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Vision Marine Technologies Receives Initial E-Motion Propulsion System Purchase Order from Groupe Beneteau
Continuous Purchase Orders to be updated monthly on a rolling quarterly basis MONTREAL, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Vision Marine Technologies, Inc.
About this update from Vision Marine Technologies Inc.
[{"type":"text","content":"Continuous Purchase Orders to be updated monthly on a rolling quarterly basis\nMONTREAL, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Vision Marine Technologies, Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), the global leader and innovator within the performance electric recreational boating industry, has received an initial purchase order from Groupe Beneteau (BEN-Euronext) (“Beneteau”) of 25 E-Motion™ 180E outboard and powertrain systems. In addition, at the beginning of each month, Beneteau will provide Vision Marine a quarterly rolling forecast, which shall include additional quantities through a purchase order for the outboard and powertrain systems. The commitment from Beneteau commenced by entering into a formal Supplier Agreement with Vision Marine, which was announced on December 13, 2022. With this initial purchase order, Beneteau will provide an eco-responsible alternative propulsion solution to its consumers. Vision Marine and Beneteau will jointly market the groundbreaking Four Winns H2e to Beneteau’s dealer network, which includes 72 dealers in the United States, and 400 worldwide, on five continents. The H2e is the first purpose built fully electric runabout available to the market. Four Winns will showcase the H2e and associated technology at the Paris Boat Show, December 3-10, 2022, ahead of the ultimate formal introduction of this innovative new model at the Miami International Boat Show, to be held February 16-20, 2023. \"This initial order sets an important commercial milestone and reflects not only the value, but also the trust Beneteau places in our innovative technology, as we expand fully electric propulsion systems globally across Beneteau’s formidable portfolio of brands,” stated Alex Mongeon, co-founder & CEO of Vision Marine. This initial order clearly cements Beneteau’s position as an innovative pioneer, with a clear focus on sustainable and decarbonized boating, as well as a greatly enhanced customer experience. The partnership in place with Vison Marine will enable Beneteau to offer eco-responsible alternative propulsion solutions adapted for its models by 2030, in order to fulfill Beneteau’s recently announced mandate to do so. The world’s most powerful electric powertrain, the 180E electric outboard engine, powers the Four Winns H2e, offering top speed of approximately 35 knots (40mph), as well as...