OXE Marine - Experts & Thought Leaders

OXE Marine. Inc (US), a subsidiary of OXE Marine AB, has received an order totaling USD 5.8m, to supply a United States Governmental Agency, (the Agency).  The scope of supply of the order includes 40 units of the company’s low-emission diesel OXE outboard engines, rigging accessories, spare parts, and lifecycle support as well as rigging and installation services to be performed to the fleet of vessels being fitted with OXE engines. Installation services All products are planned for delivery in 2023 with the installation services to be carried out over 2024. The order was placed by a private contractor in the United States, which received the award to deliver the equipment to the Agency. 50% of the order (approximately USD 2.9m) will be paid in advance during the early stages of the project, and this advance payment is expected to be received during Q3 and Q4 2023. Efficiency, and safety OXE Marine products are designed for applications where high speed, torque, range, fuel efficiency The order underscores the growing recognition of OXE Marine’s products and reinforces its position as a trusted choice for government agencies worldwide. OXE Marine products are designed for applications where high speed, torque, range, fuel efficiency, and safety are all required. Performance targets “We are excited to be selected as the supplier and this order marks yet another milestone in the development of OXE Marine as our products continue to gain market recognition,” says Jeremy Davis, CCO and US Executive Vice President of OXE Marine. "The OXE outboards have enabled our users to reach new performance targets of range and enhanced fuel economy thanks to OXE’s unique technology." Size of the order and recognition This has a significant impact on our company both in terms of the size of the order but also the recognition" “We are honoured to be a part of this project, the largest single order in value ever received in the company’s history," says Paul Frick, CEO of OXE Marine. "This has a significant impact on our company both in terms of the size of the order but also the recognition of the ability of OXE Marine to make a meaningful impact on the marine market.”  Innovative diesel outboard engines OXE Marine is a pioneering force in the maritime industry, known for its innovative diesel outboard engines that offer unprecedented power, safety, efficiency, and durability. OXE Marine's solutions are designed to revolutionise maritime propulsion by combining technological excellence with environmental sustainability. With a strong focus on performance and reliability, OXE Marine continues to redefine possibilities in the marine sector.

The Board of Directors of OXE Marine AB (OXE Marine / the ‘Company’) has resolved to appoint Paul Frick as the new Chief Executive Officer (CEO) effectively from Monday, 29th May, 2023, following the resignation of Anders Berg, who will stay on for a smooth transition period. Jonas Wikström, Chairman of the Board, OXE Marine, said “We are very pleased with the appointment of Paul Frick as the new CEO of OXE Marine. In his role as CFO, he has done a fantastic job in managing the company’s finances and played a vital part in improving the company’s financial position, as well as engaging with the company’s shareholders and investor community.” OXE Marine appoints Paul Frick as new CEO Paul Frick was appointed Chief Financial Officer (CFO) of OXE Marine AB in 2019 Jonas Wikström adds, “Paul has also been actively involved in commercial operations working closely and gaining the trust of our customers in the marine sector. We are excited to have him assume the role of CEO and we are confident that he is the right person to manage and to continue the development of the company, following on from Anders who has decided to move on.” Paul Frick was appointed Chief Financial Officer (CFO) of OXE Marine AB in 2019 and has been Head of Commercial Operations since 2022, including taking on responsibility for sales in the Nordic region. He is a qualified Chartered Accountant and has held several commercially orientated finance roles in his career. Paul Frick has been a part of the OXE journey over the past four years, during which time, the company has taken significant steps forward. Extensive industry experience Paul Frick stated, “I am very honoured to assume the role as CEO and continue the development of OXE. In recent years the company has undergone several changes and has made solid progress in industrialising the business.” He adds, “I look forward to continuing the good work carried out by my colleagues, an extremely passionate and dedicated team. I look forward to leading the team with humility, hard work and above all – focus on where we can add the most value to our customers.” Anders Berg leaves the post of OXE Marine’s CEO Anders Berg has been the CEO since 2022 and before that he was Chairman of the Board since 2018 Anders Berg has been the CEO since 2022 and before that he was Chairman of the Board since 2018. Anders has chosen to resign as CEO to spend more time with his family and pursue other interests. Anders Berg stated, “It has been a privilege to lead and develop the business. The employees are the company’s greatest asset, and I would like to especially thank them for their efforts. I look forward to continuing to support the company and follow the company’s development as a ‘disruptor’ in the marine industry.” Helped support the company’s expansion Anders Berg adds, “I know that Paul, who I have worked with for many years, is very well suited to lead the company towards profitability and an even stronger market position, and I am very pleased that he is taking over as CEO, and for my part look forward to spending more time for my family and pursuing other interests in the future.” Jonas Wikström stated, “During his years at OXE Marine, Anders has developed the company structurally and driven the commercial development from a startup into a brand recognised in the marine world. The company’s operations have expanded, and the business activities have intensified. I want to thank Anders for his decisive efforts for the company, for his very hard work, and the great cooperation we have had together.”

OXE Marine AB launches their first product configurator. This new tool allows end customers to easily configure and customise their OXE Diesel Outboard, to meet their specific needs and requirements. The configuration is gathered in a downloadable PDF for future reference. With the OXE Diesel Product Configurator, customers can easily select their desired power output, shaft length and other specifications to create the perfect outboard for their specific application. The user-friendly interface makes it simple for anyone to design and configure their own OXE outboard, with real-time pricing, charts on fuel savings and emission reduction, available at the click of a button. OXE Diesel Product Configurator We're excited to offer our customers a new level of customisation and flexibility with the OXE Configurator" “We're excited to offer our customers a new level of customisation and flexibility with the OXE Configurator,” says Jeremy Davis, Director of Sales at OXE Marine AB, adding “We know that our customers have specific needs and requirements, and this tool allows them to create an outboard that is tailored to their specifications. Whether you're a commercial fisherman, a recreational boater, or anything in between, the OXE Configurator makes it easy to build the perfect outboard for your needs.” The OXE Configurator is now available on the OXE Marine website and is compatible with the full OXE Marine product range. Customers can save their configurations for future reference, and easily make adjustments and modifications as needed. OXE Marine’s diesel outboards, OXE Diesel OXE Marine’s diesel outboards, OXE Diesel, have significantly lower fuel consumption than their gasoline counterparts and can also run on biodiesel such as HVO100. When OXE Marine tested a twin installation of their OXE300 motors on a Nimbus T11 boat last year, the gasoline installation of the same power class showed 50 percent higher fuel consumption. Furthermore, when the two OXE300 from OXE Marine were operated on HVO100 biodiesel, carbon dioxide emissions were reduced by up to 92%, when compared to the gasoline installation.