Twin Vee PowerCats provides update on digital strategy

Twin Vee PowerCats (VEEE) announced an update on its digital strategy and the development of artificial intelligence 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. “The rapid evolution of artificial intelligence initially outpaced the marine industry’s capacity for integration,” stated Joseph Visconti, CEO. “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, a proprietary AI platform built to address the marine industry’s most persistent financing challenge: inconsistent and unreliable valuations.