Technology
ESG Leaders Recognized At 2025 SEAL Business Sustainability Awards
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SEAL Awards today announced the winners of the 2025 SEAL Business Sustainability Awards, honoring their leadership, innovation, and commitment to sustainable business practices. 2025 SEAL Sustainability Award honorees ranged from well-recognized brands (like ASUS, Chiquita, GE Aerospace, Hasbro, Procter & Gamble‘s Tide, and Salesforce) to high-growth start-ups and scale-ups.
SAN DIEGO, Jan. 28, 2025 /PRNewswire-PRWeb/ — SEAL Awards today announced the winners of the 2025 SEAL Business Sustainability Awards, honoring their leadership, innovation, and commitment to sustainable business practices.
2025 SEAL Sustainability Award honorees ranged from well-recognized brands (like ASUS, Chiquita, GE Aerospace, Hasbro, Procter & Gamble‘s Tide, and Salesforce) to high-growth start-ups and scale-ups.
“2025 represents our ninth (9) SEAL Business Sustainability Award event. This year’s ESG award recipients follow a 9-year trendline of greater impact materiality and deeper granularity. Across all industries and geographies, companies are going deep and granular – into materials, chemistry, processes, R&D, supply chains, and more – to generate sustainability improvements,” commented Matt Harney, Chairperson and Founder of SEAL Awards
The event featured four distinct sustainability award categories:
SEAL ENVIRONMENTAL INITIATIVE AWARD
This award honors specific environmental and sustainability initiatives.
The Environmental Initiative Award winners were:
Algoma Steel: Algoma’s Green Steel TransformationBritish Airways: Reducing our impact on the groundChef Works: Creating Sustainable Solutions in Culinary ApparelEcore International: Crafting a Greener Tomorrow: Ecore’s Dedication to Sustainable SolutionsEdifecs: Edifecs Sustainable Asset Lifecycle ManagementELKEM: Industrial symbiosis for Silicones value chain: Hydrochloric acid waste as recycled raw material for specialty silicones.Event Network: The Plastic S.T.O.P.S. InitiativeFastenal Company: Turning Plastic Wrap into Patio DecksFresh Del Monte Produce Inc.: Leading vertically integrated producers, marketers and distributors of fresh/fresh-cut fruit/vegetablesGates Corporation: Sustainability Initiative – Chain-to-BeltGenerate Capital: Advanced Hydroponic GreenhouseGE Vernova: GE Vernova’s 4R Circularity Framework and Product Stewardship ProgramGotham Greens: Putting Healthier Food on Plates and Helping the Planet by Reimagining Our Food SystemHangzhou EZVIZ Network Co., Ltd.: EZVIZ Green InitiativeHasbro, Inc.: Hasbro Toy Recycling ProgramLas Vegas Raiders and Allegiant Stadium: Revolutionizing Sustainability in Sports: How Allegiant Stadium Powered the Super Bowl with 100% Renewable EnergyNew York State Office of Cannabis Management: PowerScore Initiative – Cannabis Energy, Water, and Waste Tracking and ReportingNjord: Njord by Maersk Tankers – a holistic energy-efficiency service for shipsPerch Energy: Community Solar Subscription ServicerPUBLIC WORKS AUTHORITY – ASHGHAL: Buildings Projects Department (BPD) 100% reuse & recycling of construction waste materialsSalesforce: Sustainable & Equitable AISAUDI ARAMCO – Jubail Producing Department (JPD): Circular and Sustainable Decarbonization, Biodiversity InitiativesSiemon: Sustainability Through Smart PackagingSLB: Lowering Emissions Through Our ‘Record, Reduce, Replace’ StrategySSA Marine: Advancing Zero-Emissions in Global Terminal OperationsTetra Pak: Approach to NatureTide: #TurntoCold with TideVertical Bridge: Vertical Bridge’s Path to Net Zero with Alternative Energy SolutionsWistron NeWeb Corporation: Driving Low-carbon Transformation Through Green DesignZurn Elkay Water Solutions: Cleaner, Safer and More Responsible Drinking Water Program
SEAL SUSTAINABLE INNOVATION AWARD
This award recognizes innovations that represent game-changing ideas that bring us to a more sustainable future.
