Malibu Boats said today that it has licensed what it said is its industry-leading wakesurfing innovations to Chaparral Boats.
Chaparral will manufacture and use its version of the technology to equip certain models in its product line. Malibu said Chaparral recognizes that Malibu's Surf Gate was the first and is still the best-performing surf innovation on the market.
Malibu said many watersports pros consider Surf Gate to be the platinum standard for wake and wave creation. The system ensures wakesurfing enthusiasts large, clean, smooth surf waves on either side of the boat.
"We are excited and proud to license our innovations to Chaparral. Chaparral is a premium brand and market share leader with a 52-year history of building boats with exceptional quality," Malibu Boats CEO Jack Springer said in a statement. "Chaparral conducted itself honorably by requesting a license to our technology."
With the license, Chaparral can offer the premium surfing experience to market segments not directly served by Malibu or its Axis Wake Research brand.
"This license will help introduce even more people to the fun of wakesurfing, and to Chaparral's version of Malibu's wakesurfing technology, which produces the most amazing waves for that sport," Springer said.
"Building Chaparrals with our version of Malibu's patented wakesurfing technology is a game changer,” said Buck Pegg, Chaparral's founder and executive vice president.
“It is exciting to introduce wakesurfing to our sterndrive customers. Combining our version of Malibu's innovations with the Volvo Penta Forward Drive creates an incredible wake. We have the opportunity to introduce new buyers to the sport of wakesurfing."