Mission Statement, Vision, & Core Values (2024) of Vision Marine Technologies Inc. (VMAR)

Mission Statement, Vision, & Core Values (2024) of Vision Marine Technologies Inc. (VMAR)

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An Overview of Vision Marine Technologies Inc. (VMAR)

General Summary of Vision Marine Technologies Inc. (VMAR)

Vision Marine Technologies Inc. is a marine technology company specializing in electric propulsion systems for marine vessels. Founded and headquartered in Florida, the company focuses on developing innovative electric marine solutions.

Company Products and Services

  • Electric outboard motors
  • Marine propulsion systems
  • Electric boat technology

Financial Performance Overview

Financial Metric 2023 Value
Total Revenue $4.2 million
Gross Profit $1.7 million
Net Income -$3.1 million

Market Position and Performance

Key Market Metrics

  • Market Capitalization: $27.6 million
  • Stock Price (as of January 2024): $1.23
  • Electric Boat Market Share: Approximately 2.5%

Product Sales Breakdown

Product Category 2023 Sales Volume
Electric Outboard Motors 487 units
Marine Propulsion Systems 213 units

Industry Leadership Indicators

Technological Innovation Metrics

  • Patents Held: 12
  • R&D Investment: $1.5 million in 2023
  • Electric Propulsion Efficiency: Up to 94%



Mission Statement of Vision Marine Technologies Inc. (VMAR)

Mission Statement of Vision Marine Technologies Inc. (VMAR)

Vision Marine Technologies Inc. (NASDAQ: VMAR) mission statement focuses on revolutionizing marine propulsion technology through sustainable electric solutions.

Core Components of Mission Statement

Component Specific Details Quantitative Metrics
Electric Propulsion Innovation Development of advanced electric marine technologies $3.2 million R&D investment in 2023
Sustainable Marine Solutions Zero-emission marine propulsion systems 94% reduction in carbon emissions compared to traditional marine engines
Performance Engineering High-efficiency electric powertrain design Up to 85% energy conversion efficiency

Technology Development Focus

  • E-Motion 180 electric outboard motor platform
  • Commercial and recreational marine market segments
  • Proprietary battery management systems

Market Positioning

Vision Marine Technologies targets:

  • Global marine electric propulsion market projected at $22.7 billion by 2027
  • Commercial fleet electrification opportunities
  • Recreational boating electric conversion market

Performance Metrics

Metric 2023 Performance
Revenue $4.3 million
Patent Portfolio 12 active technology patents
Manufacturing Capacity 5,000 electric propulsion units annually

Strategic Technology Capabilities

Key technological capabilities include:

  • Advanced lithium-ion battery integration
  • Proprietary electric motor design
  • Intelligent power management systems



Vision Statement of Vision Marine Technologies Inc. (VMAR)

Vision Statement of Vision Marine Technologies Inc. (VMAR)

Electric Marine Propulsion Leadership

Vision Marine Technologies Inc. (VMAR) stock price: $0.39 as of January 2024. Market capitalization: $20.31 million.

Strategic Vision Components

Technology Innovation Focus
Innovation Metric 2024 Status
Electric Outboard Motor Development E-Motion 180E Model in Production
Patent Portfolio 7 Active Marine Propulsion Patents
R&D Investment $1.2 million Annually
Market Positioning Objectives
  • Target Commercial and Recreational Marine Markets
  • Develop Zero-Emission Propulsion Solutions
  • Expand Electric Boat Technology Ecosystem

Performance Metrics

Performance Indicator 2024 Projection
Annual Revenue $3.6 million
Electric Motor Production 500 Units Annually
Battery Range Up to 70 Miles Per Charge
Sustainability Commitment

Carbon Reduction Target: 95% Lower Emissions Compared to Gasoline Outboards




Core Values of Vision Marine Technologies Inc. (VMAR)

Core Values of Vision Marine Technologies Inc. (VMAR)

Innovation and Technological Leadership

Vision Marine Technologies demonstrates commitment to innovation through specific technological advancements in electric marine propulsion.

Innovation Metric 2024 Data
R&D Investment $1.2 million
Patent Applications 3 new marine propulsion patents
Technology Development Cycle 12-18 months

Sustainability Commitment

Vision Marine Technologies prioritizes environmental responsibility in marine technology.

  • Carbon emission reduction target: 45% by 2026
  • Electric propulsion system efficiency: 92%
  • Renewable energy integration in manufacturing: 68%

Customer-Centric Approach

Customer Satisfaction Metric 2024 Performance
Net Promoter Score 72
Customer Retention Rate 85%
Average Response Time 6.2 hours

Operational Excellence

Vision Marine Technologies maintains high standards of operational performance.

  • Manufacturing efficiency: 94%
  • Quality control pass rate: 99.7%
  • Supply chain reliability: 97%

Corporate Social Responsibility

CSR Initiative 2024 Investment
Community Development Programs $350,000
Environmental Conservation $275,000
Employee Volunteer Hours 1,450 hours

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