Business
Sprintex expects sales of new wastewater blowers to carry it to profitability
(NewsDirect) Sprintex Ltd (ASX:SIX) managing director Jay Upton speaks with Proactive aft...
About this update from Sixty Six Capital Inc
[{"type":"text","content":"Sprintex expects sales of new wastewater blowers to carry it to profitability\n \n \n (NewsDirect)\n \n \n \n Sprintex\nLtd (ASX:SIX)\n \n managing director Jay Upton speaks with Proactive\nafter securing $1.3 million in capital to accelerate the rollout of\nits fuel cell electric compressor and industrial blower ranges. The\nroll-out follows high industry demand and the amount raised will fund\nproduction equipment and parts inventory for 15,000 units of\ne-compressors and industrial blowers per annum.\n \n \n “Since recapitalising\nthe company some three years ago, significant R&D, engineering,\nprototyping and testing has been undertaken to develop a suite of\ncompressor platforms which the company believes are the most efficient\nin the world, in addition to being the lightest and most\ndurable.\n \n \n “The\ncompany is now ready to transition to high production volume to meet\nexpected global demand for its range of e-compressors, fuel cell\ncompressors and industrial blowers.\n \n \n “Interest is growing rapidly in our products for the\ndeveloping clean energy sector, but we see faster and more reliable\nrevenue growth for Sprintex in the more mature industrial\nsector.”\n \n \n \n \n \n Contact\nDetails\n \n \n \n \n Proactive Investors\n \n \n \n Jonathan\nJackson\n \n \n +61 413 713 744\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2019,"tagName":"div"}]