Vision Marine Unveils its Phantom Rotomolded Boat And Secures Exclusive Florida Distribution Deal
Portfolio Pulse from Benzinga Newsdesk
Vision Marine Technologies Inc. (NASDAQ:VMAR) unveiled the Phantom, a rotomolded boat, at the Miami International Boat Show 2024, highlighting its economic and environmental benefits. The Phantom, designed for efficiency and affordability, can produce up to 300 units annually at a cost 70% lower than fiberglass alternatives. Vision Marine secured an exclusive distribution deal with Nautical Ventures Marine Group for Florida, including an initial order of 50 units. The Phantom is recyclable, seats up to 10 passengers, and supports both electric and gas motors, making it appealing for a variety of activities.
February 15, 2024 | 2:19 pm
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Vision Marine Technologies Inc. introduced the Phantom, a cost-effective and environmentally friendly rotomolded boat, and secured a distribution deal in Florida with an initial order of 50 units.
The introduction of the Phantom by VMAR represents a significant advancement in the recreational boating industry, offering economic and environmental benefits. The exclusive distribution deal in Florida, a key market for boating, along with the initial order of 50 units, indicates strong market confidence and potential for increased sales and brand visibility. This could positively impact VMAR's stock price in the short term as investors react to the company's innovative product launch and strategic partnership.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100