STOCKHOLM, Feb. 4, 2021 /PRNewswire/ -- In-line with the
manufacturing agreement between OXE Marine AB (NASDAQ STO: OXE)
(OTCQB: CMMCF) and Outdoor Network Manufacturing (ONM), start of
assembly of OXE125-200 has been initiated by ONM in
Albany (GA, USA).
The development of the production set up in the USA has proceeded as planned, in line with the
goal to initiate production of OXE125-200 in Albany (GA, USA)
early this year. Production set up and initial assembly of units
are on-going with support from OXE Marine personnel on
site.
The first production units from the assembly will undergo
rigorous testing to ensure that stringent demands on endurance,
reliability, power and control are sustained.
OXE Marine AB continue in-house production of OXE Diesel units
to meet market demand, ensuring a constant supply of engines to the
market.
Certified Adviser
FNCA Sweden AB is Certified Adviser for OXE Marine AB (publ).
Contact details to FNCA Sweden AB: tel. +46 8 528 00 399,
e-mail info@fnca.se.
For further information, please contact:
Myron Mahendra, CEO,
myron.mahendra@oxemarine.com, +46 76 347 59 82
Anders Berg, Chairman,
anders.berg@oxemarine.com, +46 70 358 91 55
OXE Marine AB (publ) (NASDAQ STO: OXE, OTCQX: CMMCF) has,
after several years of development, constructed the OXE Diesel, the
world's first diesel outboard engine in the high-power segment. The
Company's unique patented engine-to-propulsion power transmission
solutions have led to high demand for the Company's engines
worldwide.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/oxe-marine-ab/r/first-oxe125-200-assembly-in-usa,c3278798
The following files are available for download:
https://mb.cision.com/Main/16067/3278798/1367378.pdf
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First OXE125-200
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SOURCE OXE Marine AB