Business
Twin Vee PowerCats Co. Establishes Autonomous Marine Steering Committee to Advance AI-Enabled Maritime Vessels Amid Growing Defense Demand
FORT PIERCE, FL / ACCESS Newswire / January 6, 2026 /Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the formation of a Strategic Steering Committee ...
About this update from Twin Vee Powercats Co.
[{"type":"text","content":"FORT PIERCE, FL / ACCESS Newswire / January 6, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the formation of a Strategic Steering Committee to focus on advancing autonomous marine technologies to address key challenges in unmanned maritime systems and help bridge gaps exposed in current defense and commercial autonomy efforts.","length":458,"tagName":"p"},{"type":"text","content":"The Steering Committee includes members of Twin Vee's Board of Directors and management, including Directors Kevin Schuyler, Carol Craig, Larry Swets Jr., CEO and President Joseph Visconti, and Vice President Preston Yarborough.","length":232,"tagName":"p"},{"type":"text","content":"According to Visconti, the formation of this committee comes at a time when the U.S. Navy is pushing to build a fleet of autonomous maritime drones to counter naval expansion in the Indo-Pacific. Visconti notes, "Reuters reported that recent U.S. Navy tests have encountered significant setbacks, including software failures, collisions, and operational instability, highlighting the complexity of developing reliable autonomous marine craft at scale."","length":462,"tagName":"p"},{"type":"text","content":""Those events underscore a fundamental reality: autonomous maritime systems demand deep integration of platform engineering, robust autonomy control, and real-world testing," said Visconti. "We believe that Twin Vee's vertically integrated manufacturing model - from tooling and hull construction to wiring and control systems - could enable us to engineer and test autonomous platforms with precision and reliability."","length":443,"tagName":"p"},{"type":"text","content":"The executive-level Steering Committee's primary focus will be to explore, evaluate, and identify potential technology partners in the autonomous and AI space whose capabilities may complement Twin Vee's marine design and manufacturing platform and to present such opportunities to Twin Vee's Board of Directors and management, as appropriate. This review will include the assessment of integrating autonomous systems with current production models, as well as new vessel designs developed specifically for autonomous or semi-autonomous ap...