Vision Marine Inks Joint Development Agreement With Weismann Marine

• Vision Marine Technologies Inc (NASDAQ:VMAR) has signed a joint development agreement with Weismann Marine LLC to design and develop a lower unit assembly for its E-Motion 180 HP outboard propulsion system. The financial terms were not disclosed.
• The parties intend to design an operational prototype for a lower unit designated "MK5", which will reduce power loss through the gear system, reduce hydrodynamic drag, and mitigate operational gear noise.
• Weismann Marine will design, develop, procure materials, and produce lower unit prototypes for testing and evaluation.
• The lower unit assembly, when completed, will be incorporated into the E-Motion powertrain through the agreement announced October 2021 with Linamar Corp (OTC:LIMAF) subsidiary McLaren Engineering. 
• Price Action: VMAR shares are trading higher by 17.2% at $5.45 on the last check Friday.