Vision Marine Technologies (VMAR) shares rose more than 47% in premarket activity Wednesday after the company disclosed overnight it filed a patent application with the United States Patent and Trademark Office for its battery authentication encryption technology.
The technology employs a battery management controller to authenticate components within the E-Motion Electric Powertrain, helping eliminate "risks associated with third-party substitutions that could compromise performance or safety," the company said late Tuesday.
Additionally, the technology enables the collection and analysis of boaters' data, which, the company said, is a critical component in driving superior system performance.
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