Cimco Marine AB (publ) has today received orders for the OXE300 from one of its distributors in the Americas in respect to mainly governmental use. The total revenue for this order is approx. EUR 3 million for the base units, excluding accessories, service kits and spare parts.
Delivery of the OXE300 units will commence once start of production commences, which is expected to be in the second quarter of 2020. The entire order is expected to be delivered during 2020.
“I am extremely pleased that, following the successful marketing launch of the OXE300 at the Genoa Boat show in September, the level of interest in our product has increased substantially and the order now received is in reflection of the quality and acceptance of our current production of the OXE200”, says Myron Mahendra, CEO
At OXE Marine we are driven by the ambition to transform the outboard motor; impacting the journey towards a more sustainable and ecologically positive marine environment. We are passionate, knowledgeable, and reliable. Passionate to commit to innovation and excellence, knowledgeable to recruit and retain high-quality personnel, and reliable to commit to supplying safe, durable, and reliable products and services and to openness and fairness with all our stakeholders. OXE Marine believes in a strong collaborative approach between our teams and partners while being daring and persistent in our passion for excellence. OXE Marine was founded in 2012, and is the company behind a patented outboard transmission, enabling the use of high torque diesel engines on outboard systems and in sterndrive solutions.