Latest news with #VisionMarineTechnologies
Business Insider
3 days ago
- Business
- Business Insider
Why Is Vision Marine Technologies Stock (VMAR) Up 25% Today?
Vision Marine Technologies (VMAR) stock rocketed higher on Friday after the on‑water experiences and Nautical Ventures dealership network company announced two updates important to shareholders. The first was the conclusion of a lawsuit with shareholders, while the second concerned new boat sales. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Starting with that legal matter, Vision Marine Technologies announced it has reached a settlement with shareholders. Approval was granted by the New York State Supreme Court. This brings an end to a legal battle that started on May 16, 2025, clearing the way for the company to continue operations without lawsuit concerns. Additionally, Vision Marine Technologies announced a deal with Nimbus Boats USA. This will have it act as the exclusive distributor of Nimbus powerboats on Florida's West Coast, including the Tender, Commuter, Weekender, and Coupe series. Alexandre Mongeon, cofounder and CEO of Vision Marine Technologies, said this will 'position us to capitalise on strong consumer demand and favourable market trends.' Vision Marine Technologies Stock Movement Today Vision Marine Technologies stock was up 25.7% on Friday, following a 14.71% fall yesterday. The shares have also decreased 82.14% year-to-date and 99.52% over the past 12 months. Today's news brought heavy trading to VMAR stock, as some 12.3 million shares changed hands, compared to a three-month daily average of about 30,000 units. Is Vision Marine Technologies Stock a Buy, Sell, or Hold? Turning to Wall Street, coverage of Vision Marine Technologies stock is lacking. Fortunately, TipRanks' AI analyst Spark has it covered. Spark rates VMAR stock a Neutral (44) with no price target. It cites 'significant financial struggles, including declining revenues and persistent losses' as reasons for this stance.
Yahoo
21-05-2025
- Automotive
- Yahoo
PRISM MarketView Highlights Vision Marine Technologies' Role in Electrifying the Boating Industry
CEO Alexandre Mongeon Discusses Strategic Growth, Product Innovation, and Key Partnerships in Exclusive Q&A NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- PRISM MarketView has published an exclusive interview with Alexandre Mongeon, CEO and Co-Founder of Vision Marine Technologies (Nasdaq: VMAR), a company at the forefront of electric marine propulsion. Vision Marine is leading the transformation of recreational boating through fully integrated electric propulsion systems, commercial-ready vessels, and strategic partnerships with Mongeon, CEO and Co-Founder of Vision Marine Technologies In the interview, Mongeon outlines Vision Marine's latest product milestones, IP developments, and multi-channel expansion strategy. 'The electrification of transportation is extending to the water, transforming how boats are powered, built, and experienced,' said Mongeon. 'Our focus is on delivering a scalable solution that offers performance and simplicity, without the trade-offs of legacy gas-powered systems.'A Platform Built for Scale Vision Marine's flagship product is the E-Motion™ 180E, a 180-horsepower electric propulsion system offered in both inboard and outboard formats. The system includes marine-optimized battery packs, proprietary software, and custom control architecture. It is now deployed across more than 22 boat models from over 10 brands. To support factory-level integration, the company also offers the E-Motion™ Powerpack, a modular propulsion unit designed for pontoon boats. Vision Marine has also expanded into direct-to-consumer sales, launching its own electric models such as the V30 and V24. 'Beyond working with manufacturers, we have broadened our strategy to include direct-to-consumer sales. This allows us to control more of the value chain and accelerate our brand presence,' said Mongeon. A recently launched 24-foot electric pontoon, developed in partnership with Massimo, is being distributed through more than 600 dealers across the U.S. 'The Massimo-Vision Marine partnership is a key milestone in our expansion strategy. Together, we launched a new 24-foot electric pontoon, which is being rolled out to more than 600 Massimo dealers across the United States.' Advancing IP and Performance Vision Marine has filed 15 patents to date, with 12 granted and 3 filed in the last 60 days. Innovations include a software-based overload protection system, a token-based secure communication gateway, and an adaptive water pump control system that dynamically adjusts cooling based on real-time usage. 'Our research and development team is focused on performance, safety, and system intelligence.' OEM Collaborations and Strategic Focus Vision Marine's OEM relationship with STERK has led to purpose-built integration of its propulsion system into redesigned vessels. 'STERK is an innovative partner that shares our vision. Instead of simply fitting our propulsion system into existing hulls, we worked together to redesign the internal layout of their vessels.' Looking ahead, Vision Marine is focused on: Expanding commercialization through OEMs and direct sales Evaluating dealership acquisitions to support vertical integration Growing recurring revenue through rentals, licensing, and future software services 'We are focused on three things. First, expanding commercialization of our E-Motion™ platform through both OEMs and direct sales. Second, evaluating dealership acquisitions to build a vertically integrated retail strategy. Third, continuing to grow recurring revenue through rentals, licensing, and future software services.' The full Q&A provides insight into Vision Marine's approach to scaling clean propulsion across a rapidly growing market. About Vision Marine Technologies, Marine Technologies Inc. (NASDAQ: VMAR) designs and manufactures cutting-edge electric propulsion systems and complete electric boat solutions. The Company's flagship E-Motion™ 180E powertrain is a market-proven, purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon, now available for order. Vision Marine collaborates with industry-leading original equipment manufacturers to accelerate the adoption of powerful, maintenance-friendly electric boating solutions worldwide. About PRISM MarketViewPRISM MarketView is a financial media platform focused on highlighting emerging growth companies and breakthrough innovation across public markets. Through original editorial, video features, and executive Q&A content, PRISM delivers timely insights and elevates visibility for high-potential companies. PRISM also maintains a suite of proprietary indexes tracking momentum across sectors including biotech, AI, and consumer tech. Learn more at PRISM MarketView does not provide investment advice. DisclaimerThis communication was produced by PRISM MarketView, an affiliate of PCG Advisory Inc., (together "PCG"). PCG is not a registered or licensed broker-dealer nor investment adviser. No information contained in this communication constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. PCG may be compensated by respective clients for publicizing information relating to its clients' securities. See Contact:PRISM MarketViewinfo@ Photos accompanying this announcement are available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Automotive
