Vision Marine Technologies Files Patent Application for Proprietary Battery Encryption System

January 14, 2025

Safeguarding Advanced Powertrain Technology and Boaters’ Data from Third-Party Substitution

Montreal, Canada – January 14, 2025 – Vision Marine Technologies Inc. (the “Company,” “Vision Marine,” “we,” “us,” “our”) (Nasdaq: VMAR) is pleased to announce the filing of its latest patent application with the United States Patent and Trademark Office for a groundbreaking Battery Authentication Encryption Technology. This system is designed to securely integrate proprietary components within the E-Motion™ Electric Powertrain, prevent third-party substitution, and gather valuable boaters’ data, reinforcing the strategic value of Vision Marine’s advanced technology.

“The importance of system security cannot be overstated as we transition into a digital marine era,” said Xavier Montagne, Chief Technology Officer at Vision Marine. “This patent application is the result of several years of research and development to make high-voltage systems compatible with the nautical field. Our unique skills in electronics and embedded software and our long experience in electric propulsion have made it happen.”

The technology employs a sophisticated Battery Management Controller (BMC) to authenticate components within the powertrain. This helps ensure that only Vision Marine’s proprietary components function in harmony with the system, eliminating risks associated with third-party substitutions that could compromise performance or safety. Beyond enhancing the system’s security, this innovation enables the collection and analysis of boaters’ data, a critical component in driving superior system performance and customer satisfaction.

“Our investment in developing a robust data-driven system is now yielding significant benefits,” said Alexandre Mongeon, CEO of Vision Marine Technologies. “By empowering Xavier Montagne and his team to focus on building this cutting-edge technology, we’ve created a platform that enhances system functionality while providing valuable insights through data analysis. This approach not only improves our products and services but also highlights the scalability and long-term value of our business for investors.”

The data gathered from Vision Marine’s proprietary system allows the Company to continually optimize product performance and deliver tailored solutions for boat Manufacturers and boaters. This data-rich foundation not only improves system reliability but also serves as a strategic asset that drives innovation, supports customer retention, and unlocks potential new revenue streams.

By preparing the technology behind this patent application, Vision Marine reaffirms its commitment to advancing electric propulsion technology while ensuring the integrity, exclusivity, and data-driven intelligence of its proprietary ecosystem.

About Vision Marine Technologies Inc.

Vision Marine Technologies, Inc. (NASDAQ: VMAR) is driving the shift to sustainable, electric-powered recreational boating with its E-Motion™ outboard powertrain system. Combining advanced battery technology, high-efficiency motors, proprietary software, and innovative assembly techniques, Vision Marine delivers efficient and high-performing solutions for the marine industry.

Forward-Looking Statement

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include predictions, expectations, estimates, and other information that might be considered future events or trends, not relating to historical matters. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Vision Marine’s Annual Report on Form 20-F for the year ended August 31, 2023, and its periodic filings with the SEC provide a detailed discussion of these risks and uncertainties. There can be no assurance that Vision Marine will be able to complete the offering on the anticipated terms, or at all. Vision Marine does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, as required by law.

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