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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.071 0 (0%)+
Announcement
Release
29 Apr 2026 8:13AM
Price at Release
$0.071
Full Release
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Summary
Sprintex Limited has entered into an exclusive distribution agreement with Washnah Trading Co. LLC, appointing them as the sole distributor of Sprintex's high-speed Jet Blowers in Saudi Arabia. This agreement, which requires a minimum annual order following regulatory approvals, marks a significant step in Sprintex's expansion strategy into emerging markets. Washnah's tender for the King Salman International Airport's wastewater treatment project further cements this collaboration, presenting a substantial business opportunity in line with Saudi Arabia's Vision 2030 goals for infrastructure and economic development.
Key Points
  • Sprintex Limited signed an exclusive distribution agreement with Washnah Trading Co. LLC for Saudi Arabia.
  • The agreement covers Sprintex's G-Series, GA, and GR high-speed Jet Blowers.
  • Performance-based exclusivity with minimum order commitments of US$500k per annum.
  • Washnah submitted a tender for King Salman International Airport's wastewater treatment using Sprintex blowers.
  • The tender involves approximately 30 high-power turbo blowers, representing an opportunity exceeding AU$5m.
  • Initial term of the agreement is until 31 March 2029, with a possible two-year extension.
  • The agreement aligns with Saudi Vision 2030, targeting infrastructure investment and economic diversification.
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.