The Sustainable Innovation Award winners were:
Blancco: Data erasure innovatively reclaims enterprise IT for reuseChiquita: Chiquita’s Groundbreaking Disease-Resistant BananasCyrusOne: Reducing Climate Impact with Computational Fluid DynamicsdoTERRA: Changing lives on both sides of the bottleDow: DOW™ RP 101 Trace SolutionEVERMOS: Empowering Women Entrepreneurs through Inclusive Digital PlatformsGE Aerospace: CFM International’s Revolutionary Innovation for Sustainable Engines (RISE) programGuess Inc: GUESS AIRWASH™INTERFUZI INC.: Naturgy’s Mission – “Harnessing the power of nature to bring positive impact to the world.”Kidsy: Recommerce platform offering discounted, sustainable baby and kids productsMitigate Ltd: Turn your sustainability data into compliant ESRS reports — automaticallySPXFLOW Technology Danmark A/s: APV® Seamless Infusion VesselTapestry: X’s moonshot for the electric gridTide: The Future of Laundry: Introducing Tide evoZEVAC: ZD3™ technology eliminates compressor station GHG emissions
SEAL SUSTAINABLE PRODUCT AWARD
The SEAL Sustainable Product Award honors innovative and impactful products that are literally “purpose-built” for a sustainable future
The Sustainable Product Award winners were:
Beatbot: Beatbot iSkim UltraDow: DOWSIL™ TC-6040 Thermally Conductive Encapsulant to advance thermal management in high-performance electric vehiclesDow: DOWSIL™ 2102 Adhesive & DOWSIL™ 2110 AdhesiveDow: EcoSense™ 2470 SurfactantELKEM: Boosting Efficiency and Sustainability in Plastic Recycling with SILCOLAPSE™ EASY 10Essity: Tork Xpress® Compressed Multifold Hand TowelsGuess Inc: GUESS JEANS CollectionHangzhou EZVIZ Network Co., Ltd.: EZVIZ EP7 Smart Home Video Doorphone with Solar PanelHasbro, Inc.: Life in Reterra – A Community (Re)building Board GameHerman Miller: Eames Lounge Chair and Ottoman, designed by Charles and Ray Eames for Herman Miller, with bamboo-based upholsteryICL Group: FruitMag™- Creating impact for a sustainable future!Jackery Inc: Jackery Solar Curved TileLattice Semiconductor: Lattice Nexus™ 2 FPGA PlatformREPREVE®, made by UNIFI, Inc.: ThermaLoop™ Insulation powered by REPREVE’s Textile Takeback process
SEAL SUSTAINABLE SERVICE AWARD
The SEAL Sustainable Service Award recognizes innovative services that set a new standard for sustainability.
The Sustainable Service Award winners were:
AiDASH: AiDASH Biodiversity Net Gain Management System™ Champions Biodiversity and SustainabilityASUSTeK COMPUTER INC.: ASUS A+ESG Carbon Data Management Platform: Data Empowerment – Agile, Precise Decision-Making & Value CreationDBS Bank: DBS LiveBetterDubai Electricity and Water Authority: Pioneering Sustainability Services at the DEWA Sustainability and Innovation CentreEdinburgh International Conference Centre: EICC – Delivering world-class sustainable events through our sustainability programme, Step ChangeEPAM Systems Inc.: MocniPomocni Mentoring AppFlock Freight: FlockDirect® – Transforming the freight industry by delivering Shared Truckload at scale.Jupiter Intelligence: ClimateScore Global quantifies the physical risks of climate change for businessesParis: Paris’ Servicios Circulares (Circular Services)SLB: Environmental Impact Reduction in Lithium ProductionWolters Kluwer: CCH Tagetik ESG & Sustainability for CSRD
The 2025 award entry fees were contributed to SEAL’s Environmental Journalism Award and Environmental Research Grant programs.
