Brief: Oxe Marine Gets Order Worth $5.8 Mln
02/10/2023 09:17
Oct 2 (Reuters) - OXE MARINE AB OXEMA.ST :
* SAID ON FRIDAY OXE MARINE INC (US) HAS RECEIVED ORDER
TOTALING
USD 5.8M, TO SUPPLY A UNITED STATES GOVERNMENTAL AGENCY
* 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
* ALL PRODUCTS ARE PLANNED FOR DELIVERY IN 2023 WITH THE
INSTALLATION SERVICES TO BE CARRIED OUT OVER 2024
* 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
Source text for Eikon: urn:newsml:reuters.com:*:nMFN387r2X
Further company coverage: OXEMA.ST
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