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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.072 0.027 (60%)+
Announcement
Release
28 Jul 2025 8:23AM
Price at Release
$0.045
Full Release
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Summary
Sprintex Limited has announced the signing of a $9 million contract with Beijing Sixiang Technology Development Limited (SIX) for the supply of oxygen-enrichment equipment to address the urgent need for sustainable aquaculture solutions in China. The agreement marks a significant entry for Sprintex into the Chinese aquaculture market, valued at $200 billion. Under the contract, Sprintex will provide its proprietary oxygen-enrichment systems for the aquaculture industry, supporting the Chinese government's initiatives for environmental protection and food security. This partnership leverages Sprintex's technology, aligns with stringent Chinese regulatory requirements, and is expected to deliver considerable revenue growth and open new market opportunities.
Key Points
  • Sprintex Limited secured a $9 million contract with Beijing Sixiang Technology Development Limited (SIX).
  • The contract is for the supply of oxygen-enrichment equipment to the Chinese aquaculture market.
  • China's aquaculture market is valued at $200 billion.
  • Sprintex's proprietary technology addresses sustainability and government food security goals.
  • Contract aligns with China's regulatory and environmental protection efforts.
  • The agreement is anticipated to generate significant revenue and future market opportunities for Sprintex.
  • The partnership marks Sprintex's strategic entry into the large Chinese aquaculture sector.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.