02:03:29 EDT Mon 20 May 2024
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Taiga Motors Corp
Symbol TAIG
Shares Issued 31,825,716
Close 2023-11-28 C$ 1.02
Market Cap C$ 32,462,230
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Taiga Motors to supply powerboats for UIM E1 races

2023-11-28 12:29 ET - News Release

Mr. Sam Bruneau reports

TAIGA MOTORS IS PROUD TO ANNOUNCE ITS EXCLUSIVE PWC PARTNERSHIP WITH THE UIM E1 WORLD CHAMPIONSHIP

Taiga Motors Corp. is set to be the exclusive personal watercraft (PWC) supplier of the UIM E1 World Championship, the world's first and only all-electric powerboat championship. By joining forces with E1, Taiga Motors is proud to be at the forefront of a new era of boat racing based on clean technology and leaving a positive impact on marine environments.

A thrilling competition

The first official E1 World Championship race is scheduled to take place in Jeddah, Saudi Arabia, on Feb. 2 and Feb. 3, 2024. The remainder of the inaugural season will tour some of the world's most iconic cities on the water, with the full calendar of events to be announced shortly.

Sam Bruneau, chief executive officer and co-founder of Taiga Motors, expressed his excitement at this partnership by saying: "We are proud to partner with E1 in our common mission to advance sustainable on-water adventures by pioneering cutting-edge electric technologies. We look forward to supporting the innovative E1 World Championship with Taiga's Orca watercraft."

The championship will see up to 10 teams racing using identical RaceBird boats that utilize innovative hydrofoil technology. Teams will have to tackle tight and technical circuits, reaching speeds close to 98 kilometres per hour (58 miles per hour). After a series of knockout rounds, only one team will ultimately secure the coveted E1 title of Champions of the Water.

High-profile event

Steve Aoki, a highly successful globally recognized DJ, and Tom Brady, a legendary NFL (National Football League) quarterback, have recently joined E1 as team owners, alongside sporting icon Rafael Nadal. These big names are thrilled to be part of this event not only to entertain fans but also to inspire future generations to pursue innovation and take part in a more sustainable future.

Sustainability first

Rodi Basso and Alejandro Agag, co-founders of the E1 World Championship, were inspired to create this event to advance their mission of promoting clean technologies and decarbonizing the leisure boating industry. Beyond that, they have created the Blue Impact Programme to help restore polluted coastal habitats across the globe. This aligns perfectly with Taiga Motors' focus on sustainability and the company's commitment to a cleaner future.

Mr. Basso expressed his pleasure at welcoming Taiga Motors as E1's exclusive PWC supplier by saying: "We are thrilled to join forces with Taiga Motors, a brand that shares our passion for sustainability in the context of racing and entertainment. We look forward to letting E1 fans discover Taiga's electric PWCs."

As the world moves toward more sustainable technologies, Taiga Motors and E1 are leading the way toward a cleaner future for the world of boat racing.

About Taiga Motors Corp.

Taiga Motors is a Canadian company reinventing the power sports landscape with breakthrough electric off-road vehicles. Through a clean-sheet engineering approach, Taiga has pushed the frontiers of electric technology to achieve extreme power-to-weight ratios and thermal specifications required to outperform comparable high performance combustion power sports vehicles. The first models released include a lineup of electric snowmobiles and personal watercraft to deliver on a rapidly growing demand from recreational and commercial customers who are seeking better ways to explore the great outdoors without compromise.

We seek Safe Harbor.

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