Twin Vee Powercats Corporate Announces Election Of New Board Directors Carol Craig And Larry Swets, Jr

FORT PIERCE, FL / ACCESS Newswire / December 5, 2025 / Twin Vee PowerCats Co. ,("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the election of Carol Craig and Larry Swets, Jr. to its Board of Directors at its 2025 Annual Meeting of Stockholders, effective December 4, 2025. Marcia Kull and Neil Ross have completed their terms and departed the Board effective December 4, 2025.

"We are very pleased to welcome Mr. Swets and Ms. Craig to our Board," said Joseph Visconti, CEO and President of Twin Vee PowerCats Co. "With deep expertise in public markets and vertically integrated manufacturing and a strong track record in scaling high-growth technology and financial organizations, they bring an exceptional understanding of strategic capital deployment and operational innovation. They will be tremendous team members going forward."

Mr. Swets currently serves as Executive Chairman of Saltire Capital, Ltd., a principal investment firm, a role he has held since 2022. With over 25 years of experience in financial services, he is also the founder and Managing Member of Itasca Financial LLC, an advisory and investment firm providing strategic consulting, capital structuring, and investment oversight to a range of clients and portfolio companies. Mr. Swets brings extensive governance experience, serving on the boards of GreenFirst Forest Products Inc., Harbor Custom Development, Inc., and FG Group Holdings Inc. Additionally, as the Head of Capital Markets for FG Nexus, Inc, and the CEO of FG Merger II Corp., he possesses significant expertise in special-purpose acquisition companies and capital structuring. Mr. Swets earned a Master's Degree in Finance from DePaul University in 1999 and a Bachelor's Degree from Valparaiso University in 1997. He is a member of the Young Presidents' Organization and holds the Chartered Financial Analyst (CFA) designation.

"I'm excited to join Twin Vee's Board," Swets stated. "I believe the Company has a solid portfolio of power catamarans and possesses an established brand in the marine industry. I'm eager to work and collaborate with management and fellow Board members."

Ms. Craig currently serves as the founder, CEO, and board chair of Sidus Space, a space and defense technology firm that she launched in 2012 with capabilities that include satellite manufacturing and technology integration, space and defense hardware component design and manufacturing, AI products and services, space-based data solutions, and end-to-end on-orbit mission operations. A pioneer in her field, in 2021, Ms. Craig became the first female founder to take a space-based company public through a Nasdaq IPO. She also founded Craig Technologies in 1999, growing it into a nationwide space and defense engineering and technology firm. One of the first female Naval Flight Officer's eligible to fly in combat aircraft in the U.S. Navy and the first female aviator in her P-3C Orion squadron, Ms. Craig holds a Bachelor of Arts in Computer Science from Knox College, a Bachelor of Science in Computer Science Engineering from the University of Illinois, and a Master of Science in Electrical and Computer Engineering from the University of Massachusetts at Amherst. She is currently pursuing both an MBA with a specialty in finance along with a PhD in Systems Engineering at Florida Institute of Technology.

"I'm honored to join Twin Vee's Board and contribute my experience in advanced technology solutions and vertically integrated manufacturing to support the Company's growth strategy. I believe that by leveraging innovation and integrated systems, we can strengthen operations and create lasting value for stockholders," said Ms. Craig.

The Board and executive leadership welcome Mr. Swets and Ms. Craig to the team and express sincere thanks to Mr. Ross and Ms. Kull for their contributions to the Company's mission.

About Twin Vee PowerCats Co.

Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boats is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.

The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.

Learn more at twinvee.com and bahamaboatworks.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding Mr. Swet's and Ms. Craig's expected contributions to the Company and creating long-term and sustainable value for the Company's stockholders.

These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, Mr. Swet's and Ms. Craig's respective contributions to the Company and its growth, the Company's ability to ability to actualize such contributions, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

Contact:

Glenn Sonoda

investor@twinvee.com

SOURCE: Twin Vee PowerCats Co.

View the original press release on ACCESS Newswire

FORT PIERCE, FL / ACCESS Newswire / December 3, 2025 / Twin Vee PowerCats Co. , ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced an update on its digital strategy and the development of artificial intelligence ("AI") tools designed to modernize the way recreational boats are bought, sold, traded, and financed. As part of this initiative, the Company is developing AI tools to enhance transparency, accelerate financing, and significantly improve the overall experience for both dealers and consumers.

Download the Wizz Banger Valuator:

"The rapid evolution of artificial intelligence initially outpaced the marine industry's capacity for integration," stated Joseph Visconti, CEO and President of Twin Vee PowerCats Co. "With AI now reshaping major sectors such as automotive, real estate, aviation, and logistics, the marine industry stands at the threshold of its own transformation. Historically slower to adopt advanced digital systems, the industry can now begin operating with the kind of speed, precision, and automation that consumers experience in other asset-class markets. Twin Vee's newly integrated digital ecosystem will bring together these emerging capabilities to connect dealers, customers, lenders, and insurance providers inside a single, unified environment-linking touchpoints that have traditionally functioned independently."

According to Visconti, one of the most significant barriers to a frictionless boat-buying experience is financing. Unlike automotive financing, which often takes only hours, marine financing can require two to three weeks-even for highly qualified applicants. This delay is not caused by lender hesitation but by the structural limitations surrounding how boat values are established.

To help solve this, Twin Vee has developed the Wizz Banger Valuator (available on the Apple App Store and Google Play Store), a proprietary AI platform built to address the marine industry's most persistent financing challenge: inconsistent and unreliable valuations.

