OXE Marine AB (publ) have signed an agreement with Nimbus Group for the supply of engines. The agreement means that OXE Marine's industry leading diesel-powered outboards are now an available option for Nimbus Group's customers to power their boats. Until now, Nimbus Group's customers have only been able to choose diesel inboards, but with the new agreement with OXE Marine, their offer is now broadened even further. OXE Marine's outboards have significantly lower fuel consumption than gasoline-powered outboards of equivalent horsepower, as a result of the diesel powerhead based on automotive technology. When OXE Marine recently conducted sea trials of a double OXE300 installation on a Nimbus T11, the results showed that the gasoline alternative consumed 50% more fuel. It was also noted that the double OXE300 installation performed with a higher top and cruising speed. When the same installation was run on HVO100, a type of biodiesel, a 92% reduction of net CO2 emissions was seen, relative to the gasoline alternative. From Nimbus Group's perspective, the agreement is seen as an important step in strengthening their offering to
their customers.