Vision Marine Technologies Reached New Milestone Achieved in Meeting Future Evolving HV Electric Boating Industry Standards - Test Cell Results
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Insights
From an engineering perspective, the collaboration between Vision Marine and McLaren Engineering represents a significant step in electric marine propulsion. The development of a sophisticated test cell that can control critical parameters is a technological advancement. It's important to note the efficiency figures of 97% for the electric motor and 87% for the lower unit. These are impressive numbers, indicating a highly efficient transfer of power from the electric motor to the propeller, which is a key factor in the performance of electric boats.
The use of real-world conditions to measure the power output of the E-Motion™ 180E Electric Powertrain Systems is a commendable approach, as it provides more accurate and relevant data for consumers. This shift towards real-world metrics could influence consumer expectations and trust, potentially leading to an increase in market demand for electric boats. However, it's important to consider the scalability of this technology and whether it can be produced at a competitive price point in the market.
The announcement by Vision Marine is not only a technical achievement but also an environmental milestone. The adoption of electric propulsion systems in the marine industry is a response to growing environmental concerns and regulations aimed at reducing emissions and protecting aquatic ecosystems. Vision Marine's advancements in electric outboard propulsion could accelerate the transition from traditional gasoline-powered boats to cleaner electric alternatives.
However, it is essential to consider the source of the electricity used to power these systems. If the electricity comes from renewable sources, the environmental benefits are maximized. Otherwise, the overall ecological impact might be less significant. Additionally, the long-term effects on the marine industry's carbon footprint will depend on the rate of adoption and the lifecycle analysis of these electric powertrain systems, including battery production and disposal.
From a market standpoint, Vision Marine's breakthrough in electric outboard propulsion could potentially disrupt the recreational marine market. By setting new standards for power measurement and transparency, they are positioning themselves as a leader in a niche yet growing segment. The key to success will be how effectively they can commercialize their technology and the rate at which the market adopts electric propulsion systems.
Investors should observe the company's ability to scale production and maintain high efficiency in a cost-effective manner. Additionally, the reaction of existing industry players to this new benchmark will be telling. Should competitors follow suit, we could see an industry-wide shift towards more standardized and transparent power measurements, which could benefit the consumer and potentially lead to market growth.
MONTREAL, QC / ACCESSWIRE / April 9, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leader in electric marine propulsion, is proud to announce a groundbreaking achievement in electric outboard propulsion, in collaboration with McLaren Engineering, a division of Linamar Corporation. Aligning with the fast-evolving electric market and the upcoming SAE J1228 outboard compliance standard, Vision Marine has revolutionized the measurement of rated power output with its E-Motion™ 180E Electric Powertrain Systems.
To accurately gauge the performance and efficiency of high-voltage electric outboards, Vision Marine and McLaren Engineering have developed a sophisticated test cell. This state-of-the-art test bed is designed to meticulously control various critical parameters such as electrical tension, water and air temperature, water flow and drainage, and propeller resistance. This is designed to provide a comprehensive and precise assessment of the powertrain system under conditions that mimic real-world usage.
"We are excited for Vision Marine on the conclusion of this system validation test," said Kevin Ledford, Global Vice President of Engineered Products for Linamar. "Our McLaren Engineering division has built a global reputation in the mobility markets for developing advanced propulsion system solutions. We utilized that expertise in collaboration with Vision Marine on this project to study the durability of their E-Motion™ product. With the test now successfully completed, Vision Marine has come another step closer to industrialization of their technology for the recreational marine market."
Drawing inspiration from the electric car industry, Vision Marine has established a new benchmark for measuring the maximum continuous power of its outboards. Tested the actual power at the propeller after 30 minutes of operation represents the maximum continuous power output. This method not only measures the actual power delivered to the propeller (which exceeds with ease the 180E's 180 hp) but also demonstrates an impressive efficiency of the electric motor and lower unit -
"By adopting standards from the electric car industry and applying them to nautical electric propulsion, we are not only enhancing the transparency of our offerings but also showcasing the true power, potential and efficiency of our electric powertrain systems," said Xavier Montagne, CTO & COO of Vision Marine. "We are excited to lead the charge in establishing real power metrics that will benefit consumers and pave the way for a more sustainable and informed future in electric boating."
Vision Marine seeks to not just lead the way in electric propulsion, but to also reshape the industry's standards for the betterment of both consumers and manufacturers. By pioneering a new standard of transparency and reliability in how power is evaluated and communicated, Vision Marine hopes to set the stage for a rapidly evolving market. This leadership not only benefits the end users by ensuring they receive products that truly match their expectations but also aids manufacturers in adopting clear, honest practices that foster trust and growth. Through this approach, Vision Marine is accelerating the advancement and widespread adoption of electric boating, promoting a future where efficiency, performance, and environmental stewardship go hand in hand.
About Vision Marine
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 Statements
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, as required by law.
Learn More
Website: www.visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine. technologies
YouTube: @VisionMarineTechnologies
Investor 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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