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Vision Marine Technologies Inc. Signs Global Exclusive Supply Agreement With STERK for Electric Boats

1. Vision Marine signs exclusive supply agreement with MS Marine GmbH for electric systems. 2. This deal enhances Vision Marine's market position in the electric marine industry.

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FAQ

Why Bullish?

Exclusive agreements often lead to increased revenue and market share. Similar past announcements led to significant stock price increases.

How important is it?

The exclusive supply agreement is a significant growth opportunity, indicating strong market demand for electric propulsion.

Why Long Term?

The three-year duration of the agreement suggests sustained revenue growth potential and long-term partnerships.

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TSLARIVNNIO
MONTRÉAL, QUEBEC / ACCESS Newswire / February 27, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, proudly announces the signing of a three-year exclusive supply agreement with MS Marine GmbH ("STERK"). This agreement positions Vision Marine as the sole provider of electric propulsion systems for STERK boats and grants Vision Marine the exclusive global distribution rights for electric-powered Sterk vessels with Vision Marine electric propulsion systems.

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