Montreal, Canada — September 27, 2023 — Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision
Marine” or the “Company”), a global leader and innovator within the performance electric recreational boating
industry, is pleased to announce collaborative participation with Groupe Beneteau at the annual International
Boatbuilders’ Exhibition & Conference (IBEX) in Tampa, Florida, from October 3-5, 2023.
Marking a year of strategic synergy, this partnership is a testament to the mutual commitment of both companies
to innovate and redefine the boating industry, focusing on sustainability and performance. Vision Marine’s E-
Motion™ electric propulsion technology, known for its superior performance and zero emissions, is seamlessly
integrated into the Four Winns H2e, underscoring Group Beneteau’s commitment to environmental responsibility
and technological advancement.
Alex Mongeon, CEO & founder of Vision Marine, commented, “Our continued collaboration with Groupe Beneteau is a significant step for our companies and the maritime industry. Together, we’re advancing the
adoption of electric propulsion, and championing a new boating experience by providing a sustainable propulsion
solution for our oceans and waterways.”
Nick Harvey of Four Winns said, “Our ongoing commitment to innovation is crucial. The adoption of
electric propulsion is a logical progression and contributes to Groupe Beneteau’s ambition to reduce its
CO2 emissions by 30% by 2030. Vision Marine is the ideal collaborator to help us complete this journey of
transformation.”
Boat manufacturers and attendees at IBEX will have the unique opportunity to witness the innovative outcomes of
this partnership firsthand. The Four Winns H2e, outfitted with Vision Marine’s groundbreaking electric propulsion
system, will be exhibited and available for sea trials at Docks D26A and D26B, where two H2e Bowriders will be
showcased. Inside the exhibition, Vision Marine will welcome attendees at booth 1-304.
This announcement not only highlights the progress made in a year of partnership but also embodies the shared
vision of Vision Marine and Groupe Beneteau to promote sustainability and ingenuity in the boating industry.
Founded 139 years in Vendee by Benjamin Beneteau, Groupe Beneteau is nowadays bolstered by an international
presence of 22 production sites and a global sales network. Groupe Beneteau posted €1.5 billion turnover in 2022
and has a workforce of nearly eight thousand employees, mainly in France, United States, Poland, Italy, and
Portugal.
A world leader, Groupe Beneteau’s nine brands in its Boat Division offer more than 150 models of pleasure craft
to meet the diverse needs and sailing projects of its customers, whether sailing or motoring, monohull, or
catamaran.
Through its Boating Solutions Division, the Group is also involved in services covering daily or weekly boat hire,
marinas, the digital sector, and financing.
Its Habitat Division is a major European player in outdoor accommodation. Its three brands offer a wide range of
mobile homes. It has nine hundred employees split between six production sites in France and one in Italy. It
posted a turnover of €257.2 million in 2022.
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 outboard powertrain (“E-Motion™”) 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, high performance, environmentally friendly, electric recreational power 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.
