Vision Marine Technologies Announces Significant Purchase Order and Exclusive Distributorship Agreement with Nautical Ventures Marine Group

About this update from Vision Marine Technologies Inc.

MONTREAL, QC / ACCESSWIRE / February 23, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), an innovator in the performance electric recreational boating industry, is thrilled to announce a groundbreaking partnership with Nautical Ventures Marine Group, a premier provider of maritime products and services. This collaboration marks a significant milestone with an initial purchase order for 50 units of the Phantom, Vision Marine's innovative rotomolded, recyclable boat, and the establishment of an exclusive distributorship agreement for South Florida. The Phantom, known for its sustainable design and eco-friendly footprint, represents a new era in maritime technology. Its construction from fully recyclable materials not only sets a new standard in environmental responsibility but also offers unparalleled durability and performance. This purchase order signifies Nautical Ventures Marine Group's confidence in the Phantom's market potential and its commitment to promoting greener marine solutions.Under the exclusive distributorship agreement, Nautical Ventures Marine Group will serve as the sole distributor of the Phantom in the vibrant and burgeoning South Florida market. This strategic partnership is expected to significantly enhance the visibility and availability of the Phantom, positioning it as a mainstay in the recreational marine landscape of Florida.Furthermore, the collaboration was showcased at the prestigious Miami Boat Show, where an additional four units of the Phantom were sold, with delivery anticipated in the coming months. This event not only highlighted the Phantom's appeal to a broad audience of boating enthusiasts but also underscored the industry's growing emphasis on sustainable marine solutions."Vision Marine Technologies is excited to partner with Nautical Ventures Marine Group, a company that shares our commitment to innovation, quality, and environmental stewardship," said Alex Mongeon, CEO of Vision Marine. "This partnership and the initial order of 50 units are a testament to the Phantom's unique value proposition and our shared vision for a greener future in maritime recreation."Roger Moore, CEO of Nautical Ventures Marine Group, expressed enthusiasm about the agreement, stating, "We are proud to be the exclusive distributor of the Phantom in South Florida. This boat represents the cutting edg...

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