Latest news with #VisionMarineTechnologiesInc
Miami Herald
16-05-2025
- Business
- Miami Herald
Vision Marine Technologies Announces Settlement of Outstanding Legal Claim
MONTREAL, QC / ACCESS Newswire / May 16, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion systems, today announced that it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders. This resolution fully addresses a legal dispute, providing the Company with a clean capitalization structure. In addition, after the resolution Vision Marine believes it maintains a strong cash position, supporting the Company's liquidity to facilitate ongoing business operations, strategic initiatives, and prospective expansion efforts. Alex Mongeon, CEO of Vision Marine, commented, "We are pleased to announce this resolution, which marks an important milestone for Vision Marine. This settlement allows us to fully focus on executing our strategic objectives and accelerating growth in the rapidly expanding electric marine sector." About Vision Marine Technologies, Inc. Vision 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. Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements." These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine's competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law. Investor & Company Contact Vision Marine TechnologiesBruce Nurse - Investor Relations(303) 919-2913bn@ Website: @marine_visionFacebook: @VisionMarineTechnologiesInstagram: @ @VisionMarineTechnologies SOURCE: Vision Marine Technologies Inc
Yahoo
16-05-2025
- Business
- Yahoo
Vision Marine Technologies Announces Settlement of Outstanding Legal Claim
MONTREAL, QC / / May 16, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion systems, today announced that it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders. This resolution fully addresses a legal dispute, providing the Company with a clean capitalization structure. In addition, after the resolution Vision Marine believes it maintains a strong cash position, supporting the Company's liquidity to facilitate ongoing business operations, strategic initiatives, and prospective expansion efforts. Alex Mongeon, CEO of Vision Marine, commented, "We are pleased to announce this resolution, which marks an important milestone for Vision Marine. This settlement allows us to fully focus on executing our strategic objectives and accelerating growth in the rapidly expanding electric marine sector." About Vision Marine Technologies, Inc. Vision 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. Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements." These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine's competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law. Investor & Company Contact Vision Marine TechnologiesBruce Nurse - Investor Relations(303) 919-2913bn@ Website: @marine_visionFacebook: @VisionMarineTechnologiesInstagram: @ @VisionMarineTechnologies SOURCE: Vision Marine Technologies Inc View the original press release on ACCESS Newswire Error 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
Miami Herald
06-05-2025
- Automotive
- Miami Herald
Vision Marine Technologies Files Patent for Advanced Software-Based Overload Protection in Electric Marine Powertrains
Press Releases Vision Marine Technologies Files Patent for Advanced Software-Based Overload Protection in Electric Marine Powertrains Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion systems, announced today 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 ("HV") powertrain. The patent introduces smart software within the Company's E-Motion™ HV Electric Marine Powertrain that continuously monitors electrical conditions of the cooling-pump motor. Similar to a home's digital circuit breaker, this system instantly disconnects power when an overload is detected, eliminating the need for traditional hardware fuses. This patent application's approach not only safeguards critical components but also significantly reduces system weight, saves valuable installation space, and simplifies wiring for boat manufacturers, who can easily integrate this advanced protection into their existing designs, whether for single or dual motor setups. Additionally, the patent pending software-driven system provides considerable operational benefits through continuous digital monitoring and data collection. By capturing detailed performance data, operators receive clear, practical insights that enable proactive maintenance scheduling, significantly reducing downtime and operational disruptions. The digital nature of this proposed solution further allows for remote, over-the-air updates, ensuring vessels continuously receive the latest safety enhancements and regulatory compliance without the need for physical servicing. "Intelligent thermal management is fundamental to reliable high-power electrification at sea," said Xavier Montagne, Chief Technology Officer at Vision Marine. "By moving overload protection into software, we introduce a superior layer of resilience, significantly reduce hardware complexity for original equipment manufacturers, and help boaters enjoy more time on the water with less maintenance." This patent application filing further expands Vision Marine's robust intellectual property portfolio and supports the Company's strategic initiative to deliver industrialized, safe, and user-centric electric propulsion solutions to global boat manufacturers and rental fleets. Additionally, this innovation reinforces Vision Marine's direct-to-consumer strategy, building on production agreements with multiple recreational boat manufacturers to bring integrated electric boats-such as the V30 and V24-to market, thereby strengthening the Company's position and demonstrating product readiness. About Vision Marine Technologies, Inc. Vision 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 OEMs to accelerate the adoption of powerful, maintenance-friendly electric boating solutions worldwide. Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements." These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine's competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law. Investor & Company Contact Vision Marine Technologies Bruce Nurse - Investor Relations (303) 919-2913 bn@ Website: Twitter: @marine_vision Facebook: @VisionMarineTechnologies Instagram: @ YouTube: @VisionMarineTechnologies SOURCE: Vision Marine Technologies Inc
