Vision Marine Technologies Files Patent Application for Proprietary Battery Encryption System
Rhea-AI Summary
Vision Marine Technologies (Nasdaq: VMAR) has filed a patent application for a new Battery Authentication Encryption Technology with the United States Patent and Trademark Office. The system is designed to integrate with the E-Motion™ Electric Powertrain, featuring a sophisticated Battery Management Controller (BMC) that authenticates proprietary components and prevents third-party substitutions.
The technology enables secure data collection and analysis of boaters' usage patterns, which can be used to optimize product performance and deliver customized solutions. According to CTO Xavier Montagne, this innovation represents several years of R&D effort to adapt high-voltage systems for nautical applications.
The system aims to enhance security in the digital marine era while providing valuable insights through data analysis. CEO Alexandre Mongeon emphasized that this data-driven approach improves products and services while demonstrating the business's scalability and long-term value for investors.
Positive
- Patent filing strengthens intellectual property protection for E-Motion™ Electric Powertrain
- Technology prevents unauthorized third-party component substitutions, protecting revenue streams
- Data collection capability enables product optimization and potential new revenue opportunities
Negative
- Patent pending status offers no immediate protection until granted
News Market Reaction 1 Alert
On the day this news was published, VMAR gained 46.43%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Safeguarding Advanced Powertrain Technology and Boaters' Data from Third-Party Substitution
MONTREAL, QC / ACCESSWIRE / January 14, 2025 / Vision Marine Technologies Inc. (the "Company," "Vision Marine," "we," "us," "our") (Nasdaq:VMAR) is pleased to announce the filing of its latest patent application with the United States Patent and Trademark Office for a groundbreaking Battery Authentication Encryption Technology. This system is designed to securely integrate proprietary components within the E-Motion™ Electric Powertrain, prevent third-party substitution, and gather valuable boaters' data, reinforcing the strategic value of Vision Marine's advanced technology.
"The importance of system security cannot be overstated as we transition into a digital marine era," said Xavier Montagne, Chief Technology Officer at Vision Marine. "This patent application is the result of several years of research and development to make high-voltage systems compatible with the nautical field. Our unique skills in electronics and embedded software and our long experience in electric propulsion have made it happen."
The technology employs a sophisticated Battery Management Controller (BMC) to authenticate components within the powertrain. This helps ensure that only Vision Marine's proprietary components function in harmony with the system, eliminating risks associated with third-party substitutions that could compromise performance or safety. Beyond enhancing the system's security, this innovation enables the collection and analysis of boaters' data, a critical component in driving superior system performance and customer satisfaction.
"Our investment in developing a robust data-driven system is now yielding significant benefits," said Alexandre Mongeon, CEO of Vision Marine Technologies. "By empowering Xavier Montagne and his team to focus on building this cutting-edge technology, we've created a platform that enhances system functionality while providing valuable insights through data analysis. This approach not only improves our products and services but also highlights the scalability and long-term value of our business for investors."
The data gathered from Vision Marine's proprietary system allows the Company to continually optimize product performance and deliver tailored solutions for boat Manufacturers and boaters. This data-rich foundation not only improves system reliability but also serves as a strategic asset that drives innovation, supports customer retention, and unlocks potential new revenue streams.
By preparing the technology behind this patent application, Vision Marine reaffirms its commitment to advancing electric propulsion technology while ensuring the integrity, exclusivity, and data-driven intelligence of its proprietary ecosystem.
About Vision Marine Technologies Inc.
Vision Marine Technologies, Inc. (NASDAQ: VMAR) is driving the shift to sustainable, electric-powered recreational boating with its E-Motion™ outboard powertrain system. Combining advanced battery technology, high-efficiency motors, proprietary software, and innovative assembly techniques, Vision Marine delivers efficient and high-performing solutions for the marine industry.
Forward-Looking Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially. For a detailed discussion of these risks, refer to Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2024, and other periodic filings with the SEC. Vision Marine does not undertake any obligation to update or revise forward-looking statements other than as required by law.
Investor and Company Contact:
Vision Marine Technologies
Bruce Nurse
(303) 919-2913
bn@v-mti.com
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
SOURCE: Vision Marine Technologies, Inc.
View the original press release on accesswire.com
FAQ
What is the purpose of VMAR's new Battery Authentication Encryption Technology?
How does VMAR's Battery Management Controller (BMC) protect the E-Motion powertrain?
What are the data collection capabilities of VMAR's new battery encryption system?
When did Vision Marine Technologies file the battery encryption patent application?
