Vision Marine Technologies Inc. Signs Global Exclusive Supply Agreement With STERK for Electric Boats
Vision Marine Technologies (NASDAQ:VMAR) has signed a three-year exclusive supply agreement with MS Marine GmbH (STERK), positioning VMAR as the sole provider of electric propulsion systems for STERK boats. The agreement includes exclusive global distribution rights for electric-powered Sterk vessels equipped with Vision Marine's systems.
Under the partnership, Vision Marine will integrate its E-Motion™ 180E electric propulsion system into STERK boats, which will be assembled in Germany using Vision Marine's battery packs. The collaboration strengthens VMAR's European presence while enabling expansion into the North American market.
The agreement includes quality assurance measures, with Vision Marine working to certify boats equipped with the E-Motion™ 180E system to meet CE, USCG, ABYC, and NMMA standards. Additionally, Vision Marine will provide technical training to STERK's workforce for optimal integration and support.
Vision Marine Technologies (NASDAQ:VMAR) ha firmato un accordo di fornitura esclusiva di tre anni con MS Marine GmbH (STERK), posizionando VMAR come unico fornitore di sistemi di propulsione elettrica per le imbarcazioni STERK. L'accordo include diritti di distribuzione globale esclusivi per le imbarcazioni Sterk a propulsione elettrica equipaggiate con i sistemi di Vision Marine.
Nel quadro della partnership, Vision Marine integrerà il proprio sistema di propulsione elettrica E-Motion™ 180E nelle imbarcazioni STERK, che saranno assemblate in Germania utilizzando i pacchi batteria di Vision Marine. La collaborazione rafforza la presenza di VMAR in Europa, consentendo al contempo un'espansione nel mercato nordamericano.
L'accordo include misure di garanzia della qualità, con Vision Marine che lavora per certificare le imbarcazioni equipaggiate con il sistema E-Motion™ 180E in conformità agli standard CE, USCG, ABYC e NMMA. Inoltre, Vision Marine fornirà formazione tecnica al personale di STERK per un'integrazione e un supporto ottimali.
Vision Marine Technologies (NASDAQ:VMAR) ha firmado un acuerdo exclusivo de suministro por tres años con MS Marine GmbH (STERK), posicionando a VMAR como el único proveedor de sistemas de propulsión eléctrica para los barcos STERK. El acuerdo incluye derechos de distribución global exclusivos para las embarcaciones Sterk propulsadas eléctricamente equipadas con los sistemas de Vision Marine.
En el marco de la asociación, Vision Marine integrará su sistema de propulsión eléctrica E-Motion™ 180E en los barcos STERK, que se ensamblarán en Alemania utilizando los paquetes de baterías de Vision Marine. La colaboración fortalece la presencia de VMAR en Europa, al tiempo que permite la expansión en el mercado norteamericano.
El acuerdo incluye medidas de garantía de calidad, con Vision Marine trabajando para certificar los barcos equipados con el sistema E-Motion™ 180E para cumplir con los estándares CE, USCG, ABYC y NMMA. Además, Vision Marine proporcionará capacitación técnica a la fuerza laboral de STERK para una integración y soporte óptimos.
비전 마린 테크놀로지스 (NASDAQ:VMAR)는 MS Marine GmbH (STERK)와 3년간의 독점 공급 계약을 체결하여 VMAR를 STERK 보트의 전기 추진 시스템의 유일한 공급자로 위치시켰습니다. 이 계약에는 비전 마린의 시스템이 장착된 전기 추진 Sterk 선박에 대한 독점적인 글로벌 배급 권리가 포함됩니다.
파트너십에 따라 비전 마린은 STERK 보트에 E-Motion™ 180E 전기 추진 시스템을 통합할 예정이며, 이 보트는 비전 마린의 배터리 팩을 사용하여 독일에서 조립됩니다. 이 협력은 VMAR의 유럽 내 존재감을 강화하며 북미 시장으로의 확장을 가능하게 합니다.
계약에는 품질 보증 조치가 포함되어 있으며, 비전 마린은 E-Motion™ 180E 시스템이 장착된 보트가 CE, USCG, ABYC 및 NMMA 기준을 충족하도록 인증하는 작업을 진행합니다. 또한 비전 마린은 최적의 통합 및 지원을 위해 STERK의 인력에게 기술 교육을 제공합니다.
Vision Marine Technologies (NASDAQ:VMAR) a signé un contrat d'approvisionnement exclusif de trois ans avec MS Marine GmbH (STERK), positionnant VMAR comme le seul fournisseur de systèmes de propulsion électrique pour les bateaux STERK. L'accord comprend des droits de distribution mondiale exclusifs pour les navires Sterk propulsés par électricité équipés des systèmes de Vision Marine.
