Tuesday, June 18, 2024
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US$5.8m order for OXE Marine

OXE Marine Inc (US), a subsidiary of OXE Marine AB, has received its largest order to date – totalling US$5.8m – to supply a United States Governmental Agency. 

The order includes 40 units of the company’s diesel OXE outboard engines, rigging accessories, spare parts and lifecycle support as well as rigging and installation services.

“We are excited to be selected as the supplier and this order marks yet another milestone in the development of OXE Marine as our products continue to gain market recognition,” said Jeremy Davis, CCO and US executive vice president of OXE Marine. “The OXE outboards have enabled our users to reach new performance targets of range and enhanced fuel economy thanks to OXE’s unique technology.”

Delivery

All products are planned for delivery in 2023 with the installation services to be carried out during 2024.

The order was placed by a private contractor in the US, which received the award to deliver the equipment to the Agency.

The order underscores the growing recognition of OXE Marine’s products and reinforces its position as a trusted choice for government agencies worldwide. OXE Marine products are designed for applications where high-speed, torque, range, fuel efficiency and safety are all required.

“This has a significant impact on our company both in terms of the size of the order but also the recognition of the ability of OXE Marine to make a meaningful impact on the marine market,” added Paul Frick, OXE Marine CEO.

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