The Limestone Boat Company to Debut Its New Line of Electric Boats at the Fort Lauderdale International Boat Show, October 26th – 30th


COLLINGWOOD, Ontario, Oct. 25, 2022 (GLOBE NEWSWIRE) -- The Limestone Boat Company (the “Company”) (TSXV: BOAT | OTCQB: LMSBF) – owner and builder of Aquasport Boats, Limestone® Boats and Boca Bay Boats is proud to announce the debut of Seventeen Fifty-Two, the Company’s new line of electric boats, at the upcoming Fort Lauderdale International Boat Show, October 26th – 30th.

In partnership with Vision Marine Technologies, Inc. (NASDAQ: VMAR), the Company will display its first prototype electric boat, the Seventeen Fifty-Two 2.1 Center Console EV.

“The launch of Seventeen Fifty-Two is the next step in our journey to provide a reliable and dependable boating experience featuring ground-breaking electric power and performance that doesn’t compromise the expectations and ride characteristics for which the Company’s Brands and Models are renowned,” said Limestone Boat Company CEO Scott Hanson. “Our journey started early in 2021 when we partnered with Vision Marine. Following months of extensive R&D, we rigorously tested our EV in real-world conditions earlier this year, and based on the overwhelmingly positive test results, we recently placed an initial order for 25 of Vision Marine’s E-Motion electric propulsion systems, which will power the first serial production versions of the 2.1 Center Console EV expected to start coming off the line in Q4 2023.”

It is anticipated that the serial production model 2.1 Center Console EV, powered by the powerful E-Motion 180E fully electric outboard, will provide the same or better performance than that of the test boat with the same propulsion system:

  • Top Speed of 38 MPH
  • Planes at 18 – 22 MPH
  • Operating Time estimated in excess of 2 Hours at an Average Speed of 22 MPH
  • Full Recharge Dockside in 4 – 8 Hours (time dependent on use of 1 or 2 chargers)

More details about the 2.1 Center Console EV are available at www.seventeenfiftytwo.com .

The 2.1 Center Console EV will be on display in the Vision Marine booth, #2017A, in the Broward Convention Center at the Fort Lauderdale International Boat Show October 26 – 30th and will also be available for test drives on a select basis during the show.

The MSRP of the 2.1 Center Console EV is anticipated to start at approximately $179,000 USD at time of delivery in Q4 2023.

“The 2.1 Center Console EV is the first in a series of 21-to-23-foot electric boats we’ll be bringing to market over the next 18 months,” says Hanson. “We know that there is strong interest in electric boats, especially for rugged and reliable boats like ours. And for those consumers now eager to embrace the electric boat lifestyle we’ll be taking Pre-Order deposits at the show and online for the 2.1 Center Console EV so that they can be first in line when production begins.”

For more information on the Limestone Boat Company’s EV initiatives visit: www.limestoneboatcompany.com or www.seventeenfiftytwo.com.

About The Limestone Boat Company Limited
The Limestone Boat Company – owner and builder of Seventeen Fifty-Two Boats, Aquasport Boats, Limestone® Boats and Boca Bay Boats – is publicly traded on the Toronto Venture Exchange under the ticker symbol BOAT and on the U.S.-based OTCQB® Venture Market under the ticker symbol LMSBF. They are headquartered in Collingwood, Ontario with a 145,000 sq. ft. manufacturing facility in White Bluff, Tennessee. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.

For more information, contact:
Bill Mitoulas | Investor Relations
800-720-2395
bill@limestoneboats.com 
www.limestoneboatcompany.com 

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

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