Miami Herald
05-05-2025
- Business
- Miami Herald
Vision Marine Technologies Inc. Announces Postponement of Annual Meeting of Shareholders
MONTREAL, QC / ACCESS Newswire / May 2, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("VMAR" or the "Company") a pioneer in electric marine propulsion, today announced that its Annual Meeting of Shareholders (the "Shareholders Meeting"), which was originally scheduled to be held on May 15, 2025, has been postponed. The Shareholder's Meeting is now scheduled to be held virtually, on May 23, 2025, starting at 10:00 a.m. EST. Shareholders who are interested in participating in the Shareholders Meeting should use the following link: The record date for the Shareholders Meeting, March 27, 2025, is unchanged and applies to the postponed Shareholders Meeting. The Shareholder's Meeting has been postponed to provide the Company with additional time to contact its shareholders to attain quorum and to facilitate broader participation. The Company's Board of Directors unanimously recommends that shareholders vote FOR the proposals identified in the Company's proxy statement for the Shareholders Meeting. Shareholders who have already cast their votes do not need to take any action, unless they wish to change or revoke their prior proxy or voting instructions, and their votes will be counted at the postponed Shareholders Meeting. For shareholders who have not yet cast their votes, we urge them to vote their shares now, so they can be tabulated prior to the postponed Shareholders Meeting. Important Additional Information The Company has filed a definitive proxy statement with the Securities and Exchange Commission (the "SEC") on April 7, 2025 (the "Proxy Statement"), which should be read in conjunction with this notice. To the extent information in this notice updates or conflicts with information contained in the Proxy Statement, the information in this notice is the more current information. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION. Shareholders may obtain a free copy of the Proxy Statement and the other relevant materials, and any other documents filed by the Company with the SEC, at the SEC's website at or on the "SEC Filings" section of the Company's website at About Vision Marine Technologies, Inc. Vision Marine Technologies Inc. (NASDAQ: VMAR) epitomizes the marine industry's shift towards electric propulsion, offering the pioneering E-Motion™ outboard powertrain system. We believe 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. Investor and Company Contact: Vision Marine TechnologiesBruce Nurse(303) 919-2913bn@ SOURCE: Vision Marine Technologies Inc
Associated Press
03-05-2025
- Business
- Associated Press
Vision Marine Technologies Inc. Announces Postponement of Annual Meeting of Shareholders
MONTREAL, QC / ACCESS Newswire / May 2, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ('VMAR' or the 'Company') a pioneer in electric marine propulsion, today announced that its Annual Meeting of Shareholders (the 'Shareholders Meeting'), which was originally scheduled to be held on May 15, 2025, has been postponed. The Shareholder's Meeting is now scheduled to be held virtually, on May 23, 2025, starting at 10:00 a.m. EST. Shareholders who are interested in participating in the Shareholders Meeting should use the following link: The record date for the Shareholders Meeting, March 27, 2025, is unchanged and applies to the postponed Shareholders Meeting. The Shareholder's Meeting has been postponed to provide the Company with additional time to contact its shareholders to attain quorum and to facilitate broader participation. The Company's Board of Directors unanimously recommends that shareholders vote FOR the proposals identified in the Company's proxy statement for the Shareholders Meeting. Shareholders who have already cast their votes do not need to take any action, unless they wish to change or revoke their prior proxy or voting instructions, and their votes will be counted at the postponed Shareholders Meeting. For shareholders who have not yet cast their votes, we urge them to vote their shares now, so they can be tabulated prior to the postponed Shareholders Meeting. Important Additional Information The Company has filed a definitive proxy statement with the Securities and Exchange Commission (the 'SEC') on April 7, 2025 (the 'Proxy Statement'), which should be read in conjunction with this notice. To the extent information in this notice updates or conflicts with information contained in the Proxy Statement, the information in this notice is the more current information. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION. Shareholders may obtain a free copy of the Proxy Statement and the other relevant materials, and any other documents filed by the Company with the SEC, at the SEC's website at or on the 'SEC Filings' section of the Company's website at About Vision Marine Technologies, Inc. Vision Marine Technologies Inc. (NASDAQ: VMAR) epitomizes the marine industry's shift towards electric propulsion, offering the pioneering E-Motion™ outboard powertrain system. We believe 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. Investor and Company Contact: Vision Marine Technologies Bruce Nurse (303) 919-2913 [email protected] SOURCE: Vision Marine Technologies Inc press release
