“As we enter the new calendar year, we remain extremely excited about the opportunity that lies before us,” stated Limestone CEO
Production Update:
Demand continues to outstrip supply in the boating industry and Limestone’s brand awareness is growing at a rapid pace. The Company’s focused commitment to improving production processes and expanding its skilled labor force are critical to ensuring that Limestone fulfils the order backlog that the Company is currently experiencing.
Limestone Boats reports that its production numbers have steadily increased in its
“Our investments in a number of critical areas will certainly pay dividends in 2022 and beyond,”
The
Limestone is pleased to report on the progress of its electric outboard engine partnership with Vision Marine Technologies (“Vision Marine”) (Nasdaq: VMAR) and its goal to produce a one-of-a-kind experience on the water, including performance, a noiseless environment, zero pollution, and zero emission to reduce the environmental impact. Vision Marine has completed the EV retrofit of the first Aquasport 2100CC, integrating two 35kWh battery packs and Vision Marine’s proven E-Motion™ 180E engine, proprietary rigging, on board charging system, and digital screens at the helm in preparation for sea trials scheduled to occur prior to the upcoming Miami Boat Show
Vision Marine has partnered with
“Vision Marine will have a highly efficient and unique product to utilize in conjunction with our E-Motion™ fully electric powertrain,” said
Limestone is on the verge of bringing EV technology to boating enthusiasts who demand big water performance, range and operating times that suit their coastal fishing and family cruising lifestyles. With their shared goal of offering state-of-the-art EV power and establishing the companies as leaders in the rapidly growing electric boat segment, Limestone expects to make Vision Marine’s E-Motion™ 180E outboards available on select Aquasport and Limestone models to its customers in Q4 2022.
Leadership Addition:
Limestone has emphasized the importance of building a strong team to implement and execute on its strategic growth plan, and is proud to announce the appointment of Mr.
Mr. McDevitt’s former experience includes acting as the Director of Marketing and Customer Experience at the
“We are extremely excited to welcome Keith to the team here at
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-Motion™”) 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-Motion™ 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.
About The
The
For more information, contact:
Investor Relations:
800-720-2395
bill@limestoneboats.com
www.limestoneboatcompany.com
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Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “anticipate”, “believe”, “could” “should”, “would”, “estimate”, “expect”, “forecast”, “indicate”, “intend”, “likely, “may”, “plan”, “potential”, “project”, “outlook”, “seek”, “target”, “trend” or “will” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company is subject to a number of risks relating to integration and go-forward operations, certain of which are more particularly described in the Company’s public filings available on SEDAR including, without limitation, the filing statement filed by the Company on
Many factors could cause actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements. All the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors in this press release. There can be no assurance that the actual results or developments will be realized or, even if substantially realized, will have the expected consequences to, or effects on, the Company. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update these forward-looking statements.
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