Electric Boating Stock Vision Marine Technologies Inc. (Nasdaq: $VMAR) @marine_vision Gains on Partnership News with Massimo Group (NASDAQ: $MAMO) @MASSIMOMOTOR

 

Electric Boating Stock Vision Marine Technologies Inc. (Nasdaq: $VMAR) @marine_vision Gains on Partnership News with Massimo Group (NASDAQ: $MAMO) @MASSIMOMOTOR

 

Investorideas.com (www.investorideas.com) a go-to platform for big investing ideas, including EV stocks reports on trading and news for  Vision Marine Technologies Inc. (Nasdaq:VMAR), a pioneer in electric marine propulsion.

 

The stock traded up in pre- market following news Sunday of a partnership deal for its first commercial electric pontoon platform.

 

Vision Marine Technologies Inc just announced yesterday it entered into a milestone partnership with Massimo Marine, the marine division of Massimo Group (NASDAQ: MAMO). This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. As part of Vision Marine's strategic shift to offer complete electric boats directly to consumers, this partnership represents a key step in rapidly delivering high-quality electric marine products to market.

 

The U.S. pontoon boat market is a growing one. In 2023, pontoon boat sales reached 115,000 units, a 5% increase over 2022 (https://pontoonboatguy.com/). This robust market growth reflects the demand for versatile and family-friendly watercraft. Vision Marine brings extensive expertise to this partnership, with years of experience successfully integrating electric propulsion systems into various boat designs. This unique knowledge ensures that the new electric pontoon platform will meet the highest standards of performance, efficiency, and reliability for both recreational and commercial use.

 

Paid for news dissemination for Vision Marine Technologies Inc. (Nasdaq:VMAR).

 

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(NASDAQ: VMAR) Massimo Marine

 

"This product is the result of years of requests from nautical bases and operators who have been asking for a reliable, turn-key electric solution," said Alexandre Mongeon, CEO of Vision Marine. "With this partnership, we aim to bridge the gap efficiently, delivering what the industry has long demanded. By combining our world-record-breaking, third party-tested technology with Massimo Marine's manufacturing capabilities, we're creating a solution that is as dependable as it is innovative."

 

E-Motion™ electric powertrain-equipped pontoon in Miami pulling a wakeboarder out of the water.

 

Massimo Marine's advanced production facilities in Garland, Texas, are expected to play a pivotal role in delivering these electric pontoons to market efficiently and at scale. "We're proud to be partnering with Vision Marine's innovative propulsion solution in brining truly efficient electric propulsion systems to the commercial and recreational space," said David Shan, CEO of Massimo Group. "This collaboration showcases our shared commitment to innovation and sustainability, providing customers with high-performance electric pontoons through Vision Marine's factory-direct distribution along with our networks."

 

By offering a turn-key product through Vision Marine's direct-to-consumer approach and Massimo Marine's extensive distribution network, the Company and Massimo Marine believe that this partnership will greatly enhance its accessibility to electric boating solutions. This collaboration is more than a production partnership - the Company and Massimo Marine believe that it's a leap toward transforming the marine industry. By addressing the growing demand for zero-emission solutions and offering eligibility for grants and incentives at city, state, and federal levels, this electric pontoon platform can position itself as a cornerstone in sustainable marine transportation.

 

Vision Marine Technologies Inc. (NASDAQ:VMAR) is a pioneer in electric boating, recognized for its innovative E-Motion™ Electric Marine Powertrain Technology that offers a superior, zero-emission boating experience. With proprietary, turn-key electric solutions, Vision Marine combines cutting-edge technology, high-performance propulsion, and eco-friendly systems. The company has broken multiple electric world speed records, showcasing its commitment to pushing the boundaries of performance. Vision Marine is leading the transformation of the marine industry with unmatched power and efficiency for a cleaner future on the water.

