- The Limestone Boat Company (BOAT) gives corporate and operational update
- Limestone is continuing to focus its commitment to improving production processes and expanding its skilled labor force
- Shipments now achieving alignment with proforma expectations of approximately 423 units
- A big goal going forward is the partnership with Vision Marine Technologies to produce a noiseless environment, zero pollution, and zero emission
- Limestone expects to make Vision Marine’s E-Motion™ 180E outboards available to its customers in Q4 2022
- The Limestone Boat Company Limited (BOAT) is up 2.38 per cent, trading at C$0.22 at 12:07 pm EST
The Limestone Boat Company Limited (BOAT) is heading into what is shaping up to be a very promising 2022.
“As we enter the new calendar year, we remain extremely excited about the opportunity that lies before us,” stated Limestone CEO Scott Hanson.
“We believe that the strategic decisions we’ve made and the corporate, operational, and financial foundation we’ve laid over the past year has put us in a strong position to build Limestone as a growing force in the North American marine market,” added Hanson.
Demand continues to outstrip supply in the boating industry and Limestone’s brand awareness is growing at a rapid pace.
Limestone is continuing to focus its commitment on improving production processes and expanding its skilled labour force are critical to ensuring that Limestone fulfils the order backlog that it is currently experiencing.
Limestone Boats reports production numbers have steadily increased in its Tennessee manufacturing facility with five boats now going into production weekly and shipments now achieving alignment with proforma expectations of approximately 423 units for the 2022 calendar year, coupled with its order backlogged well into 2023.
Production and shipments are expected to continue at these levels subject to no further disruptions to labour as a result of COVID nor disruptions due to the supply chain.
“Our investments in a number of critical areas will certainly pay dividends in 2022 and beyond,” Hanson said.
“Our Tennessee-based management and production team feel that we now have all the necessary pieces in place to allow us to plan and execute as needed to meet and exceed expectations and targets,” concluded Hanson.
Limestone has also been working on an electric outboard engine partnership with Vision Marine Technologies and its goal to produce a one-of-a-kind experience on the water, including performance, a noiseless environment, zero pollution, and zero-emission to reduce the environmental impact.
Vision Marine has completed the EV retrofit of the first Aquasport 2100CC, integrating two 35kWh battery packs and Vision Marine’s proven E-Motion™ 180E engine, proprietary rigging, onboard charging system, and digital screens at the helm in preparation for sea trials scheduled to occur prior to the upcoming Miami Boat Show mid-February 2022.
Vision Marine has partnered with Octillion Power Systems to develop a customized high voltage 35 kW high-density battery exclusively for use within the recreational boating market.
The configuration of the battery pack is smaller than that of a typical fuel tank, which in turn makes it easier to custom fit in virtually any boat.
“Vision Marine will have a highly efficient and unique product to utilize in conjunction with our E-Motion™ fully electric powertrain,” said Alexandre Mongeon, co-founder and CEO of Vision Marine.
With their shared goal of offering state-of-the-art EV power and establishing the companies as leaders in the rapidly growing electric boat segment, Limestone expects to make Vision Marine’s E-Motion™ 180E outboards available on select Aquasport and Limestone models to its customers in Q4 2022.
Vision Marine Technologies, Inc. strives to be a guiding force for change and an ongoing driving factor in fighting the problems associated with waterway pollution by disrupting the traditional boating industry with electric power, in turn directly contributing to zero pollution, zero emission and a noiseless environment.
The Limestone Boat Company Limited (BOAT) is up 2.38 per cent, trading at C$0.22 at 12:07 pm EST.
