Marine Technology

What Marine Technology does

Marine Technology Inc. (MTI) is a privately held U.S. manufacturer of custom high-performance powerboats, headquartered in Wentzville, Missouri with additional sales and service locations in Miami, Florida and Green Bay, Wisconsin. Founded by Randy Scism, a legendary offshore racing figure, MTI designs and builds three core product lines: racing and pleasure catamarans, center console vee-bottoms (the MTI-V series featuring the patented Slot V hull), and twin outboard catamarans. Each hull, ranging from 34 to 55+ feet, is custom-built to client specifications, with optional full carbon fiber layups and Mercury Racing engine configurations delivering speeds up to 100+ knots.

MTI's core technology centers on proprietary hull engineering — most notably the patented Slot V hull with twin catamaran-style keels — supported by decades of racing-proven design iteration. Models including the 340X, 390X, 440X, V42/SV42, and 50V span speed-focused runabouts to luxury center consoles, with the 440X and V50 representing the most recent product expansions into the carbon-fiber and 50-foot flagship segments.

The business model is direct-to-consumer custom manufacturing with one-time sales typically priced $500K-$1.5M+ per new build and $249K-$2M for pre-owned boats. Go-to-market centers on bespoke sales engagement, a strong presence at major international boat shows (Cannes, Fort Lauderdale, Miami), and an owner community (MTI Owners Group events, annual fun runs) that drives referrals. The company employs 51-100 people, operates an ESOP, and is currently expanding into European manufacturing (€15M Klaipėda facility announced Feb 2026) and European sales channels via Cannes 2026.

Name

Marine Technology

Legal name

Marine Technology Inc.

Website

https://marinetechnologyinc.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

Marine Technology Inc. is a Wentzville, Missouri-based custom boat builder that designs and manufactures high-performance racing catamarans, center console vee-bottoms, and twin outboard catamarans for high-net-worth individuals, professional racing teams, and luxury pleasure boaters using its patented Slot V hull technology.

Ownership category

akta.pro rank

Product category

High-Performance Powerboat Manufacturing

NAICS

Boat Building (336612)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Luxury Catamaran (Power & Sail) Manufacturing (IMAJAMAF)

akta.pro secondary industries

Catamaran & Multihull Leisure Craft Manufacturing (IMAJAEAC), Semi-Custom & Series Production Yacht Manufacturing (IMAJAEAM)

Keywords

• High performance powerboats
• Catamaran boat manufacturing
• Center console boats
• Custom offshore racing boats
• Twin outboard catamarans

Headquarters

HQ city

Wentzville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Custom Boat Sales: MTI designs and builds high-performance catamarans, center consoles, and twin outboard catamarans that are custom-built for each customer. Boats range from 34 feet to 55+ feet with prices typically ranging from $500,000 to over $1,500,000 for new custom builds.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Marine Technology Inc. (MTI Boats) designs and manufactures custom-built, high-performance powerboats across three core product lines: catamaran-style Race/Pleasure boats, Center Console Vee-Bottom boats (MTI-V series), and Twin Outboard Catamarans. Vessels are individually specified and built in 34-to-55+ foot configurations with proprietary hull engineering, optional carbon fiber construction, and Mercury Racing powerplants, targeting offshore racing and luxury pleasure use.

Product overview

Marine Technology Inc. (MTI) is a custom boat builder specializing in high-performance powerboats across three main product lines: Catamaran Race/Pleasure boats, Center Console Vee-Bottom boats (MTI-V series), and Twin Outboard Catamarans. Each boat is custom-built to client specifications. The model lineup includes the 340X (smallest, up to 100 knots), 390X, 440X, V42/SV42 (Slot V hull technology), 50V center console, and larger catamaran models. MTI also supports a pre-owned boat marketplace. The company holds numerous racing championships and world records, demonstrating competitive performance credentials across its product range.

Differentiator

Problem solved

Functional benefit

Products and services

• MTI Catamaran (Race/Pleasure) High-performance catamaran-style boats available in Race/Pleasure configurations. Custom-built to meet specific client needs, featuring superior craftsmanship and incorporation of latest marine electronics and modern features, used in offshore racing and luxury pleasure applications.
• MTI Center Console Vee-Bottom (MTI-V Series) Center console vee-bottom powerboats offering performance, comfort, and customization for demanding boaters. Available in multiple models including V42, SV42, and V50, with patented Slot V hull technology providing twin-keel catamaran-like stability and speeds up to 70 knots.
• MTI Twin Outboard Catamaran Twin outboard-powered catamaran boats combining the stability of a catamaran platform with outboard engine efficiency and accessibility. Sold as part of MTI's custom-build program targeting offshore pleasure, fishing, and family boating use.
• Pre-Owned MTI Boats Certified pre-owned MTI vessels including various model years (2017-2025) and configurations (390X, SV42, 42V, 50V, 440X). MTI works as a partner to facilitate resale of pre-owned boats, with pricing ranging from approximately $249,000 to $1,999,000.

Quantifiable outcome

• 100+ knots achievable speed on MTI 340X
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Nor-Tech Boats: Builder of high-performance offshore catamarans and center consoles sold directly to enthusiast and HNW buyers. Directly competes with MTI in 34–55 ft custom offshore powerboats with race-proven hulls.
• Cigarette Racing Team: Iconic offshore powerboat builder focused on high-performance offshore V-hulls and catamarans. Closely comparable to MTI in customer profile, custom configurations, and racing heritage.
• Skater Powerboats: Custom catamaran and V-bottom performance boat builder with similar build slots, horsepower configurations, and racing pedigree. Direct head-to-head competitor in offshore performance catamarans.
• Mystic Powerboats: Manufacturer of high-performance catamarans and offshore V-bottoms, including race and pleasure configurations. Direct competitor in the same product category and similar price band.
• DCB Performance Boats: Custom catamaran and V-bottom performance boat builder serving both racing teams and luxury pleasure customers. Comparable in build process, propulsion options, and direct-sales model.
• Outerlimits Offshore Powerboats: Custom offshore powerboat manufacturer producing high-end V-hull and catamaran builds for HNW enthusiasts. Comparable custom model, premium pricing, and racing-aligned customer base.
• Statement Marine: Boutique custom offshore performance boat builder delivering V-bottoms and catamarans to enthusiast buyers. Comparable build-to-order approach, luxury configuration depth, and racing legacy.

Broad incumbents

• Fountain Powerboats: Established high-performance powerboat manufacturer offering offshore V-hulls and center consoles at broader production volume. Comparable performance DNA and engine partnerships, though distributed through dealers rather than pure custom.
• Donzi Marine: Heritage performance boat brand now producing high-end offshore and center console models. Comparable high-performance positioning but broader portfolio and dealer distribution.
• Sunseeker (luxury yacht builder): Global luxury performance motor yacht builder competing for the same HNW recreational boating wallet at the upper end of MTI's price band. Comparable customer profile with broader product range and international dealer network.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/mtiboats
• YouTubeyoutube.com/channel/UC-xVl1v74fA3uw_QwASwDlQ
• Facebookfacebook.com/mtiboats
• Instagraminstagram.com/mtiboats

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marine Technology