Selected Sustainability Award Winner Perspectives:
‘”We are proud and honoured to receive the SEAL Sustainable Product Award. It aligns very well with our commitment to innovation, sustainability and excellence. The APV® Seamless Infusion Vessel is a game-changer for UHT processing, setting new standards for efficiency and sustainability. By minimizing fouling and extending run times, it enables producers to gain up to 100 extra hours annually and reduce resource consumption significantly. With its innovative design and focus on operational excellence, it’s more than a solution—it’s a step forward for dairy, plant-based, and beverage producers worldwide.” — Pranav Say, Global Product Manager for UHT Systems, SPX FLOW
“We are very honored to receive the SEAL Business Sustainability Awards for our EZVIZ Green Initiative and smart video doorphone EP7 as it underlines the innovation and eco-friendly concept of our product and design and is another strong testament to our successful EZVIZ Green Initiative since 2023. The EP7 is an exemplary product where we achieve a satisfying balance between smart, high-performance appliances and solar-powered energy efficiency, while greatly reducing barriers and pain points through useful innovations. As a smart home technology company that helps millions of people build their ideal homes where dreams and aspirations live together, we believe that a shared, sustainable future should be driven by responsible technology and future-ready products that minimize environmental impact and bring joy to generations to come.” — Jingwen Cao, Board Secretary & Director of the ESG Committee, EZVIZ
“Winning the Sustainable Innovation Award from the SEAL Awards is a huge honor for us at Mitigate. It’s proof that our ESG Platform has found its perfect fit in the market—helping companies report on sustainability as easily, quickly, and effectively as they do with financial reporting. For us, it’s a win-win: we’re building a sustainable business while empowering companies to make sustainability reporting more accessible and impactful. Finally, sustainability experts have the tools they’ve been missing, giving them the same level of support as other business functions. This recognition motivates us to keep pushing forward and delivering solutions that make a difference”— Arvis Zeile, CEO, Mitigate Ltd.
“At Algoma Steel, we are honoured to receive the Environmental Initiatives Award for our Green Steel Transformation. This recognition underscores our unwavering commitment to building better lives and a greener future through sustainable steelmaking. Our Electric Arc Furnace transformation will reduce our greenhouse gas emissions by approximately 70%, equivalent to 3 million tonnes annually. This achievement is a testament to the dedication, innovation, and teamwork of everyone at Algoma Steel as we collaborate to build a more sustainable future for our industry and community.” — Team at Algoma Steel
“Receiving the 2025 SEAL Environmental Initiatives Award in the Business Sustainability category highlights Chef Works’ steadfast dedication to sustainability and responsible business practices,” said Enrique Perez, Vice President of Global Supply Chain at Chef Works. “From diverting products from landfills to pioneering eco-friendly innovations, we are committed to reducing our environmental impact. This recognition is a testament to the collective efforts of our team and partners who share our vision of a sustainable future. We remain unwavering in our pursuit of solutions that protect the planet while driving meaningful change across the global supply chain.”
“We are deeply honored to receive the SEAL Awards 2025, a testament to our unwavering commitment to sustainability and our dedication to continuous investments in green innovation. At Beatbot, we believe innovation and responsibility go hand in hand, and we are dedicated to creating solutions that not only redefine pool care but also contribute to a more sustainable future. We sincerely thank the SEAL Awards panel for recognizing the Beatbot iSkim Ultra. Beyond robotic pool cleaners, Beatbot recently introduced the Amphibious RoboTurtle, showcasing our commitment to pushing the boundaries of sustainable innovation. Encouraged by this recognition, we will continue to explore new horizons on our sustainability journey, embracing bold innovations and transformative ideas along the way.” – York Guo, CMO of Beatbot
“We are deeply honored to receive the 2025 SEAL Business Sustainability Award,” said John Siemon, Chief Technology Officer and Chief Operations Officer at Siemon. “Having received this prestigious award for the second consecutive year demonstrates Siemon’s commitment to the UN Global Compact, whose 10 Principles help guide decisions and actions that minimize our environmental impacts, provide a great place to work for all our people, and be a valued part of our communities. This award is a reflection of our company culture, where our people are deeply engaged and committed to upholding ESG principles and values. It reinforces their dedication to environmental and social responsibility in everything we do.”
“The A+ ESG Data Management Platform is revolutionizing corporate sustainability in the era of carbon pricing. By integrating digitized data and scientific management with AI-driven insights, it empowers precise decision-making and effective carbon risk management. This platform drives the twin transformation of sustainability and digitalization, providing an optimal solution to today’s ESG challenges.” – Team at ASUSTeK COMPUTER INC.
