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About Vision Marine Technologies, inc.
Vision Marine Technologies Inc. (Nasdaq: VMAR), strives to be a guiding force for change and an
ongoing driving factor in fighting the problems associated with waterway pollution by disrupting the
traditional boating industry with electric power, in turn directly contributing to zero pollution, zero
emission and a noiseless environment. Our Flagship E-Motion™ 180E electric marine powertrain is
the first fully electric purpose-built outboard powertrain system that combines an advanced battery
pack, inverter, and high efficiency motor with proprietary union assembly between the transmission
and the electric motor design utilizing extensive control software. Our E-Motion™ and related
technologies used in this powertrain system are uniquely designed to improve the efficiency of the
outboard powertrain and, as a result, enhance both range and performance. Vision Marine continues to
design, innovate, manufacture, and sell handcrafted, environmentally friendly, electric recreational
boats to customers. The design and technology applied to our boats results in far greater enhanced
performance in general, higher speeds, and longer range. Simply stated, a smoother ride than a
traditional internal combustion engine (ICE) motorboat.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of
the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,”
“plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. For example, when Vision Marine describes
benefits of the partnership with Blue Water Boat Rental, its expansion plans, and the impact of E-
Motion™ 180E equipped boats, it is using forward-looking statements. These forward-looking
statements reflect the current analysis of existing information and are subject to various risks and
uncertainties. As a result, actual results may differ materially from these expectations due to changes
in global, regional, or local economic, business, competitive, market, regulatory and other factors,
many of which are outside of Vision Marine’s control. Important factors that could cause actual
results to differ materially from those in the forward-looking statements are set forth in Vision
Marine’s Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission
(SEC) for the year ended August 31, 2023, as such factors may be updated from time to time in
Vision Marine’s periodic filings with the SEC. Any forward-looking statement in this press release
speaks only as of the date of this release. Vision Marine undertakes no obligation to publicly update
or review any forward-looking statement, whether as a result of new information, future developments
or otherwise, except as may be required by any applicable securities laws.
