"We are delighted that the judges have recognised that the ABL (Automatic Boat Loader) makes boating safe, stress-free and fun. This will really power up our international market push into Europe and the US."
Bill Dixon, chairman of the DAME Award jury, and owner of Dixon Yacht Design, said the finalists met the industry's need for products that were interesting and made boating easier, exciting, enjoyable, comfortable and less stressful.
"In the marine industry, we collectively need to make boating much more fun for the end user," he said. "This year's nominations provide great case for believing we are heading in the right direction."
Balex recently completed a successful capital offer on Snowball Effect of $330,500 bringing its current round total to $815,000. Balex are targeting an additional $685,000 to complete this round and actively pursuing opportunities to secure a strategic cornerstone investor. The company was launched in 2013, and had raised $2.2 million in earlier rounds.