Consumers are demanding increasing sophistication from the boats they buy, reflecting the conveniences and advances they have come to expect in modern automobiles. Marine technology companies are responding, developing smarter and more sophisticated electronics, cleaner, quieter and more powerful engines, and pod drives and joystick systems.
MLF anglers will use the new Ghost trolling motor.
Cimco Marine can use the funds for R&D on its line of OXE engines.
Collaboration is being partly funded by the Swedish Energy Agency.
Agreement with Garmin will run through 2024.