“Receiving the SEAL Sustainable Innovation Award is a testament to Naturgy’s unwavering commitment to sustainable development. Our mission—’Harnessing the power of nature to bring positive impact to the world’—is reflected in our innovative sustainable packaging solutions, redefining health supplement standards while reducing resource consumption and emissions. We are deeply honored by this recognition and will continue to contribute to the United Nations Sustainable Development Goals (SDGs), inviting consumers to join us in creating a greener future.” — Kuo Yao-Wen ,CEO, INTERFUZI INC.
“At Evermos, we believe that true innovation goes beyond technology—it’s about creating opportunities that leave no one behind. Winning the SEAL Business Sustainability Award in Sustainable Innovation affirms our commitment to driving gender-inclusive digital entrepreneurship that empowers over 1,000,000 micro-entrepreneurs, 86% of whom are women. By addressing systemic barriers and equipping women with tools for success, we are fostering economic inclusivity and sustainability, ensuring that prosperity is shared across all layers of society.” — Iqbal Muslimin, Director, Evermos
“I am immensely proud of our team’s achievements in delivering impactful innovation with sustainability benefits, as recognized by receiving the 2025 ‘SEAL SUSTAINABLE INNOVATION AWARD’ for our new product – RP101: A Robust Fingerprint Tracing Solution for PET Recycling. With its unique performance, it can enable transparency and increase players’ confidence through a scientific measurement approach. This confidence will propagate, allowing genuine recycled products to capture their actual value, thus further driving investment in recycling. Brand owners will be able to meet their goals, reduce credibility risk for their commitment to sustainability, and maintain a strong driving force. With all these factors, the recycled PET industry can become a sustainable ecosystem that advances waste plastic recycling and reuse.” — Myra (Xuemei) Zhai, Director of APAC Customer Innovation Center, APAC R&D/TS&D Director of Dow
“We are thrilled and honored to receive the Sustainable Product Award from the SEAL Awards. EcoSenseTM 2470 surfactant is a testament to our continued dedication and unwavering belief in providing innovative sustainable solutions based on recycled carbon that have a transformative impact. We extend our heartfelt gratitude to the SEAL Awards for recognizing our commitment to sustainability and innovation.” — Team at Dow
“Receiving the SEAL Business Sustainability Award for 2025 is a tremendous honour and a testament to the EICC’s unwavering commitment to sustainability. This recognition highlights our belief that business success and environmental responsibility go hand in hand. We are proud to foster an environment that inspires world-changing ideas, from hosting some of the UK’s largest sustainability conferences to collaborating closely with partners and stakeholders. Together, we remain at the forefront of creating a more sustainable future.” — Marshall Dallas, Chief Executive at Edinburgh International Conference Centre (EICC)
Francesca Priora, Vice President, Climate & Nature, Tetra Pak comments: “We are honoured to accept this award from SEAL Awards for our Approach to Nature framework. This recognition highlights our commitment to reversing and halting nature loss by reducing the negative impacts of our value chain on nature and supporting landscape restoration. We are proud to collaborate with customers, suppliers and partners on our journey to restore ecosystems and improve water resilience. Approach to Nature is one of the ways we are working together to transform food systems to ensure a more secure, resilient and sustainable future for all.”
“It is a privilege to be recognized with the SEAL Environmental Initiative Award for our commitment to sustainability and our constant evolutionary efforts to continue on the path of a true circular economy,” said Shweta Srikanth, Chief Circularity Officer of Ecore. “Our company is one of the pioneering architects of circularity, and for more than 150 years Ecore has been transforming waste materials into high-performance products that touch people’s lives each day. Together with our eco-conscious customers, vendors and suppliers, we continue to move forward with new innovations in both our manufacturing processes and sustainability programs, like TRUcircularity™, to fulfill our mission of enhancing lives sustainably and eliminating rubber waste from the planet.”
“This is a thrilling moment for OCM. Recognition from the SEAL Awards demonstrates the agency’s commitment to sustainability and innovation in cannabis,” said the New York State Office of Cannabis Management. “Through the PowerScore initiative, OCM is addressing the critical gap in verifiable efficiency data, while empowering New York’s cannabis licensees with a resource to support sustainable operations.”
