Cimco Marine AB (publ) publishes annual report for 2018

Cimco Marine AB's (publ) annual report for 2018 is now published on the company website https://www.oxe-diesel.com/, and also attached as a pdf to this release. The annual report is for the financial year 01/01/2018–31/12/2018.

This is information that Cimco Marine AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at on 29th of March 2019 at 07.30 AM CET.

Certified Adviser

Västra Hamnen Corporate Finance AB is Certified Adviser for Cimco Marine AB (publ). Contact details to Västra Hamnen Corporate Finance AB: tel. 040-20 02 50, e-mail ca@vhcorp.se.

For further information, please contact:

Anders Berg, Chairman, anders.berg@oxe-diesel.com, +46 70 358 91 55

Andreas Blomdahl, CEO, andreas.blomdahl@oxe-diesel.com, +46 431 44 98 99

Myron Mahendra, CFO and EvP in charge of Administration and HR, myron.mahendra@oxe-diesel.com, +46 76 347 59 82

https://www.oxe-diesel.com/

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. The Company’s unique patented engine-to-propulsion power transmission solutions have led to high demand for the Company's engines worldwide.

About Us

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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