The latest announcement is out from Vision Marine Technologies ( (VMAR) ).
Vision Marine Technologies Inc. has entered into a three-year exclusive supply agreement with MS Marine GmbH (STERK), positioning itself as the sole provider of electric propulsion systems for STERK boats. This agreement grants Vision Marine exclusive global distribution rights for electric-powered Sterk vessels, marking a significant step in its European expansion strategy. The collaboration will allow Vision Marine to introduce these vessels to the North American market and solidify its presence in Europe. The agreement also includes quality assurance measures and technical training for STERK’s workforce, ensuring optimal integration and customer support. This partnership is expected to strengthen Vision Marine’s role in the growing electric boating market, driven by increasing consumer demand and regulatory shifts towards sustainable solutions.
More about Vision Marine Technologies
Vision Marine Technologies Inc. is a leader in the electric marine propulsion industry, focusing on providing electric propulsion systems for boats. The company is dedicated to expanding its market presence, particularly in Europe, and is committed to delivering sustainable and high-performance boating solutions.
YTD Price Performance: -51.59%
Average Trading Volume: 5,504,274
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.15M
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