Mr. Alexandre Mongeon reports

VISION MARINE TECHNOLOGIES ANNOUNCES NAUTICAL VENTURES' APPOINTMENT AS EXCLUSIVE STERK YACHTS DEALER IN FLORIDA

Vision Marine Technologies Inc.'s subsidiary, Nautical Ventures Group Inc., has been appointed the exclusive authorized dealer for Sterk Yachts in Florida.

Named Boating Industry's 2024 Top 100 Dealer of the Year, Nautical Ventures will represent Sterk models distributed by MS Marine USA Inc. throughout Florida. The appointment adds Sterk's premium conventionally powered day boats to Nautical Ventures' product portfolio and may also support future electric Sterk opportunities through Vision Marine's propulsion technology.

The appointment was established through a dealer agreement between Nautical Ventures and MS Marine USA, Sterk Yachts' authorized U.S. distributor. Under the agreement, Nautical Ventures' exclusivity in Florida remains subject to the specified sales performance and payment conditions.

Nautical Ventures will provide product consultation, customer demonstrations, sea trials, delivery support, after-sales service and local brand representation through its established Florida sales and service network.

"Sterk yachts combine European design, performance and practical functionality in a product well suited to the Florida market," said Alexandre Mongeon, chief executive officer of Vision Marine Technologies. "Their addition expands Nautical Ventures' premium day boat offering and gives customers access to the brand through an established sales, delivery and service network."

"Nautical Ventures is the type of network we want to work with as Sterk Yachts expands in the United States, combining strong market knowledge, customer reach and established service capabilities," said Milan Sterk, founder and managing partner of Sterk Yachts. "Vision Marine is also an important technology partner as we continue evaluating how advanced propulsion solutions can contribute to the development of Sterk yachts and the future of boating."

The dealership relationship may also support the future introduction of electric Sterk yachts in Florida. Vision Marine's E-Motion 180E high-voltage propulsion system has already been successfully integrated into and publicly demonstrated on the Sterk 31E, establishing a connection between Sterk Yachts' vessel platforms, Vision Marine's propulsion technology and Nautical Ventures' retail and service capabilities.

"The Sterk 31E demonstrates what can be achieved by bringing together Sterk Yachts' European design and Vision Marine's E-Motion propulsion technology," said Maxime Poudrier, chief operating officer of Vision Marine Technologies. "Nautical Ventures adds an established customer-facing network that could support the future introduction and servicing of electric Sterk yachts in Florida."

Customers throughout Florida will have local access to Sterk yachts available through MS Marine USA, together with professional product consultation, sea trials, delivery support and comprehensive after-sales service.

By connecting Sterk Yachts' premium product portfolio with Nautical Ventures' customer-facing network and Vision Marine's propulsion technology, the appointment supports Vision Marine's vertically integrated growth strategy across technology, retail and service. The parties intend to build on their existing relationships over the longer term through continued commercial and technical cooperation. Any broader commercial availability of electric Sterk yachts will remain subject to successful technical validation, production readiness, product availability, and applicable commercial and regulatory requirements.

About Nautical Ventures Group Inc.

Nautical Ventures is a Florida-based marine retailer and a subsidiary of Vision Marine Technologies. The company operates a network of sales and service locations throughout Florida and offers new and preowned vessels, yacht tenders, watersports equipment, brokerage, maintenance, delivery, and comprehensive customer support. Nautical Ventures was named Boating Industry's 2024 Top 100 Dealer of the Year.

About Vision Marine Technologies Inc.

Vision Marine Technologies is a marine technology company and vertically integrated recreational boating platform delivering premium on-water experiences across electric and internal combustion engine segments.

Through its proprietary E-Motion high-voltage electric propulsion technology and its Nautical Ventures multibrand retail, marina and service network, Vision Marine combines marine engineering, direct consumer access, OEM (original equipment manufacturer) relationships, service infrastructure and customer support capabilities.

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