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Sprintex Limited ( (AU:SIX) ) has provided an update.
Sprintex Limited has strengthened its position in India’s clean-air and water treatment equipment market through an expanded channel network and targeted deployment of its G15 Jet Blower technology. Working with exclusive distributor Euroteck Environmental, the company aims to displace legacy Roots and side channel blowers by offering ultra-high-speed, low-maintenance units with lower lifecycle operating costs.
Euroteck has appointed 37 channel partners across India and placed a US$205,950 order for 150 G15 Jet Blowers to be used as demonstration units, with commercial sales expected to follow at higher recurring prices. Sprintex has recently run training and product demonstration sessions in Hyderabad, and sees a significant replacement opportunity in India’s large installed base of older blower systems, with local assembly planned once volumes exceed 1,000 units per year to gain “Product of India” status and improve competitiveness.
The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.
More about Sprintex Limited
Sprintex Limited is an Australian engineering company that develops high-efficiency, oil-free centrifugal blower systems, including its G15 Jet Blower platform. Its technology targets replacement of conventional Roots and side channel blowers in wastewater treatment, aquaculture, industrial aeration and decentralised treatment markets, with a growing focus on large, fast-developing markets such as India.
Average Trading Volume: 1,094,118
Technical Sentiment Signal: Buy
Current Market Cap: A$46.34M
Find detailed analytics on SIX stock on TipRanks’ Stock Analysis page.