“We are honored to receive the SEAL 2025 Environmental Initiatives Award from the SEAL Business Sustainability Awards. Here at Edifecs, sustainability is not just an initiative; it’s a mindset, a commitment, and a responsibility that drives everything we do. Our hope is that if other organizations read and learn about the work Edifecs is doing around sustainability, they will understand that simple changes can have big outcomes, and the potential impact of other organizations making these changes could be huge. I believe that we are the stewards of the future and the only way to ensure the longevity of our planet is to prioritize sustainability,” said Ravi Soin, CISO, Edifecs
Tom Moran, British Airways‘ Director of Heathrow, said: “At British Airways, we are committed to reaching net zero emissions by 2050 or sooner and our focus isn’t just about reducing emissions in the air, but on the ground too. This major investment into our vehicles at Heathrow is our largest investment in more sustainable airport ground operations to date and is part of our wider environmental objective to minimise emissions from our airside ground operation. We’re proud of the work we are doing in this space and are excited to continue improving the running of our ground operations at Heathrow.”
Carrie Harris, British Airways’ Director of Sustainability said: “I am incredibly proud of this project, which has been driven by our Heathrow ground operations teams and encapsulates our BA Better World ethos of raising awareness of our strategy to all of our colleagues, and inspiring them to play a part in minimising our environmental impact where possible. Their energy, enthusiasm and innovative approach in bringing the project to life shows what can be achieved and this investment demonstrates our ongoing commitment to making improvements across our business that will benefit both our customers and colleagues.
“It’s an honor for Perch to be recognized by SEAL Awards as a renewable energy innovator,” said Bruce Stewart, Perch Energy President and CEO. “As a community solar technology platform and servicer, we’re incredibly proud of the work we’re doing to make it easier for all energy customers to save money off their bills and support clean energy development, especially when rooftop solar isn’t an option. The recognition from SEAL is a strong testament to the impact community solar has in helping create a fair, just, and rapidly growing clean energy economy.”
“We are so proud that Tork Xpress® Compressed Multifold Hand Towels were recognized with the prestigious SEAL Sustainable Product Award,” said Matthew Urmanski, Vice President Sales and Marketing NA at Essity. “As the global leading brand in professional hygiene, and one of the world’s most sustainable companies, sustainability is embedded at the core of our business strategy to help customers provide hygiene solutions that lower carbon impact, reduce waste, and are easy to use for all.”
“Being recognized with the 2025 SEAL Business Sustainability Awards – Sustainable Product for ThermaLoop™ insulation is a great honor and a reflection of our dedication to creating sustainable solutions for the future,” said Eddie Ingle, CEO of UNIFI. “Polyester continues to be the most prevalent fiber worldwide, and we’re at a critical point for transformation in the industry. ThermaLoop™ Insulation, powered by REPREVE’s Textile Takeback process, is just one of the many products we have developed that enable brands to design with the full product lifecycle in mind, paving the way for a more circular economy. We are dedicated to providing high-performance solutions that minimize the use of virgin resources, reduce carbon emissions, and help brands meet their sustainability targets for 2030.”
“A sustainable power grid is not just clean but also reliable, resilient, and efficient. To plan, build and manage the grid of the future — which we need right now! — requires new technologies and tools to update and upgrade this 100-year-old machine that everyone relies on. Tapestry is bringing AI and other advanced tech to the challenge, offering new tools to grid operators to shape the grid we need and build a future of reliable, affordable electricity for all. Thank you to SEAL Awards for recognizing the importance of that goal and our work to achieve it. — Page Crahan, General Manager, X, the moonshot factory
“At Flock Freight, our goal is to fundamentally change the freight industry by building a future where shipping is both cost-efficient and sustainable. With our Shared Truckload service, FlockDirect®, we aim to fill empty truck space, eliminate the inefficiencies of the hub-and-spoke system, and significantly reduce greenhouse gas emissions. This approach not only saves money for shippers and increases earnings for carriers but also creates a more sustainable supply chain. We are honored to receive the SEAL award, which recognizes our commitment to sustainability and innovation in shaping the future of freight.” — Oren Zaslansky, Founder & CEO of Flock Freight
“SSA Marine is honored to receive the 2025 SEAL Environmental Initiatives Award,” said Meghan Weinman, vice president of sustainability at SSA Marine. “This recognition highlights our team’s ongoing commitment to environmental stewardship and innovation through the testing and deployment of hybrid and zero-emissions cargo handling equipment in commercial marine terminals.”
