Announcement • Jun 24
Vision Marine Technologies Receives Uspto Notice of Allowance for Electric-Vessel Powertrain Authentication Technology Vision Marine Technologies Inc. has received a Notice of Allowance from the United States Patent and Trademark Office for its U.S. patent application titled, "Authentication of One or More Powertrain Components of an Electric Vessel." The Notice of Allowance indicates that the USPTO has examined the application and determined that it is allowable. The application is among the earlier patent applications in Vision Marine's portfolio to receive a Notice of Allowance and represents progress in the Company's intellectual-property program for high-voltage electric marine propulsion. The allowed application relates to the authentication of one or more components within an electric-vessel powertrain. A high-voltage marine propulsion system brings together the propulsion motor, power electronics, battery systems, power-distribution equipment, vessel controls and related electronic components. The application addresses component authentication within that integrated operating environment. Vision Marine's intellectual-property portfolio also includes issued U.S. patents and multiple additional U.S. patent applications pending. The pending applications relate to elements of high-voltage electric marine propulsion, including battery architecture, power distribution, propulsion controls, cooling systems, mechanical integration, communications and vessel-level operating systems. For investors, the Notice of Allowance marks a clear progression beyond a patent filing: the application has been examined and found allowable by the USPTO. Any U.S. patent that issues from the application will provide protection defined by the claims granted by the USPTO. Announcement • Jun 20
Vision Marine Technologies Inc. Announces Retirement of Founder Roger Moore, Effective June 18, 2026 Vision Marine Technologies Inc. announced the retirement of Roger Moore, founder of Nautical Ventures Group Inc., effective June 18, 2026. Mr. Moore retired from his executive responsibilities and day-to-day management following the completion of the integration phase associated with Vision Marine’s acquisition of Nautical Ventures in June 2025. Mr. Moore’s retirement concluded a distinguished career spanning decades in the U.S. marine industry, during which he built Nautical Ventures into one of North America’s most recognized and respected marine dealership organizations. Founded by Mr. Moore, Nautical Ventures evolved from a single-location operation into a premier Florida-based marine enterprise encompassing dealership operations, marina facilities, service infrastructure, financing capabilities, rentals, boat clubs and innovative marketing platforms. During its development, the organization expanded to 13 locations and established relationships with many of the marine industry’s leading manufacturers. In 2024, Nautical Ventures was named the No. 1 dealer in Boating Industry’s Top 100 Dealers ranking in the United States. Following Vision Marine’s acquisition of Nautical Ventures, Mr. Moore played a key role in supporting the transition while helping preserve the customer relationships, manufacturer partnerships and operational foundation that contributed to the company’s long-standing success. As part of the next phase of operations, Nautical Ventures will continue to be managed by its existing operational leadership team under the strategic oversight of Vision Marine’s executive leadership. Clement Magot, General Manager of Nautical Ventures, and Matthew Andrews, General Manager of Nautical Ventures, will continue overseeing day-to-day operations, sales execution, customer experience and operational performance across the Nautical Ventures platform. Mr. Magot brings prior marine sales leadership experience from Groupe Beneteau, while Mr. Andrews brings prior industry experience from Denison Yachting and supports financing, transaction processing and customer delivery coordination. As part of this transition, effective June 18, 2026, Mr. Moore has stepped down from all executive responsibilities and will not hold any executive, board or shareholder position within Vision Marine Technologies. The Company anticipated that Mr. Moore may provide limited advisory support from time to time, as requested, to assist with continuity of certain strategic relationships and initiatives. New Risk • Jun 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 54x increase in shares outstanding). Market cap is less than US$10m (US$407.3k market cap). 
