Sharrow and VEEM Reach Milestone in Performance Testing Results for Inboard Vessel Applications
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2024
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Should l Buy ?
Source: businesswire
- Partnership Advancement: Sharrow Marine and VEEM Ltd have confirmed the benefits of Sharrow Propeller for inboard vessel applications, including improved fuel efficiency, reduced vibration, noise reduction, better handling, and reverse thrust.
- Manufacturing and Sales: Both companies are moving towards manufacturing and selling the SHARROW by VEEM range of propellers for inboard vessels, focusing on optimizing designs for each vessel and validating results post-installation.
- Commercial Impact: The partnership signifies a breakthrough in marine propulsion, offering defense opportunities in Australia and the US with reduced noise and vibration, enhancing operational performance of military vessels.
- Sustainability Efforts: The SHARROW by VEEM propellers align with global sustainability initiatives by reducing greenhouse gas emissions and marine noise pollution, contributing to a more sustainable future for marine transportation.
- Company Backgrounds: Sharrow Engineering revolutionized propeller technology with the Sharrow™ Propeller, while VEEM Ltd is a designer and manufacturer of marine propulsion and stabilization systems for various industries.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
