Vision Marine Technologies Files 3rd Patent for Its Unique Power Control Management Software

Rhea-AI Summary

Vision Marine Technologies Inc. (NASDAQ: VMAR) announces the filing of its 3rd patent for the Control & Power Management Software integral to the E-Motion™ HV Electric Powertrain. The software enhances torque capabilities, optimizing performance, safety, and user experience in electric boating. Developed after five years of research, the software exemplifies Vision Marine's expertise in electric boating and commitment to innovation in the rapidly growing electric boating market.

Positive

• Vision Marine Technologies files a 3rd patent for its Control & Power Management Software integral to the E-Motion™ HV Electric Powertrain, showcasing the company's commitment to innovation in electric boating.

Negative

• The patent filing highlights the competitive nature of the electric boating market, indicating the necessity for Vision Marine Technologies to continuously innovate and protect its intellectual properties to maintain its edge.

Insights

Tech Industry Analyst

The filing of a third patent by Vision Marine Technologies for its Control & Power Management Software reflects a strategic move to consolidate its intellectual property in the burgeoning electric boating sector. The software's role in managing torque and adapting to various boating conditions is a technological differentiator. This could potentially elevate the company's standing in a niche yet growing market, as demand for environmentally responsible recreational options increases. As for the long-term implications, securing patents can be a harbinger for future revenue through licensing deals or creating barriers to entry for competition, thereby possibly increasing the company's market share. However, the true measure of success will be the software's performance in real-world conditions and its adoption by the market. Investors will likely view this development as a positive affirmation of the company's commitment to innovation but should remain conscious of the time it takes to translate patents into tangible financial gains.

Environmental Impact Analyst

Vision Marine Technologies' patent filing underscores not only the company's innovation trajectory but also its alignment with greater environmental stewardship in the marine industry. Their Control & Power Management Software is indicative of a broader trend toward sustainable recreational boating solutions. For investors, the environmental angle presents a dual opportunity: supporting a company that's contributing to the reduction of carbon emissions and tapping into a consumer base increasingly inclined toward eco-friendly products. However, it's essential to consider regulatory tailwinds or potential headwinds that could affect the adoption rate of such technologies. Prospective and current stakeholders should monitor legislative developments around emissions and marine conservation, as these can significantly influence the market dynamics for electric-powered boats.

Intellectual Property (IP) Strategy Expert

From an IP perspective, the filing of a third patent by Vision Marine Technologies can be seen as an effort to build a moat around its proprietary technology. By doing so, the company not only protects its R&D investments but can potentially limit competitive pressures, thus possibly yielding a higher valuation and increased investor confidence. The effectiveness of this strategy will depend on the patent's defensibility and the company's ability to enforce it. Investors interested in the company should watch future legal developments and the company's ability to sustain its IP advantage in the high-voltage electric powertrain space. It's important to recognize that while patents can provide a competitive edge, they also come with ongoing maintenance costs and legal expenses to uphold the patent rights.

MONTREAL, QC / ACCESSWIRE / May 7, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, is proud to announce the filing of a 3rd patent for its innovative Control & Power Management Software, integral to the E-Motion™ High-Voltage (HV) Electric Powertrain. This advanced software, in conjunction with the E-Motion™ multiple sensors, is pivotal in managing the electric boating experience, offering precision and control over the motor's impressive torque capabilities, which are crucial for optimizing performance, safety, and enjoyability for users.

The Power Control Management Software is engineered to leverage the full potential of the E-Motion™ HV electric motor while promoting a boating experience that is not only secure but also deeply enjoyable for its passengers. Vision Marine Technologies' designed software manages torque-a key feature of the electric powertrain-while also being designed to adapt and provide control across various other operational scenarios in various water conditions.

Vision Marine Technologies' 180E E-Motion™ High-Voltage Electric Powertrain System and its components.

"Our new Power Control Management Software represents a significant advancement in our technology suite," added Xavier Montagne, Chief Technology Officer at Vision Marine Technologies. "It not only addresses the immediate need for torque management, critical for safe and responsive boating, but is also scalable to include additional control features that cater to various boating situations. This adaptability is key for the user experience and safe boat handling in diverse conditions."

180E E-Motion™ Equipped Pontoon - Providing steady torque to quickly lift wakeboarders out of the water in the warm waters of the Intracoastal, Miami, US

This comprehensive approach to power management enables action from the helm to be met with an appropriate and immediate response from the powertrain, making every journey smoother and every maneuver more intuitive. Developed over five years of comprehensive research, including dyno-testing and sea trials, this software exemplifies Vision Marine's expertise in electric boating.

Center Console Boat Powered by the E-Motion™.

By filing this patent, Vision Marine Technologies emphasizes its commitment to innovation and the protection of its intellectual properties in the rapidly growing electric boating market. This strategic patent filing seeks to safeguard Vision Marine's developments in offering advanced, cutting-edge marine propulsion control technologies and also offers a key solution for the electric marine boating industry. "Securing this patent is essential for maintaining our competitive edge and putting forth our extensive expertise in marine propulsion products," said Alexandre Mongeon, CEO of Vision Marine Technologies. "The control of power management is a key challenge for a safe and enjoyable boating experience."

Vision Marine Technologies continues to lead the electric boating revolution, driving innovation and sustainability in the industry. As the demand for environmentally friendly marine propulsion grows, Vision Marine's advancements are key to shaping the future of boating. Investors recognizing the importance of these technologies stand to benefit from supporting Vision Marine as it paves the way for a more efficient, cleaner, and enjoyable boating experience for all.

About Vision Marine Technologies
Vision Marine Technologies, Inc. (NASDAQ:VMAR) epitomizes the marine industry's shift towards electric propulsion, offering the pioneering E-Motion™ outboard powertrain system. This innovative technology represents a significant leap forward in marine propulsion, combining advanced battery packs, inverters, and high-efficiency motors with proprietary software and assembly techniques. Vision Marine's commitment to eco-friendly electric powerboats is reshaping the recreational boating experience, offering higher speeds, longer ranges, and smoother rides than traditional internal combustion engine boats. With a focus on design, innovation, and craftsmanship, Vision Marine continues to redefine recreational boating for a more sustainable future.

Forward Looking Statement

This press release contains forward-looking statements within the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include predictions, expectations, estimates, and other information that might be considered as future events or trends, not relating to historical matters. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2023, and its periodic filings with the SEC provide a detailed discussion of these risks and uncertainties. Vision Marine does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Investor relations and Company Contact:

Bruce Nurse
303-919-2913
bn@v-mti.com

SOURCE: Vision Marine Technologies Inc

View the original press release on accesswire.com

FAQ

What is the significance of Vision Marine Technologies' 3rd patent filing?

The filing showcases the company's dedication to innovation in electric boating, specifically enhancing torque capabilities and optimizing performance, safety, and user experience in the electric boating industry.

Who is leading the development of the Control & Power Management Software at Vision Marine Technologies?

Xavier Montagne, the Chief Technology Officer at Vision Marine Technologies, is leading the development of the Power Control Management Software.

Why is securing the patent essential for Vision Marine Technologies?

Securing the patent is important for maintaining the company's competitive edge and demonstrating its expertise in marine propulsion products, ensuring a safe and enjoyable boating experience for users.

How does Vision Marine Technologies aim to shape the future of boating?

Vision Marine Technologies continues to lead the electric boating revolution by driving innovation and sustainability in the industry, offering advanced marine propulsion control technologies to meet the growing demand for environmentally friendly marine propulsion.