- Yahoo
PRISM MarketView Highlights Vision Marine Technologies' Role in Electrifying the Boating Industry
CEO Alexandre Mongeon Discusses Strategic Growth, Product Innovation, and Key Partnerships in Exclusive Q&A NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- PRISM MarketView has published an exclusive interview with Alexandre Mongeon, CEO and Co-Founder of Vision Marine Technologies (Nasdaq: VMAR), a company at the forefront of electric marine propulsion. Vision Marine is leading the transformation of recreational boating through fully integrated electric propulsion systems, commercial-ready vessels, and strategic partnerships with Mongeon, CEO and Co-Founder of Vision Marine Technologies In the interview, Mongeon outlines Vision Marine's latest product milestones, IP developments, and multi-channel expansion strategy. 'The electrification of transportation is extending to the water, transforming how boats are powered, built, and experienced,' said Mongeon. 'Our focus is on delivering a scalable solution that offers performance and simplicity, without the trade-offs of legacy gas-powered systems.'A Platform Built for Scale Vision Marine's flagship product is the E-Motion™ 180E, a 180-horsepower electric propulsion system offered in both inboard and outboard formats. The system includes marine-optimized battery packs, proprietary software, and custom control architecture. It is now deployed across more than 22 boat models from over 10 brands. To support factory-level integration, the company also offers the E-Motion™ Powerpack, a modular propulsion unit designed for pontoon boats. Vision Marine has also expanded into direct-to-consumer sales, launching its own electric models such as the V30 and V24. 'Beyond working with manufacturers, we have broadened our strategy to include direct-to-consumer sales. This allows us to control more of the value chain and accelerate our brand presence,' said Mongeon. A recently launched 24-foot electric pontoon, developed in partnership with Massimo, is being distributed through more than 600 dealers across the U.S. 'The Massimo-Vision Marine partnership is a key milestone in our expansion strategy. Together, we launched a new 24-foot electric pontoon, which is being rolled out to more than 600 Massimo dealers across the United States.' Advancing IP and Performance Vision Marine has filed 15 patents to date, with 12 granted and 3 filed in the last 60 days. Innovations include a software-based overload protection system, a token-based secure communication gateway, and an adaptive water pump control system that dynamically adjusts cooling based on real-time usage. 'Our research and development team is focused on performance, safety, and system intelligence.' OEM Collaborations and Strategic Focus Vision Marine's OEM relationship with STERK has led to purpose-built integration of its propulsion system into redesigned vessels. 'STERK is an innovative partner that shares our vision. Instead of simply fitting our propulsion system into existing hulls, we worked together to redesign the internal layout of their vessels.' Looking ahead, Vision Marine is focused on: Expanding commercialization through OEMs and direct sales Evaluating dealership acquisitions to support vertical integration Growing recurring revenue through rentals, licensing, and future software services 'We are focused on three things. First, expanding commercialization of our E-Motion™ platform through both OEMs and direct sales. Second, evaluating dealership acquisitions to build a vertically integrated retail strategy. Third, continuing to grow recurring revenue through rentals, licensing, and future software services.' The full Q&A provides insight into Vision Marine's approach to scaling clean propulsion across a rapidly growing market. About Vision Marine Technologies, Marine Technologies Inc. (NASDAQ: VMAR) designs and manufactures cutting-edge electric propulsion systems and complete electric boat solutions. The Company's flagship E-Motion™ 180E powertrain is a market-proven, purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon, now available for order. Vision Marine collaborates with industry-leading original equipment manufacturers to accelerate the adoption of powerful, maintenance-friendly electric boating solutions worldwide. About PRISM MarketViewPRISM MarketView is a financial media platform focused on highlighting emerging growth companies and breakthrough innovation across public markets. Through original editorial, video features, and executive Q&A content, PRISM delivers timely insights and elevates visibility for high-potential companies. PRISM also maintains a suite of proprietary indexes tracking momentum across sectors including biotech, AI, and consumer tech. Learn more at PRISM MarketView does not provide investment advice. DisclaimerThis communication was produced by PRISM MarketView, an affiliate of PCG Advisory Inc., (together "PCG"). PCG is not a registered or licensed broker-dealer nor investment adviser. No information contained in this communication constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. PCG may be compensated by respective clients for publicizing information relating to its clients' securities. See Contact:PRISM MarketViewinfo@ Photos accompanying this announcement are available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
17-05-2025
- Business
- Business Insider
Vision Marine Technologies announces settlement of outstanding legal claim
Vision Marine Technologies (VMAR) announced it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders. The company stated this resolution fully addresses the legal dispute, providing a clean capitalization structure and maintaining a strong cash position. CEO Alex Mongeon commented that the settlement allows the company to focus on strategic objectives and growth. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Business Insider
07-05-2025
- Automotive
- Business Insider
Vision Marine Technologies files patent for overload protection in powertrains
Vision Marine Technologies (VMAR) announced it filed a new U.S. patent application with the United States Patent and Trademark Office for software-driven overload protection of cooling-pump motors integrated within the company's proprietary E-Motion high-voltage powertrain. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
