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Twin Vee PowerCats, Co. (VEEE)

NASDAQ: VEEE · IEX Real-Time Price · USD
3.80 -0.01 (-0.26%)
Oct 15, 2021 4:00 PM EDT - Market closed

Company Description

Twin Vee PowerCats Co. is a designer, manufacturer and marketer of recreational and commercial power catamaran boats.

We currently have over 12 models in production ranging in size from our 24-foot, dual engine, center console to our newly designed 40-foot offshore 400 GFX.

Our boats allow consumers to use them for a wide range of recreational activities including fishing, diving and water skiing and commercial activities including transportation, eco tours, fishing and diving expeditions.

We primarily sell our boats through a current network of 10 independent boat dealers in 14 locations across North America and the Caribbean who resell our boats to the end user Twin Vee customers.

Due to the growing demand for sustainable, environmentally friendly electric and alternative fuel commercial and recreational vehicles, our ELECTRA Power Sports™ Division is designing and developing a fully electric outboard motor propulsion system.

We intend to market the ELECTRA electric outboard motor propulsion system to other independent boat manufacturers after we complete our design, build the prototype and complete our tests on the motor.

We envision significant inroads with boat manufacturers to retrofit various hull configurations replacing traditional gas and diesel fuel powered fuel compartments with battery packs and existing boat owners could also retrofit their existing gas and diesel fuel powered boats with Electra’s outboards and battery packs.

Twin Vee PowerCats, Co.
CountryUnited States
IPO DateJul 21, 2021
IndustryRecreational Vehicles
SectorConsumer Cyclical
CEOJoseph C. Visconti

Contact Details

3101 S. US-1
Ft. Pierce, FL 34982
United States

Stock Details

Ticker SymbolVEEE
Fiscal YearJanuary - December
Reporting CurrencyUS Dollars
IPO Price$6.00
CIK Code1855509
ISIN NumberUS90177C1018
Employer ID41-2103985

Key Executives

Joseph ViscontiPresident, Chief Executive Officer and Chairman
Donna Marie BarnettChief Financial Officer and Controller
Preston YarboroughVice President and Director
Jay FosterChief Marketing Officer
Dan NortonChief Engineer