Vision Marine Technologies Shatters Its Own Speed Record, Powered By E-MotionT Powertrain At Lake Of The Ozarks Shootout

Vision Marine Technologies, Inc. (Nasdaq: VMAR) (“Vision Marine” or the
“Company”), a global leader in the electric recreational boating industry
serving both OEMs and consumers, is proud to announce its Bruce 22 electric
boat powered by its 180 hp fully electric E-MotionT outboard motor set a new
category speed record at the Lake of the Ozarks Shootout, the largest
unsanctioned boat race in the US, which took place August 28-29, 2021.

“We believe that our fully electric technology provided a clear glimpse into
the very near future,” said Xavier Montagne, CTO of Vision Marine
Technologies. “We envision electric boats and outboard motors quickly
becoming mainstream within the consumer markets, and the Lake of the Ozarks
Shootout presented an exciting opportunity for Vision Marine to debut its
E-MotionT outboard motor.”

Electric boats made their debut at the Shootout in 2018, with a 25-mph run
by Randy Vance in Calypso. In 2021, despite experiencing unusually warm
temperatures, Vision Marine was able to achieve a speed of 49 mph,
shattering its own record of 31 mph set in 2019, as the world’s fastest
production electric boat. The Bruce 22, powered by our E-MotionT electric
outboard motor, achieved this milestone with Vision Marine co-founder and
COO Patrick Bobby at the helm.

With a focus on power, speed and performance, Vision Marine is well
positioned to take advantage of growing demand and an accelerating demand by
OEMs and consumers to shift to environmentally friendly electric technology.
The move toward more powerful engines with increased torque, and the
expanded availability of pure electric optionality, is projected to increase
the addressable market for electric outboard motors almost threefold, from
US$4.5 billion in 2018 to US$12.3 billion in 2027.

Key Features of Vision Marine’s Proprietary E-MotionT Technology:

Dramatic increase in efficiency, torque, power, and general performance.
Exceptionally fast charging capabilities
Noiseless engine with minimal vibrations.
Sustainable solution with zero emission.
E-MotionT delivers an exhilarating experience due to its high torque to
horsepower ratio.
90% reduction in fuel and maintenance cost versus traditional ICE powered
boats.
“We are absolutely thrilled with the performance of our Bruce 22 powered by
our E-MotionT electric powertrain at the Lake of the Ozarks Shootout,” said
Alexandre Mongeon, CEO of Vision Marine Technologies. “One of the largest
boating events in the nation, the Shootout provided a tremendous platform to
showcase our electric technology to the boating community.”

Named one of the nation’s eight “must-see” boating events according to
Powerboat Magazine, the Shootout took place for the ninth year at Captain
Ron’s Bar & Grill in Sunrise Beach. The event, now in its 33rd year, raises
funds for eight Lake area rescue teams and numerous other charitable
organizations.

About Vision Marine Technologies, inc.
Vision Marine Technologies, Inc. (Nasdaq: VMAR), strives to be a guiding
force for change and an ongoing driving factor in fighting the problems
associated with waterway pollution by disrupting the traditional boating
industry with electric power, in turn directly contributing to zero
pollution, zero emission and a noiseless environment. Our flagship outboard
powertrain (“E-MotionT”) is the first fully electric purpose-built outboard
powertrain system that combines an advanced battery pack, inverter, and high
efficiency motor with proprietary union assembly between the transmission
and the electric motor design utilizing extensive control software. Our
E-MotionT and related technologies used in this powertrain system are
uniquely designed to improve the efficiency of the outboard powertrain and,
as a result, enhance both range and performance. Vision Marine continues to
design, innovate, manufacture, and sell handcrafted, high performance,
environmentally friendly, electric recreational power boats to customers.
The design and technology applied to our boats results in far greater
enhanced performance in general, higher speeds, and longer range. Simply
stated, a smoother ride than a traditional internal combustion engine (ICE)
motorboat.