 

Massimo Marine, a subsidiary of Massimo Group (MAMO), was established in Garland, Texas, in 2018. Massimo Marine manufactures and sells Ultra Luxury Pontoon and tritoon boats. Massimo Marine is dedicated to innovative design, quality craftsmanship, and great customer services. We are changing the game in the pontoon, tritoon, and fishing boat world by raising the bar when it comes to innovation and features, all of which have helped make Massimo Marine a proven leader in the industry. Every year, we introduce new features, designs, and standard options for our boats that set us apart; while always ensuring we offer our customers pricing advantages that will allow them to have the best boating experience possible.

 

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include predictions, expectations, estimates, and other information that might be considered future events or trends, not relating to historical matters. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2023, and its periodic filings with the SEC provide a detailed discussion of these risks and uncertainties. Vision Marine does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, as required by law.

 

Recent news:

https://finance.yahoo.com/news/vision-marine-technologies-massimo-marine-103000509.html

 

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Disclaimer/Disclosure. This is paid for news dissemination for Vision Marine Technologies Inc. (Nasdaq:VMAR).Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure info https://www.investorideas.com/About/Disclaimer.asp  Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Follow the Money in Trump Trades – From Automotive to Bitcoin; @WorksportLtd

 

Follow the Money in Trump Trades – From Automotive to Bitcoin; @WorksportLtd   

 

Stocks included in this article:  Worksport Ltd. (NASDAQ: $WKSP), Tesla (NASDAQ: $TSLA), General Motors (NYSE: $GM), Riot Platforms, Inc. (NASDAQ:  $RIOT)

   

   

November 25, 2024 - Investorideas.com, a go-to investing platform covering cleantech, automotive and crypto stocks releases a sector snapshot looking at ‘Made in America’ stocks today and moving forward into a new Trump era. featuring Worksport Ltd. (NASDAQ: WKSP), a US-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors.

 

Trump’s “America First” policies with corporate tax cuts and deregulation for American manufacturers have investors looking at what sectors to bet on moving into 2025, The automotive sector is poised to be a big winner with Trump’s  mandate to protect US automakers and their employees.

 

Another sector investors are paying attention to is Crypto, as Bitcoin reaches new all-time highs. It follows that US Crypto miners will benefit. Prior to winning the election, Donald Trump said he wanted all remaining Bitcoin to be 'Made in USA'.

 

Stocks included in this article Tesla (NASDAQ:TSLA), General Motors (NYSE: GM), Riot Platforms, Inc. (NASDAQ: RIOT).

 

Clean energy automotive supplier Worksport Ltd. (NASDAQ: WKSP) just announced an expansion of its manufacturing workforce to meet accelerating sales demand. Since the start of Q4, the Company has increased its plant worker count by 30%, positioning itself to enhance production capacity and improve margins.

 

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Read this article, featuring WKSP in full at https://www.investorideas.com/news/2024/cryptocurrency/11251Trump-Trades-Automotive-Bitcoin.asp

 

From the news: Scaling Production to Meet Growing Demand

 

• Increased Workforce: The expansion of the production team is a strategic move to accommodate the significant growth in Worksport's business-to-consumer (B2C) and business-to-business (B2B) sales

 

• Sales Growth: The Company is now targeting $1 million in monthly online sales in the near-term, aiming for a 100% increase in top line revenue from the approximately $500,000 per month reported less than 60 days ago.

 

• Second Shift Preparation: To support the scheduled end-of-the-year launch of the higher margin AL4 tonneau cover, Worksport is adding a new evening production shift. This expansion will boost production capacity, enabling the Company to meet escalating demand and drive increased revenues and profitability. Investors can expect an update on the AL4 pre-order campaign for the business-to-business (B2B) segment before the end of the year.

 

Management Commentary

“"The Company continues to grow with new dealers, increased sales, and enhanced efficiencies each day," said Steven Rossi, CEO of Worksport Ltd. "Expanding our plant staff and initiating a second production shift are pivotal steps toward improving margins and achieving EBITDA positivity. Last Friday, the Company's market capitalization closed below our revenue projections for 2025—a year in which we believe we will be cash flow positive with increasing margins. We reiterate our strong belief that Worksport continues to be undervalued.”

