Vision Marine Technologies Completes Tender-Rigging Consolidation at Fort Lauderdale Marina and Announces Pending Sale of Palm City Property

Vision Marine Technologies Inc. (NASDAQ: VMAR) (TSXV: VMAR) ("Vision Marine" or the "Company"), a marine technology and recreational boating company combining proprietary propulsion technology with direct consumer access through its Nautical Ventures retail, service and marina platform, today announced the completion of the relocation of tender-rigging operations from Palm City to Nautical Ventures' Fort Lauderdale Marina and the pending sale of the Palm City, Florida property.The relocation of tender-rigging operations to Nautical Ventures' Fort Lauderdale Marina was completed in May 2026. Since the transition, the Company has reduced operating costs, improved operational efficiency and streamlined tender preparation and delivery by bringing service, rigging, logistics and delivery activities together within one waterfront operating facility.The tender category is an established component of Nautical Ventures' broader boating platform. From 2022 through 2024, Nautical Ventures sold over 600 tenders through its Florida dealership network, generating more than US$14 million in tender-related revenue. Centralizing tender preparation, rigging, logistics and delivery at Fort Lauderdale Marina aligns this business category with the Company's waterfront service, parts and delivery infrastructure.With the operational transition complete, the Palm City property, which had operated primarily as a dedicated tender-rigging facility, is no longer required for that purpose. The pending disposition is intended to simplify Vision Marine's Florida real-estate footprint."The successful integration of our Palm City operations into Fort Lauderdale reflects the progress we have made over the past several months," said Alexandre Mongeon, Chief Executive Officer of Vision Marine. "We have reduced operating costs, improved execution and created a more efficient platform that better supports our customers. This is another important step toward building an integrated marina operation designed to support our long-term growth strategy."The completed consolidation and pending Palm City disposition form part of Vision Marine's ongoing operational optimization initiative, focused on concentrating resources within facilities that support its retail, service, marina, parts and delivery capabilities.The pending Palm City transaction remains subject to customary closing conditions. There can be no assurance that the transaction will close on the anticipated terms or at all. Vision Marine may provide further updates regarding the closing of the transaction, as appropriate.

Vision Marine Technologies Completes Tender-Rigging Consolidation at Fort Lauderdale Marina and Announces Pending Sale of Palm City Property

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