Vision Marine Partners with Tourism Quebec and Transportation Canada Giving Electrical Boats

Montreal, Canada, Dec. 09, 2020 — NewMediaWire  — Vision Marine Technologies, Inc., (NASDAQ: VMAR) (“Vision” or the “Company”), the leading company of electric technologies in the style and manufacture of the to start with absolutely electric powered powertrain outboard motor (E-Movement) and electrical ability boats, announced now a partnership with Tourism Quebec and Transportation Canada for what is referred to as the Haut-Richelieu task. Underneath the arrangement for this task, Vision will present up to 15 electric boats for rental and water taxi functions alongside a 30 km portion of waterways in close proximity to the metropolis of Montreal. Vision has been given an preliminary deposit to commence the commence of the system of setting up the electrical boats for supply by Spring 2021.

The Organization believes that if they supply all 15 electric powered boats, the Haut-Richelieu challenge will come to be the most significant electric boat operation in Canada. The task has a mandate to guarantee the progress and marketing of tourism by supplying an ecofriendly resolution to boating all over the Richelieu River waterways.

Christian Desautels, Basic Manager of the Haut-Richelieu task, said, “A unique rental and water taxi procedure with nautical lookouts at strategic places on the Richelieu river from Noyan to Saint-Jean-sur-Richelieu. The 30 km circuit will include things like 15 stopovers for discovery, lodging, and outdoor routines. This ecofriendly and really touristic operation is our primary growth and growth internet site in the Quebec province. Our goal is to democratize the waterways accessibility for all citizens. Eyesight Maritime Systems is our initial and most important companion for this venture.”

Alex Mongeon, Co-Founder and Chief Executive Officer, stated, “We are fired up to be the main company of fully electrical electrical power boats to the province of Quebec and the advancement of this first challenge. We look ahead to more establishing a powerful partnership in Quebec and all over Canada with Transportation Canada.” 

About Eyesight Marine Technologies

Eyesight Maritime Systems, Inc., strives to change and be a contributing factor in fighting the challenge of waterway air pollution by disrupting the boating industry with electric power, contributing to zero pollution, zero emission, wave significantly less water, and a noiseless environment.

Our flagship outboard powertrain (E-Movement) is the first fully electrical outboard powertrain process that brings together an highly developed battery pack, inverter, and superior performance motor with proprietary union assembly in between the transmission and the electric motor design and style and intensive regulate computer software. Our E-Motion technological know-how utilised in this powertrain procedure are developed to make improvements to the performance of the outboard powertrain and, as a final result, improve array and efficiency.

Eyesight proceeds to style, innovate, manufacture, and provide our handcrafted, higher overall performance, environmentally helpful, electric powered leisure powerboats to recreational clients.

The design and style and know-how utilized to our boats success in much increased and increased effectiveness, bigger speeds, and for a longer time assortment. Only stated, a smoother ride than a standard ICE motorboat.

Forward-On the lookout Statements

The statements contained in this push launch that are not historical information are forward-wanting statements. The forward-wanting statements are subject to various risks, uncertainties, assumptions, or changes in conditions that are distinct to forecast or quantify. Precise final results may possibly differ materially from these anticipations thanks to changes in global, regional, or community economic, organization, competitive, industry, regulatory and other aspects, quite a few of which are further than Vision’s control. Crucial components that could induce actual outcomes to vary materially from all those in the forward-searching statements are set forth in Vision’s filings with the SEC, like its registration statement on Form F-1, as amended from time to time, underneath the caption “Risk Elements.” Any forward-looking assertion in this push launch speaks only as of the day of this release. Eyesight undertakes no obligation to publicly update or evaluation any ahead-on the lookout assertion, no matter whether as a result of new facts, upcoming developments or or else, other than as may possibly be essential by any relevant securities legislation.

For additional information and facts, be sure to make contact with: Bruce Nurse, Investor Relations (800) 871-4274 [email protected]

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