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Vision Marine Technologies appoints Cleantech entrepreneur Alan Gaines to board

MONTREAL — Vision Marine Technologies, Inc. announces that Alan D. Gaines has been appointed to the Board of Directors and will serve as Chairman of the Board, replacing Mr. Robert Ghetti, who has resigned from Vision’s board to devote more time to other business interests.

“I am very pleased to join the board of Vision Marine Technologies and to support the highly experienced and forward thinking and ESG principled executive management team in its mandate to bring safe, eco-friendly, and low maintenance electric boating to the traditional internal combustion engine (ICE) mainstream marketplace, and in so doing disrupt the legacy boating market,” commented Mr. Gaines. “This is truly an opportunity to fast forward Vision’s footprint and to foster widespread adoption of Vision’s groundbreaking proprietary E-Motion electric outboard powertrain system with both OEMs and recreational boaters.”

“We welcome the opportunity to work with Alan and enjoy the benefits of his significant experience pertaining to capital formation and capital markets, governance and protocol, and general executive business experience,” stated Alexandre Mongeon, CEO and co-founder of Vision Marine. “His knowledge of the burgeoning electric vehicle and battery technology markets will prove invaluable to Vision’s board and its stockholders.”

Alan Gaines is an investment banker and entrepreneur, active within traditional renewable/sustainable cleantech, general technology, EV/CEV battery technology/chemistry, energy storage and infrastructure, as well as traditional fossil fuels. Mr. Gaines specializes in large scale capital formation, M&A, recapitalization/restructuring, and board protocol and governance. He currently serves as a Director of Auto Innovation Group, Ltd. and David Brown Automotive, Ltd., both based in the United Kingdom.

Mr. Gaines previously served as founder and Chairman of Dune Energy, Inc. from its inception in May 2001 through April 2010, and serving as CEO through May 2007, when he stepped down, taking a far less active role following Dune’s acquisition of Goldking Energy Corporation.

The Board would like to thank Mr. Robert Ghetti for his guidance and leadership in helping to grow Vision Marine from a private company through its November 2020 listing on NASDAQ.