Vision Marine Technologies Inc ( VMAR ) shares are trading higher by 79% to $2.71 during Friday’s session after the company announced it has partnered with Calip Group to establish a production line for custom cooling plates.

What To Know: These plates, set for production in 2025, address the thermal challenges of marine batteries, which require sustained high-power delivery in demanding environments.

Vision Marine Technologies ( VMAR ) says by improving heat dissipation and stabilizing cell temperatures, the plates enhance battery reliability, performance and lifespan.

Vision Marine Technologies ( VMAR ) added that Calip Group brings expertise in friction stir welding FSW to manufacture fully sealed cooling plates. The company says the new cooling plates further support Vision Marine's ( VMAR ) ability to meet the growing demand for efficient electric marine propulsion systems while maintaining production scalability and performance consistency.

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According to data from Benzinga Pro, VMAR has a 52-week high of $136.35 and a 52-week low of $1.30.