Sharrow Engineering and VEEM Sign Exclusive Worldwide Agreement for Inboard Propellers
02 Octubre 2023 - 8:00AM
Business Wire
Launch of the SHARROW by VEEM series of
propellers represents a historic moment for marine propulsion
technology and manufacturing
US-based Sharrow Marine, a subsidiary of
Sharrow Engineering LLC, a leading manufacturer of revolutionary
propellers for boats and ships, announced today an exclusive
worldwide licensing agreement with Australia-based VEEM Ltd (ASX:
VEE), a designer and manufacturer of disruptive, high-technology
marine propulsion and stabilization systems. Under the partnership,
VEEM™ has secured the exclusive global rights to manufacture and
commercialize the innovative Sharrow™ Propeller for inboard
propellers up to five meters in diameter. The companies will work
together to produce a groundbreaking, state-of-the-art series of
SHARROW by VEEM propellers that are dramatically quieter and
more fuel-efficient than any inboard propeller currently on the
market.
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The partnership unites the two leaders of innovation and
excellence in marine propulsion and manufacturing, marking a
significant moment for the industry. Combining Sharrow’s
revolutionary propeller technology with VEEM's proven history of
manufacturing excellence and innovation across marine propulsion,
the SHARROW by VEEM propellers will initially be produced
for superyacht and commercial vessels in the 30 – 90 feet (10 –
30m) range. The SHARROW by VEEM propellers will deliver
significant fuel savings and a superior onboard experience, with
reduced noise and vibration, and improved handling, due to a
drastic reduction of tip vortices and cavitation.
“Bringing Sharrow Propellers to the inboard market has long been
a strategic priority, and VEEM is the perfect partner for us to do
so quickly, at scale, and with uncompromised manufacturing
quality,” said Greg Sharrow, Founder and CEO of Sharrow
Engineering, and inventor of the Sharrow™ Propeller. “The
SHARROW by VEEM propellers will provide a superior
experience for larger yachts and commercial vessels, representing a
true leap ahead of traditional marine propeller design.”
“This agreement with Sharrow Engineering is further testament to
VEEM’s commitment to pushing the boundaries of what’s possible in
marine technology,” said Brad Miocevich, Chairman of VEEM Ltd. “We
are thrilled to embark on this journey together to set a new
standard for performance and sustainability. We believe this will
be nothing less than transformative for the inboard market.”
The new SHARROW by VEEM propeller series represents the
beginning of what Sharrow™ and VEEM™ plan to achieve together, in
partnership around the world. The SHARROW by VEEM range of
propellers will become available to purchase through 2024 and can
be ordered directly through the SHARROW by VEEM website or
through a growing network of agents around the world.
To learn more about this announcement please visit
www.sharrowbyveem.com.
About Sharrow Engineering
Sharrow Engineering revolutionized propeller technology with the
introduction of the Sharrow™ Propeller. Invented by Greg Sharrow,
the Sharrow™ Propeller is recognized as the first major advancement
in propeller technology since the 1830s. Its design has solved the
most basic problem of rotary propulsion. Specifically, tip
cavitation and vortices have been eliminated or significantly
reduced, offering incredible performance gains over traditional
propellers and transforming the entire boating experience.
Sharrow Engineering is a USA-based advanced engineering, design
and manufacturing firm dedicated to the research and development of
revolutionary, high-performance propulsor and flow control
technologies. The company’s team of world-class aeronautical,
nautical, aerospace, and mechanical engineers are dedicated to
reinventing the methodologies and technologies used for propulsion
and flow control, and leaving the world better than we found
it.
Sharrow Engineering holds over 100 patents around the world and
is the parent company for Sharrow Marine, a nautical engineering
and manufacturing company that produces and sells the award-winning
Sharrow™ Propeller for the maritime industry. Sharrow Marine is
headquartered in the Greater Detroit, MI area.
To learn more about Sharrow Engineering and its innovative
products, go to www.sharrowmarine.com
About VEEM LIMITED (ASX: VEE):
VEEM Ltd is a designer and manufacturer of disruptive,
high-technology marine propulsion and stabilization systems for the
global luxury motor yacht, fast ferry, commercial workboat and
defence industries. VEEM™ is recognized globally as the premium
producer of high-performance propellers for inboard powered
vessels.
VEEM™ is also a highly successful manufacturer of specialised
fin systems and components for defence including the US Navy’s LCS
ride control foils and submarine valves and mufflers. VEEM™ is
currently manufacturing demonstrator propeller blades for the BAE
type-26 Hunter Class frigate program. VEEM™ was also involved in
the Large Hadron Collider – the largest machine ever built by man
and the Atlas Detector's Radiation Shield Doors.
Proudly headquartered in Perth, Western Australia, VEEM™
operates from a 14,700 sqm purpose-built manufacturing facility,
including Australia’s largest non-ferrous foundry. VEEM™ employs
approximately 200 staff in Australia, including graduates and
apprentices, and maintains a highly skilled research and
development team in-house. Celebrating its 50th anniversary in
business in 2018, VEEM™ listed on the Australian Securities
Exchange (ASX) in 2016. www.veem.com.au
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version on businesswire.com: https://www.businesswire.com/news/home/20231002862697/en/
Media Contact: sharrowmarine@themessinagroup.com
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