Vision Marine Technologies Advances Asset Streamlining with Florida Property Sale

## Vision Marine Technologies Completes Florida Real Estate Divestiture Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR), a developer of electric marine propulsion systems and electric boats, has completed the sale of its property at 1440 S. Federal Highway in Fort Lauderdale, Florida, the company announced on 4 August 2026. The transaction forms part of the company's ongoing Florida Real Estate Optimization Plan, which is designed to consolidate Vision Marine's operational footprint and redirect resources toward its core marine technology business. According to the company's announcement via PR Newswire, the completed sale 'reflects continued execution toward a simplified and more efficient operating footprint.' Vision Marine, which is headquartered in Boisbriand, Quebec, has been working to establish itself as a leading player in the electric recreational and commercial marine sector. The divestiture of non-core real estate assets is consistent with a broader industry trend among emerging marine technology companies seeking to preserve capital and sharpen strategic focus as the sector navigates a competitive and capital-intensive growth phase. The move is likely to be viewed positively by investors monitoring the company's path toward operational efficiency. By shedding physical assets tied to its Florida presence, Vision Marine signals a shift toward a leaner structure that could better support investment in research, development, and commercialisation of its electric propulsion technology. The electric marine propulsion market has attracted growing interest from both recreational boating and commercial ferry operators in recent years, driven by tightening emissions regulations and increasing demand for sustainable waterborne transport solutions. Vision Marine's ability to streamline costs and focus resources will be closely watched as competition in the segment intensifies. Further details regarding the financial terms of the property sale were not disclosed in the company's public announcement.