“Receiving the SEAL Business Sustainability Award is a remarkable honor for Chiquita and the entire Yelloway Partnership,” said Peter Stedman, Sustainability Director for Chiquita. “Yelloway One is the culmination of years of groundbreaking research and collaboration with KeyGene, MusaRadix, and Wageningen University, embodying our commitment to creating a more sustainable future for global banana production. This disease-resistant banana hybrid not only combats the devastating effects of TR4 and Black Sigatoka Disease but also exemplifies the power of innovation to drive positive change for farmers, consumers, and the environment. This recognition inspires us to continue our mission of fostering resilience, reducing carbon emissions, and safeguarding the beloved Cavendish banana for generations to come.”
ABOUT THE SEAL AWARDS
SEAL (Sustainability, Environmental Achievement & Leadership) Awards is an environmental advocacy organization that honors leadership through our business sustainability awards & environmental journalism awards while funding research and pursuing our own environmental impact campaigns.
The SEAL Awards’ core pillars are:
Business Sustainability Awards – honors the most sustainable companies in the world, like Adidas, AMD, Cisco, and Tide
–Environmental Journalism Awards – representative past winners include journalists from Guardian, New York Times, and Grist
Impact Campaigns – representative campaigns include “#UpTheCup” and “Eco Rewards“Environmental Research Grants
Media Contact
Arabella Solaybar, SEAL Awards, 5889574236, operations@sealawards.com, https://sealawards.com/
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SOURCE SEAL Awards
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The Inner Circle acknowledges Russell E. Jones as a Pinnacle Professional Member
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July 21, 2026By
CHANDLER, Ariz., July 21, 2026 /PRNewswire/ — Prominently featured in The Inner Circle, Russell E. Jones is acknowledged as a Pinnacle Professional Member Inner Circle of Excellence for his contributions to Pioneering Innovation in Software Engineering and Communications.
With over three decades of experience in software engineering and software quality engineering, Russell E. Jones continues to lead transformative innovations in the field of communications as the Executive Director of Integration, Verification, and Validation at Iridium Communications Inc.. Since stepping into this role in 2021, Mr. Jones has overseen critical processes that ensure the seamless integration and functionality of the company’s sophisticated communication systems.
His promotion to this key leadership position followed a successful tenure as Director of SV Software Engineering at Iridium, where his leadership was pivotal in advancing the company’s technological capabilities. Before joining Iridium, Mr. Jones gained extensive experience in systems engineering and software testing through impactful roles at Motorola and Boeing, further solidifying his reputation as an innovator in the field.
Mr. Jones’s academic foundation includes an Associate of Arts in Electronics Technology (1990) and a Bachelor of Science in Technical Management (2001), both from DeVry University. These credentials have been instrumental in shaping his career, which has spanned satellite testing, systems engineering, and software integration.
Throughout his journey, Mr. Jones credits his family’s unwavering love and support and his mother and father’s influence for instilling the values of hard work and resourcefulness—traits that have been the cornerstone of his success.
Looking to the future, Mr. Jones is passionate about educating the next generation of engineers. His vision includes addressing educational gaps by teaching courses, presenting at conferences, and advocating for the inclusion of testing and integration in academic curricula. His goal is to inspire future leaders while continuing to contribute to the advancement of technology at Iridium.
Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com
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Technology
Vision Marine Technologies Announces Next Phase of Its Marine Technology Strategy
Published
39 minutes agoon
July 21, 2026By
Company plans to leverage its integrated operating platform to support technology development, commercialization and long-term growth.
BOISBRIAND, QC, July 21, 2026 /PRNewswire/ — Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) (“Vision Marine” or the “Company”), a marine technology company combining proprietary high-voltage electric propulsion technology with an integrated marine retail, marina and service platform through Nautical Ventures, today announced the next phase of its long-term strategy to advance and commercialize marine technologies through its operating platform.
The initiative establishes a framework through which Vision Marine intends to pursue internal development, technology partnerships and selected strategic opportunities, which may include mergers or acquisitions, that complement its existing capabilities and relate to the recreational boating industry.
The initiative builds upon the strategy presented by Vision Marine in May 2026: connecting proprietary marine technology with direct retail distribution, vessel integration capabilities, marina infrastructure, service operations and established customer relationships.
Over the past year, Vision Marine has integrated and expanded the Nautical Ventures platform, commercially launched and begun customer deliveries of its E-Motion™ 180 high-voltage electric propulsion system, expanded its intellectual property portfolio, continued optimizing its real estate and operating structure, and completed its previously announced at-the-market equity offering program. As previously disclosed, the Company currently has no active ATM program.
