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Sprintex Limited ( (AU:SIX) ) has issued an announcement.
Sprintex Limited has successfully delivered and commenced the commissioning of its integrated PLC control systems at Mest Water’s Netherlands facility, marking a significant milestone in their collaboration. This development transitions Sprintex from a component supplier to a full-system technology partner, positioning the company to capitalize on a lucrative market opportunity, including a potential maiden order valued at €9.3 million. The integration of Sprintex’s systems is expected to benefit from new European regulations on nitrogen and ammonia reduction, enhancing the economic potential of Mest Water’s ZLD-UP systems and supporting Sprintex’s growth in commercial production orders and recurring revenue.
More about Sprintex Limited
Sprintex Limited operates in the engineering sector, focusing on the development and production of high-speed Mechanical Vapour Recompression (MVR) vapor blowers and integrated control systems. The company is involved in creating solutions for zero-liquid-discharge (ZLD) systems, targeting the circular economy and environmental compliance markets.
Average Trading Volume: 366,066
Technical Sentiment Signal: Sell
Current Market Cap: A$32.96M
Find detailed analytics on SIX stock on TipRanks’ Stock Analysis page.