Veem Ltd (AU:VEE) has released an update.
VEEM Ltd has successfully tested their Sharrow-designed inboard propellers, confirming improved fuel efficiency, reduced noise and vibration, and better handling, marking a move to the next phase of their Technology Collaboration Agreement. The company is set to launch the SHARROW by VEEM propeller range, prioritizing pre-order customers, with the promise of strategic benefits and potential defense applications. This development is expected to boost revenue and may lead to increased production capacity in the future.
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