Innovative Partnership between Vision Marine Technologies and Nautical Ventures Marine Group

Vision Marine Technologies Inc. (NASDAQ: VMAR), a pioneer in the electric boating sector, announces a collaboration with Nautical Ventures Marine Group, a leader in maritime products and services. This alliance is marked by an initial order of 50 units of the Phantom, an eco-friendly and recyclable boat, and by the establishment of an exclusive distribution agreement for South Florida.

The Phantom, known for its sustainable design, heralds a new era in maritime technology. Its construction from fully recyclable materials sets a standard for environmental responsibility. This initial order underscores Nautical Ventures Marine Group's confidence in the market potential of the Phantom and its commitment to greener marine solutions.

The exclusive partnership stipulates that Nautical Ventures Marine Group will be the sole distributor of the Phantom in the thriving South Florida market, thereby enhancing the visibility and availability of the boat. The collaboration was highlighted at the Miami Boat Show, where an additional four units of the Phantom were sold.

Furthermore, Vision Marine is facing a compliance challenge concerning the Nasdaq's minimum bid price requirement for its shares. The company has 180 days to meet this requirement, implementing measures to achieve this goal.

This partnership between Vision Marine Technologies and Nautical Ventures Marine Group signifies a significant step towards more environmentally friendly and sustainable recreational boating, while emphasizing the importance of innovative marine solutions.