Vision Marine Technologies Files Patent for Innovative High-Voltage Marine Battery Pack, Opening New Horizons for Electric Marine Market
Vision Marine Technologies (NASDAQ: VMAR) has filed a patent for a new high-voltage marine battery pack on May 15, 2024. This innovative battery, designed specifically for their E-Motion™ Marine Powertrain Technology, promises enhanced performance, security, and ease of installation. Developed over five years, the battery uses advanced NMC cells and a sophisticated battery management system to meet the rigorous demands of electric boating. The waterproof design, inspired by traditional gas tanks, is suited for recreational boats and aims to accelerate electric powerboat adoption. The patent could significantly bolster Vision Marine's market position by controlling manufacturing processes and increasing revenue through OEM sales.
- Patent filing for a new high-voltage marine battery pack on May 15, 2024.
- Enhanced performance, security, and ease of installation designed for electric boating.
- Development over five years with advanced NMC cells and sophisticated battery management system.
- Waterproof design with high-placed connectors for ergonomic installation.
- Potential to accelerate wider electric powerboat adoption.
- Increased revenue opportunities through OEM sales.
- Control over the manufacturing process with potential for production at various locations.
- No immediate revenue generation until the patent is granted and product is commercialized.
- Extended five-year development period indicates significant resource investment.
- Market adoption remains uncertain despite innovative features.
Insights
Vision Marine Technologies filing for a patent on a high-voltage marine battery pack is a significant step in the electric marine propulsion sector. This battery, designed with NMC (Nickel Manganese Cobalt) cells and a sophisticated battery management system (BMS), highlights Vision Marine's commitment to engineering excellence. The emphasis on high voltage delivery and electronic communications ensures robust and stable power for electric boats. Furthermore, the internal cooling system is important for maintaining optimal performance and safety, particularly in the harsh marine environment.
The IP67 waterproof rating and stainless-steel construction with high-placed connectors also demonstrate thoughtful design tailored for maritime conditions. These features enhance the battery's durability and ease of installation, making it an attractive option for both OEMs and end-users. Additionally, this bespoke solution's capability to be retrofitted into existing boats addresses a critical need in the market for retrofit solutions to convert traditional boats into electric ones.
The introduction of Vision Marine's new high-voltage marine battery pack is poised to drive substantial market interest. With a rigorous five-year development process, this product appears to be a well-thought-out solution tailored to meet the specific demands of recreational electric boating. The ability to sell this battery pack as a standalone product opens up multiple revenue streams for Vision Marine, especially as demand for eco-friendly marine propulsion grows.
The electric boating market is still in its nascent stage but is expected to grow rapidly as technology improves and regulatory pressures increase. Vision Marine’s innovative battery pack could potentially accelerate this transition, positioning the company as a leader in the sector. The patent filing also strengthens Vision Marine’s competitive edge by protecting its intellectual property, thereby securing its investment in R&D.
From a market perspective, the successful deployment of this battery technology could lead to partnerships with other OEMs, expanding Vision Marine’s market reach and brand recognition. The versatility of the battery pack, designed to fit boats ranging from 18-34 feet, means it caters to a broad segment of the recreational boating market, further enhancing its market potential.
MONTREAL, QC / ACCESSWIRE / May 22, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, proudly announces the filing of its fourth patent on May 15, 2024, for a dedicated high-voltage marine battery pack. This battery pack is a key element of the E-Motion™ Marine Powertrain Technology and will also be available as a standalone product for future recreational electric powerboats.
Over a rigorous five-year development period, Vision Marine meticulously tested and evaluated various batteries to power the E-Motion™ Electric Powertrain. Existing solutions fell short of the high standards for performance, security, and ease of installation required for a premier marine powertrain. Determined to address this gap, Vision Marine engineered a bespoke solution prioritizing security, performance, and user-friendly installation.
An Innovative High Voltage Battery Pack for the Marine Industry
The Vision Marine team created a state-of-the-art marine battery surpassing automotive standards, featuring NMC (1) cells and an advanced battery management system. This unique battery is designed to endure the critical challenges of electric boating, with high voltage delivery, sophisticated electronic communications, and internal cooling tailored for the E-Motion™ Technology.
"The architecture and design were made with no compromise to suit marine propulsion," said Xavier Montagne, Chief Technology Officer. "This battery pack sets the pace for innovation, delivering leading performance and efficiency at the convergence of power and security in the electric recreational boating industry. It also has the potential to accelerate wider electric powerboat adoption."
Designed with naval architects over four years, this pack's form factor, inspired by traditional gas tanks, facilitates installation in recreational boats ranging from 18-34 feet. Its IP67(2) waterproof stainless-steel construction, with high-placed connectors at the tail end, provides ergonomic installation and resistance to water exposure. The pack's versatile design includes multiple fixation points for dampers, enhancing vibration resistance throughout its lifetime.
Patenting Unique Innovative Solutions
"Securing the patent for the battery is essential. These packs are the cornerstone of efficiency on the water and can be sold to other OEMs and powertrain manufacturers at scale," said Alexandre Mongeon, CEO. "The battery packs will become a significant source of income as demand rises." If granted, this patent will reinforce Vision Marine's control over the manufacturing process for these batteries by owning the necessary tools, facilitating the company to produce them at any location of its choosing.
Continuing to mold the electric boating revolution, Vision Marine drives innovation and sustainability in the industry. As demand for environmentally friendly marine propulsion grows, Vision Marine believes its advancements will be shaping the future of boating.
(1) Nickel Manganese Cobalt
(2) Ingress Protection (IP) Testing: 6 - Protected Against Powerful Water Jets, 7 - Protected Against the Effects of Immersion
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. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially. 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.
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
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