 

Upcoming Product Launches Driving Growth

 

• AL3 and AL4 Tonneau Covers: The continued rollout of these products is expected to significantly contribute to Worksport's path toward cash flow positivity in 2025.

 

• SOLIS and COR Clean-Tech Systems: The Company also plans to launch its highly anticipated SOLIS solar cover and COR portable energy system by Q2/Q3 2025, further enhancing revenue growth and profitability prospects.

 

Worksport Q3 Earnings Call

 

Q3 revenue surged to $3.12 million—a 581% year-over-year increase compared to $458,433 in Q3 2023.

 

Worksport held its Q3 2024 earnings call on Wednesday November 13, 2024.  The prepared remarks and presented earnings call deck are available at Worksport’s Investor Relations website.

 

Betting on the future growth of Worksport, on November  21^st, the Company reported, “CEO Steven Rossi has demonstrated his confidence in the Company's future by personally purchasing restricted Worksport shares at a 44% premium to the market price.”

 

"We strongly believe that recent stock trading activity does not reflect the health of our business or our significant growth pathways

 

Tesla’s (NASDAQ:TSLA) stock has had a massive run since Trump’s Presidential win, with Elon Musk at his side as one of his biggest supporters. The Tesla stock surge of over 30% since the win was also fueled on expectations that Trump will advance a legislative framework for autonomous vehicles,

 

In the third quarter, Tesla produced approximately 470,000 vehicles, delivered approximately 463,000 vehicles and deployed 6.9 GWh of energy storage products.   

 

Tesla says on its website, “In 2012, the first Model S rolled off the assembly line at our factory in Fremont, California. Today, we have the capacity to manufacture more than a million vehicles every year, in addition to energy products, battery cells and more.” Tesla also has Gigafactories in Nevada, New York and Texas.

 

With investors seeing EV’s being a loser under Trump, a recent article in Forbes notes,

“Here’s something else to think about: if Trump does reduce or eliminate incentives, Tesla will be the main winner. Its cost base and vehicle platforms allow it to sell EVs profitably, which might not be the case with other American and global OEMs, who will struggle to match EV and ICE vehicle pricing.”

 

Last month, General Motors (NYSE: GM) reported third-quarter 2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion.

 

GM's 2024 financial guidance includes anticipated capital spending of $10.5 billion - $11.5 billion, inclusive of investments in the company's battery cell manufacturing joint ventures.

 

With expected increases in defense spending with Trump, last month’s news of GM Defense  completing production of the first vehicles in support of the Diplomatic Security Service's Heavy-Duty armored Sport Utility Vehicle (HD SUV) program bodes well for 2025,

 

From the news: DSS is the law enforcement and security arm of the U.S. Department of State.

 

GM Defense's HD SUV solution, the Suburban Shield, features a new design with a unique body-on-frame chassis and suspension to support increased vehicle weight and performance requirements. The vehicle includes a high percentage of proven commercial-off-the-shelf parts from General Motors' global supply chain, including the body, exterior, propulsion, interior, and brakes, for added reliability.

 

"Our Suburban Shield significantly enhances the quality, performance, and safety that is essential to the Diplomatic Security Service and provides our nation's senior diplomats and their supporting teams a vehicle that enables their important mission for diplomacy and national security," said Steve duMont, GM Defense president.

 

According to CustomMarketInsights.com, “The US Automotive Market was valued at USD 4.8 Billion in 2024 and is expected to reach USD 13.8 Billion by 2033, at a CAGR of 10.6% during the forecast period 2024 – 2033.

 

“The automotive industry includes the design, development, manufacture, marketing, and sale of automobiles, trucks, buses, and motorbikes. It involves a complicated network of businesses, including automakers, suppliers, dealerships, and aftermarket service providers.”

