Vision Marine Technologies (VMAR-NASDAQ) continues to be at the forefront of the global electric boating industry’s transition to decarbonization by providing an eco-friendly alternative to ICE propulsion systems via its E-Motion™ 180E (180 HP) fully electric outboard motor and associated powertrain system.

As announced in September 2022, The Limestone Boat Company (BOAT-TSXV) confirmed its first purchase order of 25 E-Motion™ powertrain systems, which will be integrated onto its Aquasport 2100CC center console model. Limestone targets initial deliveries to commence by Q4 2023. This important inflection point represents Vision Marine’s first purchase order, and enormous additional validation for our innovative E-Motion™ technology. Furthermore, it foretells the emergence of an historic shift occurring within the traditional boating industry, as the new Aquasport will be an early mover to market.

Limestone is one of many OEMs that have made a strong commitment to expanding its efforts towards developing a future line of electric zero emission models. It is important to note that most of these OEM mandates will likely see these companies as customers of Vision Marine, as opposed to competitors.