Volvo Penta has been recognized for its ingenious Inboard Performance System (IPS) at the illustrious World of Yachts celebration on Saturday, September 10, at the Cannes Yachting Festival in the south of France. The awards were presented in front of more than 500 industry professionals and customers. The trophies reward the leading innovations in the luxury boating industry throughout the past year.

Johan Wästeräng, Volvo Penta’s Vice President of Marine Leisure Product Management, accepted the ‘Engine-Propulsion of the Year’ award.

“Innovation is in our DNA and we are very appreciative to have this recognition of Volvo Penta IPS,” he said. “It is testament to the research and development we continue to do with IPS and the way that the system is regarded as the ideal choice of propulsion system for an increasing number of marine applications.”