Vision Marine's E-Motion™ EPS to be rolled out across Groupe Beneteau brand portfolio

Vision Marine's E-Motion™ EPS to be rolled out across Groupe Beneteau brand portfolio © Vision Marine Technologies

Vision Marine Technologies (NASDAQ: VMAR) ("Vision Marine" or the "Company"), the global leader and innovator within the performance electric recreational boating industry, is pleased to announce we have entered into a formal Supplier Agreement with Groupe Beneteau (BEN-Euronext) ("Beneteau").

This Agreement marries the world's first purpose built, fully electric outboard motor and powertrain system, the E-Motion™ 180E, with the excellent legacy reputation and technical prowess of Groupe Beneteau. The Four Winns H2e was designed and marketed as the seminal and groundbreaking electric boating experience for the consumer. This agreement further solidifies the relationship between Vision Marine and Beneteau, which was previously announced on July 19, 2022.

The Four Winns H2e, the first purpose built electric runabout available to consumers, will be jointly marketed to Beneteau's dealer network by Vision Marine and Beneteau. Beneteau's extensive dealer network includes 72 dealers throughout the United States, and 400 worldwide, on five continents.

"We are proud to enter into this strategic global supplier alliance with Groupe Beneteau. This represents an exciting milestone and inflection point for Vision Marine and its shareholders. We look forward to sharing our mutual mandates, and to assist Beneteau to expand its global carbon neutral goals via the electric transition of global waterways." stated Alex Mongeon, co-founder, and CEO of Vision Marine. "We expect our order book to show continuous growth as we approach the formal introduction of the H2e, as well as other offerings by Beneteau."

Xavier Montagne, COO and CTO of Vision Marine, added, "We have developed a working and trusting relationship with the strategic management team of Groupe Beneteau. Our technical expertise in electrification and our experience in North American and European nautical markets are without any doubt the reason why we have been selected by Groupe Beneteau. We know being electric has been a long-standing wish and we are so proud to be the one to make it real."

Committed to a comfortable and an instinctive boating experience, and with a passion for innovation, Four Winns naturally partnered with Vision Marine Technologies to develop the new H2e.

Vision Marine Technologies' revolutionary electric outboard has undergone extensive testing and third party validation, both on and off the water, to make it the best designed and best supported product on the market: the perfect fit for the Four Winns H2e.