As stated in the press release on 10 June 2024, the engines to be delivered are based on the OXE200 platform and modified to be used for an inboard application. As previously announced, OXE Marine is going to receive an advance payment of USD 0.9M. The order is expected to contribute positively to both OXE Marine’s profitability and cash flow. Deliveries are planned to start in Q3 2024 and over the following 12-month period. After the US boat builder’s confirmation, the total purchase order value is USD 3.3M.
For more information, please contact:
Paul Frick, CEO, OXE Marine AB, paul.frick@oxemarine.com, +46 70 325 06 20
Jonas Wikström, Chair of the Board, jonas.wikstrom@oxemarine.com, +46 70 753 65 66
Certified Adviser FNCA Sweden AB is Certified Adviser for OXE Marine AB (publ).
OXE Marine AB (publ) (NASDAQ STO: OXE) is the company behind the world’s first high performance diesel outboard. The company’s unique and patented solutions for high transmission between powerhead and lower leg has led to a global high demand for the company’s diesel outboards.