OXE Marine wins USD 0.7 million GM Marine order for engineering services and components

• OXE Marine received an order from GM Marine valued at about USD 0.7 million, the first tranche of a roughly USD 1 million project.
• Scope covers a study, engineering services, and components tied to further development of OXE’s patented lower-leg drive.
• Work also supports evaluation of alternative powertrain solutions; revenue expected to be recognized over the rest of the year.
• The order follows a November 2025 supply and development agreement to develop GM’s Duramax LZ0 3.0 inline-6 for future OXE outboards.
• Introduces an “Engineering Services” revenue segment alongside propulsion sales.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OXE MARINE AB published the original content used to generate this news brief on July 10, 2026, and is solely responsible for the information contained therein.