The Wizz Banger Valuator uses multi-layered artificial intelligence to analyze high-resolution images captured with any smartphone or tablet. Through advanced pictorial AI, the system evaluates gelcoat condition, hull surfaces, cosmetic wear, oxidation, blistering, upholstery quality, deck and interior components, areas of corrosion or stress, rigging condition, external engine and drive appearance, and trailer condition when applicable. The platform applies a consistent condition-grade score based on these assessments-mirroring how a professional marine surveyor evaluates a vessel's cosmetic and structural attributes, but with immediate, standardized results that eliminate human variability.

Once the Wizz Banger Valuator generates its condition score, the platform merges that data with a comprehensive analytics stack incorporating national and regional listing data, recent comparable sales, historical sales records, depreciation and seasonality trends, regional pricing patterns, demand fluctuations, and model-specific desirability trends. The result is a true third-party valuation-a blend of objective condition analysis and real-world market data, free from OEM influence or subjective guesswork. With the Wizz Banger Valuator, Twin Vee believes that the marine industry now has a scalable technology capable of producing consistent, automated valuations across all brands and models. Only engine hours and internal mechanical conditions require manual confirmation from the seller or dealer.

Visconti recently went to a marina to demonstrate how the Wizz Banger Valuator works. That video can be found here.

Industry Outreach Underway

"To speed industry-wide adoption, we are actively engaging banks, insurance carriers, marine lenders, underwriting groups, dealer networks, valuation organizations, and industry associations," said Visconti. "These discussions include integrating collateral-value systems, replacing traditional inspection models with digital equivalents, implementing automated risk scoring, streamlining loan-approval protocols, verifying insurability, and creating unified data-exchange formats. Early feedback has been highly positive, with multiple financial institutions expressing interest in reducing evaluation costs and accelerating the overall financing cycle through the use of AI-driven valuations."

Twin Vee plans to release additional details on the Wizz Banger Valuator, dealer activation, and financial-partner integrations in the coming months.

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**Get more information about the Wizz Banger Valuator by visiting https://wizzbangerconnect.com/

Download the Wizz Banger Valuator now on the Apple App Store and Google Play Store.

About Twin Vee PowerCats Co.

Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boats is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.

The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.

Learn more at twinvee.com and bahamaboatworks.com.

About Wizz Banger, Inc.

Wizz Banger, Inc. is driving innovation in the marine industry with AI-powered technology that brings clarity, transparency, and accuracy to boat buying, selling, and financing. By combining advanced visual intelligence with market data, Wizz Banger is creating tools that empower consumers, dealers, and financial institutions to make smarter decisions. Beyond valuation, the Company is developing integrations with dealer platforms, insurance providers, and lenders to create a seamless ecosystem for the entire lifecycle of boat ownership. Wizz Banger's mission is to modernize the marine industry by delivering technology that simplifies transactions, reduces friction, and unlocks new opportunities for growth.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding continued growth and development of the Company's technology platform, the Company's engagement with dealers and financial and other partners, and the Company's plans to release additional data.

These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others: market acceptance of the Company's technology platform, including Wizz Banger Valuator, the and the ability of the Company to monetize its technology, the Company's ability to expand its retail and dealer network, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

Contact:

Glenn Sonoda

investor@twinvee.com

SOURCE: Twin Vee PowerCats Co.

View the original press release on ACCESS Newswire

FORT PIERCE, FLORIDA / ACCESS Newswire / November 24, 2025 / Twin Vee PowerCats Co. , ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced a significant financial opportunity now available to qualified boat buyers thanks to the federal "Big Beautiful Bill," which delivers powerful depreciation benefits for vessels used in business.

Under the legislation, any boat - new or used - which is used 50% or more for business purposes qualifies for 100% first-year depreciation. This creates a massive tax advantage for entrepreneurs, business owners, contractors, real-estate professionals, charter operators, and anyone who legitimately uses a vessel for work. The result: buyers can dramatically reduce taxable income in the same year they purchase their boat.

While the incentive applies to any qualifying vessel in the market, Twin Vee believes that it is uniquely positioned to help buyers take advantage of it quickly and efficiently.

Why Twin Vee makes the incentive even more attractive:

• Wide range of eligible models from 24'-40' designed for fishing, transport, survey, commercial support, client entertainment, and on-the-water business operations

• High utility designs that easily meet business-use requirements due to layout, range, fuel economy, and multi-purpose functionality

• Fast delivery and production capacity to help buyers secure their 2025 tax benefits before year-end

• Transparent pricing and strong resale economics, improving both short-term and long-term financial outcomes

• Dealer and factory support for documentation of business-use configuration and customization, assisting buyers in structuring their purchase correctly

"This incentive is one of the strongest financial tools available to boat buyers in the modern market," said Joseph Visconti, CEO of Twin Vee PowerCats Co. "A qualifying buyer can purchase a Twin Vee and legally deduct the entire cost in the first year. For many business owners, that changes the entire affordability equation."

For the broader boating community, the Big Beautiful Bill injects meaningful affordability into the marketplace during a time when rising rates and inflation have created headwinds for recreational and commercial buyers alike. The law helps stimulate sales, supports U.S. manufacturing jobs, and brings more consumers into the boating economy.

Twin Vee encourages all potential buyers to consult with a certified tax professional to confirm eligibility and proper usage requirements.

About Twin Vee PowerCats Co.

Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boats is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.

The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.

Learn more at twinvee.com and bahamaboatworks.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the Company's anticipated delivery and production capacity, the resale economics of the Company's boat model lineup, the continuing eligibility of a wide range of boat models for favorable tax treatment, and the anticipated economic benefits of the Big Beautiful Bill. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to maintain its current delivery and production capacity, the Company's ability to maintain its dealer network and factory support capabilities, the long-term economic impact of the Big Beautiful Bill and the Company's ability to recognize its anticipated benefits, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

Contact:

Glenn Sonoda

investor@twinvee.com

SOURCE: Twin Vee PowerCats Co.

View the original press release on ACCESS Newswire