OXE Diesel News

OXE diesel outboards bring compression ignition to the transom.

It’s no accident that Cimco Marine, the Swedish company building this new diesel outboard, named it OXE. That is the Swedish word for ox, the farm animal known historically for taking on incredible workloads. In building the new OXE outboard diesel, Cimco hopes to provide a rugged new outboard option that can handle thousands of hours of duty on workboats—but that also has recreational appeal. Think yacht owners looking to run the same fuel through their tenders or boaters looking for increased fuel economy and durability in their outboards.

ASSESSMENT OF THE AUTOMOTIVE 2.0 LITRE TURBO DIESEL ENGINE

OXE Marine AB (publ) (the “Company”) has today entered into a Preliminary Development Agreement (PDA) with the BMW Group to carry out a preliminary study of its 2.0 litre, 4 cylinder turbo diesel engine for marine application - to power the Company’s next generation of OXE200 series. Additionally, both companies have agreed to co-brand the OXE300 to further develop the Company’s marketing and sales strategy with the aim of promoting the premium quality of the product.

OXE Marine AB (publ) Interim report 1 April to 30 June 2020

Given the background of significant global economic and social disruption due to the COVID-19 crisis, the Company achieved sales amounting to SEK 21.8m for the quarter (SEK 24.1m), whilst being significantly above Q1 sales of SEK 10.2m. Additionally our order book grew organically by 6% (1% after currency translation) relative to Q1 2020. The order value together with year to date sales represents 98% of net turnover of 2019.

Strong as an Oxe

Unst Inshore Services are currently building six Fluggaboats for Grieg Seafood. These boats are being used as fast work boats for their sites in Shetland. Four of these are 8.5 m twin OXE 150 hp forward cabin boats and two are single engine aft consol boats with deck area as a priority.

The OXE300 has successfully concluded its certification run for EPA and IMO emission test.

All required test reports and supplementary documentation for the EPA application process have been forwarded and received by EPA for their effective handling towards the issuance of certificate for commercial and recreational use. The application is for EPA and IMO (for US flagged vessels). IMO (for international) and RCD will follow later as it is a separate process by DNV-GL.

Mack Boring to supply OXE Diesel outboards to USCG

OXE distributor, Mack Boring & Parts Co., Somerset, N.J., is to supply four OXE Diesel Outboard units to the United States Coast Guard through a Defense Logistics Agency Tailored Logistics Support contract.

OXE Marine available for trading on the OTCQB Market in the United States of America

STOCKHOLM, Aug. 17, 2020 /PRNewswire/ -- OXE Marine AB ("the Company") (NASDAQ STO: OXE) (OTCQB: CMMCF) is pleased to announce that it has commenced trading in the US on the OTCQB Market as an F share under the symbol "CMMCF". As an OTCQB-traded company, the Company can benefit from increased visibility across the U.S. investor community. Investors can find financial disclosure and real time level-2 quotes for the company on www.otcmarkets.com.

Parsun to sell OXE Diesel Outboards in China

OXE Marine AB has resolved to initiate a cooperation with Parsun, the largest Chinese outboard engine manufacturer. The cooperation covers the Chinese market where Parsun have entered into a distribution agreement with OXE Marine AB as the first step towards a partnership between the two companies. The potential of a high-powered diesel outboard for the commercial and governmental service market is huge.

Ralf Losch, CCO OXE Marine Part 3

Episode three interview series with OXE Marine CCO, Ralf Losch. In this episode, Ralf Losch discusses marketing and sales of OXE Diesel, he also highlights some of the highlights for OXE Marine AB up to this point.

The Kreta an OXE Diesel Engine

The Kreta gives super-yacht tenders unparalleled mastery of range, fuel efficiency, maintenance and safety and so much more.