Oxe Marine Ab. - CMMCF STOCK NEWS

OXE Marine AB (OTC-PINK:CMMCF) has launched the OXE Diesel Product Configurator, a tool enabling customers to customize their outboard motors according to personal specifications. The configurator provides a user-friendly interface for selecting various features such as power output and shaft length, with real-time pricing and information on fuel savings and emissions. Sales Director Jeremy Davis emphasized the configurator's potential to meet diverse customer needs, from commercial to recreational use. This innovation is now available on the OXE Marine website, allowing users to save and modify their configurations as needed. OXE Marine continues to position itself as a leader in high-performance diesel outboards, responding to the growing global demand for customized marine solutions.

OXE Marine AB has introduced its first product configurator, allowing customers to personalize their OXE Diesel Outboard engines according to individual specifications. This tool, which generates a downloadable PDF of the configured outboard, features a user-friendly interface for selecting power output, shaft length, and other specifications. The configurator provides real-time pricing and insights into fuel savings and emissions reduction, enhancing customer experience. Jeremy Davis, Director of Sales, highlighted the configurator's ability to meet diverse customer needs, from commercial fishermen to recreational boaters. The configurator is now available on the OXE Marine website and is compatible with the entire product range.

OXE Marine AB has published its annual report for 2022, highlighting significant developments in the marine diesel outboard market. The company, formed in 2012, has pioneered the OXE Diesel, the world's first high-power diesel outboard engine, offering superior fuel efficiency compared to traditional gasoline engines. The demand for OXE Diesel is bolstered by directives such as NATO's Single Fuel policy, promoting diesel use. Key events include the acquisition of Diesel Outboards, a SEK 70 million directed share issue, and amendments to bond terms extending repayment dates. The company is focused on sustainability, exploring electric and hybrid technologies, and aims to strengthen its U.S. market presence.

OXE Marine AB (OTC-PINK:CMMCF) announced the details for its Annual General Meeting scheduled for May 2, 2023, at 14:00 in Ängelholm, Sweden. Shareholders must register by April 21, 2023, and notify attendance by April 25, 2023. The meeting will cover key agenda items including election of board members, distribution of company results, and potential authorization for share issuance. Notably, the board proposes no dividend for the financial year 2022. The nomination committee suggests Jonas Wikström as chairman of the meeting. Shareholders can access meeting documentation through the company’s website ahead of the event.

OXE Marine AB has announced its Annual General Meeting scheduled for May 2, 2023, at Hotell Erikslund, Ängelholm, Sweden. Shareholders must register by April 21, 2023, to participate. The agenda includes the election of board members, approval of the annual report, and a proposal for no dividend distribution for the financial year 2022. The nomination committee has proposed Jonas Wikström as the chairman. Additionally, a resolution will authorize the board to issue new shares, up to 20% of outstanding shares. Complete proposals and documentation will be available to shareholders before the meeting.

OXE Marine is expanding its reach in Asia by appointing Creation Co., Ltd as its first dealer for diesel-powered outboards in Japan. This partnership aims to increase sales and enhance OXE Marine's international presence, following previous distributor agreements in countries like the Philippines, Singapore, and Malaysia. CEO Anders Berg expressed confidence in the appeal of their diesel outboards, noted for their superior fuel efficiency. The OXE Diesel Outboards demonstrate significantly lower fuel consumption and can operate on biodiesel, reducing carbon emissions by up to 92% compared to gasoline engines.