SIX Price sensitive 31 Oct 2024, 8:09 AM

Quarterly Activities/Appendix 4C Cash Flow Report

Sprintex Ltd

Sprintex Delivers Strong Quarterly Results, Expands Global Reach

Key points

  • Successful delivery of first compressors to Mest Water, positioning for significant revenue in 2025
  • Qunying Corporation trial achieves 69% electricity savings, delivering A$1.25 million in annual cost reductions
  • Upgraded PLC system enhances product capabilities, driving increased demand

Full summary

Sprintex Ltd has achieved significant milestones this quarter, including the successful delivery of the first compressors to Mest Water in the Netherlands. This partnership positions Sprintex to generate substantial revenue for the 2025 calendar year, with orders expected for 600-800 compressors. The company also reported successful trials with Qunying Corporation in China, where its energy-efficient G15 7.5kW blowers achieved 69% electricity savings and delivered A$1.25 million in annual electricity cost reductions per factory. This highlights the impact of Sprintex's technology in driving significant energy efficiency. The recent integration of an updated PLC system has further enhanced the company's product capabilities, allowing its blowers to interface seamlessly with client systems via MODBUS protocols. This flexibility aligns with the increasing industry demand for intelligent automation and is expected to drive the sale of 5,400 G15 units over the next 12 months, generating A$14.75 million in revenue. Sprintex has also welcomed John Bell as its new CFO and Company Secretary, ensuring the company will meet all future reporting deadlines. The company is expanding into new markets, including wastewater, textiles, food production, and agriculture, positioning Sprintex to deliver energy savings and environmental solutions across diverse industries.

Guidance

Sprintex expects to sell 5,400 G15 units over the next 12 months, generating A$14.75 million in revenue.

Outlook

Sprintex is expanding into new markets, including wastewater, textiles, food production, and agriculture, positioning the company to deliver energy savings and environmental solutions across diverse industries. The company remains committed to innovation and growth as it continues to pursue new opportunities and partnerships.

Summary generated by a large language model. Please interpret with care.

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