MONTREAL, QC / ACCESSWIRE / December 1, 2024 / Imaginative and prescient Marine Applied sciences Inc. (the “Company”, “Vision Marine”, “we”, “us”, “our”) (Nasdaq:VMAR), a pioneer in electrical marine propulsion, has entered right into a milestone partnership with Massimo Marine, the marine division of Massimo Group (MAMO). This collaboration will produce a totally built-in 30-foot electrical pontoon platform designed for industrial and leisure markets. As a part of Imaginative and prescient Marine’s strategic shift to supply full electrical boats on to customers, this partnership represents a key step in quickly delivering high-quality electrical marine merchandise to market.
The U.S. pontoon boat market is a rising one. In 2023, pontoon boat gross sales reached 115,000 items, a 5% enhance over 2022 (https://pontoonboatguy.com/). This sturdy market progress displays the demand for versatile and family-friendly watercraft. Imaginative and prescient Marine brings in depth experience to this partnership, with years of expertise efficiently integrating electrical propulsion methods into numerous boat designs. This distinctive data ensures that the brand new electrical pontoon platform will meet the best requirements of efficiency, effectivity, and reliability for each leisure and industrial use.
“This product is the result of years of requests from nautical bases and operators who have been asking for a reliable, turn-key electric solution,” mentioned Alexandre Mongeon, CEO of Imaginative and prescient Marine. “With this partnership, we aim to bridge the gap efficiently, delivering what the industry has long demanded. By combining our world-record-breaking, third party-tested technology with Massimo Marine’s manufacturing capabilities, we’re creating a solution that is as dependable as it is innovative.”
Massimo Marine’s superior manufacturing amenities in Garland, Texas, are anticipated to play a pivotal position in delivering these electrical pontoons to market effectively and at scale. “We’re proud to be partnering with Vision Marine’s innovative propulsion solution in brining truly efficient electric propulsion systems to the commercial and recreational space,” mentioned David Shan, CEO of Massimo Group. “This collaboration showcases our shared commitment to innovation and sustainability, providing customers with high-performance electric pontoons through Vision Marine’s factory-direct distribution along with our networks.”
By providing a turn-key product by Imaginative and prescient Marine’s direct-to-consumer strategy and Massimo Marine’s in depth distribution community, the Firm and Massimo Marine consider that this partnership will enormously improve its accessibility to electrical boating options. This collaboration is greater than a manufacturing partnership – the Firm and Massimo Marine consider that it is a leap towards remodeling the marine business. By addressing the rising demand for zero-emission options and providing eligibility for grants and incentives at metropolis, state, and federal ranges, this electrical pontoon platform can place itself as a cornerstone in sustainable marine transportation.
About Imaginative and prescient Marine Applied sciences Inc.
Imaginative and prescient Marine Applied sciences Inc. (NASDAQ:VMAR) is a pioneer in electrical boating, acknowledged for its progressive E-Movement™ Electrical Marine Powertrain Know-how that provides a superior, zero-emission boating expertise. With proprietary, turn-key electrical options, Imaginative and prescient Marine combines cutting-edge know-how, high-performance propulsion, and eco-friendly methods. The corporate has damaged a number of electrical world velocity data, showcasing its dedication to pushing the boundaries of efficiency. Imaginative and prescient Marine is main the transformation of the marine business with unmatched energy and effectivity for a cleaner future on the water.
About Massimo Marine
Massimo Marine, a subsidiary of Massimo Group (MAMO), was established in Garland, Texas, in 2018. Massimo Marine manufactures and sells Extremely Luxurious Pontoon and tritoon boats. Massimo Marine is devoted to progressive design, high quality craftsmanship, and nice buyer companies. We’re altering the sport within the pontoon, tritoon, and fishing boat world by elevating the bar relating to innovation and options, all of which have helped make Massimo Marine a confirmed chief within the business. Yearly, we introduce new options, designs, and customary choices for our boats that set us aside; whereas all the time guaranteeing we provide our prospects pricing benefits that may enable them to have the most effective boating expertise potential.
Ahead-Wanting Statements
This press release incorporates forward-looking statements inside the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Such statements embody predictions, expectations, estimates, and different data that could be thought-about future occasions or traits, not referring to historic issues. These statements contain identified and unknown dangers, uncertainties, and different elements that will trigger precise outcomes, efficiency, or achievements to vary materially from these expressed or implied by such statements. Imaginative and prescient Marine’s Annual Report on Type 20-F for the yr ended August 31, 2023, and its periodic filings with the SEC present an in depth dialogue of those dangers and uncertainties. Imaginative and prescient Marine doesn’t undertake any obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions, or in any other case, as required by regulation.
Contact Info
Imaginative and prescient Marine Applied sciences Inc.
Bruce Nurse
(303) 919-2913
bn@v-mti.com
Massimo Group
Dr. Yunhao Chen
Chief Monetary Officer
ir@massimomotor.com
Massimo Group Investor Relations
Chris Tyson
MZ North America 949-491-8235
MAMO@mzgroup.us
SOURCE: Imaginative and prescient Marine Applied sciences Inc
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