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Quick Hits: September 9, 2020

California-based MB Sports have agreed on the terms of licensing Malibu Boats, Inc.’s intellectual property that include a one-time payment and a portion of future royalties to be made to Malibu. “The boating industry continues to show respect for Malibu’s innovations,” Malibu CEO Jack Springer said in a statement. “Today, over 20 brands directly or indirectly license our IP, and in the towboat manufacturing segment, every significant towboat OEM now licenses Malibu’s patents.” On a related note, Malibu IP is the subject of the company’s ongoing patent litigation against what Springer called “the sole exception” in the towboat space, Skier’s Choice. A court had entered a favorable claim construction against the builder of Supra and Moomba boats, who Malibu says is infringing on its patents. 

It’s been a summer of milestones for Cox Powertrain. Back in June. the U.K.-based manufacturer attained EPA Tier 3 approval for its most powerful, 300-hp CXO300 diesel outboard and its Florida distributor, Ring Power, started to receive shipments of the first production units. Now, the first installation of the engines is complete, with a twin setup on an Intrepid Nomad 345. “The production CXO300 engines are everything we expected and more,” said Ring Power sales and marketing specialist Royal Hendrix in a statement. The production engines meet all our expectations and we continue to be amazed after every trip on the water.” 


Volvo Penta to Power Offshore Wind Farm Transfer Vessels

The Swedish company will provide quad IPS systems for crew-and-equipment transfer vessels being built by American Offshore Services.

ePropulsion Secures B+ Series Funding

The China-based company will use the investment — equal to tens of millions of U.S. dollars — to advance research and development in e-power technology innovations.

Discover Boating Moves Forward

The joint NMMA and MRAA effort reveals a new logo and its rebranding of the Miami International Boat Show.

The Outdoor Recreation Boom Continues

Bombardier Recreational Products saw revenue jump 28 percent to $4.2 billion for the year, but dipping in its fiscal Q3 due to supply chain constraints.

A Steady Decline

Demand remains strong, but supply-chain logjams continue to weaken boat registration numbers.

Heimensen Named MarineMax Marketing VP

The yacht retailer announced it has promoted its longtime marketing director Abbey Heimensen.

C.G. Foundation Launches GivingTuesday Matching Challenge

The Coast Guard Foundation is launching a matching gift in which Geico Military will triple all donations received by midnight tonight.