida, come parte della sua continua espansione nella regione. Questo centro, dedicato a concetti e design avanzati per prodotti acquatici, ha l'obiettivo di portare innovazione significativa nell'industria marina. BRP ha investito oltre 15 milioni di dollari nella sua struttura di Palm Bay, che include capacità migliorate di Ricerca e Sviluppo (R&D) e ulteriori terreni per diversi ambienti di testing.

Il sito di Palm Bay, che impiega 60 persone, si concentra sulla progettazione di sistemi di propulsione a getto, powerpacks, calibrazione e testing. È uno dei tre centri di design globali di BRP, insieme alle strutture di Valcourt, Québec, e Sophia Antipolis, Francia. Il team di Palm Bay ha progettato prodotti notevoli come i pontoni Manitou Cruise e Explore, le barche in alluminio Alumacraft Trophy e Competitor, e la barca Quintrex Freestyler.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) ha inaugurado oficialmente su Centro de Diseño e Innovación en Palm Bay, Florida, como parte de su continua expansión en la región. Este centro, dedicado a conceptos y diseños avanzados para productos acuáticos, tiene como objetivo aportar una innovación significativa a la industria marina. BRP ha invertido más de 15 millones de dólares en sus instalaciones de Palm Bay, que incluyen capacidades mejoradas de Investigación y Desarrollo (I+D) y terrenos adicionales para diversos entornos de prueba.

El sitio de Palm Bay, que emplea a 60 personas, se centra en la ingeniería de sistemas de propulsión a chorro, powerpacks, calibración y pruebas. Es uno de los tres Centros de Diseño globales de BRP, junto con las instalaciones en Valcourt, Quebec, y Sophia Antipolis, Francia. El equipo de Palm Bay ha diseñado productos notables como los pontones Manitou Cruise y Explore, las embarcaciones de aluminio Alumacraft Trophy y Competitor, y la embarcación Quintrex Freestyler.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO)는 플로리다주 팜 베이에 디자인 및 혁신 센터를 공식 개소하였으며, 이는 이 지역의 지속적인 확장의 일환입니다. 이 센터는 수상 제품을 위한 고급 개념과 디자인에 전념하여 해양 산업에 상당한 혁신을 가져올 것을 목표로 하고 있습니다. BRP는 팜 베이 시설에 1500만 달러 이상을 투자하였으며, 여기에는 향상된 연구 및 개발(R&D) 능력과 다양한 테스트 환경을 위한 추가 토지가 포함되어 있습니다.

팜 베이 사이트는 60명이 근무하며, 제트 추진 시스템, 파워팩, 보정 및 테스트 엔지니어링에 중점을 둡니다. 이는 BRP의 세 개의 글로벌 디자인 센터 중 하나로, 퀘벡주 발코트 및 프랑스 소피아 앤티폴리스에 있는 시설과 함께합니다. 팜 베이 팀은 마니투 크루즈 및 익스플로어 펀토온, 알루마크래프트 트로피 및 컴페티터 알루미늄 보트, 그리고 퀸트렉스 프리스타일러 보트와 같은 주목할 만한 제품을 설계하였습니다.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) a officiellement inauguré son Centre de Design et d'Innovation à Palm Bay, Floride, dans le cadre de son expansion continue dans la région. Ce centre, dédié à des concepts et designs avancés pour des produits nautiques, vise à apporter une innovation significative à l'industrie maritime. BRP a investi plus de 15 millions de dollars dans son installation de Palm Bay, qui comprend des capacités de recherche et développement (R&D) améliorées et des terrains supplémentaires pour divers environnements de test.

Le site de Palm Bay, qui emploie 60 personnes, se concentre sur l'ingénierie des systèmes de propulsion à jet, des powerpacks, de la calibration et des tests. C'est l'un des trois centres de design globaux de BRP, aux côtés des installations à Valcourt, Québec, et à Sophia Antipolis, France. L'équipe de Palm Bay a conçu des produits notables tels que les pontons Manitou Cruise et Explore, les bateaux en aluminium Alumacraft Trophy et Competitor, et le bateau Quintrex Freestyler.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) hat offiziell sein Design- und Innovationszentrum in Palm Bay, Florida, eingeweiht, im Rahmen seiner fortlaufenden Expansion in der Region. Dieses Zentrum, das sich fortschrittlichen Konzepten und Designs für Wasserprodukte widmet, zielt darauf ab, bedeutende Innovationen in die maritime Industrie zu bringen. BRP hat über 15 Millionen Dollar in seine Einrichtung in Palm Bay investiert, die verbesserte Forschungs- und Entwicklungskapazitäten (F&E) sowie zusätzliches Land für verschiedene Testumgebungen umfasst.

Der Standort Palm Bay, der 60 Mitarbeiter beschäftigt, konzentriert sich auf die Entwicklung von Jet-Antriebssystemen, Powerpacks, Kalibrierung und Tests. Es ist eines von BRPs drei globalen Designzentren, neben den Einrichtungen in Valcourt, Québec und Sophia Antipolis, Frankreich. Das Team in Palm Bay hat bemerkenswerte Produkte wie die Manitou Cruise und Explore Pontons, die Alumacraft Trophy und Competitor Aluminiumboote sowie das Quintrex Freestyler Boot entworfen.

Positive
  • Inauguration of new Design & Innovation Center in Palm Bay, Florida
  • Investment of over $15 million in Palm Bay facility
  • Expansion of R&D and testing capabilities
  • Creation of 60 jobs in Palm Bay
  • Global collaboration network with design centers in Canada and France
Negative
  • None.

