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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.051 -0.017 (-24.63%)+
Announcement
Release
12 Aug 2026 8:16AM
Price at Release
$0.067
Full Release
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Summary
Sprintex Limited has entered into a Co-Development Agreement with Jiangsu Bosiwei Chemical Equipment Engineering Co., Ltd. to develop sub-3-tonne Mechanical Vapor Recompression (MVR) systems for industrial applications in China. This partnership aims to leverage China's rapidly expanding MVR market, driven by national environmental policies and decarbonisation targets. The agreement involves the supply of Sprintex's 30kW high-efficiency MVR compressors for industrial retrofit projects, notably with Hebei Yufeng Industrial Group, to replace legacy blowers, reduce energy consumption, and meet energy efficiency mandates. The global MVR evaporator market is projected to grow significantly, with China being a dominant player. The collaboration aligns with Sprintex's strategy to validate its technology with local partners and convert successful deployments into recurring supply contracts.
Key Points
  • Sprintex Limited partners with Jiangsu Bosiwei for MVR systems in China.
  • Focus on China’s expanding MVR market due to environmental policies.
  • Sprintex supplies 30kW high-efficiency MVR compressors for retrofits.
  • Hebei Yufeng Group targeted for initial retrofit project.
  • Agreement supports Sprintex's strategy for recurring supply contracts.
  • Projected growth of global MVR market with China as a key player.
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.