SIX - Sprintex expects sales of new wastewater blowers to carry it to profitability
(NewsDirect)
SprintexLtd (ASX:SIX) managing director Jay Upton speaks with Proactiveafter securing $1.3 million in capital to accelerate the rollout ofits fuel cell electric compressor and industrial blower ranges. Theroll-out follows high industry demand and the amount raised will fundproduction equipment and parts inventory for 15,000 units ofe-compressors and industrial blowers per annum.
“Since recapitalisingthe company some three years ago, significant R&D, engineering,prototyping and testing has been undertaken to develop a suite ofcompressor platforms which the company believes are the most efficientin the world, in addition to being the lightest and mostdurable.
“Thecompany is now ready to transition to high production volume to meetexpected global demand for its range of e-compressors, fuel cellcompressors and industrial blowers.
“Interest is growing rapidly in our products for thedeveloping clean energy sector, but we see faster and more reliablerevenue growth for Sprintex in the more mature industrialsector.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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