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North Sails Performance 2023 - LEADERBOARD

Vision Marine unveils its Phantom rotomolded boat and secures exclusive Florida distribution deal

by Vision Marine Technologies 15 Feb 09:45 PST
Vision Marine unveils its Phantom rotomolded boat © Vision Marine Technologies

Vision Marine Technologies Inc., (NASDAQ: VMAR) ("Vision Marine" or the "Company"), an innovator in the performance electric recreational boating industry, proudly unveils the Phantom, a rotomolded, recyclable, and hard-to-damage boat at the Miami International Boat Show 2024 today.

Vision Marine Technologies introduces the Phantom, a breakthrough in rotomolded boat design, offering significant market advantages through its economic and environmental benefits. Engineered for efficiency, the Phantom enables Vision Marine to produce up to an estimated 300 units annually at a cost that is 70% lower than that of fiberglass alternatives, with potential scalability to 1,500 units per year.

In response to economic uncertainties in the boating industry, Vision Marine has thoughtfully priced the Phantom, ensuring high quality and affordability, thereby reflecting the company's dedication to excellence, cost-effectiveness, and environmental sustainability. Designed to comfortably seat up to 10 passengers, the Phantom will make its debut at the Miami Convention Center, in the Nautical Ventures Booth AquaZone, located in Pride Park at the main entrance to the boat show.

Setting a new standard for capacity and durability, the Phantom's high-density polyethylene hull is both strong and environmentally friendly, capable of being recycled up to nine times, distinguishing it from smaller models like Brunswick's Veer.

Vision Marine has secured an exclusive distribution agreement with Nautical Ventures Marine Group for Florida, highlighting market confidence in the Phantom. This partnership is reinforced by an initial order of 50 units, positioning the Phantom as a future staple on Florida's waters.

Roger Moore, CEO of Nautical Ventures, comments, "We recognize a growing demand for rotomolded boats among our Florida clientele for several reasons: their affordability enables entry-level ownership; they support both electric and gas motors, appealing to eco-conscious and traditional boaters alike; and their versatility makes the Phantom ideal for various activities, from fishing to leisure. With its 10-person capacity and maintenance-free design, the Phantom meets a wide range of needs."

The Phantom's launch underscores Vision Marine's commitment to innovation, durability, and environmental stewardship, establishing it as the preferred option for those valuing durability and eco-friendliness in their boating adventures. Its versatile design suits it for use as a tender, family boat, fishing vessel, and a prime choice for boat rental centers worldwide. The first unit will be presented to 4Ocean, a global ocean cleanup partner of Vision Marine, highlighting the company's dedication to environmental conservation.

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