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Vision鈥疢arine Positions for Growth with Exclusive Nimbus鈥疊oats USA Distribution on Florida's West Coast

• Exclusive Letter of Intent for West Coast distribution of Nimbus Boats USA

• Expands Nautical鈥疺entures' lineup with premium Scandinavian鈥慸esigned models

• Strategic step to broaden Vision鈥疢arine's portfolio after acquiring Nautical鈥疺entures

• Enhances choice and experience for boaters in Florida's top market

FORT LAUDERDALE, FL / / August 14, 2025 / Vision鈥疢arine Technologies Inc. (NASDAQ:VMAR) ("Vision鈥疢arine" or the "Company"), a leader in premium on鈥憌ater experiences and the owner of Florida鈥慴ased dealership network Nautical鈥疺entures, today announced that Nautical鈥疺entures has entered into a Letter of Intent with Nimbus鈥疊oats USA to exclusively distribute Nimbus powerboats on Florida's West Coast.

Nimbus's Tender, Commuter, Weekender and Coupe series are recognized worldwide for their Scandinavian design, versatile layouts and meticulous construction. With more than seventy years of heritage, Nimbus is one of the respected powerboat builders in Europe and North America, and the largest Scandinavian boat builders by volume. Upon entering into definitive agreements, which the parties expect to conclude by March鈥�31,鈥�2026, Nautical鈥疺entures would be authorized to promote, sell and service these models in Florida's West Coast region beginning August鈥�1,鈥�2025.

"Adding Nimbus to our lineup will be a strategic move to broaden our product portfolio and serve customers who are seeking premium day鈥慶ruiser and weekender boats," said Alexandre Mongeon, Co鈥慒ounder and Chief Executive Officer of Vision鈥疢arine. "Our vision is to curate the best selection of boats on the market and deliver an elevated on鈥憌ater experience. This partnership will expand our reach in Florida, leverage the sales and service capabilities of Nautical鈥疺entures and align with our plan to build a diversified portfolio that addresses high鈥憁argin segments. We believe it will position us to capitalize on strong consumer demand and favourable market trends, while continuing to support and grow our existing brand relationships."

Industry data underpins the commercial rationale for the partnership. Boating and fishing contribute roughly $1.2鈥痶谤颈濒濒颈辞苍 to the U.S. outdoor recreation economy and support more than 812,000 jobs [1]. Florida is the largest market for new powerboats, engines and accessories, generating $6.4鈥痓颈濒濒颈辞苍 in sales in 2023, a 3.1鈥痯ercent increase over the prior year [2]. The National Marine Manufacturers Association projects that new powerboat sales will rebound in 2025, with total boating expenditures expected to rise 3-5 percent above 2024's record levels [3]. Adventure鈥憇tyle boats-versatile models designed for day trips, water sports and island hopping-are among the fastest鈥慻rowing categories in recreational boating, and Nimbus's Tender, Commuter, Weekender and Coupe series are squarely in this segment. These trends suggest a sizable and resilient addressable market for high鈥憅uality day boats and weekenders [4].

[1]
[2] www.marinadockage.com/
[3] https://boatingindustry.com/
[4] U.S. boating and outdoor recreation statistics sourced from the National Marine Manufacturers Association and the U.S. Bureau of Economic Analysis. See NMMA press release "Innovation Driving U.S. Boat Sales Demand As Key Winter Boat Show Buying Season Gets Underway" () and Boating Industry article "NMMA shares 2024 U.S. boat sales stats" () for projections on powerboat sales. Adventure鈥憇tyle boat trend commentary reflects general market observations and is not tied to a specific citation.

The Nimbus partnership is one of several initiatives Vision鈥疢arine is pursuing as it structures and expands its brand portfolio under new leadership. In June 2025, the Company acquired Nautical鈥疺entures, a Florida鈥慴ased recreational boat dealership, marina and service provider widely recognized as one of the top networks in the United States and the number鈥憃ne Axopar dealership worldwide. Nautical鈥疺entures operates nine high鈥憊olume retail locations across Florida and distributes a diverse range of premium brands- including Axopar, Beneteau, Brabus, Edgewater, Highfield, NorthStar, Smokercraft, Wellcraft -serving customers from pontoons to luxury yacht owners. The acquisition created North America's first electric boat propulsion and multi鈥慴rand retail company, combining Vision鈥疢arine's high鈥憊oltage E鈥慚otion鈩� powertrain and electric boats with Nautical鈥疺entures' established sales and service infrastructure. Integrating Nimbus into this platform is part of a broader strategy to offer consumers the best products across propulsion types while supporting long鈥憈erm growth for all brands in the Nautical鈥疺entures family.

About Vision鈥疢arine

Vision鈥疢arine Technologies Inc. (NASDAQ:VMAR) is a leader in high鈥憄erformance electric propulsion systems and premium boating experiences. The Company's proprietary E鈥慚otion鈩� 180 horsepower electric outboard is the first high鈥憊oltage system purpose鈥慴uilt for the marine industry. In June 2025 Vision鈥疢arine acquired Nautical Ventures, creating North America's first electric propulsion and multi鈥慴rand boat retail company. The combined entity operates nine retail locations across Florida and distributes a wide range of prestigious boating brands. By uniting advanced technology with established sales and service infrastructure, Vision鈥疢arine aims to accelerate adoption of cleaner, high鈥憄erformance boating and provide consumers with an unmatched on鈥憌ater experience.

About Nimbus鈥疊oats USA

Nimbus Boats USA is the American arm of Nimbus Group, a global leader in the design and manufacture of luxury powerboats. With more than seventy years of heritage, Nimbus has earned a reputation for quality, safety, and innovation, and is the largest Scandinavian boat builder by volume. Its award-winning Tender, Commuter, Weekender, and Coupe series are sold through an extensive international dealer network spanning more than fifty countries. [5].

[5]鈥疦imbus Boats USA information derived from company disclosures and publicly available sources, including Nimbus Group corporate materials.

Forward鈥慙ooking Statement

Certain statements in this press release may constitute "forward鈥憀ooking statements" within the meaning of U.S. federal securities laws. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Forward鈥憀ooking statements include, among others, statements regarding the expected terms and timing of the definitive distribution agreement with Nimbus鈥疊oats USA, anticipated benefits of the partnership, projected market opportunities and Vision鈥疢arine's strategic outlook. Factors that could affect actual results are detailed in the "Risk Factors" section of Vision Marine's filings with the U.S. Securities and Exchange Commission. Vision Marine undertakes no obligation to update or revise any forward鈥憀ooking statements, except as required by law.

Investor and Company Contact:
Bruce Nurse
Investor Relations
(303) 919鈥�2913
产苍蔼惫鈥憁迟颈.肠辞尘

SOURCE: Vision Marine Technologies Inc