Insights

BRP's expansion in Palm Bay with a new Design & Innovation Center marks a strategic move to strengthen its marine product line. The $15 million investment underscores the company's commitment to innovation in the powersports and marine sectors. This development could potentially enhance BRP's competitive edge in the marine industry, which has been seeing steady growth.

The Center's focus on advanced concepts and designs for on-water products suggests BRP is positioning itself to capitalize on emerging trends in marine recreation. The synergy between design and R&D teams in this location could accelerate product development cycles, potentially leading to faster market responses and increased market share in the long term.

While the immediate financial impact of this expansion isn't quantified, the long-term implications for BRP's growth strategy are significant. The investment in R&D and design capabilities could drive future revenue growth through innovative product offerings. However, investors should note that R&D investments typically have a delayed return on investment.

The expansion also diversifies BRP's geographical footprint, potentially reducing operational risks. The collaboration between global design centers could lead to cost efficiencies and improved product development. Investors should monitor future earnings reports for indications of how this investment translates into revenue growth and market share gains in the marine segment.

BRP's focus on jet propulsion systems and powerpacks at the Palm Bay facility signals a push towards technological advancement in marine propulsion. This could lead to more efficient, powerful, or eco-friendly watercraft designs. The emphasis on calibration and testing for performance and durability suggests a commitment to product quality and reliability.

The integration of design and R&D under one roof could accelerate the prototyping and testing phases of new technologies. This setup, combined with the global network of innovation centers, positions BRP to potentially lead in marine tech innovation. Keep an eye on any patents or new tech announcements from BRP in the coming years as indicators of the center's success.

BRP Expands Presence in Palm Bay and Inaugurates New Design & Innovation Center. (CNW Group/BRP Inc.)

PALM BAY, Fla, Sept. 20, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO), a global leader in powersports and marine products, is proud to announce the official inauguration of its Design & Innovation Center in Palm Bay, Florida, as part of its on-going expansion in the region. This cutting-edge Center, dedicated to advanced concepts and designs for on-water products, should bring significant innovation to the marine industry.

Over the past few years, BRP has also invested in its Research & Development (R&D) and testing facilities in Palm Bay, including the acquisition of additional land that offers access to diverse playgrounds. Today, with the establishment of its Design & Innovation Center and the enhancement of its R&D capabilities, BRP is establishing itself as a key player in the Palm Bay community, contributing to the economic and social fabric of the region.

"At BRP, innovation runs deep in our DNA and we are passionate about delivering outstanding riding experiences to our customers all over the world," said José Boisjoli, President and CEO of BRP. "Our Palm Bay site plays a pivotal role in our innovation journey and this is why, over the last few years, we have invested more than 15 million US $ in this facility."

"One of our greatest strengths as a company is the profound collaboration that exists between the design team, and the engineering and product teams. The Palm Bay site is the perfect illustration of this synergy," said Denys Lapointe, Chief Design Officer of BRP. "By combining design and advanced concepts with R&D, we are able to explore new possibilities and create products that offer unique, innovative and exciting adventures for our riders."

Palm Bay, a multi-generational and family-oriented community close to the ocean offers the perfect playground for BRP's 60 employees to create and design marine products as well as push the boundaries of technology for both on-water and powersports products. This unique location enables the teams to stay on top of trends and identify emerging consumer needs and desires, as well as test products on the right playgrounds

Global Network of Innovation

On a global scale, BRP continually invests in research and development to build on its culture of innovation. With the resources of its state-of-the-art facilities around the world, the Company is committed to maintaining its leadership position in its industries. In Palm Bay, the R&D team focuses on the engineering of jet propulsion systems and powerpacks as well as calibration and testing to demonstrate product performance and durability.

The Palm Bay Design & Innovation Center is one of BRP's three Design Centers worldwide. It acts as an extension of the Laurent Beaudoin Design and Innovation Centre in Valcourt, Québec—the largest design center in Canada—where the team creates designs for all of BRP's existing product lines and explores advanced vehicle concepts. The third center, located in Sophia Antipolis in the south of France and inaugurated in 2023, focuses on advanced concepts for sustainable urban mobility.

The Palm Bay design team collaborates closely with its counterparts in Canada and Europe, leveraging BRP's global footprint to share advanced concepts and ideas from around the world, catering to consumers across diverse markets and geographies.

Among the notable products designed by the Palm Bay team are the all-new Manitou Cruise and Explore pontoons, the Alumacraft Trophy and Competitor aluminum boats, and the Quintrex Freestyler boat.

About BRP
BRP Inc. is a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The Company completes its lines of products with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Committed to growing responsibly, BRP is developing electric models for its existing product lines and exploring new low voltage and human assisted product categories. Headquartered in Quebec, Canada, BRP has annual sales of CA$10.4 billion from over 130 countries and a global workforce of close to 20,000 driven, resourceful people.

www.brp.com
@BRPNews

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

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SOURCE BRP Inc.

FAQ

What is BRP's new facility in Palm Bay, Florida?

BRP has inaugurated a new Design & Innovation Center in Palm Bay, Florida, dedicated to advanced concepts and designs for on-water products.

How much has BRP invested in its Palm Bay facility?

BRP has invested over $15 million in its Palm Bay facility, which includes the new Design & Innovation Center and enhanced R&D capabilities.

What products has the Palm Bay design team created for BRP (DOOO)?

The Palm Bay team has designed products such as the Manitou Cruise and Explore pontoons, Alumacraft Trophy and Competitor aluminum boats, and the Quintrex Freestyler boat.

How many employees does BRP have at its Palm Bay site?

BRP employs 60 people at its Palm Bay site, focusing on creating and designing marine products and pushing technology boundaries for on-water and powersports products.

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