Vision Marine (NASDAQ: VMAR) has executed a Manufacture and Supply Agreement with Linamar Corporation (TSX: LNR), a global leader in manufacturing solutions and world class developer of highly engineered products. Under the terms of the agreement, McLaren Engineering, Linamar’s leading-edge technology and product development team for its advanced mobility segment, will manufacture and assemble Vision Marine’s E-Motion™ technology through testing, parts, tooling development, and designing the union assembly for mass production of Vision Marine’s disruptive fully electric outboard motor at Linamar’s facility in Canada.
“We believe our partnership with Linamar/McLaren validates our proprietary powertrain technology, and positions Vision Marine to scale production in order to meet the growing demand from major boating OEMs, which will require our ability to deliver thousands of electric outboards. We are in continuous discussions with numerous manufacturers,” said Alexandre Mongeon, co-founder, and CEO of Vision Marine.
Disclosure
Vision Marine Technologies Inc. (VMAR) is a client of RedChip Companies, Inc. and agreed to pay RedChip Companies, Inc. $10,000 a month, beginning in May 2021, for 7 months of RedChip investor awareness services.
