Xavier Montagne appointed Deputy CEO of

MONTREAL, Dec. 17 2021 (GLOBE NEWSWIRE) – Vision Marine Technologies, Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), the world leader in the electrical transition of the yachting industry serving both OEMs and consumers, is pleased to announce that Xavier Montagne, currently Chief Technology Officer of Vision Marine, has been appointed to additional position of Chief Operating Officer.

Xavier Montagne was a visionary when it came to the design and construction of our first generation fully electric propulsion system, the revolutionary E-Motion 180e. Mr. Montagne has been responsible for direct engagement with engineers at McLaren Engineering, a division of Linamar Corporation (TSX: LNR), and has been instrumental in advancing Vision Marine’s ability to increase production for sales to global OEMs.

Before Vision Marine acquired the intellectual property from MAC Engineering relating to marine outboard electronic systems and Mr. Montagne joined Vision Marine as Chief Technology Officer (announced February 23, 2021), Mr. Montagne was Senior Designer for Foresee Power, Panasonic and Saft in Europe. , designing low and high voltage battery management systems. At MAC Engineering, in his role as CEO and Principal Engineer, Mr. Montagne was responsible for electronic architecture design, product selection, integration, fine-tuning, optimization and performance overall. In addition, Mr. Montagne participated in the development of the sporty version of the Renault ZOE, using his expertise to help design the definition, design and assembly of the powertrain. This car was used to open Formula E shows and was driven by legendary French racing driver Alain Prost.

“Over the past few months it has been extremely productive working with Xavier to develop our technology and showcase our E-Motion 180e at many boat shows. His leadership provided Vison Marine with the opportunity to work with engineering and technical teams across the maritime industry. Xavier is our primary link with the Linamar / McLaren engineering team, ”said Alex Mongeon, co-founder and CEO of Vision Marine.

We are also pleased to announce that Patrick Bobby, Co-Founder and Director, will take on a newly created position as Head of the Performance & Special Projects Division of Vision Marine.

About Vision Marine Technologies, Inc.

Vision Marine Technologies, Inc. (NASDAQ: VMAR). Our flagship outboard powertrain (“E-Motion ™”) is the first fully electric outboard powertrain system that combines an advanced battery pack, inverter and high output motor with a proprietary union assembly between transmission and electric motor design using extensive control software. Our E-Motion ™ and associated technologies used in this powertrain system are uniquely 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 artisanal, high performance, environmentally friendly electric pleasure boats to its customers. The design and technology applied to our boats results in much better performance overall, higher speeds and greater range. Simply put, a smoother ride than a traditional internal combustion engine (ICE) motor boat.

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”, “prospect” and “project” and other similar expressions which predict or indicate future events or trends or which are not statements of historical questions. For example, when Vision Marine discusses scaling up production, it uses forward-looking statements. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. Accordingly, actual results may differ materially from these expectations due to changes in economic, business, competitive, market, regulatory and other global, regional or local factors, many of which are beyond the control of Vision Marine. Important factors that could cause actual results to differ materially from forward-looking statements are set out 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. 2020, as these factors may be updated from time to time in Vision Marine’s periodic filings with the SEC. Any forward-looking statement contained in this press release speaks only as of the date of this press release. Vision Marine assumes no obligation to update or publicly review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable securities laws. . https://visionmarinetechnologies.com.

Investor and company contact:
Bruce Nurse
Vision Marine Technologies, Inc.
(800) 871-4274
[email protected]

Wayne brennan
Vision Marine Technologies, Inc.
[email protected]

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