Vision Marine receives initial purchase order from The Limestone Boat Company

boat industry canada - october, 03, 2022 - changing scene

US$2 million purchase order for 25 E-Motion™ 180E powertrains

On September 22, 2022, Vision Marine Technologies, Inc. (Nasdaq: VMAR)(“Vision Marine” or the “Company”), the global leader in the performance electric recreational marine propulsion industry serving OEMs (Original Equipment Manufacturer), is pleased to announce an initial purchase order of 25 E-Motion™180E outboard motors and powertrain systems from The Limestone Boat Company (BOAT-TSXV).

Limestone has a 35-year legacy as a North American “big water” brand known for its design, performance, quality, and durability. The company’s major brands consist of Aquasport, Limestone® and Boca Bay.

This commitment by Limestone marks a significant turning point for Vision Marine, as this represents the Company’s first purchase order. The order comes on the heels of rigorous, real world, open water testing, which served to validate the ground-breaking E-Motion™ 180E high performance purpose built fully electric powertrain system. In addition, Limestone anticipates integrating our E-Motion powertrain system to existing and future models.

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