PR Newswire | Feb 10, 2021 05:40AM EST

02/10 04:39 CST

Successful production start of OXE300 in PolandThe first OXE300 has been assembled and shipped from PanLinks Polish site at the special economic zone of Tczew STOCKHOLM, Feb. 10, 2021

STOCKHOLM, Feb. 10, 2021 /PRNewswire/ -- The development of the production set up for the OXE300 advances according to plan, well in line with the previously communicated goal to start production of OXE300 in Tczew (Poland) under the first quarter this year. Assembly of the first three units has recently been finalized and are waiting to be shipped out. Two more units are expected to be finalized before this weeks end. OXE Marine AB (NASDAQ STO: OXE) (OTCQB: CMMCF) personnel are on site to align the production process with OXE technical requirements.

The initial 20 production units from the assembly in Poland will be sent to OXE Marine AB test facility in ngelholm (Sweden), where they will undergo rigorous testing, both in test tank and on our test boats on the water to ensure that stringent demands on endurance, reliability, power and control are met.

First shipment of OXE300 produced in Poland is expected to be sent to customers in the last week of February.

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/successful-production-start-of-oxe300-in-poland,c3283179 The following files are available for download: https://mb.cision.com/Main/16067/3283179/ Successful production start of 1370422.pdf OXE300 in Poland https://news.cision.com/oxe-marine-ab/i/ verkstad-3 verkstad-3,c2875750

View original content: http://www.prnewswire.com/news-releases/successful-production-start-of-oxe300-in-poland-301225741.html

SOURCE OXE Marine AB