Press Releases

Press Releases, Technology

Vision Marine Technologies Announces the Launch of the E-Motion™ 180e Inboard The Most Efficient and Powerful Inboard Electric Motor System on the Market

Montreal, Canada – September 23, 2024 – Vision Marine Technologies Inc. (NASDAQ: VMAR), a pioneer in electric marine propulsion, is excited to announce the launch of its revolutionary E-Motion™ 180e Inboard electric motor system. Delivering an impressive continuous 180hp at the propeller, this new system opens an important market segment for Vision Marine, significantly expanding the range of vessels that can benefit from its advanced electric propulsion technology.

Finance, Press Releases

Vision Marine Technologies Announces Closing of Common Share Offering

Vision Marine Technologies, Inc. (Nasdaq: VMAR) (“Vision Marine” or the “Company”), a pioneer in electric marine propulsion, today announced the closing of its previously announced best-efforts offering of 3,400,000 common shares. Each common share was sold at an offering price of $1.00 per share, for gross proceeds of $3.4 million,
before deducting placement agent fees and other offering expenses. All the shares in the offering were offered by the Company.

Finance, Press Releases

Vision Marine Technologies Announces $3.4 Million Offering

MONTREAL, QC, September 13, 2024 / Vision Marine Technologies, Inc. (Nasdaq:VMAR) (“Vision Marine” or the “Company”), a pioneer in electric marine propulsion, today announced the pricing of a best-efforts offering of 3,400,000 common shares. Each common share is being sold at an offering price of $1.00 per share. All of the common shares in the offering are being offered by the Company. Total gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be $3.4 million. The offering is expected to close on September 16, 2024, subject to satisfaction of customary closing conditions.

Press Releases, Technology

Vision Marine Technologies Teams Up with ePropulsion to Propel its Phantom Plastic Boat

Montreal, QC, August 20, 2024 — Vision Marine Technologies, Inc. (NASDAQ: VMAR)
("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced
that its Board of Directors (the “Board”) has approved a 15-for-1 reverse stock split of the
Company’s common shares. The reverse stock split is expected to become effective when the
market opens on August 22, 2024 (the “Effective Date”). Upon the Effective Date, the
Company’s common shares will begin trading on a split-adjusted basis under the existing
trading symbol "VMAR." The new CUSIP number for the Company’s common shares following
the reverse stock split will be 92840Q103.

Press Releases, Technology

Vision Marine Technologies Announces Reverse Stock Split, Warrant Exchange and Receives Nasdaq Staff Determination Letter Regarding Non-Compliance with Minimum Bid Price Requirement

Montreal, QC, August 20, 2024 — Vision Marine Technologies, Inc. (NASDAQ: VMAR)
("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced
that its Board of Directors (the “Board”) has approved a 15-for-1 reverse stock split of the
Company’s common shares. The reverse stock split is expected to become effective when the
market opens on August 22, 2024 (the “Effective Date”). Upon the Effective Date, the
Company’s common shares will begin trading on a split-adjusted basis under the existing
trading symbol "VMAR." The new CUSIP number for the Company’s common shares following
the reverse stock split will be 92840Q103.

Press Releases, Retail

Vision Marine Technologies Partners with JetRide to Leverage Growing Electric Boat Rental Market

Montreal, QC, June 20, 2024 — Vision Marine Technologies, Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”),a pioneer in electric marine propulsion, is thrilled to announce its partnership with JetRide Holding, LLC, a Florida members-only boat club. This strategic alliance marks Vision Marine’s expansion in the burgeoning electric boat rental market, leveraging JetRide’s extensive network of over 17 boat club locations across Florida.

Press Releases, Technology

Elevating Marine Propulsion Reliability – Vision Marine Technologies Files its 5th Patent on its Unique Vehicle Control Unit

Montreal, QC, June 3, 2024 — Vision Marine Technologies, Inc. (NASDAQ: VMAR) ("Vision
Marine" or the "Company"), a pioneer in electric marine propulsion, is proud to announce the filing of
its fifth patent, focusing on a state-of-the-art vehicle control unit apparatus (the “VCU”) that
maximizes the functionality of an intelligent electric marine powertrain. This latest patent filing
underscores Vision Marines' innovative approach within the maritime sector.

Press Releases, Technology

Vision Marine Technologies Files Patent for Innovative High-Voltage Marine Battery Pack, Opening New Horizons for Electric Marine Market

Montreal, QC, May 22, 2024 — Vision Marine Technologies, Inc. (NASDAQ: VMAR) (“Vision
Marine” or the “Company”), a pioneer in electric marine propulsion, proudly announces the filing
of its fourth patent on May 15, 2024, for a dedicated high-voltage marine battery pack. This
battery pack is a key element of the E-Motion™ Marine Powertrain Technology and will also
be available as a standalone product for future recreational electric powerboats.

Press Releases, Technology

Vision Marine Technologies Files 3rd Patent for Its Unique Power Control Management Software

Montreal, QC, May 7, 2024 — Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision
Marine" or the "Company"), a pioneer in electric marine propulsion, is proud to announce the filing of
a 3rd patent for its innovative Control & Power Management Software, integral to the E-Motion™
High-Voltage (HV) Electric Powertrain. This advanced software, in conjunction with the E-Motion™
multiple sensors, is pivotal in managing the electric boating experience, offering precision and control
over the motor’s impressive torque capabilities, which are crucial for optimizing performance, safety,
and enjoyability for users.

Press Releases, Technology

Vision Marine Technologies Files Second Patent for Electric Marine Vessel Cooling System Control

Boisbriand, Quebec, May 1, 2024 – Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a leading provider of electric propulsion solutions, announces the filing of a patent application for its innovative method and apparatus for controlling the cooling water system of an electric marine vessel.

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