Cimco Marine AB (publ) has been awarded the “Best industrial Exporter IPO Sweden 2017 Award” by CFI.co

Ängelholm 2018-04-27

Cimco Marine AB (publ) which produces the world's first diesel engine in the higher power ranges and is listed on Nasdaq First North, has been awarded the "Best Industrial Exporter IPO Sweden 2017 Award". The prize is awarded annually by London-based CFI.co, which monitors business and economics from a global perspective.

Summary of jury's motivation:

• Cimco Marine has developed the world's first diesel engines with high power.

• The development of OXE Diesel represents a marine technical breakthrough.

• The development of OXE Diesel is in line with NATO's “single fuel” directive.

– It is with great pride we receive this price. The jury's motivation for example, "marine breakthrough" and that we actually created the world's first and even the world’s only single diesel engine over 100 horsepower clearly defines our uniqueness, says Cecilia Anderberg, CEO Cimco Marine AB. 

In a comment regarding that Swedish Cimco Marine AB has been awarded the prize, the jury also says: "It is with great pleasure that the award this year goes to a Swedish innovative engineering company whose unique product meets both needs and demands".

For further information, please contact:                       

Cecilia Anderberg, CEO Cimco Marine AB, tfn +46 (0) 763-10 22 50 (cecilia.anderberg@oxe-diesel.com)
Wim Romeijn, Editor CFI.co, tfn +44 (0) 203 137 3679, wro@cfi.co
Lars Sjögrell, Head of public relations, Cimco Marine AB, tel. +46 702-69 53 00,
lars.sjogrell@perspective.se 

www.oxe-diesel.com 
www.cfi.co

Certified Adviser

Västra Hamnen Corporate Finance AB is Cimco’s Certified Adviser.

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. OXE Diesel has a unique belt driven propulsion system that allows a hydraulic multi-friction gearbox to be mounted. This means that the engine can handle significantly higher loads than a traditional outboard engine. Cimco’s OXE diesel has a horizontally mounted engine as opposed to a traditional outboard with a vertically mounted engine.

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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. OXE Diesel has a unique belt driven propulsion system that allows a hydraulic multi-friction gearbox to be mounted. This means that the engine can handle significantly higher loads than a traditional outboard engine. Cimco's OXE Diesel has a horizontally mounted engine as opposed to a traditional outboard with a vertically mounted engine.

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– It is with great pride we receive this price. The jury's motivation for example,
Cecilia Anderberg, CEO Cimco Marine AB