Dans le cadre de ce partenariat, Vision Marine intégrera son système de propulsion électrique E-Motion™ 180E dans les bateaux STERK, qui seront assemblés en Allemagne en utilisant les packs de batteries de Vision Marine. Cette collaboration renforce la présence de VMAR en Europe tout en permettant une expansion sur le marché nord-américain.
Le contrat comprend des mesures d'assurance qualité, Vision Marine travaillant à certifier les bateaux équipés du système E-Motion™ 180E pour répondre aux normes CE, USCG, ABYC et NMMA. De plus, Vision Marine fournira une formation technique au personnel de STERK pour une intégration et un soutien optimaux.
Vision Marine Technologies (NASDAQ:VMAR) hat einen dreijährigen exklusiven Liefervertrag mit MS Marine GmbH (STERK) unterzeichnet, wodurch VMAR als alleiniger Anbieter von elektrischen Antriebssystemen für STERK-Boote positioniert wird. Der Vertrag umfasst exklusive globale Vertriebsrechte für elektrisch betriebene Sterk-Schiffe, die mit Vision Marines Systemen ausgestattet sind.
Im Rahmen der Partnerschaft wird Vision Marine sein E-Motion™ 180E elektrisches Antriebssystem in STERK-Boote integrieren, die in Deutschland unter Verwendung der Batteriepacks von Vision Marine montiert werden. Die Zusammenarbeit stärkt die europäische Präsenz von VMAR und ermöglicht gleichzeitig eine Expansion in den nordamerikanischen Markt.
Der Vertrag umfasst Maßnahmen zur Qualitätssicherung, wobei Vision Marine daran arbeitet, die mit dem E-Motion™ 180E System ausgestatteten Boote nach CE-, USCG-, ABYC- und NMMA-Standards zu zertifizieren. Darüber hinaus wird Vision Marine technische Schulungen für die Mitarbeiter von STERK anbieten, um eine optimale Integration und Unterstützung zu gewährleisten.
- Exclusive 3-year supply agreement securing sole provider status
- Global distribution rights for electric-powered STERK vessels
- European market expansion through German manufacturing
- Access to North American market for STERK electric boats
- Additional models subject to future mutual agreement
- Success dependent on market adoption of electric boats
- Requires investment in certification and training processes
Insights
Vision Marine's exclusive three-year supply agreement with German boat manufacturer STERK represents a strategic market expansion opportunity that could significantly impact VMAR's growth trajectory. This deal gives Vision Marine both manufacturing integration rights and exclusive global distribution rights for electric STERK vessels powered by VMAR's E-Motion 180E system.
From a financial perspective, this agreement creates a dual revenue stream potential for Vision Marine: component sales (propulsion systems and battery packs) plus distribution margins on complete boats. For a micro-cap company with a
The European marine market presents a particularly attractive opportunity due to stricter environmental regulations and higher adoption rates for electric transportation. By manufacturing battery packs in Germany, Vision Marine strategically positions itself to benefit from EU incentives for local production while reducing shipping costs and tariff exposure.
While the agreement represents positive momentum, investors should note several key considerations:
- No financial terms or minimum order quantities were disclosed, making revenue projections speculative
- Production scaling and certification processes could delay meaningful revenue contribution
- Cash flow implications remain unclear, particularly regarding working capital requirements for increased production
This partnership aligns with the accelerating regulatory push toward marine electrification, particularly in European waters where combustion engine restrictions are increasing. As the exclusive global distributor for electric STERK vessels, Vision Marine gains a turnkey entry into multiple markets without building its own dealer network - a potential force multiplier for its resources.
This exclusive partnership between Vision Marine and STERK represents a strategic manufacturing alignment that addresses several critical challenges in electric boat production. By establishing STERK's German facilities as the assembly point for Vision Marine's technology, the companies create an efficient integration model that bypasses the significant barriers typically facing electric marine propulsion adoption.
From a manufacturing perspective, the arrangement leverages complementary expertise: Vision Marine contributes specialized electric propulsion technology while STERK provides established boat design and production capabilities. This integration-focused approach is particularly significant as it solves one of the industry's persistent challenges - the complex retrofitting of electric systems into hulls designed for combustion engines.
The certification commitment across multiple standards (CE, USCG, ABYC, and NMMA) represents a substantial technical undertaking but creates significant market advantages. By proactively addressing these regulatory requirements, the partnership establishes a compliance foundation that many competitors struggle to achieve, particularly for cross-market distribution.
