Ängelholm, Sweden — OXE Marine AB (publ), the leader in high-performance diesel marine propulsion, today announces the signing of an OEM agreement with Damen Compact Crafts (“Damen”), the compact workboat specialist and part of the globally renowned Damen Shipyards Group. Under the agreement, OXE Marine's industry-leading diesel outboard engines will be offered as the standard propulsion solution across relevant vessels in Damen Compact Crafts' HDPE workboat range.

Ängelholm, Sweden — OXE Marine AB (publ), the leader in high-performance diesel marine propulsion, today announces the signing of an OEM agreement with Damen Compact Crafts (“Damen”), the compact workboat specialist and part of the globally renowned Damen Shipyards Group. Under the agreement, OXE Marine's industry-leading diesel outboard engines will be offered as the standard propulsion solution across relevant vessels in Damen Compact Crafts' HDPE workboat range.

The partnership brings together two innovators with a shared commitment to performance, sustainability, and the demands of professional marine operations. Damen Compact Crafts' HDPE workboats are purpose-built for patrol, harbour support, survey, diving, and crewing operations — durable, corrosion-free, and deployable in the harshest marine environments. Paired with OXE Marine's high-torque diesel outboards, the combination delivers a propulsion and hull package of exceptional capability for governmental and commercial operators worldwide.

The first jointly configured vessel — a Damen standard HDPE Workboat 1003 Console powered by OXE diesel outboards — has already completed sea trials, achieving an impressive top speed of 43 knots. The vessel will serve as a test platform for the governmental segment, demonstrating the operational readiness and performance credentials of the OXE-Damen combination to governmental customers globally.

"Damen Compact Crafts is a natural partner for OXE Marine. Their HDPE workboats are built for demanding operational environments, and the sea trial results — 43 knots — speak for themselves. I look forward to what we will achieve together," says Paul Frick, CEO of OXE Marine.

"For the first time, we have successfully installed an OXE engine on a Damen vessel, and we could not be prouder of this achievement. The boat's handling is exceptional, the steering is precise, and the performance is remarkable. This collaboration has also highlighted how quickly and effectively our two teams can work together," says Nick Pruissen, Managing Director of Damen Compact Crafts.

First demo vessel at Seawork 2026

The demo vessel will make its public debut at Speed @ Seawork on 8 June 2026, the day before the main exhibition opens, where it will be available for sea trials. It will then remain on display and available for sea trials throughout Seawork 2026, Europe's largest on-water commercial marine and workboat exhibition, held at Mayflower Park, Southampton, United Kingdom, from 9–11 June 2026. Visitors to both events are invited to experience the OXE-powered HDPE workboat first-hand and meet representatives from both OXE Marine and Damen Compact Crafts.

For further information, please contact:

Paul Frick, CEO — OXE Marine paul.frick@oxemarine.com | +46 (0) 703 25 06 20Shane DeWitt, Chief Commercial Officer — OXE Marine shane.dewitt@oxemarine.com +1 (604) 816 4341

About OXE Marine AB

At OXE Marine we are driven by the ambition to transform the outboard motor; impacting the journey towards a more fuel efficient and safer marine environment. OXE Marine AB (publ) is the company behind the world's first high-performance diesel outboard. The company's unique and patented solutions for high-torque transmission between powerhead and lower leg have led to global demand for its outboards, delivering improved performance and fuel efficiency and redefining possibilities in the marine sector.

About Damen Compact Crafts (DCCr)

Damen Compact Crafts is a specialist in compact, high-performance workboats, and forms part of the Damen Shipyards Group — one of the world's leading shipbuilding conglomerates, founded in 1927 and headquartered in Gorinchem, the Netherlands. DCCr's HDPE workboat range offers durable, low-maintenance, and sustainably built vessels for patrol, harbour, survey, diving, diving, and crewing operations. Built from recyclable high-density polyethylene and designed with circular economy principles, the vessels are deployable globally across commercial and governmental markets.

AttachmentsOXE MARINE SIGNS OEM AGREEMENT WITH DAMEN COMPACT CRAFTS — FIRST VESSEL ON DISPLAY AT SEAWORK 2026