Vision Marine Technologies Inc. (NASDAQ:VMAR), a leader in electric recreational marine innovation, has partnered with Nautical Ventures Marine Group, a leading marine products and services company. The partnership includes an initial order of 50 units of the Phantom, Vision Marine's rotomolded and recyclable vessel, and an exclusive distribution agreement for South Florida.
The Phantom is recognized for its sustainable design, being built with fully recyclable materials, which sets a new environmental standard in the marine industry. This first purchase order from Nautical Ventures Marine Group demonstrates strong confidence in the Phantom's market potential and commitment to eco-friendly marine solutions.
As the sole distributor in South Florida, Nautical Ventures Marine Group aims to increase the visibility and availability of the Phantom. The strategic partnership was highlighted during the prestigious Miami Boat Show, where another four units were sold, demonstrating the industry's growing focus on sustainability.
Alex Mongeon, CEO of Vision Marine, said he was enthusiastic about the partnership, underlining the shared values of innovation and environmental management between the two companies. Roger Moore, CEO of Nautical Ventures Marine Group, also expressed his confidence in the Phantom's impact on the market, particularly for customers seeking sustainable boating options.
Delivery of the 50 Phantoms is scheduled for the next four months, reflecting a gradual introduction into the South Florida market. Both companies are committed to supporting each other, growing and promoting sustainability in the marine industry.
