OXE Diesel News

OXE Marine AB (publ) Interim report 1 July to 30 September 2020

Third quarter 2020 Net turnover of SEK 3.4m (SEK 23.3m) Gross Profit of SEK 0.8m (SEK 2.8m) or gross margin of 24% (12%) Operating Loss/EBIT of SEK -25.1m (SEK -18.7m) Net loss for the period of SEK -27.3m (SEK -20.8m) Order book grew by 77% to EUR 9.6m or SEK 101m (EUR 5.4m or SEK 57m as at end of Q2 2020)

Georgia Boating Company Outdoor Network Announces Expansion, New Advanced Factory

A marine and power sports equipment company is planning a $22 million expansion at its Georgia headquarters, state officials announced. Outdoor Network, a dealer and distributor of equipment and parts that operates e-commerce sites Boats.net, Partzilla.com, and Firedog.com, will expand a distribution center and build a new advanced manufacturing facility in Albany, Georgia.

VESSEL REVIEW | GRIEG 04 – HIGH-SPEED, ALL-WEATHER GENERAL SERVICE WORKBOAT FOR GRIEG SEAFOOD’S SHETLAND SALMON FARM

Flugga Boats has delivered a batch of four newbuild fish farm support vessels to the Shetland salmon farming division of Norwegian aquaculture company Grieg Seafood. As with other craft in the Flugga Boats product line, the Grieg Seafood workboats each have an aluminium hull and an HDPE collar to help ensure longer vessel lifespan and lower maintenance requirements. The all-weather, high-speed craft will be used primarily to transfer personnel between the different sites within Grieg Seafood’s vast salmon farming operation in the Scottish archipelago of Shetland, where Flugga Boats is also located.

OXE Marine AB distributor Diesel Outboards LLC confirmes order for more than 50 OXE300 from US government for deployment in Central America

OXE Marine AB (the Company) distributor, Diesel Outboards LLC, announced today that Spartan Corporation a premier Dealer for Diesel Outboards LLC has been awarded a US Government multiyear contract to outfit and support operations in Central America. The initial order received is for fifty (50) OXE300 and has been received and accepted from Spartan Corporation (a premium dealer for Diesel Outboards LLC). Spartan will also supply the full life cycle support, logistical support and maintenance within the contracted operational area in Central America as part of the parts/service/spares solutions.

OXE Marine AB (“the Company”) has received the official approval and issuance of EPA Tier 3 certificate for OXE300

The EPA certification approval allows OXE Marine AB to sell and distribute our OXE300 in all markets where EPA Tier 3 certificate is required. OXE Marine AB (“the Company”) has received the official approval and issuance of EPA Tier 3 certificate for OXE300. The company are pleased to report that the certificate is valid for a all power ratings we have applied for, 200-310 hp prop power, which further extends the potential of the power-range for the certified OXE300 unit.

OUTBOARD UPDATES

Moving forward after BRP discontinued Evinrude. Evoy had the agreement in place with Evinrude Norway for smaller volumes based on that leg. Then, sadly, BRP surprisingly decided to discontinue the 107 years old Evinrude brand in May this year. We went back to the drawing board with regards to the mechanical solution and we are happy to announce that we are doing an assessment of Oxe Marine to test our system with their patented belt-driven lower leg. You can read more about that in this Oxe – Evoy Press Relese.

The Spartan Way – OXE DIESEL OUTBOARD

Spartans are ready to support our customers in a wide range of capabilities from data virtualization to contract support. Our technical expertise is focused on four primary domains, but we are far from limited to these areas. As a leading Disabled Veteran Owned Small Business (SDVOSB) supplier to the federal government and the DoD contracting community, our team will do whatever it takes to ensure our client's success.

OXE Marine undertaking exciting collaboration to engineer electric-powered boats

OXE Marine AB (OTCQX:CMMCF) Myron Mahendra tells Proactive the Sweden-based group has entered into a cooperation agreement with Norway-based Evoy AS to assess the technical and market viability of a high-powered electric outboard using OXE Marine's lower leg together with Evoy’s electrical marine propulsion system.

NEW OUTBOARD DIESEL ENGINE REDUCES BOTH EMISSIONS AND COST

In 2020, OXE Marine launched the OXE300, the world’s most powerful outboard diesel engine for commercial users. Collaborating with OXE Marine, Semcon played an active role in the development of the outboard’s mechanical components. The OXE300 is designed to be used in environments where strength, power, low fuel consumption and long range are crucial. At the same time, it also needed to be a safe and reliable product for all maritime operators who come in contact with it. The result was the most fuel-efficient 300-horsepower outboard diesel engine on the market.

OXE Diesel Outboards A diesel alternative for outboard boaters

The retail price? We found a 2020 OXE 300 advertised for $60,822. Compare that to an advertised price of $25,553 for a Yamaha F300. Quite a difference, but Pelosi contends that the OXE will have paid for the difference with fuel savings at the 500-hour point. Given that OXE expects its diesel outboards to offer a life expectancy in the 10,000-hour range, the savings could pile up.