Montreal, Canada, July 13, 2021 – Vision Marine Technologies, Inc. (Nasdaq: VMAR) (“Vision Marine” or the “Company”), a leading manufacturer in the electric recreational boating industry serving both
OEMs and consumers, is pleased to announce today that the Company will partner with Shaun Torrente
of Shaun Torrente Racing to pilot the Hellkats 32’ Super-Sport Widebody Catamaran, equipped with a
twin application of Vision Marine’s groundbreaking E-Motion™ powertrain system.
Shaun Torrente is an integral part of our plan to achieve the world’s fastest electric boat, powered by E-Motion™, the world’s most powerful electric outboard. Mr. Torrente will apply his experience as a multi-series World Powerboat Champion and manufacturer of marine components, to work jointly with Vision
Marine and HellKats Powerboats to design the lower unit section of the engine, in addition to assisting
with rigging, fabrication, and setup of the boat in order to shatter the world speed record. Mr. Torrente
will pilot the Hellkats 32’ widebody boat for the world speed record attempt. Mr. Torrente’s knowledge
and expertise in racing, custom fabrication and machining capabilities make him an invaluable asset in
the research and development of the world’s fastest electric powered catamarans.
Mr. Torrente’s racing career began in the United States when he was 15 years of age, going on to
become an SST-120 (F2) World Champion twice in 2002 and 2003, before moving up and winning the
North American F1 Championship three times. Mr. Torrente’s first full Formula 1 Powerboat World
Championship season was in 2011, with Team Qatar. From 52 starts, Mr. Torrente finished on the
podium fourteen times, winning nine races, and qualifying for pole position nine times.
The Florida native finished runner up in the world title competition in 2013 and 2016, and on two
occasions placed third overall. After three terms with Qatar, he joined the Victory Team at the Grand
Prix of France in 2015, before moving to Team Abu Dhabi at the end of 2017.
In 2018, Mr. Torrente was crowned Formula 1 Powerboat World Champion, winning the title, and
repeating that success the following year with Team Abu Dhabi. Additionally, Mr. Torrente throttled the
Team Abu Dhabi XCAT offshore race boat in 2018, winning the 2018 XCAT World Powerboat
Championship, making him the only racer to win both major UIM world powerboat championships titles
in the same year
About Vision Marine Technologies
Vision Marine Technologies, Inc., strives to be a guiding force for change and an ongoing driving factor in
fighting the problems associated with waterway pollution by disrupting the traditional boating industry
with electric power, in turn directly contributing to zero pollution, zero emission and a noiseless
environment. Our flagship outboard powertrain (“E-Motion™”) is the first fully electric purpose-built
outboard powertrain system that combines an advanced battery pack, inverter, and high efficiency motor with proprietary union assembly between the transmission and the electric motor design utilizing
extensive control software. Our E-Motion™ and related technologies used in this powertrain system are
uniquely designed to improve the efficiency of the outboard powertrain and, as a result, enhance both
range and performance. Vision Marine continues to design, innovate, manufacture, and sell
handcrafted, high performance, environmentally friendly, electric recreational power boats to
customers. The design and technology applied to our boats results in far greater enhanced performance
in general, higher speeds, and longer range. Simply stated, a smoother ride than a traditional internal
combustion engine (ICE) motorboat.
https://visionmarinetechnologies.com/
About Hellkats Powerboats
We are a leading boat manufacturer, specializing in powerboats and using the latest advancements with
the infusion of fiberglass and core construction in our hulls and decks. We use state-of-the-art materials
in all our powerboats. Our company motto is not only to have a good looking and fast catamaran, but
one that is safe and is built with the best labor and material in the market.
We are a leading performance catamaran boat builder in South Florida. Our most popular performance
is a 30’ Sport Catamaran that as of January 2020, holds the unofficial record for being the fastest 30’/44’
small tunnel catamaran that has run up to speeds of 124 mph.
About Shaun Torrente Racing
Shaun Torrente Racing (STR) designs and manufactures innovative products born from racing, applied to
the high-performance powerboat segment, including the billet adjustable STR X-Act Bracket. STR
recently acquired the GSR High Performance Catamaran Driving School, a full 1–2-day course accredited
by all major insurance companies, taught by Shaun Torrente himself. Shaun takes each student through
a comprehensive class that covers everything from maintenance to docking and high-speed maneuvers.
Forward-Looking Statements
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 may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”,
“plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These forward-looking statements reflect the
current analysis of existing information and are subject to various risks and uncertainties. As a result,
actual results may differ materially from these expectations due to changes in global, regional, or local
economic, business, competitive, market, regulatory and other factors, many of which are outside of
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 U.S. Securities and Exchange Commission (SEC) for the year ended August 31, 2020, as such factors
may be updated from time to time in Vision Marine’s periodic filings with the SEC. Any forward-looking
statement in this press release speaks 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 may be required by any applicable securities
laws.
Company Contact
Bruce Nurse
(800) 871-4274
bn@v-mti.com
RedChip Companies Inc.
Dave Gentry
800-RED-CHIP (733-2447) or 407-491-4498
dave@redchip.com