Several manufacturing considerations will determine the partnership's success:
- Supply chain resilience for specialized components like high-capacity marine batteries and controllers
- Production scaling capacity as demand increases
- Quality control consistency across international operations
- Technical knowledge transfer effectiveness between engineering teams
The arrangement's structure - combining Vision Marine's propulsion expertise with STERK's established boat manufacturing - creates a more streamlined path to market than either company developing full vertical integration independently. This model could prove particularly efficient for addressing the European market, where fragmented regulatory environments have historically complicated electric boat adoption.
MONTRÉAL, QUEBEC / ACCESS Newswire / February 27, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, proudly announces the signing of a three-year exclusive supply agreement with MS Marine GmbH ("STERK"). This agreement positions Vision Marine as the sole provider of electric propulsion systems for STERK boats and grants Vision Marine the exclusive global distribution rights for electric-powered Sterk vessels with Vision Marine electric propulsion systems.
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Under the agreement, Vision Marine may exclusively integrate its E-Motion™ 180E electric propulsion system into certain STERK boats, facilitating a seamless and high-performance electric boating experience. This collaboration marks a significant milestone in Vision Marine's European expansion strategy, as STERK boats are to be assembled in Germany using Vision's Marine's battery packs.
Exclusive Distribution and Market Growth
Through this agreement, Vision Marine gains the exclusive right to sell electric-powered STERK boats worldwide, allowing the company to introduce these vessels to the North American market while solidifying its foothold in Europe. This agreement represents the first step in what we believe will be a long-term collaboration, with additional models potentially being added in the future, subject to mutual agreement.
We believe the market for electric boating is experiencing rapid growth, driven by increasing consumer demand and regulatory shifts favoring sustainable solutions, as supported by market research. Vision Marine intends to meet these demands through its commitment to deliver industry-leading electric propulsion technology in collaboration with established boatbuilders like STERK.
Quality Assurance, Certification, and Training
As part of the agreement, Vision Marine will work with STERK to certify boats equipped with the E-Motion™ 180E system to meet CE, USCG, ABYC, and NMMA standards. Vision Marine will also provide technical training to STERK's workforce, ensuring optimal integration, rigging, and customer support for electric-powered boats.
"This Agreement helps cement Vision Marine's role as a driving force in electric marine propulsion," said Alexandre Mongeon, co-founder and CEO of Vision Marine Technologies. "By partnering with STERK, we are facilitating the integration of our E-Motion™ 180E system into a premium platform, creating a scalable pathway for widespread distribution of electric boats. This collaboration strengthens our European presence, and I believe it will pave the way for future expansion.
"At STERK, we are always striving to push the boundaries of innovation and performance," said Milan Sterk, Managing Partner of MS Marine. "By working with Vision Marine, we are taking a major step toward integrating high-performance electric propulsion into our boats. I am truly enthusiastic about making STERK Yachts electric and reducing our ecological footprint, while still delivering the exhilarating experience that defines our super sport boats. This Agreement marks the beginning of an exciting journey to provide our customers with cutting-edge, sustainable boating solutions."
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ:VMAR) is a pioneer in electric marine propulsion, dedicated to delivering high-performance, sustainable solutions for the recreational boating industry. The Company's flagship E-Motion™ electric marine powertrain is the first fully industrialized, high-voltage electric propulsion system designed for widespread adoption. Vision Marine continues to push the boundaries of innovation, transforming the way boaters experience the water.
For more information, please visit www.visionmarinetechnologies.com.
About STERK Yachts
STERK Yachts is a premium European boat manufacturer known for blending modern design, high-performance engineering, and sustainable innovation. Based in Germany, STERK Yachts is dedicated to redefining the boating experience by integrating cutting-edge technology with meticulous craftsmanship. The company offers a range of high-quality, precision-built boats that cater to both luxury and performance-driven customers.
For more information, please visit www.sterkyachts.com.
Forward-Looking Statements
Certain statements in this press release, including, but not limited to, statements regarding the anticipated benefits of the exclusive supply agreement, market expansion, and future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions and subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Vision Marine disclaims any obligation to update these statements except as required by law. Actual results may differ materially from those expressed or implied. 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 Relations Contact:
Vision Marine Technologies Inc.
Bruce Nurse - Investor Relations
bn@v-mti.com
(303) 919-2193
STERK Yachts
info@sterkyachts.com
+49 123 456789
SOURCE: Vision Marine Technologies Inc
View the original press release on ACCESS Newswire
FAQ
What are the key terms of Vision Marine's exclusive agreement with STERK?
How will STERK boats integrate Vision Marine's E-Motion 180E system?
What certifications will the VMAR-powered STERK boats receive?
How does this agreement expand Vision Marine's market presence?
