VISION MARINE TECHNOLOGIES ANNOUNCES ROGER MOORE'S RETIREMENT AND EXECUTIVE LEADERSHIP TRANSITION AT NAUTICAL VENTURES

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Corporate Governance & Leadership Transition Company Completes Integration Phase and Positions Nautical Ventures for Its Next Chapter Within Vision Marine's Integrated Marine Platform BOISBRIAND, QC and FORT LAUDERDALE, Fla., June 19, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company"), a North American marine company combining proprietary electric propulsion technology with a vertically integrated marine platform, today announced the retirement of Roger Moore, founder of Nautical Ventures Group Inc. ("Nautical Ventures"), effective June 18, 2026. Mr. Moore will retire from his executive responsibilities and day-to-day management following the completion of the integration phase associated with Vision Marine's acquisition of Nautical Ventures in June 2025. Mr. Moore's retirement concludes a distinguished career spanning decades in the U.S. marine industry, during which he built Nautical Ventures into one of North America's most recognized and respected marine dealership organizations. Founded by Mr. Moore, Nautical Ventures evolved from a single-location operation into a premier Florida-based marine enterprise encompassing dealership operations, marina facilities, service infrastructure, financing capabilities, rentals, boat clubs and innovative marketing platforms. During its development, the organization expanded to 13 locations and established relationships with many of the marine industry's leading manufacturers. In 2024, Nautical Ventures was named the No. 1 dealer in Boating Industry's Top 100 Dealers ranking in the United States, underscoring the strength of the organization he built and the culture of disciplined execution he helped establish. Following Vision Marine's acquisition of Nautical Ventures, Mr. Moore played a key role in supporting the transition while helping preserve the customer relationships, manufacturer partnerships and operational foundation that contributed to the company's long-standing success. Alexandre Mongeon, Chief Executive Officer of Vision Marine Technologies, commented: "Roger Moore built an extraordinary organization and established one of the most respected marine dealership networks in North America. His entrepreneurial vision, commitment to customer service and passion for boating c...

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