Please select your home edition
Edition
RS Sailing 2021 - LEADERBOARD

Vision Marine receives initial purchase order from The Limestone Boat Company

by Vision Marine Technologies 23 Sep 08:56 PDT
E-Motion Electric Outboard Series 180E © Vision Marine Technologies

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 groundbreaking 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.

Limestone will now shift its EV model development efforts into scheduled production, with a delivery target to dealers commencing in the fourth quarter of 2023. The order elevates Limestone, utilizing Vision Marine's proprietary E-Motion propulsion system, as a first mover within the North American recreational boating industry, able to offer a fully electric high performance Aquasport center console powerboat.

Vision Marine co-founder and CEO, Alexandre Mongeon stated, "Vision Marine is excited to work alongside Limestone in accelerating the North American boating industry's carbon neutral goals via electrifying the waterways. We look forward to the momentous occasion in which the Aquasport electric center console is presented to consumers."

In June 2022, Limestone CEO Scott Hanson announced the highly successful completion of the prototype's sea trial stating Vision Marine's E-Motion™ 180E, "met the company's demands and then some. It provides all of the benefits of an EV boating experience, without compromising the performance expectations of an internal combustion engine, while maintaining the ride characteristics for which Limestone's Aquasport is renowned."

Limestone will debut it Aquasport EV product at the Fort Lauderdale International Boat Show, to be held October 26-30, 2022, at the Vision Marine Technologies display. Consumers will be able to place deposits to secure a first run production model, with an expected delivery date of fourth quarter 2023.

Related Articles

Vision Marine smashes electric boat world record
Achieving a top speed of 109 MPH at the iconic lake of the Ozarks Shootout Vision Marine Technologies, Inc., the global leader in the electric recreational marine propulsion industry serving OEMs, is proud to announce an historic milestone in the boating industry by shattering the 100 MPH speed barrier on an electric watercraft. Posted on 29 Aug
Vision Marine Technologies Florida expansion plans
The new location will be at the new development called Waves at Dania Beach Vision Marine Technologies, Inc. is pleased to announce an anticipated expansion plan of its high margin, profitable and rapidly growing electric rental boat operation into Dania Beach, Florida. Posted on 17 Feb
Vision Marine partners with Weismann Marine
An agreement to design and develop a lower unit (or gearcase) assembly Vision Marine Technologies announced today a joint development agreement ("JDA") with Weismann Marine, LLC to design and develop a lower unit (or gearcase) assembly for the Vision Marine's E-Motion™ 180 HP outboard propulsion system. Posted on 12 Feb
E-Motion™ Powertrain initiatives update
Vision Marine has secured key partnerships regarding the production Vision Marine Technologies, the global technology leader in the electric transition of the recreational boating industry serving both OEMs and consumers, has provided an update on recent corporate developments. Posted on 5 Feb
Vision Marine partners with Nextfour Solutions Ltd
To develop a smart navigation system Vision Marine Technologies, Inc. partnered with Nextfour Solutions Ltd. (Nextfour) to further develop a customized multifunctional display to be integrated within Vision Marine's groundbreaking E-Motion™ 180 fully electric powertrain system. Posted on 21 Jan
Vision Marine announces Share Repurchase Program
Board of Directors has authorized the repurchase of up to 10% of the Company's common shares Vision Marine announced that its Board of Directors has authorized the repurchase of up to 10% of the Company's common shares from time to time via open market purchases or in privately negotiated transactions. Posted on 23 Dec 2021
Vision Marine partners with Linamar Corporation
On E-Motion™ fully electric outboard motor Vision Marine Technologies, Inc. is pleased to announce that it has executed a Manufacture and Supply Agreement with Linamar Corporation (TSX: LNR), a global leader in manufacturing solutions and world class developer of highly engineered products. Posted on 28 Oct 2021
E-Motion™ 180hp Fully Electric Powertrain
Showcased by Vision Marine Technologies, Inc. on a Starcraft EX 22 Foot Pontoon Boat at IBEX 2021 Vision Marine Technologies, Inc today announced it will showcase its E-Motion™ 180hp fully electric powertrain on a Starcraft EX 22 foot pontoon boat at IBEX 2021, taking place September 28th to September 30th in Tampa, Florida. Posted on 29 Sep 2021
Vision Marine to showcase E-Motion at IBEX 2021
The first fully electric 180hp outboard motor Vision Marine Technologies, the global leader in the electric recreational boating industry serving both Original Equipment Manufacturers ("OEMs") and consumers, today announced it will showcase its E-Motion™ electric outboard motor at IBEX 2021. Posted on 20 Sep 2021
Cyclops 2022 May FOOTERUpffront 2020 Foredeck Club SW FOOTERMarine Resources 2022 Salary Survey FOOTER