CONDUCTED TESTS OF THE OXE300 ON A POPULAR RECREATIONAL BOAT, SHOWS THAT THE GASOLINE ALTERNATIVE CONSUMES 50 PERCENT MORE FUEL

Rhea-AI Summary

OXE Marine AB conducted sea trials demonstrating that its OXE300 diesel outboard consumes 50% less fuel than equivalent gasoline outboards. Conducted in early October in Öresund waters, tests included a dual OXE300 installation on a 12-meter tender. When run on biodiesel (HVO100), carbon dioxide emissions were reduced by 92%. CEO Anders Berg highlighted the significant advantages of the diesel outboards in fuel efficiency. The OXE300 will be showcased at the Fort Lauderdale International Boat Show starting today.

Positive

• OXE300 diesel outboards consume 50% less fuel than gasoline alternatives.
• Carbon dioxide emissions reduced by 92% when using biodiesel (HVO100).
• Strong market demand for OXE Marine's patented high-performance diesel outboard solutions.

Negative

• None.

ÄNGELHOLM, Sweden, Oct. 26, 2022 /PRNewswire/ -- OXE Marine AB (publ) have conducted sea trials where the company's 300 hp diesel outboard OXE300 has been tried against a gasoline outboard of equivalent power. The tests, conducted on a popular 12-meter tender, show that OXE Marine's OXE Diesel outboards consume 50% less than the traditional gasoline alternative. When the outboards were run using biodiesel (HVO100) carbon dioxide emissions were reduced by an astonishing 92% compared to the gasoline alternative.

The tests were conducted start of October in the waters outside of Öresund. The boat, built by one of the bigger recreational boat builders in Sweden, had been mounted with a dual OXE Diesel OXE300 installation. As reference, test runs were also conducted with gasoline outboards of equivalent power.

"We knew our diesel outboards had a very low fuel consumption, but these tests prove it in black and white just how much better they are. Diesel fueled outboards can also be run on biodiesel like HVO100, which means that you lower your CO₂ emissions significantly. Everyone in the business is chasing products with less consumption, but when you're talking about changes as big as these, it's no doubt our diesel-powered outboards are the real game-changers," says Anders Berg, CEO for OXE Marine AB.

OXE Marine will be exhibiting the OXE300 for the recreational marine market at the Fort Lauderdale International Boat Show, the world's largest floating boat show, starting today in Fort Lauderdale, Florida, USA.

CONTACT:

For more information, please contact:

Anders Berg, CEO, OXE Marine AB, anders.berg@oxemarine.com, +46 70 358 91 55

OXE Marine AB (publ) (NASDAQ STO: OXE) is the company behind the world's first high performance diesel outboard. The company's unique and patented solutions for high transmission between powerhead and lower leg has led to a global high demand for the company's outboards. OXE Marine are on a journey to make life at sea prosperous for people and planet.  

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.

The following files are available for download:

https://news.cision.com/oxe-marine-ab/i/oxe300-recreational-tender,c3106307

OXE300 recreational tender

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SOURCE OXE Marine AB

FAQ

What were the results of the OXE300 sea trials conducted in October 2022?

The OXE300 diesel outboard was found to consume 50% less fuel compared to gasoline outboards during sea trials.

How much can carbon dioxide emissions be reduced when using the OXE300 with biodiesel?

Using biodiesel (HVO100) with the OXE300 reduces carbon dioxide emissions by 92% compared to gasoline alternatives.

Where is OXE Marine showcasing its products in October 2022?

OXE Marine is exhibiting the OXE300 at the Fort Lauderdale International Boat Show, the world's largest floating boat show.

Who is the CEO of OXE Marine AB?

The CEO of OXE Marine AB is Anders Berg.

What is the key environmental benefit of the OXE300 outboard?

The OXE300 outboard offers significant fuel savings and greatly reduced emissions, making it an environmentally friendly option.