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Sparc Technologies Ltd ( (AU:SPN) ) has provided an announcement.
Sparc Technologies has received a $981K R&D tax refund for the fiscal year 2025 under the Australian Government’s R&D Tax Incentive program. This non-dilutive funding will bolster Sparc’s cash position, aiding in the commercialization of ecosparc® and supporting further research and development. The financial boost underscores Sparc’s commitment to advancing technologies that enhance sustainability and environmental outcomes in protective coatings and green hydrogen, potentially impacting its industry positioning and stakeholder interests.
More about Sparc Technologies Ltd
Sparc Technologies Limited is an Australian technology company focused on developing solutions that enhance environmental and sustainability outcomes for global industries. The company operates in two main technology areas: green hydrogen and graphene-enhanced materials. Sparc Hydrogen, a joint venture with Fortescue Ltd and the University of Adelaide, is pioneering next-generation green hydrogen production technology using photocatalytic water splitting. Additionally, Sparc is commercializing ecosparc®, a graphene-based additive that improves the performance of epoxy-based protective coatings.
Average Trading Volume: 75,268
Technical Sentiment Signal: Sell
Current Market Cap: A$17.02M
See more insights into SPN stock on TipRanks’ Stock Analysis page.