en.Wedoany.com Reported - Vision Marine Technologies Inc. (NASDAQ: VMAR; TSX Venture Exchange: VMAR) announced technological advancements in its E-Motion™ high-voltage electric marine propulsion system in Boisbriand, Quebec. The company has translated real-world testing and feedback data into system optimizations, with recent internal tests showing approximately 10% improvement in cooling efficiency compared to previous evaluation conditions. The company also received enhanced high-voltage battery packs from Octillion Power Systems Inc., offering approximately 7.5% greater capacity than the current production version, with integration verification still ongoing. Through bill of materials reviews and parts simplification, some assembly complexities of the E-Motion™ system have been reduced to support long-term manufacturability and cost control. Additionally, the company restructured its firmware architecture to improve maintainability and advanced the ZCU enclosure design to enhance system installation consistency.
These optimizations are based on the newly launched E-Motion™ data platform, which collects system performance, diagnostic, and usage data for product improvements and customer service. CEO Alexandre Mongeon stated that with thousands of hours of on-water integration experience across multiple boat models, the company can leverage real operational data and maintenance feedback to refine cooling, battery, firmware, and assembly architectures. The goal is to combine propulsion technology with retail and service through the Nautical Ventures platform, building a scalable electric marine platform.
In the fiscal quarter ending May 31, 2026, the company issued a total of 2,275,316 common shares under its market stock issuance plan. Gross proceeds from such sales amounted to $2,585,998, and after deducting total commissions and transaction costs of $175,718, the company realized net proceeds of $2,410,280. The company plans to use the net proceeds for general corporate purposes, including working capital and execution of strategic initiatives.
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