As previously disclosed, net cash provided by operating activities totaled approximately US$2.4 million for the nine-month period ended May 31, 2026. This result was supported by working-capital management, including the reduction and monetization of inventory. Management believes this reflects its focus on operational discipline and capital efficiency. Net cash provided by operating activities is distinct from net income and should not be interpreted as profitability.
The Company intends to use its existing customer relationships, distribution channels and service infrastructure to evaluate and, where appropriate, commercialize complementary marine technologies.
By combining technology development and vessel integration with retail distribution, marina operations, service, rentals and direct customer engagement, Vision Marine intends to evaluate whether new technologies can be introduced and supported through its existing operations. Any such initiatives will remain subject to customer demand, technical development and integration requirements, operating costs, financing availability, market conditions, regulatory approvals and disciplined capital allocation. There can be no assurance that these initiatives will result in commercialization, additional revenue or anticipated financial benefits.
“We are not beginning from a concept. We are expanding from a platform that is already in operation,” said Alexandre Mongeon, Chief Executive Officer of Vision Marine. “Vision Marine now connects proprietary technology with vessel integration, retail distribution, marina infrastructure, service capabilities and direct customer access. Our objective is to use these capabilities to evaluate and, where appropriate, support the development and commercialization of complementary marine technologies.”
“Proprietary electric propulsion remains central to Vision Marine’s technology strategy,” continued Mongeon. “We intend to evaluate complementary technologies that could improve vessel integration, energy management, connectivity, serviceability and the overall ownership experience. Our objective is to strengthen our marine technology platform through internal development, strategic partnerships and carefully selected strategic opportunities, while maintaining disciplined capital allocation.”
Vision Marine intends to prioritize initiatives that it believes complement its existing platform and may provide commercial value. In evaluating potential opportunities, the Company will consider expected costs, technical and operational requirements, financing needs, integration risks and potential financial benefits. There can be no assurance that any initiative will expand recurring revenue, improve margins or strengthen cash generation.
This announcement does not constitute the announcement of any acquisition, merger or definitive transaction. There can be no assurance that any evaluation or discussion will result in a completed transaction. Any material transaction will be disclosed in accordance with applicable securities laws and the requirements of Nasdaq and the TSX Venture Exchange.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) is a marine technology company specializing in high-voltage electric propulsion systems and recreational boating solutions. Its E-Motion™ electric powertrain technology is designed to provide a marine-specific, integration-ready propulsion solution for boat manufacturers. Through Nautical Ventures, Vision Marine also operates an integrated marine retail, marina, service and rental platform supporting both electric and internal-combustion recreational boating. For more information, visit visionmarinetechnologies.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable Canadian securities laws and the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, without limitation, statements regarding Vision Marine’s business strategy; the advancement and commercialization of marine technologies; internal development initiatives; potential technology partnerships, investments, mergers, acquisitions and other strategic opportunities; the anticipated use and potential benefits of the Company’s operating platform; the introduction and commercialization of complementary technologies; the potential expansion of recurring revenue; potential improvements in margins and cash generation; and the Company’s capital allocation priorities and long-term growth objectives.
Forward-looking statements can often be identified by words such as “expects,” “plans,” “believes,” “intends,” “anticipates,” “continues,” “estimates,” “projects,” “potential,” “opportunity,” “may,” “could,” “would,” “will” and similar expressions or variations of such words and phrases.
These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. These factors include, without limitation, the Company’s ability to execute its business strategy; identify, negotiate, finance, complete and integrate potential strategic transactions; develop and commercialize new technologies; generate market acceptance for its products and services; improve operating performance and achieve profitability; manage liquidity, inventory and floor-plan financing requirements; realize anticipated benefits from the integration of Nautical Ventures; maintain relationships with manufacturers, suppliers and commercial partners; protect its intellectual property; comply with applicable regulatory and listing requirements; and respond to competition, economic conditions, capital-market volatility, supply-chain disruptions and changes affecting the recreational marine industry.
Additional risks and uncertainties are described in the Company’s Annual Report on Form 20-F, as amended, for the year ended August 31, 2025, and in its subsequent filings with the U.S. Securities and Exchange Commission and on SEDAR+. Readers should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Vision Marine undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Vision Marine Technologies, Inc
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World-Renowned MAGURA USV Manufacturer UFORCE Partners with RECONCRAFT to Build Combat-Tested Autonomous Maritime Drones in the U.S.
