Integrates all navigation and navigation functions into one crisp, bright touchscreen
MONTREAL, Jan. 20, 2022 (GLOBE NEWSWIRE) — Vision Marine Technologies, Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), the global leader in the electrical transition of the recreational boating industry serving OEMs and consumers, has partnered with Nextfour Solutions Ltd. (Nextfour) to further develop a custom multi-function display to integrate with Vision Marine’s revolutionary E-Motion™ 180 all-electric powertrain system.
The Q Display is the first marine display that brings the familiar automotive-like user experience to boating by integrating on-board computer, mobile connectivity, chartplotter, protection and entertainment system into one. device. This smart navigation device, called Q Experience, gives confidence in controlling and steering the boat and provides important information to the boater.
“Vision Marine will benefit from industry-leading user experience, performance and a unique product to be used in conjunction with our all-electric E-Motion™ powertrain,” said Alexandre Mongeon, co-founder and CEO. of Vision Marine.
A market-leading technology and design company providing private label integrated marine display solutions, Nextfour brings high-performance connectivity and enhanced user experience and integrations to a new standard.
“There is a growing demand from major electric vehicle OEMs for electric motors,” added Xavier Montagne, COO of Vision Marine. “Collaborating with Nextfour on the Q Experience system will enhance the entire powertrain and allow us to deliver a complete ecosystem for electrifying boating, complete with the best and most intuitive display solution on the market.”
“Nextfour is delighted to support Vision Marine and its efforts to revolutionize the recreational boating industry,” said Niklas Öhman, CEO of Nextfour Solutions. “The E-Motion™ platform offers an unparalleled navigation experience compared to traditional fuel-powered systems. These new platforms will encompass both state-of-the-art energy-dense solutions as well as performance-related options extremes.
The agreement with Vision Marine is the first marine industry partnership for Nextfour in North America. Vision Marine targets high-performance powerboats and pontoons ranging from 18 to 30 feet, with narrow hulls and compartments. Management estimates that 70,000 pontoons are expected to be sold in the United States in 2022 and approximately 380,000 outboard motors. Vision Marine’s disruptive technology is the only EV system certified by the US Coast Guard, Canadian Coast Guard, and meets American Boating and Yacht Council safety standards and European Union imported manufacturing standards. In addition to superior horsepower and torque, the company’s 180 horsepower (hp) E-Motion™ all-electric outboard motor is quiet and smokeless, allowing boaters to protect the environment without sacrificing performance.
In October 2021, Vision Marine announced a manufacturing and supply agreement with McLaren Engineering, a subsidiary of Linamar Corporation, for the testing, manufacturing and assembly of the company’s E-Motion™ electric powertrain, to scale up production on a commercial scale. In January 2022, Vision Marine announced a strategic partnership with Octillion Power Systems to develop a high performance battery solution for the recreational boating industry.
About Vision Marine Technologies, Inc.
Vision Marine Technologies, Inc. (Nasdaq: VMAR), strives to be a driving force for change and an ongoing driving force in tackling waterway pollution issues by disrupting the traditional boating industry with electric power, thereby directly contributing to zero pollution, zero emissions and a quiet environment. Our flagship outboard powertrain (“E-Motion™”) is the first all-electric outboard powertrain system that combines an advanced battery pack, inverter and high-efficiency motor with a proprietary assembly between the transmission and electric motor design using extensive control software. Our E-Motion™ and related technologies used in this powertrain system are specifically designed to improve the efficiency of the outboard powertrain and therefore improve both range and performance. Vision Marine continues to design, innovate, manufacture and sell handcrafted, high performance and environmentally friendly electric leisure motorboats to its customers. The design and technology applied to our boats results in much higher improved performance in general, higher speeds and longer range. Simply put, a smoother ride than a traditional Internal Combustion Engine (ICE) powerboat.
About Nextfour Solutions Ltd.
Nextfour’s mission is to make boating and boating easier and more accessible to everyone. For this mission, the company developed the Q Display, which integrates all navigation and navigation functions into a single crisp and bright touchscreen. The easy-to-use user interface makes navigation simple and smooth. The Q Display is the first marine display that brings the familiar automotive-like user experience to boating by integrating on-board computer, mobile connectivity, chartplotter, protection and entertainment system into one. device. The Q Display is an intuitive system combining the dashboard, sea charts, guard function, weather forecast, radio, cellular connection and Wi-Fi hotspot connecting the display to other devices .
The intuitive and comprehensive approach to the Q experience also provides confidence in boat control and handling. Also part of the Q Experience ecosystem is the mobile app, which includes guard functionality, and an automatic logbook, which records routes and provides information on trip history, economy fuel and weather forecasts/alarms. The guard function provides boat detection and anti-theft alarm when you are out of the boat.
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as ” anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook” and “project” and other similar expressions which predict or indicate future events or trends or which are not statements of historical matters. For example, when Vision Marine discusses the benefits of its agreement with Nextfour, scale-up of production and boating market expectations, it uses forward-looking statements. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties, and therefore actual results may differ materially from those expectations due to ments in global, regional or local economic, business, competitive, business, regulatory and other factors, many of which are beyond Vision Marine’s control. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Vision Marine’s Annual Report on Form 20-F, filed with the United States Securities and Exchange Commission (SEC) for the year ended August 31. 2021, as such factors may be updated from time to time in Vision Marine’s periodic filings with the SEC. Any forward-looking statements in this press release speak only as of the date of this release. Vision Marine undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable securities laws. https://visionmarinetechnologies.com.
Investor and company contact:
Vision Marine Technologies, Inc.