Core Insights - Twin Vee PowerCats Co. has elected Carol Craig and Larry Swets, Jr. to its Board of Directors, effective December 4, 2025, following the departure of Marcia Kull and Neil Ross [1][5] Group 1: Board Member Profiles - Larry Swets, Jr. brings over 25 years of experience in financial services and is currently the Executive Chairman of Saltire Capital, Ltd. He has extensive governance experience and holds a Master's Degree in Finance [2][3] - Carol Craig is the founder and CEO of Sidus Space, a space and defense technology firm. She has a strong background in advanced technology solutions and is pursuing an MBA and a PhD in Systems Engineering [3][4] Group 2: Company Overview - Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, known for their stable, fuel-efficient, and smooth-riding catamaran hull designs [6][7] - The company has been building and selling boats for 30 years and is recognized as a leading brand in the catamaran sport boat category [6][7]

Core Insights - Twin Vee PowerCats Co. is modernizing the marine industry by developing AI tools to enhance the buying, selling, trading, and financing of recreational boats [1] - The company has introduced the Wizz Banger Valuator, an AI platform aimed at providing consistent and reliable boat valuations, addressing a significant barrier in marine financing [1][2] Company Developments - Twin Vee is focusing on integrating AI technology to improve transparency and speed in the boat financing process, which currently takes two to three weeks compared to hours in automotive financing [1] - The Wizz Banger Valuator uses advanced AI to analyze high-resolution images of boats, assessing various conditions and providing standardized condition scores [1] - The platform combines condition scores with market data to deliver objective third-party valuations, free from subjective influences [1] Industry Impact - The marine industry has historically been slow to adopt advanced digital systems, but the integration of AI is expected to transform operations, enhancing speed and precision [1] - Twin Vee is actively engaging with banks, insurance carriers, and other stakeholders to promote the adoption of AI-driven valuations and streamline financing processes [1] - Early feedback from financial institutions indicates a strong interest in reducing evaluation costs and accelerating financing cycles through the use of the Wizz Banger Valuator [1]