Victory Marine Holdings Awarded Exclusive Military Vessels Distribution Rights from ArmaCraft
Victory Marine Holdings has secured exclusive distribution rights for ArmaCraft's high-speed diver delivery crafts and reconnaissance vessels. This agreement, effective as of March 9, 2021, will be managed by Stealth Marine, a wholly owned subsidiary of Victory Marine. The Trident program, known for its innovative underwater capabilities, is anticipated to undergo sea trials in 2021 with commercial launch by early 2022. The partnership aims to enhance market access in Central America, addressing increasing demands related to security challenges.
- Exclusive distribution rights for innovative ArmaCraft vessels.
- Launch of the Stealth Marine subsidiary to optimize market strategy.
- High market expectations for Trident crafts addressing security needs.
- Dependence on successful sea trials and market acceptance in 2021.
- Risks associated with the uncertainty of future operational results.
VICTORY MARINE HOLDINGS AWARDED EXCLUSIVE DISTRIBUTION RIGHTS
Victory Marine Holdings to Develop, Distribute, and Service ArmaCraft Delivery Crafts Through Wholly Owned Subsidiary Stealth Marine
MIAMI, FL / ACCESSWIRE / March 9, 2021 / After conversations with key Central American decision makers, Victory Marine Holdings (OTC PINK:VMHG) has entered into an exclusive agreement with ArmaCraft to distribute High-Speed Diver Delivery Crafts, High Speed Interceptors and Reconnaissance vessels.
Stealth Marine, a new Government Military division and wholly owned subsidiary of Victory Marine Holdings, will administer and strategize market introduction.
ArmaCraft is a developer and builder of composite patrol vessels with market leading performance capabilities. Its new generation Trident program, ArmaCraft's most efficient and versatile submersible high-speed diver delivery crafts to date, is scheduled to begin sea trials in 2021, with market delivery expected in early 2022.
Market expectations are extremely high regarding acceptance and potential demand for what is widely considered a new vanguard weapon in the fight against drug trafficking and human smuggling.
Armacraft CEO Richard Jonsson says: We are very pleased to work with Victory Marine Holdings in Central America. They are well connected and professional, I am sure their new subsidiary Stealth Marine will be a great ambassador for our brand and innovative vessels, especially now with the launch of our new breed high-speed diver delivery craft's that Navies around the world can afford to keep in their fleet.
Easily operated with dual redundancy control system for safety, plug and play sub system modules for easy and cost-effective low downtime support. The Trident Range are truly innovative crafts with market leading capabilities.
Armacraft, a Swedish-Emirates Company, is known for its innovative high-speed interceptors and combat crafts. It was only a natural progress to add underwater capability for our current and future clients.
According to Orlando Hernandez of Victory Marine Holdings, "We've been monitoring the progress of this amazing Trident program. With final operational development so close at hand, it was time for Stealth Marine to become a reality."
Currently, the futuristic-looking and technologically advanced Trident submersibles from ArmaCraft have been configured into two versions - the MK I and MK II:
- The MK I is built for rapid response deployment and has the capability to transport and deliver a crew of six.
- The MK II is also engineered for rapid response and has the capability to transport and deliver a crew of twelve.
About Victory Marine Holdings
Victory Marine Holdings (OTC:VMHG), is a recreational marine provider seeking to bring the best product and best service in different areas of this amazing industry. We are focused on providing our client a one stop experience in all their recreational marine needs from new and used boats to financing, insurance, documentation, and accessories. To view our inventory, please visit https://www.victoryyachts.com/
Forward-Looking Statements.
Forward-Looking Statements certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified using words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
Contact Information:
Orlando Hernandez
Victory Marine Holdings
www.VictoryYachts.com
(800) 317-2441
SOURCE: Victory Marine Holdings Corp.
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FAQ
What are the new distribution rights Victory Marine Holdings has acquired?
When are the sea trials for the Trident program expected to begin?
How is Stealth Marine related to Victory Marine Holdings?
What is the anticipated market launch for the Trident underwater crafts?
What challenges does Victory Marine Holdings face with this new agreement?
