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An update from Sprintex Limited ( (AU:SIX) ) is now available.
Sprintex has reported significant progress in the December quarter, bolstered by A$30 million in sales commitments from distribution partners in the UK, Turkiye, and India. The company achieved positive outcomes from trials with a major aquaculture producer in Turkiye, demonstrating that their G15 jet blower can deliver 70% energy savings, which validates their technology. Additionally, Sprintex secured a binding underwriting agreement with China Automotive Holdings, enhancing its growth trajectory and financial flexibility. The company aims to convert the distribution agreements into substantial revenue and complete the commissioning of Mest Water compressors, positioning itself as a leader in energy-efficient technologies.
More about Sprintex Limited
Sprintex Limited is a company involved in the development of energy-efficient technologies, with a market focus that includes distribution partnerships in the UK, Turkiye, and India.
YTD Price Performance: 6.56%
Average Trading Volume: 274,562
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$36.64M
Find detailed analytics on SIX stock on TipRanks’ Stock Analysis page.
