Vision Marine Technologies Signs LOI with Matica Enterprises Inc
TORONTO, ON / ACCESSWIRE / September 23, 2015 / Matica Enterprises Inc. (CSE: MMJ) (FSE: 39N) (OTC Pink: MQPXF) (« Matica » or the « Company ») announces that it has signed a letter of intent (« LOI ») to acquire 51 percent of Riopel Marine Inc. operating as Vision Marine Technologies, formerly known as Canadian Electric Boat Company (« CEBC »), a Montreal based manufacturer of high-end electric powered pleasure boats. Vision Marine Technologies designs and builds different models of electric powered boats from small launches that run at 10k/hr to speedboats that run at speeds up to 65km/hr powered by lithium-ion batteries. Matica will be providing marketing and financing support to the company as it continues to develop sales worldwide.
Boris Ziger states that, « As part of our commitment to developing sources of large flake graphite, as used in lithium-ion battery packs for electric vehicles among other uses, we are pleased to become associated with a growing end user. This is a company that merges traditional design and quality with modern power alternatives. Vision Marine Technologies is on the forefront of the electric vehicle industry and Matica hopes to foster their research and development of electric power options. Our own Nevada Graphite projects are being developed with the goal of supplying battery makers with large flake graphite. »
About Vision Marine Technologies
Vision Marine Technologies has been a manufacturer of high-end boats since 1995. Its boats are renowned for outstanding design, high quality teak and mahogany finishes, and reliability. Its new model the Bruce 22e is a high performance speedboat that uses a lithium-ion battery pack similar to those used in electric cars. Future models of Vision Marine Technologies’ boats are being designed to use Tesla sourced battery packs that are on order and are expected to become available later this year.
For more information on Vision Marine Technologies visit their website: electricboats.ca.
About Matica Enterprises Inc.
Matica Enterprises has mining assets including the Grumpy Lizard project in Nevada, and the Buckingham Graphite project in Buckingham Township in the Grenville Province in south-western Quebec, a well-known historic graphite producing area. Matica also currently holds a fifty percent interest in THC Dispensaries Canada, Inc (« THCD »), a Nova Scotia applicant under the Marijuana for Medical Purposes Regulation (« MMPR »). THCD has received a « Ready To Build » letter from Health Canada and requires a pre-licence inspection by Health Canada before qualifying as a Licensed Producer under MMPR. This newly renovated marijuana growing facility sits on 20 acres of land near the town of Antigonish, NS.
For more information on Matica Enterprises please visit the website at: www.maticaenterprises.com.