First OXE125-200 assembly in USA

Rhea-AI Summary

OXE Marine AB (OTCQB: CMMCF) has initiated the assembly of its OXE125-200 outboard engines at Outdoor Network Manufacturing in Albany, GA, as part of a manufacturing agreement. This marks a significant step in their production setup, aiming to meet market demand for their unique diesel engines. The initial units will undergo strict testing to ensure quality. OXE Marine continues in-house production, maintaining a steady supply of engines.

Positive

• Initiation of OXE125-200 assembly in Albany, GA.
• Development of production setup in the USA is on track.
• Continued in-house production of OXE Diesel engines ensures market supply.

Negative

• None.

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

First OXE125-200 assembly in USA

View original content:http://www.prnewswire.com/news-releases/first-oxe125-200-assembly-in-usa-301222106.html

SOURCE OXE Marine AB

FAQ

What is the latest news about CMMCF and OXE Marine?

OXE Marine has started the assembly of OXE125-200 outboard engines in Albany, GA as of February 4, 2021.

Where is the OXE125-200 engine being assembled?

The assembly is taking place at Outdoor Network Manufacturing in Albany, Georgia.

What is the significance of the OXE125-200 assembly for CMMCF?

The assembly marks a critical step in OXE Marine's expansion in the U.S. market and aims to meet increased demand for their diesel engines.

When did OXE Marine begin production of the OXE125-200?

Production of the OXE125-200 started in early 2021.

How does OXE Marine ensure the quality of OXE125-200 engines?

Each engine will undergo rigorous testing to meet the company's high standards for endurance and reliability.