Welcome to our dedicated page for Vision Marine Technologies news (Ticker: VMAR), a resource for investors and traders seeking the latest updates and insights on Vision Marine Technologies stock.
Vision Marine Technologies Inc (NASDAQ: VMAR) is a leader in electric marine propulsion systems, driving innovation in sustainable boating solutions. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find timely updates on earnings reports, product launches, and partnerships that shape VMAR's position in the marine technology sector. Our curated collection includes press releases related to the E-Motion™ powertrain advancements, sustainability initiatives, and market expansion efforts across North America and Europe.
Key content areas include technical innovations in zero-emission propulsion, regulatory milestones for marine transport, and operational updates from both sales and rental business segments. Bookmark this page to stay informed about Vision Marine's progress in transforming recreational boating through clean energy solutions.
Vision Marine Technologies (NASDAQ: VMAR) announced a share repurchase program, allowing for the buyback of up to 10% of its common shares. This decision reflects the company's belief that its shares offer unique value, especially amid the transition towards zero-carbon emission watercraft. Vision Marine emphasizes its role in the electric boating industry's evolution, as highlighted by General Motors' investment in electric boat startups. The buyback will be funded with working capital and is subject to market conditions and management's discretion.
Vision Marine Technologies (NASDAQ: VMAR) has appointed Xavier Montagne as Chief Operating Officer. Montagne, previously Chief Technology Officer, played a key role in developing the E-Motion 180e electric propulsion system. His collaboration with McLaren Engineering has enhanced Vision Marine's production capabilities for global OEMs. Patrick Bobby will lead a new Performance & Special Projects division. Vision Marine aims to disrupt the boating industry with its electric powertrain technology, promoting zero emissions and improved performance, as highlighted in their ongoing innovations.
Vision Marine Technologies, Inc. (NASDAQ: VMAR) will present at the Sidoti Fall Virtual Investor Conference from Dec. 8-9, 2021. The focus will be on the electric boating industry's future and the company's innovative E-Motion™ outboard powertrain technology, aimed at transforming the market with zero emissions. The presentation is scheduled for 1 p.m. EST on Dec. 9, featuring CFO Kulwant Sandher and Investor Relations Bruce Nurse. Registration is free at www.sidoti.com/events, and a live streaming link is available for attendees.
Vision Marine Technologies (NASDAQ: VMAR) announced participation in the Sidoti Fall Virtual Investor Conference on December 8-9, 2021. Kulwant Sandher, CFO, and Bruce Nurse, Investor Relations, will present and engage in one-on-one meetings with investors. The live presentation is scheduled for December 9 at 1 PM EST, accessible via a provided link. The company focuses on innovative electric power solutions for the boating industry, aiming to reduce waterway pollution with its flagship E-Motion™ outboard powertrain technology.
Vision Marine Technologies (NASDAQ: VMAR) has entered into a Manufacture and Supply Agreement with Linamar Corporation to upscale its E-Motion™ technology manufacturing. This partnership, leveraging Linamar's McLaren Engineering for mass production, aims to meet increasing demand from major OEMs for fully electric outboard motors. Vision Marine recently achieved a speed record and garnered interest at industry events, indicating strong market potential. The electric boat market is projected to grow from $4.6 billion in 2021 to over $9 billion by 2026.
Vision Marine Technologies (Nasdaq: VMAR) announced it will showcase its E-Motion™ 180hp fully electric powertrain on a Starcraft EX 22-foot pontoon boat at IBEX 2021 from September 28 to September 30 in Tampa, Florida. Pontoon boats comprise about 20% of the recreational boating market, with annual sales growing by 3% to 4%. Sea trials record a top speed of 36 mph, over 50% faster than average pontoon speeds. Vision Marine aims to lead in zero-emission boating, with its technology expected to enhance boating performance and environmental responsibility.
Vision Marine Technologies (Nasdaq: VMAR) will showcase its E-Motion™ electric outboard motor at the IBEX 2021 event from September 28 to 30 in Tampa, Florida. This event is North America’s largest technical trade exhibition for the leisure marine equipment industry. CEO Alexandre Mongeon highlighted the motor's implementation into third-party power boats, allowing global OEM leaders to experience its capabilities firsthand. Vision Marine’s technology emphasizes sustainability and efficiency, boasting a 100% reduction in fuel and a 90% decrease in maintenance costs compared to traditional internal combustion engines.
Vision Marine Technologies (Nasdaq: VMAR) recently showcased its groundbreaking E-Motion™ 180 hp electric outboard motor during the Lake of the Ozarks Shootout, where its Bruce22 electric boat achieved a record speed of 49 mph. This surpassed the previous record of 31 mph set in 2019, positioning Vision Marine as a leader in the electric boating industry. The company anticipates a significant market growth for electric outboard motors, projected to increase from US$4.5 billion in 2018 to US$12.3 billion by 2027.
Vision Marine Technologies (Nasdaq: VMAR) announces its participation in the Lake of the Ozarks Shootout, the largest unsanctioned boat race in the US, on August 28-29, 2021. The company will unveil its new Bruce 22 electric boat paired with the E-Motion™ outboard motor, aiming to break its previous speed record. CEO Alexandre Mongeon and CTO Xavier Montagne emphasize the potential of their electric technology amidst growing demand for eco-friendly boating solutions. The company's E-Motion™ technology promises superior power, speed, and efficiency while significantly reducing fuel and maintenance costs.
Vision Marine Technologies (Nasdaq: VMAR) partners with Shaun Torrente Racing to pilot a 32’ Super-Sport Catamaran equipped with the company's cutting-edge E-Motion™ powertrain. This collaboration aims to set a world speed record for electric boats. Shaun Torrente's extensive racing experience is expected to enhance the boat's design and performance. Vision Marine is dedicated to reducing waterway pollution with its electric powertrain technology, contributing to a more sustainable boating industry.
