Share Name Share Symbol Market Type Share ISIN Share Description
Cimco Marine Ab LSE:0GHF London Ordinary Share SE0009888613 CIMCO MARINE ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 11.90 0.00 0.00 0.00 0.00 0.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

Cimco Marine AB (publ) Receives Significant Order for the OXE300 with a Value of Approx. EUR 3 Million from one of its Distri...

12/11/2019 3:52pm

PR Newswire (US)


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STOCKHOLM, Nov. 12, 2019 /PRNewswire/ -- Cimco Marine AB (publ) has today received orders for the OXE300 from one of its distributors in the Americas in respect to mainly governmental use. The total revenue for this order is approx. EUR 3 million for the base units, excluding accessories, service kits and spare parts.

Delivery of the OXE300 units will commence once start of production commences, which is expected to be in the second quarter of 2020. The entire order is expected to be delivered during 2020.

"I am extremely pleased that, following the successful marketing launch of the OXE300 at the Genoa Boat show in September, the level of interest in our product has increased substantially and the order now received is in reflection of the quality and acceptance of our current production of the OXE200", says Myron Mahendra, CEO

Certified Adviser

FNCA Sweden AB is Certified Adviser for Cimco 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@oxe-diesel.com, +46-76-347-5982

Anders Berg, Chairman, anders.berg@oxe-diesel.com, +46-70-358-9155

Cimco Marine AB (publ) is obligated to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 12 November 2019 at 4:30 pm.

Cimco Marine AB (publ) has, after several years of development, constructed the OXE Diesel, the world's first diesel outboard engine in the high-power segment. Cimco'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

The following files are available for download:

https://mb.cision.com/Main/16067/2960010/1140149.pdf

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SOURCE Cimco Marine

Copyright 2019 PR Newswire

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