Sprintex expects sales of new wastewater blowers to carry it to profitability

–News Direct–

Sprintex Ltd (ASX:SIX) managing director Jay Upton speaks with Proactive after securing $1.3 million in capital to accelerate the rollout of its fuel cell electric compressor and industrial blower ranges. The roll-out follows high industry demand and the amount raised will fund production equipment and parts inventory for 15,000 units of e-compressors and industrial blowers per annum.

“Since recapitalising the company some three years ago, significant R&D, engineering, prototyping and testing has been undertaken to develop a suite of compressor platforms which the company believes are the most efficient in the world, in addition to being the lightest and most durable.

“The company is now ready to transition to high production volume to meet expected global demand for its range of e-compressors, fuel cell compressors and industrial blowers.

“Interest is growing rapidly in our products for the developing clean energy sector, but we see faster and more reliable revenue growth for Sprintex in the more mature industrial sector.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

Jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/sprintex-expects-sales-of-new-wastewater-blowers-to-carry-it-to-profitability-635189216