On Monday, Vision Marine Technologies Inc.VMAR announced a new production initiative with Smoker Craft Inc., a U.S.-based pontoon manufacturer focused on precision engineering and advanced manufacturing capabilities.
What Happened: Vision Marine, an electric boating solutions provider, and its manufacturing partner will leverage their combined expertise to redefine electric pontoon capabilities.
The collaboration is expected to produce a pontoon platform to integrate Vision Marine's high-performance (180 HP) electric propulsion systems, specifically the pontoon-designed P-Powerpack.
Smoker Craft manufacturing facilities provide precision engineering, laser cutting technology, and quality control, making it an ideal collaborator to bring Vision Marine's E-Motion 180E Electric Powertrain to market.
Why It Matters: The new pontoon platform is intended primarily for rental operations, boat clubs, and commercial applications for delivering high-voltage electric propulsion solutions.
The collaboration is expected to enable Vision Marine to meet increasing market demand and provide rental operators with a high-performance electric boating option.
"Having successfully integrated our electric propulsion systems into various pontoons over the past three years, we are certain this electric pontoon will set a new benchmark on the water and redefine the pontoon boating experience," said Alexandre Mongeon, CEO of Vision Marine.
"This partnership is expected to empower Vision Marine to scale production to meet demand. By offering high-performance solutions for the commercial and rental markets with world-class recreational boat finish and quality, Vision Marine believes it will transform the marine industry through electric propulsion," said Phil Smoker, Vice President of Sales at Smoker Craft.
Price Action: At last check on Monday, VMAR stock was up 1.45% at $2.80 during the premarket session.
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