Welcome to our dedicated page for Oxe Marine Ab. news (Ticker: CMMCF), a resource for investors and traders seeking the latest updates and insights on Oxe Marine Ab. stock.
OXE Marine AB (CMMCF) delivers innovative diesel outboard solutions for commercial and defense marine applications. This news hub provides investors and industry professionals with essential updates on technological advancements, strategic contracts, and operational developments.
Access real-time updates on product launches, defense sector partnerships like the recent U.S. Navy order for 14 OXE300 HP units, and financial milestones. Our curated news stream combines official press releases with market analysis to help stakeholders track the company's growth in marine propulsion systems.
Key content includes engine technology breakthroughs, government contracts, executive leadership updates, and financial performance reports. Bookmark this page for reliable updates on OXE Marine's expanding role in transforming marine transportation through high-performance diesel solutions.
OXE Marine AB has entered a cooperation agreement with Evoy AS to evaluate the technical and market feasibility of a high-powered electric outboard engine. The initial focus is on a 150 hp equivalent motor, with future plans for models up to 300 hp. This partnership aims to align with OXE’s commitment to reducing emissions in the marine sector. Both companies will explore deeper collaboration to develop and market the electric propulsion system globally, targeting commercial and recreational markets as battery technology evolves.
On September 14, 2020, Oxe Marine AB upgraded to the OTCQX Best Market from the OTCQB Venture Market. This transition allows Oxe Marine to enhance its visibility among U.S. investors and meet high financial standards, which can improve stock liquidity. The company's CEO, Myron Mahendra, expressed optimism regarding positive investor sentiment following recent results. The upgrade signifies an important milestone for Oxe Marine, which designs and manufactures commercial diesel outboards.
OXE Marine AB has begun trading on the OTCQB Market in the US under the ticker symbol CMMCF. This move is designed to enhance visibility within the US investor community. CEO Myron Mahendra highlighted the launch of the new OXE300 diesel outboard and plans for a production facility in the US in 2021, anticipating significant revenue generation from North America. The company is already publicly listed on Nasdaq's First North Growth Market in Sweden.
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