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Sprintex Limited ( (AU:SIX) ) has issued an update.
Sprintex Limited has secured a maiden purchase order valued at US$225,800 from Euroteck Environmental Pty. Ltd., marking a significant step in its expansion into the Indian market. This order, part of a larger agreement expected to generate over A$7 million in sales over three years, includes the company’s G15 and G25 series blowers, with customized units for wastewater treatment applications. The order exceeds Euroteck’s Q1 minimum order requirements and contributes to Q2 targets, highlighting strong demand for Sprintex’s solutions. The successful development of these customized models positions Sprintex for further opportunities with other distributors globally, potentially enhancing its market presence in regions such as the Middle East and North America.
More about Sprintex Limited
Sprintex Limited operates in the manufacturing industry, specializing in the production of high-performance blowers. The company focuses on providing energy-efficient solutions for various applications, including wastewater treatment, with a significant market focus on expanding its presence in global markets such as India.
YTD Price Performance: -11.67%
Average Trading Volume: 238,339
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$31.56M
For an in-depth examination of SIX stock, go to TipRanks’ Stock Analysis page.