Published
39 minutes agoon
July 21, 2026By
MAGURA family of drones, made exclusively by UFORCE, holds one of the most impactful and reliable combat records in modern maritime warfare, helping drive the Russian Navy from the Black Sea
LONDON and KYIV, Ukraine and WASHINGTON, July 21, 2026 /PRNewswire/ — UFORCE, the Ukraine-origin, UK-based autonomous systems defense technology company built to unify and scale the world’s most combat-proven unmanned platforms, today announced the signing of a memorandum of understanding (MoU) with leading Special Operations combatant craft manufacturer RECONCRAFT, following a ceremony hosted by the Embassy of Ukraine in the United States.
UFORCE USA and RECONCRAFT are partnering to build the world’s most capable autonomous surface vessels as part of the Arsenal of Freedom. UFORCE has also entered the U.S. Drone Dominance competition and related programs in partnership with RECONCRAFT.
The initiative will be led by Sean Plankey, CEO of UFORCE USA. Plankey most recently served as Senior Advisor to the Secretary of Homeland Security, overseeing the United States Coast Guard, and was twice nominated by the President of the United States to lead the Cybersecurity and Infrastructure Security Agency.
Through the partnership, UFORCE will work to make available to the United States its combat-proven full-stack aerial, maritime, and ground unmanned systems, advanced autonomy software, and command-and-control technologies.
The company’s MAGURA family of autonomous surface vessels holds one of the most impactful and reliable combat records in modern maritime warfare and contributed to the destruction of more than a dozen Russian warships in the Black Sea. UFORCE’s portfolio also includes the first autonomous surface vessel to successfully down manned helicopters and fighter aircraft in combat.
“Today’s combat environments show that autonomous warfighting capabilities are a must-have. UFORCE is exceptionally positioned to deliver capabilities already tested by some of the world’s most sophisticated militaries under the most demanding battlefield conditions,” said Oleg Rogynskyy, CEO of UFORCE. “Through this partnership with RECONCRAFT, these combat-proven capabilities will become available to the U.S., combining Ukrainian battlefield innovation with American manufacturing excellence.”
“This partnership demonstrates what’s possible when American manufacturing and combat-proven innovation come together,” said Sean Plankey, CEO of UFORCE USA. “Working with RECONCRAFT, we will help ensure these proven autonomous capabilities become available to the U.S. It’s exactly the kind of industrial partnership the Arsenal of Democracy is designed to enable.”
“RECONCRAFT is building multiple combatant craft platforms trusted by U.S. and Partner Special Operations Forces in the world’s most demanding environments,” said Joe Silkowski, Co-Founder of RECONCRAFT. “Partnering with UFORCE combines our manufacturing expertise and capabilities with the combat-proven autonomy of the MAGURA platform, allowing us to deliver greater capability to American warfighters faster than developing a new system from the ground up.”
About UFORCE
UFORCE USA is a U.S. based, wholly owned subsidiary of Ukrainian-origin defense technology operating company UFORCE, built to unify and scale the world’s most battle-proven autonomous systems. UFORCE unified nine leading Ukrainian defense technology developers and manufacturers into a single company, with registered in London and operations in Ukraine. By combining Ukrainian frontline innovation with Western capital, governance, and global distribution, UFORCE delivers next-generation autonomous defense capabilities to allied militaries. The company’s full-stack platform includes hardware systems spanning aerial, maritime and ground unmanned platforms, advanced autonomy software, and command-and-control solutions.
Media Contact: KekstCNC-UFORCE@kekstcnc.com
About RECONCRAFT
RECONCRAFT is the leading designer and manufacturer of combatant craft for U.S. and Foreign Partner forces. RECONCRAFT’s global headquarters and primary manufacturing campus is located in the Portland, Oregon, area where the skilled team produces highly sophisticated vessels, manned and unmanned, between multiple Programs of Record.
View original content to download multimedia:https://www.prnewswire.com/news-releases/world-renowned-magura-usv-manufacturer-uforce-partners-with-reconcraft-to-build-combat-tested-autonomous-maritime-drones-in-the-us-302831197.html
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