MONTREAL, QC / February 13, 2024 / Vision Marine Technologies Inc., (NASDAQ:
VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the
performance electric recreational boating industry, announced today the appointment of
Anthony E. Cassella Jr., Executive Vice President Finance and Chief Accounting Officer of
MarineMax, Inc. (NYSE: HZO) to the Company’s Board of Directors as an independent
director. This appointment reinforces Vision Marine's leading role in marine technology
innovation and underscores its commitment to strong corporate governance.
“Anthony brings a wealth of knowledge and experience to the Vision Marine Board, having
served in roles of increasing responsibility over his 26-year career with MarineMax. His
progressive leadership at MarineMax aligns with our Board’s commitment to a thoughtfully
executed growth strategy and robust corporate governance. We are thrilled to welcome
Anthony to the Board and are eager to benefit from his strategic contributions,” stated Alex
Mongeon, CEO of Vision Marine Technologies.
Mr. Cassella is a highly accomplished leader who has played an important role in
MarineMax’s growth. Among his responsibilities at MarineMax, Mr. Cassella oversees key
functions including finance, mergers and acquisitions, accounting, inventory, and treasury.
Vision Marine believes that Mr. Cassella’s background and knowledge of the industry will
bring incredible value to the next chapter of Vision Marine’s mission to become the leading
provider of electric propulsion for the boating industry.
“I am excited to join Vision Marine’s Board at such an important time of growth for the
Company,” Mr. Cassella stated. “Vision Marine is on an innovative path with the potential to
create exciting new opportunities across the industry. I look forward to working with Alex
and the entire Board in supporting Vision Marine’s continued momentum and leading role in
marine technology.”
About Vision Marine Technologies, Inc: Spearheading the Electric Boating Revolution
As a leader in the marine industry's shift to electric propulsion, Vision Marine (NASDAQ:
VMAR) is at the vanguard of this transformation. Its pioneering E-Motion™ outboard
powertrain system represents a significant leap in marine technology. Vision Marine, as a
champion of eco-friendly electric powerboats, is not just participating in the industry's
evolution – it is driving it. 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. 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.
Learn More
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