 

Trump’s policies are going to reshape the future of the automotive industry and suppliers like Worksport Ltd. (NASDAQ: WKSP) are betting that their US-based manufacturing and innovation will be on the winning end.

 

As Bitcoin closes in on the $100,000 USD mark, US miner Riot Platforms, Inc. (NASDAQ: RIOT) is doing its part to fulfill Trump’s US Bitcoin mining dream.

 

The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

 

In the November 4^th production update they reported, “In October, Riot achieved a new post-halving milestone in production, with 505 Bitcoin mined in the month,” said Jason Les, CEO of Riot. “This 23% increase in production from September is a reflection of both the ongoing growth in our deployed hash rate and of the efforts to improve our operational efficiency.”

 

The Trump Trade effect has taken the market to new highs, Now, investors are looking at what sectors will have long term gains. Automotive and crypto are potentially ones to watch.

 

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Breaking Renewable Energy and Defense Stock News: KULR (NYSE: $KULR) Awarded U.S. Navy Contract to Develop High-Temperature Internal Short Circuit Cells for Enhanced Battery Safety in Critical Applications; @KULRTech

Breaking Renewable Energy and Defense Stock News: KULR (NYSE: $KULR) Awarded U.S. Navy Contract to Develop High-Temperature Internal Short Circuit Cells for Enhanced Battery Safety in Critical Applications; @KULRTech

 

Houston - November 25, 2024 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a provider of advanced thermal management solutions, has been awarded a contract by the U.S. Navy to advance its Internal Short Circuit (ISC) technology to activate at higher temperatures. This development, vital for both military and commercial applications, will support a wide range of safety-critical uses, with particular importance for aviation by enabling the simulation of extreme conditions that better reflect the stringent safety standards of the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA).

 

KULR's ISC devices, originally developed in collaboration with NASA and the National Renewable Energy Laboratory (NREL), induce controlled thermal runaway in lithium-ion cells, offering safer and more accurate testing than conventional methods. With the capability to activate at elevated temperatures, the new ISC devices provide deeper insights into battery behavior under worst-case scenarios, allowing for a precise evaluation of resilience and safety for high-stress environments.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of KULR Technology Group, Inc.

 

Read this news featuring KULR in full at https://www.investorideas.com/news/2024/11251KULR-US-Navy-Contract-High-Temperature-Internal-Short-Circuit-Cells.asp

 

Advantages of High-Temperature ISC Activation

High-temperature ISC activation supports critical advancements in aviation safety by:

• Accurately Simulating Extreme Conditions: Higher temperature activation mirrors real-world operational stresses, offering precise data on thermal runaway behavior essential for electric and hybrid-electric aircraft.
• Achieving Greater Consistency with Safety Standards: The advanced ISC testing helps align battery safety development with the rigorous safety expectations of FAA and EASA as electric aviation progresses toward certification.
• Enhancing Military and Commercial Safety: The technology provides both the U.S. Navy and commercial aviation sectors with tools to rigorously evaluate battery resilience, bolstering mission safety and reliability.

 

"Our work with the U.S. Navy on high-temperature ISC technology will enhance safety protocols and provide essential data as electric aviation moves closer to regulatory certification and market entry," said Michael Mo, CEO of KULR Technology. "With these advancements, KULR is well-positioned to support safer, more resilient battery systems across the aviation industry."

 

This contract further strengthens KULR's role as a critical partner in battery safety advancements. Combined with our growing capability to evaluate large-format cells and battery packs during thermal runaway, KULR is uniquely positioned to support the aviation sector in meeting safety standards and advancing safely to market. For more information on KULR's ISC technology and its applications, please visit kulrtechnology.com.

 

About KULR Technology Group, Inc.

KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company's holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. For more information, please visit www.kulrtechnology.com.

 

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether because of new information, future events or otherwise.

 

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com

 

KULR Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on Investorideas.com

 

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