Ann: Exclusive Worldwide Agreement with Sharrow Marine, page-8

Unfortunately, I missed the Webinar so thanks for your update FairV.

Agree Management have lost credibility, particularly concerning issues surrounding the last capital raise (IMO). Difficult to ger back once it's lost. However I believe this deal with Sharrow is good for the company. Propellers are a large part of Veem's business and being able to negate a potential disruptor is a good outcome.

If Veem can also prove the Sharrow prop works during tests on Veem's boat and comes close to the efficiencies already reported on outboards this is a potential game changer for Veem. The Gyros should have been the catalyst to take the company to the next level but for what ever reason it just hasn't happened. The Gyros work but the uptake by industry just has not happened.

The fact that Veem has such high credibility with top line boat builders should make the transition to a more efficient (but presumably a more expensive) prop an easier outcome than if Sharrow had to try by itself. Hence I can understand why this deal makes sense for both companies.