Cimco Marine AB (publ) enters into letter of intent with African governmental supplier
Cimco Marine AB (publ) (the “Company”) has today entered into a letter of intent with an African governmental supplier to, via its sub-Saharan distributor Southern Power Products (Pty) Ltd, supply an African government with its OXE150s/200s to power their new Rigid Inflatable Boats (RIBs). The expected total revenue from this project is approx. EUR 5 million including accessories, service kits and spare parts. This project is phase one of a multi-phase program with this government. Delivery of the OXE units is conditional upon the OXE receiving the end customer’s approval after sea