NetworkNewsBreaks — Vision Marine Technologies I
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Posted On: 02/15/2024 3:42:26 PM
NetworkNewsBreaks — Vision Marine Technologies Inc. (NASDAQ: VMAR) Announces New Rotomolded Boat Model, Inks Exclusive Florida Distribution Deal
Vision Marine Technologies (NASDAQ: VMAR), an innovator in the performance electric recreational boating industry, has unveiled its newest offering: the Phantom. The company announced the new rotomolded, recyclable and hard-to-damage boat at the Miami International Boat Show 2024. According to the announcement, the Phantom is a breakthrough in rotomolded boat design that offers significant market advantages through its economic and environmental benefits. The company anticipates producing an estimated 300 units annually at 70% less than the production costs of fiberglass alternatives, with potential scalability to 1,500 units per year. In addition, Vision Marine announced that it has entered an exclusive distribution agreement with Nautical Ventures Marine Group for Florida, reflecting market confidence in the Phantom. The agreement calls for an initial order of 50 units. The Phantom’s launch represents VMAR’s commitment to innovation, durability and environmental stewardship. Nautical Ventures Group offers top-quality water sports products and support. “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,” said Nautical Ventures CEO Roger Moore in the press release. “With its 10-person capacity and maintenance-free design, the Phantom meets a wide range of needs.”
NOTE TO INVESTORS: The latest news and updates relating to VMAR are available in the company’s newsroom at http://nnw.fm/VMAR
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Vision Marine Technologies (NASDAQ: VMAR), an innovator in the performance electric recreational boating industry, has unveiled its newest offering: the Phantom. The company announced the new rotomolded, recyclable and hard-to-damage boat at the Miami International Boat Show 2024. According to the announcement, the Phantom is a breakthrough in rotomolded boat design that offers significant market advantages through its economic and environmental benefits. The company anticipates producing an estimated 300 units annually at 70% less than the production costs of fiberglass alternatives, with potential scalability to 1,500 units per year. In addition, Vision Marine announced that it has entered an exclusive distribution agreement with Nautical Ventures Marine Group for Florida, reflecting market confidence in the Phantom. The agreement calls for an initial order of 50 units. The Phantom’s launch represents VMAR’s commitment to innovation, durability and environmental stewardship. Nautical Ventures Group offers top-quality water sports products and support. “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,” said Nautical Ventures CEO Roger Moore in the press release. “With its 10-person capacity and maintenance-free design, the Phantom meets a wide range of needs.”
NOTE TO INVESTORS: The latest news and updates relating to VMAR are available in the company’s newsroom at http://nnw.fm/VMAR
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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