OXE Diesel News

Outdoor Network announces $22 million Albany expansion, creating 92 jobs

ALBANY – The Albany-Dougherty Economic Development Commission, together with Georgia Gov. Brian Kemp, announced Wednesday the expansion of Outdoor Network in Albany, creating nearly $22 million in capital investment and 92 new jobs for the community. Of the 92 new jobs, 52 will be created at the distribution and call center to be consolidated and expanded at 1601 South Slappey Blvd. — formerly the site of MacGregor Golf, which has sat privately owned, but vacant, for more than 20 years. The new manufacturing operation of OXE diesel outboard motors will generate an additional 40 manufacturing jobs.

Nirva High Performance Boats

Nirva series of high-performance catamaran boats that are suitable for ten passenger capacity. Kerala Govt. use these boats for water taxi service and is the first such service in India. These boats come in solar-hybrid, petrol or diesel OBM variants. High-performance electric steering and auxiliary power entirely by solar power are common across platforms.

OXE Marine undertaking exciting collaboration to engineer electric-powered boats

This week, our CEO Myron Mahendra spoke to Proactive about future collaborations to develop the technology to create sustainable electric outboards, for commercial use within lakes, geo-parks or inland waters.

OXE Marine AB’s SEK 65,9 Million Directed Share Issue

OXE Marine AB (publ) has carried out a directed share issue to strategic and qualified investors. The subscription price was determined through an extensive book building process to a large number of qualified investors. The share issue provides OXE Marine with a capital injection of SEK 65,9 million before transaction costs. OXE Marine produces the OXE Diesel, the worlds’ first commercially available diesel outboard within the higher power ranges. OXE Marine is listed on Nasdaq First North Growth Market.


Testing the OXE Diesel 200hp on the water, Jake Frith finds its main appeal is the cost graphs he sees back on dry land. It’s fair to say that the leisure marine market will be largely unmoved by the OXE Diesel outboard range. At approximately £39000 for the 200hp model, for light use, fair weather boaters, a four stroke petrol engine from one of the Big Four, at nearer £17k would always make more sense.


First batch of OXE175 outboard engines has been delivered to the Russian Rescue Service by OXE Marine AB distributor Dizel Export LLC. The long service life, high power and low fuel consumption of the OXE Diesel, combined with the advantages of outboard motors makes the OXE Diesel an excellent solution for multipurpose search and rescue operations.

A batch OXE200 leaves our facility in Ängelholm after CCS certification

OXE Diesel range did after extensive product tests, rigorous sea trials, production as well as drawing and material approvals to obtain the final type Approval from China Classification Society (CCS) mid-2019. It was an important step for our Asian distributors as it opened up an extensive segment in the commercial market. Today a new batch of OXE200 leaves our facility in Ängelholm after CCS certification.

OXE Marine AB (publ) and Evoy AS assessing the potential of a high-powered electric outboard

The Company has entered into a cooperation agreement with Evoy AS to assess the technical and market viability of a high-powered electric outboard using the Company’s patented lower leg together with Evoy’s electrical marine propulsion system. The target is initially a 150 hp equivalent motor and later we will assess larger packs up to 300 hp. Following a successful assessment, both parties will contemplate a deeper cooperation to develop, produce and market the product worldwide.

OXE Marine AB (publ) agrees on EUR 2,8 million order for 2021 and resolves not to pursue 50 percent revenue growth target for 2020

OXE Marine AB (publ) (the “Company”) has today signed a letter of intent with current Central and South West US distributor Diesel Outboards LLC (part of the Outdoor Network group) (“ODN”) to expand ODN’s distribution territory to also cover South East US. On signing the definitive distribution agreement, ODN will place an order for OXE units to be delivered during 2021 for a value of approx. EUR 2,8 million. Due to COVID-19 related supply chain disruptions affecting start of production of the OXE300 and the previous decision to stop production at UFAB, the Company has today resolved not to pursue its 50 percent revenue growth target for 2020.

Oxe Marine AB upgraded to OTCQX from the OTCQB

Oxe Marine AB begins trading today on OTCQX under the symbol “CMMCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.